Energy Chamber’s statement on the future of the Pointe-a Pierre refinery assets

Energy Chamber’s statement on the future of the Pointe-a Pierre refinery assets

The Energy Chamber fully supports the privatization of the Pointe-a-Pierre refinery to put the asset to productive use. The Energy Chamber has been monitoring the recent announcements from both the Government and from the OWTU with respect to the proposal from Patriotic Energies and Technologies Ltd and the decision to re-establish the Evaluation Committee to review the latest proposal. We continue to encourage all stakeholders to move expeditiously to find a solution to complete the sale of the assets to a private-sector entity so they will be able to generate value for Trinidad & Tobago.

US gives ENI green light to offload crude oil from Nabarima

US gives ENI green light to offload crude oil from Nabarima

Italian-based multinational oil company, ENI has announced that they have received a green light from the United States’ authorities to offload crude oil from the Nabarima FSO, without breaking the international sanctions regime. ENI will then be able to repair the vessel. Approval was received from the US authorities on Thursday 29th October, 2020.

US Embassy: Statement on Nabarima

US Embassy: Statement on Nabarima

Press Release: US Embassy in T&T
Statement on Nabarima
16/10/20

The United States remains concerned by the potential risk to safety and environment posed by the Venezuelan-flagged vessel, Nabarima, in the Gulf of Paria. We strongly support immediate actions to bring the Nabarima up to international safety standards and avoid possible environmental harm, which could negatively impact not only the Venezuelan people but also those in nearby countries. PdVSA has a responsibility to take action to avoid an environmental disaster in Venezuelan waters.

Trinidad and Tobago Government continues action on issue of FSO Nabarima

Trinidad and Tobago Government continues action on issue of FSO Nabarima

Press Release: Ministry of Foreign and Caricom Affairs
Trinidad and Tobago Government continues action on issue of FSO Nabarima
16/10/2020

Since learning of reports that there had been tilting of the Venezuelan oil storage vessel the FSO Nabarima, the Government of Trinidad and Tobago has engaged in consistent action in the best interest of our citizens. There was swift communication of our concerns to the Government of Venezuela on behalf of our people and our environment.

Lloyd’s Register to sell energy business to Inspirit Capital

Lloyd’s Register to sell energy business to Inspirit Capital

Lloyd’s Register Group (LR) announced that it has entered into a definitive agreement to sell its Energy business unit to Inspirit Capital, a London-based investment firm focused on building long-term value. The agreement follows a comprehensive review of LR’s business portfolio and strategic direction.

Incoming Chairman’s Speech

Incoming Chairman’s Speech

Let me start by thanking my fellow Board members, and by extension the wider membership of the Energy Chamber, for the trust that you have placed in me. The Energy Chamber is an important institution with a long and distinguished history, and I am honoured and humbled by the opportunity to lead the organisation. I would like to especially thank Eugene Tiah, who has stepped down today after three years as Chairman and many more as a Board member. Eugene has been an exemplary leader in the energy sector, with a well-deserved reputation for his calm, structured and even-handed approach to difficult situations and in making tough decisions. On behalf of the entire sector thank-you for all your hard work and dedication.

Matapal on track for 2022

Matapal on track for 2022

bpTT has announced that they have commenced work on the Matapal field development and the project is on track for first gas in 2022.

bpTT starts up Galeota expansion project (GEP)

bpTT starts up Galeota expansion project (GEP)

bp Trinidad and Tobago LLC (bpTT) announced the safe start-up of the Galeota expansion project (GEP). The project has been under construction since late 2016 and was started up on 28 September 2020. Its completion is a major milestone for bpTT.

Inaugural Loadout of Methanol at the Port of Brighton

Inaugural Loadout of Methanol at the Port of Brighton

Monday 28th September 2020 saw the inaugural loadout of methanol from the Port of Brighton, La Brea. This cargo of methanol was produced from Caribbean Gas Chemical Limited (CGCL) located at Union Industrial Estate, La Brea, which is an industrial estate owned by National Energy Corporation of Trinidad and Tobago Limited (National Energy), a subsidiary of NGC. CGCL, a joint venture enterprise with NGC as one of the equity investors, is a locally registered and operated company formed to oversee the project development stage of the Complex.

SBM Offshore awarded contracts for ExxonMobil FPSO Prosperity

SBM Offshore awarded contracts for ExxonMobil FPSO Prosperity

SBM Offshore has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana. Under these contracts, SBM Offshore will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years.