All stories
US supermajor Exxon intends to produce crude from deepwater Guyana onto floating production storage and offloading vessels (FPSOs). Exxon has had extraordinary success in Guyana with almost 20 discoveries since May 2015. The company began production in December 2019 from the Liza Phase 1 development using the SBM Liza Destiny FPSO.
Mr. Philip Julien – Chairman of Kenesjay Green and Managing Director of NewGen Energy, today shared in his company’s vision for greener energy supply and the rapidly growing global demand for New Carbon-free Green Hydrogen. He also gave insights into the opportunity for T&T to establish itself as a firstmover hydrogen differentiator and to build on the country’s legacy in the global energy space. Mr. Julien was addressing the audience on Day Two of the annual Energy Conference 2021.
The publishing of NGC’s 4th consecutive annual Sustainability Report signals the Company’s unwavering commitment to completely integrate Sustainable Development Goals (SDGs) in its business operations. The Report gives a transparent account of NGC’s economic, environmental, and social impact for 2020. The report works in tandem with the Company’s strategic shift towards building sustainability and data-driven decision making - the importance of which became even more apparent while tackling the challenges presented by the COVID-19 pandemic.
The 2021 Energy Conference was the launchpad for an innovative website that underscores The NGC Group’s unrelenting thrust towards sustainability and reinforces its role in driving the Green Agenda conversation as the energy industry, both locally and internationally, ‘reinvents’ itself. Launched by NGC’s President Mark Loquan, CariGreen is a portal that will provide information on available opportunities, planning, energy markets and technology developments within the clean energy space for the Caribbean region.
Integration of the Caribbean energy services markets could help to make businesses more competitive and reduce costs for project development and hence, eventual prices to consumers. This should be a focus for CARICOM in the implementation of the Single Market and Economy.
Recently, Touchstone Exploration released their operational review in Trinidad which includes an update on several of the companies activities in T&T. According to the review, the company has indicated that the Royston-1 well will be spud in the 2nd week of June 2021, despite current COVID-19 restrictions.
Challenger Energy Group has announced the successful commencement of drilling at the Saffron-2 well onshore in Trinidad.
According to the company, a successful Saffron-2 well could produce between 200 to 300 bopd.
On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is to be able to attract investment in the future, especially in the context of the global energy transition.
In his first formal presentation to the annual Trinidad & Tobago Energy Conference, newly appointed Minister of Energy, the Honourable Stuart Young, told the energy industry that his focus was on bringing oil and gas resources to market as quickly as possible. Earlier in the day Prime Minister Keith Rowley said that the Government recognised given the energy transition was firmly underway, oil would probably have a shorter shelflife than natural gas. In line with this observation, Minister Young indicated that the Government was working with a horizon of 2028 to maximise oil production.
EnergyNow Issue 37
This conference is taking place in a very challenging time for all of us, in the midst of the world’s worst health crisis in over a century. I would like to start by acknowledging the pain and suffering that this pandemic has caused for many people, all around the world. I would also like to recognise first and foremost, the hard-working frontline health care workers whose experiences I think most of us would find impossible to truly understand. And to all other essential workers, including those in the Energy Sector for their commitment in keeping the lights on and the economy going, albeit at a reduced pace. We thank each and every one of you.
I am once again honoured to deliver the feature address at the Trinidad and Tobago Energy Chamber’s annual Energy Conference. I must express my congratulations to the Energy Chamber for adapting to the current situation so well over the past year, and for persevering to bring us all together for yet another year of healthy discourse on the energy sector, in a safe way. Allow me to extend a warm and special welcome to my CARICOM colleagues, the Honourable Andrew Holness, Prime Minister of Jamaica and President Irfan Ali of Guyana, as we discuss the Caribbean’s energy transition.
I am pleased to participate in this year’s Energy Chamber Conference as the Minister of Energy and Energy Industries at an exciting and pivotal time not only in Trinidad and Tobago’s energy history but at a time when the global energy sector is rapidly evolving, literally, before our eyes.
Over the past few months, there has been a lot of commentary in Trinidad and Tobago questioning whether or not the country’s energy industry has a future. The spectacular rise of the oil industry in Guyana and the exploration success in Suriname has shifted the centre of gravity for Caribbean hydrocarbons south-east, while the climate change and the urgent need to decarbonise the global economy has people worried if hydrocarbons have much of a future at all.
The National Gas Company of Trinidad and Tobago Limited (NGC) recently signed two contracts with downstream petrochemical plants. Over the past year, several natural gas contracts expired and negotiations were initiated to renew the contracts to ensure the natural gas supply to those petrochemical facilities.
EnergyNow Issue 36
The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a Gas Sales Agreement with Trinidad Nitrogen Company Limited (TRINGEN).
Invitation to Bid: NP Refurbishment of Jetty Infrastructure
The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young, M.P., held a meeting with BHP Executives, Vincent Pereira outgoing Country Manager, and Michael Stone, incoming Country Manager today (Tuesday 4th May 2021) to discuss BHP’s operations in Trinidad and Tobago, including the on-going transition from Mr. Pereira to Mr. Stone at the helm of BHP’s Trinidad and Tobago operations.
The Energy Chamber of Trinidad & Tobago has noted the alarming rise in COVID-19 cases and the potential of the current case load to overwhelm the parallel healthcare system. We urge all of our members to take the current situation very seriously and to ensure that all workplace measures to prevent the spread of COVID-19 are fully implemented and that their employees and contractors fully comply with all Ministry of Health guidelines and all relevant COVID-19 protocols. Member companies are also asked to ensure that all their employees are fully informed of the utmost importance of complying with any site or facility specific COVID- 19 protocols.
