The NGC Group and SWMCOL sign MOU

The NGC Group and SWMCOL sign MOU

The NGC Group of Companies has marked yet another significant milestone in its Green Agenda. The National Gas Company of Trinidad and Tobago Limited (NGC), NGC CNG Company of Trinidad and Tobago Limited (NGC CNG) and National Energy Corporation of Trinidad and Tobago (National Energy) (The NGC Group), signed a Memorandum of Understanding (MOU) with The Trinidad and Tobago Solid Waste Management Company Limited (SWMCOL) on Monday 13th September 2021. The MOU will explore opportunities to capture and commercialise landfill gas for use such as the provision of carbon-negative, renewable compressed natural gas.

The agreement signals the Group’s commitment to driving sustainability through strategic partnerships that will leverage opportunities of innovation in carbon capture. NGC has long recognised the need for transformative-thinking and looking beyond its traditional business model and current energy mix to create real impact within the clean energy space. It is well-positioned to take a leading role as the energy landscape transitions to a low-carbon energy future, locally and internationally.

Through this newly formed partnership with SWMCOL, The NGC Group will seek to identify and quantify methane emissions from existing landfills and determine ways to monetise this under-valued source of bio-fuel and green energy. Additionally, the captured methane emissions can potentially be used to fuel SWMCOL’s fleet of vehicles and other official government fleets.

The MOU is one in a suite of Green Agenda projects and partnerships that NGC and its subsidiaries are executing. These include green hydrogen; solar PV project; monitoring of methane emissions through satellite, drone and infra-red technology; carbon sequestration studies in partnership with The UWI; climate change mitigation opportunities in partnership with UTT; membership in the Oil and Gas Methane Partnership (OGMP); an energy efficiency mobile application, Energy SmarTT; and most recently, the launch of a green energy information hub, the CariGreen Website.

At the signing, NGC Group Chairman Conrad Enill remarked: ‘Through this partnership with SWMCOL, The NGC Group is not only poised to make a difference as the nation embarks on its energy transition journey, but to also create new commercial revenue streams for Trinidad and Tobago. NGC will continue to strengthen its Green Agenda thrust by seeking out new and forward-thinking opportunities to support the nation’s sustainability development goals and actions toward climate change.’

The MOU signing event can be viewed using the link https://youtu.be/A8hVvR_T07M

Hess Announces Oil Discovery at Pinktail, Offshore Guyana

Hess Announces Oil Discovery at Pinktail, Offshore Guyana

Hess Corporation announced another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality oil bearing sandstone reservoir. Pinktail is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase 1 development, which began production in December 2019, and 3.7 miles (6 kilometers) southeast of Yellowtail-1. Pinktail was drilled in 5,938 feet (1,810 meters) of water by the Noble Sam Croft.

bp EVP Dev Sanyal emphasizes commitment to T&T

bp EVP Dev Sanyal emphasizes commitment to T&T

Dev Sanyal, executive vice president Gas and Low Carbon Energy, bp - has emphasized bp’s commitment to the continued development of its Trinidad and Tobago business.

Sanyal had a virtual meeting with Minister of Energy and Energy Industries the Hon Stuart Young on Tuesday (Sept 7).

Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship

Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship

Transocean Ltd. (NYSE: RIG) announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a significant performance bonus opportunity based upon agreed operating metrics.

Minister Young meets with High Commissioner for Canada

Minister Young meets with High Commissioner for Canada

Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young M.P. met with the High Commissioner for Canada, His Excellency Kumar Gupta to discuss bilateral arrangements between both countries and energy related matters.

Green ammonia from HEGRA to secure Norwegian competitiveness

Green ammonia from HEGRA to secure Norwegian competitiveness

Yara announced the launch of HEGRA at Herøya, Porsgrunn, with former Statnett CEO, Auke Lont as Chairman. The company aims to electrify and decarbonize the ammonia plant at Herøya, enabling large-scale green ammonia production. «HEGRA» is short for HErøya GReen Ammonia, and is co-owned by Yara, Aker Clean Hydrogen and Statkraft each owning 1/3.

NGC expands energy portfolio with additional 20% participating interest in Block 3(a)

NGC expands energy portfolio with additional 20% participating interest in Block 3(a)

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.

Meg O’Neill appointed as Woodside CEO

Meg O’Neill appointed as Woodside CEO

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.

bp study confirms feasibility of large-scale production of green hydrogen and green ‎ammonia using renewable energy in Australia

bp study confirms feasibility of large-scale production of green hydrogen and green ‎ammonia using renewable energy in Australia

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.

CGX Energy and Frontera Energy spud Kawa-1 Exploration Well Offshore Guyana

CGX Energy and Frontera Energy spud Kawa-1 Exploration Well Offshore Guyana

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).

12 sites identified in Trinidad and Tobago for GCCA+ Solar Photovoltaic (PV) installations

12 sites identified in Trinidad and Tobago for GCCA+ Solar Photovoltaic (PV) installations

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.

NGC Group’s financial performance continues to strengthen in 2021

NGC Group’s financial performance continues to strengthen in 2021

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.