bp Trinidad and Tobago officially welcomes David Campbell into the role of president of the company.
Minister of State in Foreign Trade and Business, Sandra Husbands has announced that Barbados will open its Offshore Licensing Bid Round in the coming months.
The Energy Chamber welcomes measures put in place by the Ministry of Finance to improve the fiscal environment under which the upstream energy sector companies operate in Trinidad and Tobago. We wish to thank the Minister of Finance, Hon. Colm Imbert for collaborative engagement with the Energy Chamber toward making these changes.
bp Trinidad and Tobago (bpTT) has confirmed that it is proceeding with the development of its Cypre offshore gas project. This decision followed recent meetings of Trinidad and Tobago’s Prime Minister Dr Keith Rowley, bp CEO Bernard Looney and incoming President for bpTT David Campbell where they discussed accelerating the project’s sanction.
The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young MP, attended a contract signing ceremony between NGC and bpTT. The Honourable Minister of Energy and Energy Industries congratulated both NGC and bpTT on negotiating, in a collaborative manner, a new gas supply contract which secures future gas supply to the National Gas Company of Trinidad and Tobago (NGC), this gas will be utilized for the downstream petrochemical sector and electricity production.
Contractor and service company members of the Energy Chamber of Trinidad & Tobago received detailed information about future plans and opportunities to do business with the major upstream operating companies in Trinidad & Tobago at a virtual session on September 22, 2022. The operator companies provided members with details of possible future scopes of work and the sort of services and equipment that they would need to procure.
Shamrock HSE, a member of the Energy Chamber, participated in the Shaping The Future of Innovation programme, which is a partnership between the Government of Trinidad and Tobago through the Ministry of Planning and Development, the European Union (EU) and the Inter-American Development Bank (IDB) Lab, in collaboration with the Caribbean Industrial Research Institute (CARIRI) as the project implementing partner.
UN Secretary-General António Guterres has appointed Simon Stiell as the new Executive Secretary of the United Nations Climate Change Secretariat based in Bonn, Germany. The appointment has been endorsed by the Bureau of the UN Framework Convention on Climate Change (UNFCCC).
With Europe pushing hard to reduce their reliance on Russian gas, in the aftermath of the invasion of Ukraine, Trinidad & Tobago’s Liquified Natural Gas (LNG) exports have come into the geopolitical spotlight, and this has also brought the issue of Venezuelan gas exports to Trinidad back onto the agenda.
bp Trinidad and Tobago (bpTT) today announces the arrival of the Joe Douglas Jack Up rig. The drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas. The rig will be proceeding to our Mango drilling site – situated approximately 48km off the Galeota Point on Trinidad’s southeast coast – to commence our drilling programme in early October.
EnergyNow Issue 41 - Available now
APA Corporation has announced an oil discovery offshore Suriname at Baja-1 in Block 53. The company also provided an update on recent drilling operations at Dikkop-1 in Block 58.
In last year’s national budget statement, the Minister of Finance announced that the Government would undertake a comprehensive review of upstream fiscal terms. Speaking shortly after the budget announcement at the Energy Chamber’s annual policy review forum, the Minister of Energy announced that the review would be completed by the end of the first quarter of 2022. As of July 2022, this review has not been completed.
The NGC Group (The Group) of Companies’ financial performance for 2021, demonstrated a significant turnaround in profitability, as it successfully navigated the global energy landscape during that year. The Group recorded a profit of TT$2.6B for the financial year ended 31 December 2021. This profit is a far cry when compared to the loss of TT$2.1B in 2020. The Group’s revenues of TT$23.6B were TT$12.2B greater than revenues of TT$11.4B for 2020.
Local content is often an emotive issue. It can often get caught-up with ideas about identity and complicated by political positioning. The noise around local content can drown out any proper policy analysis.
Touchstone Exploration has announced that the Trinidad and Tobago Environmental Management Authority (EMA) has confirmed that no further information is required regarding the Cascadura Environmental Impact Assessment (EIA). The Cascadura EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to conduct development operations within the Cascadura area of the Ortoire block.
The Honourable Stuart R Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister visited Caracas, Venezuela on Friday 5th August, 2022 where he conducted a number of high level meetings with key members of the Bolivarian Republic of Venezuela’s Government.
The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) have deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. On August 4 th 2022, both companies signed a non-binding Heads of Agreement (HOA), which outlines the framework for the establishment of Binding Definitive Agreements between the relevant parties, once acceptable terms can be reached.
TechnipFMC has been awarded a significant. contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas to Energy Project in Guyana.
Touchstone Exploration has announced that the Company has summitted a notice to residents in the community that the Coho gas facility and pipeline will commence pre-commissioning and commissioning operations.