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Trinity Exploration and Production (Galeota) conducted its second Public Consultation for the proposed Galeota Asset Development (GAD) Project as part of the certificate of environmental process (CEC). Trinity has made the application to the regulator in Trinidad and Tobago, the Environmental Management Authority (EMA).
Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and appraisal project in Suriname’s Block 58.
IN February last year, bp introduced its Net Zero ambition. That was followed by its announcement that the company intended to transition from an International Oil Company to an International Energy Company. Last July, bp VP of corporate operations Giselle Thompson spoke with Energy Now about the company’s Net Zero ambition. Here she speaks about how the transition is progressing and what has changed since July.
New Fortress Energy Inc announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. (“Hygo”), a 50- 50 joint venture between Golar LNG Limited (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), and Golar LNG Partners, LP (“GMLP”).
“With a strong presence in Brazil and a world-class LNG shipping business, Hygo and GMLP are excellent additions to our efforts to accelerate the world’s energy transition,” said Wes Edens, Chairman and CEO of NFE. “The addition of Hygo will quickly expand our footprint in South America with three gas-to-power projects in Brazil’s large and fastgrowing market. With GMLP, we gain LNG ships and world-class operators that are an ideal fit to support our existing terminals and robust pipeline.”
“We are impressed with what Wes Edens and the NFE team have created and their commitment to changing the energy industry,” said Golar LNG Chairman Tor Olav Troim. “They share our vision to provide cheaper and cleaner energy to a growing population. The consolidation of two of the entrepreneurial LNG downstream players gives the company improved access to capital and creates a unique world-leading energy transition company which Golar shareholders will benefit from being a part of going forward.”
“Tor Olav Trøim and his teams have been pioneers in the global shipping and energy industries,” continued Edens. “The addition of this great portfolio of assets enhances our fully integrated approach and we’re excited for them to become part of NFE. This is a great step towards our goal of finishing this year with fifteen to twenty terminals that bring more clean and affordable energy to growing markets around the world.”
With the acquisition of Hygo, NFE will acquire an operating floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1500MW power plant in Sergipe, Brazil as well as two other FSRU terminals with 1200MW of power in advanced stages in Brazil. Hygo’s fleet consists of a newbuild FSRU and two operating LNG carriers.
NFE will also acquire a leading owner of FSRUs and LNG carriers as well as a pioneer in floating liquefaction technologies with the GMLP transaction. The addition of GMLP’s fleet of six FSRUs, four LNG carriers and a 50% interest in Trains 1 and 2 of the Hilli, a floating liquefaction vessel, is expected to support both NFE’s existing facilities and international project pipeline.
In the previous quarter, energy services companies continued to report drastic falls in value and volume of business. In this quarter, the trend continued and 69% of responding companies indicated the value and volume of business was below normal. This is a slight improvement from 75% in last quarter.
DNV GL, the assurance and risk management company, has announced that it will change its name to DNV on 1 March 2021. The move comes after a comprehensive review of the company’s strategy as it positions itself for a world in which many of DNV’s markets are undergoing fundamental change.
The International Emissions Trading Association (IETA) has indicated that it welcomes the decision by the Executive Board of the Clean Development Mechanism to temporarily extend CDM operations past the end of 2020. This means that projects can continue to operate while negotiators complete the rulebook for Article 6 of the Paris Climate Agreement and decide on the future of the CDM at COP26 in Glasgow next year.
According to NGC, the MOU which spans three years, activates the following: (a) Research and development of solutions to measure and monitor GHG and CH4 emissions using satellite and other data for Trinidad & Tobago’s industrial assets, with the option to expand regionally; (b) Promotion of further cooperation between the signatories in GHG and CH4 emissions measurement research; (c) Exchange of information on GHG and CH4 emissions measurement technologies, research, and strategies.
According to Predator, the Pilot CO2 EOR programme is designed to demonstrate safe injection of anthropogenic CO2 ; to allow for sufficient lag time postinjection for reservoir pressure to stabilise; to collect oil viscosity data; and to use the results to evaluate and calibrate the pre-injection desk-top production forecast and the CO2 EOR commercial model. Pilot CO2 EOR is focussed on a single reservoir sand of the five producing Herrera reservoirs in the Inniss-Trinity Field, the Herrera #2 Sand, and a part of the field, the "AT-4 Block", representing approximately 10% of the total area potentially available for CO2 EOR injection.
At most major Energy Chamber conferences, I find that there is one simple phrase that really sticks with me and I end up thinking about a lot in the days and weeks after the event. At the 2021 Energy Efficiency and Renewables Conference it was a simple statement from Prof. Avinash Persaud, advisor to the Prime Minister of Barbados, who reminded us all that “just because something is obvious, does not mean it will happen”.
It is time to bring an end to the subsidy provided by the natural gas industry to Trinidad & Tobago’s electricity sector. While it is the National Gas Company who must provide the gas to T&TEC at rates way below the market price, the cost of this subsidy is indirectly borne by all of the players in the gas value chain. And while households, businesses and Government departments have all enjoyed the benefits of this subsidy, cheap electricity has meant that people are very wasteful in using electricity and the economy is very energy inefficient.
BHP announced in its operational review that the Ruby project in Trinidad is on schedule and budget.
The Ruby project is intended to be five production wells tied back into existing operated processing facilities, with capacity to produce up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day.
One year ago, NewGen Energy Limited (NewGen) was publicly launched at the Trinidad and Tobago Energy Conference, hosted by the Energy Chamber of T&T. NewGen, headed by Philip Julien, promises to be the first hydrogen production facility in Trinidad and the first green field facility in Pt Lisas in many years.
Now available: EnergyNow Issue 35
BPC has confirmed that hydrocarbons were encountered while drilling the Perseverance #1 well in The Bahamas. Additionally the company has indicated that the well successfully validated the structural model and the petroleum system, and drilled a majority of the potential reservoirs of interest, thus fulfilling the core technical objectives of the well.
However, according to a release from BPC, whilst the well encountered oil, indicated from LWD (Logging while drilling) tools, gas chromatography and mud logs, commercial volumes of oil have not been proven at this well location.
I would like to talk to you about Proman’s commitment to sustainability, and our ambitions for the future of the energy sector in Trinidad and Tobago.
We are meeting a mere seven months since the last conference and yet, such is the nature of life these days, a lot has changed in that time. In June we were in the middle of a lockdown here in Trinidad. While the world continues to grapple with COVID-19 there is some hope in the form of vaccines that are becoming available. The creation of COVID-19 vaccines has lessons for us as we confront climate change – it shows what can happen if there is alignment behind a clearly defined goal with a sense of urgency and purpose. It also demonstrates that more than one solution is needed to tackle global issues – and that includes climate change.
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It gives me great pleasure to welcome you to the Energy Chamber’s 5th Annual Energy Efficiency and Renewables Conference. This is the second time that we are conducting the conference virtually and I’m pleased to have heard from Dax that there are over 450 in attendance – thank you all, this is a positive indicator that Dax and his team are doing a great job and that more of us are recognizing that the future sources of energy and their transformation to electricity and other forms that are useful for society, will be different and we’re all tuning in to contribute and to seize opportunities that will arise.
Ladies and gentlemen, I am indeed honoured to have been asked to join you today for what has become a staple feature of the energy industry. I dare say that, perhaps more than any other industry, your Energy Conference and now this offspring, have withstood the test of time. The irony of us gathering virtually, rather than in person, for a conference that discusses our transitioning away from reliance on fossil fuels, is not wasted.
