The Minister of Energy and Energy Industries, Franklin Khan, launched a new mentorship training programme in the Ministry of Energy themed ‘Inspiring Trinidad and Tobago’s future’.
The Energy Chamber of Trinidad and Tobago welcomes the renewed interest in regional social and economic integration expressed by many Caribbean governments. It seems that the CARICOM single market and economy (CSME) is back on the regional agenda, after years of being on the back burner. The regional private sector has always been a major driver of regional integration and the Energy Chamber has long called for the full implementation of the CSME.
BP’s Chief Economist, Spencer Dale, in a one-on-one interview with EnergyNow indicated that prices for services may not see the rebound that many industry players anticipate.
One of the things that upsets me the most is hearing of cases where small contractors have been ripped off by unscrupulous “consultants” selling them the promise that they will be STOW certified if they just pay the consultant some exorbitant fee. It really makes me see red.
BHP seeks expressions of interest from interested contractors who can demonstrate the capability to deliver the following scopes of goods and services with suitable and certified personnel for Mudlogging and OSV/AHTS
SBM Offshore has indicated that it kicked off its scope for the construction phase of Liza Unity following a final investment decision (FID) by ExxonMobil in May 2019. Unity will be the second FPSO for the Liza project in Guyana.
The US oil major is now lining up exploration activity in the neighboring Canje block for 2020.
In June, the Government established a Cabinet-appointed multi-sectoral committee to develop a five-year action plan for the use of energy in all sectors of Trinidad and Tobago. The committee has completed its work and has handed in its report to the Minister of Public Utilities, Sen. the Hon. Robert Le Hunte.
Hess announced yet another discovery at the Tripletail-1 well on the Stabroek Block offshore Guyana. This discovery is the 14th made by Exxon and partner Hess.
SBM Offshore and ExxonMobil signed a Long-Term Agreement covering potential future FPSO orders. This agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs, which includes Build-Operate-Transfer projects that generally cover a short lease term.
Tullow confirms second discovery and has announced that the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin.
The National Gas Company of Trinidad and Tobago Limited (NGC) will construct a natural gas pipeline and metering station from the Couva-Preysal Interchange, Preysal Roundabout, to NGC CNG’s proposed Preysal CNG Station, at the same site.
Touchstone Exploration announced that its first exploration well has encountered four zones with prospective natural gas accumulations on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago.
The company stated in a press release that a binding conditional agreement was signed with LandOcean for the sale of Range Resources Trinidad in exchange for offsetting all outstanding debt due from Range to LandOcean (currently estimated at US$91 million) and cash consideration payable to Range of US$2.5 million.
The Energy Chamber is liaising with CARICHAM, the Caribbean regional network of Chambers of Commerce, who are the official private-sector representatives on CDEMA, the official CARICOM coordinating mechanism. Through CARICHAM we are in touch with the Bahamas Chamber of Commerce, who has established a GoFundMe page to collect donations.
Heritage Petroleum confirms that Arlene Chow has been appointed as the interim CEO Heritage Petroleum Company Limited pending the recruitment of a permanent CEO to replace Mike Wylie.
The Department of Energy in Guyana (DoE) has announced that the government will set up a Local Content Compliance Unit which, according to Dr. Mark Bynoe, will help validate information from the operators.
Fernando Zúñiga, Executive Director, said: “Being able to distribute the first dividend only nine months after the IPO represents a huge success for the Company. The dividend corresponds to 8.9% on share capital and exceed our initial projections in the IPO prospectus substantially. This places MPC Caribbean Clean Energy Ltd. among the top dividend-paying stocks on the Jamaica and the Trinidad and Tobago stock exchanges.