Ramps secures contract with Tullow for work in Suriname

Ramps secures contract with Tullow for work in Suriname

Ramps Logistics has been awarded a fully integrated contract with Tullow Oil for its upcoming drilling campaign in Block 47, Suriname. The company stated that the contract covers logistics and shore-based operations between Trinidad and Suriname.

Predator moves forward with CO2 recovery system in partnership with Massy Gas Products

Predator moves forward with CO2 recovery system in partnership with Massy Gas Products

Predator Oil & Gas Holdings Plc (Predator), the Jersey based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, has announced that the Permanent Secretary for the Ministry of Energy and Energy Industries has approved the use of the CO2 recovery system, installed and commissioned by Predator and Massy Gas Products, associated with the CO2 Pilot Project at the FRAM Exploration Gathering Station #4 in the Inniss-Trinity field.

Lightsource reveals details about the renewable energy projects in T&T

Lightsource reveals details about the renewable energy projects in T&T

In pursuit of achieving a target of 10% renewable energy in T&T, two solar projects will be built in Trinidad during the period 2021-2022. The developers of these projects are a consortium comprised of bpTT, Shell and Lightsource bp. The consortium is working with the government of Trinidad and Tobago to build the two projects which are located in Brechin Castle and Orange Grove. The projects are 92 megawatts and 20 megawatts respectively and will be among the largest in the region.

ExxonMobil discovers hydrocarbons offshore Suriname

ExxonMobil discovers hydrocarbons offshore Suriname

ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential.

Ortoire block continues to deliver

Ortoire block continues to deliver

Touchstone Exploration has once again confirmed the existence of natural gas deposits in the Ortoire Block in south east Trinidad. Touchstone’s latest well in its exploration drilling campaign, the Cascadura Deep-1 well, again discovered significant hydrocarbon accumulations. The company has stated that wireline logs indicated natural gas pay totaling approximately 1,315 net feet in four unique thrust sheets in the Herrera sands.

A future for the Point a Pierre refinery?

A future for the Point a Pierre refinery?

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…

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.