EnergyNow Issue 34
The Energy Chamber fully supports the privatization of the Pointe-a-Pierre refinery to put the asset to productive use. Significant capital investment is needed to bring the assets of the refinery back into productive and profitable use. This investment will need to be very carefully deployed and managed and there is significant risk involved. For this reason, the Energy Chamber is clear that no further Trinidad & Tobago tax-payers funds should go into this investment and that the capital must come from the private-sector. Given the size of the needed investment, the capital will likely be from an international investor, though local private-sector involvement would also be welcome. Click to read more…
Invitation to Tender: Design, Supply, Install and Commissioning of a Solar Photovoltaic Generation System at the Piarco International Airport
Touchstone Exploration has announced that the Cascadura Deep-1 well encountered significant hydrocarbon accumulations based on drilling and wireline log data. The company said that wireline logs indicated natural gas pay totaling approximately 1,315 net feet in four unique thrust sheets in the Herrera sands from a depth of 5,455 feet to total depth.
Ramps Logistics has been awarded an integrated contract with Tullow Oil for its upcoming drilling campaign in Block 47, Suriname.
Shell EOI - Literacy and Renewable Energy Programmes
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.
BHP EOI for the provision of Geohazards and Geophysical Surveys
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.
Touchstone Exploration has announced that it spud the Cascadura Deep-1 well on October 27th 2020.
The Energy Chamber of Trinidad & Tobago (ECTT) recently signed a Memorandum of Understanding with Staatsolie Maatschappij Suriname N.V. (Staatsolie) to collaborate on building health, safety and environmental (HSE) capacity in the Surinamese oil & gas sector.
BHP Expression of Interest: Provision of the Identification Phase Concept Study for BHP's Deepwater Calypso Project
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.
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.
Touchstone Exploration Inc. announced that it has completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore Trinidad and has revealed that the well encountered significant hydrocarbon accumulations based on wireline log data.
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.
Shell EOI: Social Impact Assessment Services
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.
bpTT has announced that they have commenced work on the Matapal field development and the project is on track for first gas in 2022.
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.