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MHTL, a member of the Proman Family of Companies announced the completion of a 1 billion dollar term facility. The term facility bears interest at a rate of 5.5% per annum for the first 18 months. The term facility has a tenor of three years and is unsecured with interest payable semi-annually.
The Dutch super major Shell, has strengthened its position in renewable energy. The company has acquired 100% of EOLFI, a French renewable energy developer specialised in floating wind projects.
Heritage Petroleum Company has indicated that individuals and their organizations are hosting fake recruitment orientations and falsely promising employment at the company.
According to a press release from Kosmos Energy, the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area.
According to a press release by the company, Baker Hughes, a GE company announced its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.
Baker Hughes is uniquely positioned as an energy technology company, with a diverse portfolio that spans the entire energy value chain. The Company’s new name and brand better reflect its current and intended principal business operations and diversified portfolio.
These changes follow the recently-completed secondary offering of shares of Class A common stock and concurrent share repurchase, bringing General Electric Company and its affiliates’ ownership in the Company to below 50 percent of the voting power of all classes of the Company’s voting stock.
The Proman family of companies announced that as of October 1st, 2019 its construction arm, PAGTT (Proman AG (Trinidad) Ltd), has amalgamated with its operation division, IPSL (Industrial Plant Services Limited), creating a new entity trading as Proman.
According to the BHP Operational Review for Q3 2019, hydrocarbons were encountered while drilling the Boom-1 well. The well was spud on August 28th and the report indicates that evaluation and analysis are ongoing.
Speaking at the opening of the BP Statistical Review of World Energy, Claire Fitzpatrick, Regional President of BPTT subtly announced that BP has submitted a bid to the Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell.
The drilling activity in Guyana has moved on from being solely focused on Exxon to now include Tullow and also Repsol. Tullow recently successfully drilled the Jethro-1 well and has spud the Joe-1 well. Repsol, however, is approaching the same stage and is expected to spud a well in this quarter.
The Energy Chamber’s Energy Services Sector Survey (ESSS) is a quarterly survey of energy services contractors.
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.
