EnergyNow Issue 40
You would not usually expect an energy conference to feature both the author of a historical novel and a painter, but we like to be a bit different at the Trinidad & Tobago Energy Conference. We are sure that Amanda Smyth (the novelist) and Krishna Persad (the painter) are going to offer something exciting and stimulating at this year’s edition of the Conference.
There is an unfortunate perception that there is little innovation that takes place in the Caribbean energy sector and that any new technology or new process improvements are simply imported from elsewhere. The Energy Chamber of Trinidad & Tobago’s inaugural Innovation and Technology Challenge suggests that this perception is misplaced.
Prime Minister, the Honourable Dr Keith Rowley has announced that a preferred bidder has been selected for the sale or lease of the state-owned Point-a-Pierre refinery in Trinidad & Tobago. The refinery was moth-balled in 2018, amidst a radical restructuring of Petrotrin, the integrated national oil company. The upstream portion of Petrotrin was spun off into Heritage Petroleum (one of the sponsors of the upcoming Trinidad and Tobago Energy Conference, 31st May – 2nd June 2022 while the refinery was put up for sale or lease.
Woodside shareholders have voted in favor for the merger with BHP Group's petroleum arm.
The 2021 Trinidad & Tobago deep-water bid round is set to close on 2nd June 2022 the final day of the Trinidad & Tobago Energy Conference 2022. The bid round consists of seventeen deep-water blocks located off the east and north coast of Trinidad & Tobago.
The theme of the T&T Energy Conference 2022 is ‘Leveraging the Industries Strengths for the Energy Transition”. We have carried this theme into our annual awards programme and have extended it further to also leverage Trinidad & Tobago’s extensive talents in the visual arts.
Subsea 7 announced the award of a sizeable1 project by BP for the TOPR project located offshore Trinidad and Tobago, in water depths of up to 280 feet.
Six-point plan to secure new natural gas supplies and maximise exports from Trinidad & Tobago: 2022 - 2030
ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.
Indian multinational and one of the world’s leading manufacturers of cryogenic equipment and solutions provider, INOXCVA has been awarded a contract by Caribbean LNG Inc. for Design, Engineering & Supply on a turnkey basis for a MiniLNG receiving and regasification terminal to be set up in Antigua, West Indies.
Shell is taking a 40% equity interest in two BHP exploration licenses in Barbados.
HDF has announced that it has acquired a 70% majority stake in the NewGen project in Trinidad, led by the local company Kenesjay Green Ltd ("KGL"). KGL, the project developer, will retain the remaining 30% of the share capital of NewGen, which will be jointly owned by KGL and an investment vehicle that will allow for the inclusion of additional local investors. HDF Energy is thus leveraging its technological expertise in hydrogen, its know-how in the development of green energy plants and its local presence in the Caribbean.
Hess Corporation has announced that it has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. Yellowtail, the fourth oil development and the largest on the Stabroek Block, is expected to produce approximately 250,000 gross barrels of oil per day starting in 2025.
Shell Trinidad and Tobago, announced that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.
The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a Gas Sales Contract (GSC) with local cement manufacturer, Trinidad Cement Limited (TCL). This agreement will govern the sale of natural gas to TCL and represents an important step forward for both companies after an extended period of negotiations. TCL has been one of NGC’s longest-standing customers for over 40 years. The conclusion of this GSC signals NGC’s commitment to the local manufacturing sector and bodes well for infrastructural development in Trinidad and Tobago and the region.
Energy Chamber expresses condolences to the family, friends and colleagues of Zephaniah Harripaul.
On 7th March 2022, Energy Chamber CEO, Dax Driver, presented to governmental officials from across the Americas on what the private-sector would like to see included in the upcoming Summit of the Americas, scheduled for June 2022 in Los Angeles, USA. Speaking on behalf of the Americas Business Dialogue working group on energy, Driver outlined the major policy areas that the group has recommended hemispheric leaders consider in their deliberations.
New agreement brings together the global integrator of container logistics and world-leading methanol producer to develop green methanol supply solutions at scale.
If the Caribbean Region is to address the challenge of climate change, we need to both “go faster and go bolder”, to borrow from a recent statement from Ben van Beurden, the Chief Executive of Shell. We simply do not have time to waste, and it is imperative that we act now and act quickly.