All stories
Carbon market participants are optimistic that ambitious reforms will continue to drive compliance market prices higher in the coming years, while voluntary carbon stakeholders are confident that the market will grow to meet increasing demand for carbon reductions, according to IETA and PwC’s 18th annual GHG Market Sentiment Survey.
The National Gas Company of Trinidad and Tobago Limited (NGC) deepened its presence and participation along the local natural gas value chain, with its latest acquisition of shareholdings in several upstream gas assets. Following the execution of a Sales and Purchase Agreement in July 2021, NGC E&P Investments Limited - a wholly owned subsidiary of NGC - completed the acquisition of Heritage Petroleum Company Limited’s (Heritage’s) participating interest in the Offshore Blocks NCMA 4 (20%), Block 22 (10%) and Block 9 (100%), which are in Trinidad’s North Coast Marine Area (NCMA). It also acquired Heritage’s 19.5% shareholding in Point Fortin LNG Exports Limited (PFLE). Gas is sold to NGC for the Domestic market and to PFLE for the LNG export market.
EnergyNow Issue 44
Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is pleased to announce that it has been advised by the Government of Trinidad and Tobago Ministry of Energy and Energy Industries ("MEEI") that Trinity's application for the Buenos Ayres block offered in the 2022 Onshore and Nearshore Competitive Bid Round has been successful.
Touchstone Exploration Inc. announced that it’s wholly owned subsidiary, Primera Oil and Gas Limited (Primera) was awarded the Cipero onshore block in the Trinidad and Tobago 2022 Onshore and Nearshore Competitive Bid Round.
The Honourable Stuart R. Young, MP Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister delivers keynote address at the Energy International Summit of the Association of International Negotiators Under the theme- “Pursuit of Energy Security and Sustainability - A Caribbean Perspective” on June 1st, 2023 in Miami, Florida.
bpTT has announced the successful completion of the first phase of its “small pools” drilling campaign which began in October 2022. The campaign includes three wells in the Mango field, one well in the Savonette field and 3 wells in the Angelin field.
Chairman Michael Quamina SC and the Board of Directors of Heritage Petroleum Company Limited (Heritage) have selected Erik Keskula as the CEO of the Company. Mr. Keskula will serve as the CEO Designate for the period June 1st to June 13th and will assume full responsibility when Ms. Arlene Chow current CEO retires from the Company on June 13th, 2023.
After four years of service, Chief Executive Officer and veteran energy professional Arlene Chow will retire from Heritage Petroleum Company Limited (Heritage).
The Government of the Commonwealth of Dominica has signed a Framework Agreement that will initiate the first large-scale green hydrogen geothermal development in the Caribbean. This milestone agreement represents a material step taken by a Caribbean island to monetise its significant geothermal resources on a large scale, through its generation of green hydrogen and green electricity both for export and local consumption.
The sod-turning ceremony for T&T's first grid-scale renewable energy project was held yesterday at Brechin Castle. The ceremony marked the commencement of construction of the solar project which, when completed, will generate 112MW of renewable energy across two sites (Brechin Castle and Orange Grove), making it the largest project of its kind in the Caribbean.
Trinity Exploration has indicated in their operational update that wellsite preparation for the onshore deep Jacobin well is underway, with the well expected to spud in late April.
The Energy Chamber of Trinidad and Tobago is pleased to announce its recent achievement of certification of our quality management system to the ISO 9001:2015 international standard. The certification covers the management of Safe To Work (STOW) and individual personnel (PLEA) certification services, training services including occupational health and safety, professional and executive development as well as all our advocacy and support services to members of the Energy Chamber.
Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister the Honourable Stuart R. Young MP along with Permanent Secretary Mrs. Penelope Bradshaw-Niles and Deputy Permanent Secretary, Ms. Karinsa Tulsie of the Ministry of Energy and Energy Industries met with officials from Nutrien, Denbury and The National Gas Company Limited at the Ministry of Energy and Energy Industries International Waterfront Complex Head Office.
McDermott has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process. Under the contract scope, McDermott will provide comprehensive FEED services for a wellhead platform, export pipeline system, shore approach, midstream pipeline and onshore control room.
The Energy Chamber of Trinidad & Tobago was delighted to collaborate with the European Union and Caribbean Export Development Agency (Caribbean Export) in a webinar on the EU’s Carbon Border Adjustment Mechanism (CBAM) held earlier today. Dr. Thackwray Driver, President and CEO of The Energy Chamber of Trinidad and Tobago moderated the webinar with stakeholders across the Caribbean, many from the energy sector in T&T.
The PLEA HSSE Sub-Committee is pleased to advise that a review of the PLEA HSSE Study Guide and Assessment has been completed and the revised document is titled PLEA HSSE ASSESSMENT AND TRAINING GUIDE Version 3- 2022.
HDF Energy (Hydrogène de France) is delighted to announce the start of construction work on the world’s first mass production plant for high-power hydrogen fuel cells. Representing a major technological and industrial breakthrough, the plant, which has been pre-notified as an IPCEI1, will supply the French domestic and international markets in heavy marine and rail mobility and electricity generation for energy grids. Located on the site of the former Ford factory in Blanquefort near Bordeaux, the new plant will contribute to the reindustrialisation of France and Europe, the creation of local jobs and the exportation of French technology.
Touchstone Exploration Inc. reported that the company was notified by The National Gas Company of Trinidad and Tobago Limited that they expect to be ready to receive first gas from the Cascadura natural gas and associated liquids facility on or about June 30, 2023.
THE ENERGY CHAMBER’S flagship Trinidad & Tobago Energy Conference kicks off on the 23rd January 2023 at the Hyatt Hotel, Port of Spain. This is our first return to our traditional pre-Carnival slot since the pandemic and I am very excited about the conference this year, which looks like it is going to be one of the biggest and best attended editions ever, with a good number of new international visitors registering to attend. I always look forward to the Energy Conference and it is something in which I take great personal and professional pride.
