Continuing its strategic focus to develop a world-class energy portfolio, The National Gas Company of Trinidad and Tobago Limited (NGC), through its wholly-owned subsidiary NGC Caribbean Investments Limited (NCIL), is pleased to announce the acquisition of Heritage Petroleum Company Limited’s Non-Operated Joint Venture (NOJV) participating interest in Block 3(a), off Trinidad’s east coast. As a result of this acquisition, NGC has increased its participating interest in the block from 11.41% to 31.54%. NGC will now have access to additional equity crude, which will bolster its marketing and trading portfolio. As announced in July 2020, NGC previously executed a Gas Sales Contract with BHP to purchase 100% of the gas produced from Block 3(a) to add to its existing portfolio of natural gas supply.
Shell Brazil Holding B.V. (Shell), a subsidiary of Royal Dutch Shell plc, today marks the start of trading in shares of Raízen S.A. (Raízen), the renewable energy joint venture between Shell and Brazilian energy company Cosan, on the São Paulo Stock Exchange (B3), following the successful execution of an initial public offering (IPO).
The Board of Woodside has appointed acting CEO Meg O’Neill as the company’s Chief Executive Officer and Managing Director.
Ms O’Neill succeeds Peter Coleman who retired from Woodside in June 2021. The appointment is effective immediately.
The study found that the production of green hydrogen and green ammonia using renewable energy is technically feasible at scale in Australia. Its findings also support bp’s conviction that, with its vast potential solar and wind resources, existing infrastructure and proximity to large, long-term markets, Western Australia is an ideal place to develop large scale renewable energy assets that can in turn produce green hydrogen and/or green ammonia for domestic and export markets.
Frontera Energy Corporation and CGX Energy announced the spudding of the Kawa-1 exploration well, offshore Guyana.
The Kawa-1 well is located in the northeast quadrant of the Corentyne block, approximately 200 kilometers offshore from Georgetown. The water depth is approximately 355 meters (1174 ft) and the expected total depth of the Kawa-1 well is 6,685 meters (21,932 ft).
Trinidad and Tobago’s transition to renewable energy was given a boost today with the announcement of the 12 finalist sites chosen to receive installations of small-scale roof-mounted Solar Photovoltaic (PV) solar panels, capable of supplying energy for power generation. The announcement was made by the Global Climate Change Alliance Plus (GCCA+) Project Team at the United Nations Development Programme (UNDP) in Trinidad and Tobago. These installations form part of a EUR 2.4 M project entitled ‘Support to the Implementation of Trinidad and Tobago’s Nationally Determined Contribution’, designed to assist the country on a low carbon path, and increase its climate resilience in keeping with its stated targets and committments under the 2015 Paris Agreement.
The National Gas Company of Trinidad and Tobago Limited (NGC) together with its subsidiaries (collectively the Group) announced a profit of TT$$437M which represents an uplift of 292% compared to with the restated loss of TT$228M for the same period in 2020. Cumulatively for 2021, The Group’s financial performance compares favourably with the first half of the previous year and signals a trend of improvement that is expected to continue based on current market conditions.
On February 1, 2021 the Ministry of Works and Transport (MOWT) in collaboration with the Ministry of Trade and Industry (MTI) commenced the development of a National Maritime Policy and Strategy for Trinidad and Tobago. The project is currently in the stakeholder validation phase.
The Energy Chamber of Trinidad & Tobago has noted the recent announcement concerning the merger of BHP’s Petroleum Division with Australian independent gas producer, Woodside, subject to negotiations and regulatory approval.
Leading UK port operator, Global Energy Group (“GEG”) announced that it has entered into an agreement with Swiss-based integrated energy company Proman to develop a renewable power to methanol plant utilising local sources of captured carbon dioxide (“CO2“) to be located at the Nigg Oil Terminal in the Highlands of Scotland.
BHP has announced its intent to create a global top 10 independent energy company through an agreement to pursue a merger of BHP’s petroleum business with Woodside
Merging BHP’s Petroleum assets with Woodside will unlock synergies and increase value and choice for BHP shareholders. The combined business will offer ongoing value during the energy transition.
Aquaterra Energy, has completed the engineering design for a renewable-powered Sea Swift offshore platform for DeNovo Energy Limited. The offshore platform is part of the development activity for the Zandolie field, located in the Gulf of Paria, off the west coast of Trinidad and is scheduled to be installed in Q4 2021.
NGC Advisory to Operators and Fisherfolk: Guayaguayare Bay and Surrounding Areas - Inspection, Evaluation and Maintenance Works on NGC's 24-inch pipeline.
The National Gas Company of Trinidad and Tobago Limited (NGC) has published its 2020 Annual Report, themed ‘Embracing Opportunity, Creating Value’.
bp announced that it has agreed Memoranda of Understanding (MoUs) with a series of new potential customers for its proposed clean hydrogen production facility in Teesside in north-east England.
The World Bank Board of Executive Directors approved US$21.9 million for the Renewable Energy Sector Development Project for Saint Lucia. This grant financing will help the Government of Saint Lucia assess the viability of its geothermal resources for power generation and strengthen the business environment for the private sector to pursue clean energy projects.
The Board of Directors of the Energy Chamber of Trinidad and Tobago expresses deep sadness over the sudden passing of energy pioneer Bruce Dingwall.
Advisory to Energy Chamber members on implementing workplace vaccination policies
The issue of workplace vaccination policies is at the forefront of many employers’ minds.
Having a fully vaccinated workforce is the best way to protect all employees, customers, contractors, and other visitors to any work site.
There is positive news for the downstream sector as The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Consolidated Gas Supply Contract (CGSC) with Methanol Holdings (Trinidad) Limited (MHTL), part of the Proman family of companies. This contract will support operations at the MHTL Methanol Complex, which includes the mega-methanol M5 plant, one of the world’s most efficient low carbon methanol producers. Where in the past each of MHTL’s plants was supplied under individual gas sales contracts, the CGSC is a single contract which will govern the sale of gas to the entire complex. This new approach will streamline and enhance contract administration, relationship management, logistics and planning, and give flexibility to MHTL to manage its supply in the most efficient manner.
DeNovo Energy Limited (DeNovo) and the National Gas Company of Trinidad and Tobago (NGC) announced the signing of the Zandolie Field development Gas Sales Contract (GSC) for commercialisation of the Zandolie Field located in Block 1(a).
