T&T has a well-established carbon reduction target of 15% by 2030 across multiple sectors including power generation, industry and transport. The energy sector has been taking leadership in these areas with the two largest natural gas producers, bp and Shell committing to developing two gridscale renewable energy projects (with delivery projected for 2022— subject to negotiations).
However, when it comes to incorporating renewables into upstream operations, DeNovo Energy and Trinity Exploration recently announced their intention to introduce low carbon technologies into their facilities.
During the reading of the National Budget 2021–2022 the Minister of Finance, the Honourable Colm Imbert, made a step forward in attempting to reduce emissions from the transport sector in T&T.
The Chairman, Board of Directors and Executive office of the Energy Chamber would like to express their deep gratitude to Eugene Tiah who recently retired as Executive Chairman, Energy and Industrial Gases Business Unit Massy Energy.
Despite the disruptions caused by the COVID pandemic, Trinidad & Tobago’s gas industry has managed to deliver some major new projects over the past two years, with BHP’s Ruby project, Shell’s Barracuda and bp Trinidad and Tobago’s (bpTT’s) Matapal project being the most recent projects to come online.
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DeNovo Energy Limited (DeNovo) today announced that the company has awarded the contract for the construction, installation, and commissioning of its Zandolie Platform in Block 1 (a) to local construction company, United Engineering Services Limited (UESL).
Leading energy logistics company Peterson is delighted to announce the award of a contract with energy company DeNovo Energy Limited (DeNovo) for the Zandolie Development Project. The Zandolie Field, located in Block 1A, will be DeNovo’s second field development project, with the first gas expected in the first half of 2022.
ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels.
The Energy Chamber of Trinidad & Tobago welcomes the Minister of Finance’s commitment that the government will conduct a comprehensive review of our oil and gas taxation regime to ensure that we remain an internationally competitive hydrocarbon province. The Energy Chamber would welcome the opportunity to work closely with the government in this review process, that is vital to ensure the continued investment in upstream oil and gas production.
The National Energy Corporation of Trinidad and Tobago Limited (National Energy) signed a Memorandum of Understanding (MOU) with Methanex Trinidad Limited (Methanex) to conduct a feasibility study to explore the viability of methanol as an alternative fuel for transport in Trinidad and Tobago and the region.
Dassault Systèmes is seeking a partner in Trinidad and Tobago.
“The first appraisal well at Keskesi was a substantial step-out designed to assess the southern extent of the feature,” said Tracey K. Henderson, APA’s senior vice president, Exploration. “This location had the potential to confirm a very large resource in place if connected to the reservoir sands in the discovery well. However, suitable reservoir quality sands were not developed in the Campanian target at the Keskesi South-1 location. Data gathered from the well will be used to calibrate our geologic model and inform the next steps for Keskesi appraisal.”
The Board of Directors of the Energy Chamber of Trinidad and Tobago expresses deep sadness over the sudden passing of Mr Christian Tom Yew.
Proman has welcomed the UK Government’s commitment to push for a world-leading absolute zero target for international shipping emissions by 2050.
Heritage Petroleum Company Limited (Heritage) commemorates the successful drilling of the Royston-1 exploration well and is encouraged by the substantial hydrocarbon potential of the well and the prospectivity of the Herrera Sands. Heritage holds 20% working interest in the Ortoire Block joint venture, which is operated by Touchstone Exploration Inc (Touchstone).
Touchstone Exploration reported that the company has completed drilling the Royston-1 exploration well and is has announced that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data.
bp Trinidad and Tobago LLC (bpTT) confirmed its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic.
bp today announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president, gas and low carbon energy, and member of bp’s leadership team. Until recently she was chief executive officer of RWE Renewables, one of the world’s leading renewables businesses. Anja-Isabel will join bp on March 1st 2022.
The deadline for the Tax Amnesty granted under the Finance Act 2021, has been extended from 17 September 2021 to 01 October 2021.
Over the past few weeks, the Trinidad and Tobago media have reported on ‘mismanagement’ of NGC. While we at NGC support public education and information, it is unfortunate that the focus should be on the specific outcomes that did not deliver expected returns, rather than highlighting the positive investments that have positioned NGC for growth and success in an evolving energy landscape. These include stability of the sector at a time of significant decline, reduction in liabilities and exposure in the future, getting value across the entire energy value chain, and preparing for a green future. Each of those decisions was approached with the same rigour, with the same analysis of risk and return, and in compliance with established policies and procedures.
