Arthur Alexander is Senior Health, Safety, Environment and Carbon (HSE+C) Manager at bpTT. Here he talks about the energy transition and what it has meant for the company.
bmobile recently announced the launch of its new Local Offshore Data Roaming Plan and its
Maritime Plan, two robust and reliable mobile offerings designed to provide continued connectivity
to people and businesses involved in offshore and maritime activity. The new plans, which give
access to 10 GB of roaming data, will provide customers with reliable, convenient and secure access
to their data services and mobile applications while at sea.
The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a Memorandum of Understanding (MOU) with a consortium comprising Globus Energy Group Trinidad Limited (Globus Energy), Corban Energy Group (Corban Energy), and Chester LNG, LLC (Chester LNG), to identify and screen technologies for micro and small-scale LNG development projects in the Caribbean. This MOU signing signals the commitment of all the companies involved to explore viable solutions to effectively manage energy security and low-carbon energy transition, and potentially expand the use of LNG across the region.
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 three wells in the Angelin field.
EOG Resources Trinidad recently provided a detailed update on its ongoing and planned drilling projects and production forecasts. Under its robust two-year drilling plan, approximately twenty wells are projected during the period of 2023–2025. To facilitate this, the Valaris 249-Gorilla VII will be doing the drilling. EOG Resources Trinidad thanked the Ministry of Energy and Energy Industries for its innovation and initiatives in facilitating and negotiating terms for the development of smaller fields that would bring higher volumes of natural gas to the energy market. The company also commended the willingness of the Government of Trinidad and Tobago to have commercial discussions on the monetisation of marginal fields and highlighted that Trinidad and Tobago remains an attractive territory for hydrocarbon investments.
The United States consortium, Lindsayca/CH4 (LNDCH4) undertaking the Wales gas-to-energy project is seeking goods and services from local suppliers as it pursues the massive West Bank Demerara (WBD) project.
The JPS Board of Directors has announced the appointment of Steve Berberich as the energy company’s new President & CEO, effective May 31, 2023.
Touchstone Exploration has announced that the company’s wholly owned T&T subsidiary company has entered into a second amended and restated loan agreement with its Trinidad-based lender providing for an additional US$7 million revolving loan.
Tax revenues as a share of GDP in Latin America and the Caribbean rebounded to their pre-pandemic level in 2021, amid an economic recovery and higher commodity prices, according to a new report.
Revenue Statistics in Latin America and the Caribbean 2023, released at the 35th Regional Fiscal Seminar in Santiago, Chile, revealed that the average tax-to-GDP ratio in the region rose by 0.8 percentage points (p.p.) in 2021 to 21.7%, which is the same level as in 2019, prior to the COVID-19 pandemic. The average tax-to-GDP ratio remained lower than the OECD average of 34.1% of GDP in 2021, by 12.5 p.p.
Located in Trinity’s Palo Seco Lease Operatorship area, the Jacobin well has been designed to test an extensive and lightly drilled Miocene-age deeper turbidite play mapped across the prolific southern onshore basin and will provide the company with critical new data on this extensive play and the wider Palo Seco acreage. Trinity has a 100% interest in the Palo Seco area sub-licences, where nine deeper prospects have already been mapped.
A DECADE AGO, when we first started holding a separate event to look at renewable energy and energy efficiency issues in Trinidad and Tobago, we got very limited participation. Back then we had the event on the third day of the annual T&T Energy Conference and if we got fifty people registering, we thought we had done well.
A detailed, European Union-funded, expert report was delivered to the Government of Trinidad and Tobago in May 2023, that outlined a pathway to enable wind-energy generation in the country. The report outlined in detail the steps that need to be taken to deliver 2 gigawatts (GW) of installed wind capacity by 2035, using both onshore and offshore wind locations. The report provides an excellent strategic plan to move forward with the development of wind energy, including all the policy, regulatory, and legislative changes that are required to move this initiative forward.
At the close of the 19th century, the city of New York was grappling with an urban crisis. With thousands of horses pulling carriages and cabs through its streets every day, millions of pounds of manure were being produced and deposited along its thoroughfares. Mechanisms for collecting and disposing of this waste could not keep pace, leading to a host of mobility, health, and sanitation issues.
Isn’t carbon leakage already addressed by EU’s Emissions Trading System (ETS)?
The ETS is the world’s first international emissions trading scheme and the EU’s flagship policy to combat climate change. It sets a cap on the amount of greenhouse gas emissions that can be released from industrial installations in certain sectors. Allowances must be bought on the ETS trading market, though a certain number of free allowances is distributed to prevent carbon leakage. That system has been effective in addressing the risk of leakage, but it also dampens the incentive to invest in greener production at home and abroad. The CBAM will progressively become an alternative to this. Under the EU’s new proposal for a revised ETS, however, the number of free allowances for all sectors will decline over time so that the ETS can have maximum impact in fulfilling our ambitious climate goals. Furthermore, for the CBAM sectors, the free allowances will gradually be phased out as from 2026.
I am delighted to welcome you to our annual Caribbean Sustainable Energy Conference. This is the event where we really get into the details of the energy transition and what companies, governments and other stakeholders need to do to meet the challenge of providing the world with secure, affordable, low carbon electricity, fuels and petrochemicals.
We have themed this year’s conference “From Ideas to Action” because we want the next three days to focus on the actions that we need to take to meet this challenge.
Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafter. Helped by strong growth in the midstream part of the industry to liquefy, transport, and re-gasify natural gas, overall oil and gas spending will stay above $920 billion annually on average for the 2022–2028 period.
Alongside the increasing demand for electricity being driven by economic growth, the global demand for sustainable heat is also increasing. This demand has led to a growing trend in the use of geothermal resources for heating and cooling applications where technically and economically feasible.
“Today, we are seeing strong momentum behind energy efficiency. Countries representing over 70% of the world’s energy consumption have introduced new or improved efficiency policies since the global energy crisis began over a year ago. We now need to push into a higher gear and double energy efficiency progress by the end of this decade. I believe this major global conference, which I’m delighted to co-host with French Minister Pannier-Runacher, can be a vital impetus for accelerating ambition and action.”
Rules, procedures, and guidelines continue to be essential elements, but they mean less if they are not embraced by crew, or if they don’t become ingrained in the safety culture of a company. This will lead to a deeper awareness of the safety hurdles and a more comprehensive understanding of new technologies.
At what temperature should the air conditioner be set to get the best cooling effect during the heat season, while still using the least amount of electricity?
Households place a high demand on air conditioners because of the heat. The air conditioner will not provide the best cooling effect and will also result in significant power loss if not used properly.
So, what is the most efficient and cost-effective way to use an air conditioner?