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Touchstone Exploration has announced that it has reached an agreement with Trinity Exploration and Production on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity.
The Honourable Stuart R. Young M.P. Minister of Energy and Energy Industries and Minister in the Office of thePrime Minister; Mrs. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries; Mr. Marc Rudder, Deputy Permanent Secretary at the Ministry of Energy and Energy Industries; along with Ministry of Energy and Energy Industries executives, Mr. Timmy Baksh, Director Energy Research and Planning; and Ms. Ayasha Nickie, Director Downstream Petroleum Management Division, met with a delegation representing the Government of Hungary led by His Excellency Mr. Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary. The meeting took place at the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head Office on Wednesday 17th April, 2024.
Honourable Stuart R. Young, M.P. Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Mrs. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries, met with bp executives at the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head Office, Port-of-Spain.
It is my pleasure and privilege to be here with you today as we convene to address one of the most paramount aspects of our industry – process safety. The Energy Chamber has taken a strategic decision to place a strong focus on process safety and to advocate for measures that will improve process safety (including asset integrity measures) in Trinidad & Tobago. This includes both measures to be taken by industry through joint efforts as well as measures to be taken by state regulatory agencies. It is also anticipated that the Energy Chamber will share experiences and lessons learnt with other countries in the Caribbean region.
Heritage Petroleum Company Limited (Heritage) has announced the commissioning of its latest offshore oil well, S-938, marking a significant milestone in its field development efforts. Situated within the Soldado East Field, S-938 has an expected average daily rate of 500 barrels of oil per day (bopd).
Mr. Colin Bain, Managing Director and President, Methanex Trinidad and Tobago provided an update on the global operations of the Canadian-based company with a special focus on its operations within Trinidad and Tobago. Discussions surrounded Trinidad and Tobago’s strategic position in Methanex’s global portfolio, as being poised to supply both the domestic blended fuel market and the global shipping markets.
SLB and ChampionX Corporation have announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors.
Reuters has reported that the government of Trinidad and Tobago has begun talks with the U.S., for a license that would allow the joint development of a natural gas project shared with Venezuela, that also involves bp, Energy Minister Stuart Young said on Thursday.
Stena Provident, one of six state-of-the-art methanol fuelled IMOIIMeMAX ships commissioned through the partnership between Proman and Stena Bulk, completed the first ever methanol bunkering at the Port of Savannah, in Georgia, US on 29th February 2024. The vessel, which is time-chartered by Bahri Chemicals, successfully loaded almost 1000 MT of methanol at Colonial Terminals’ Lathrop 2 facility, in an historic first for the port.
Prime Minister Dr. The Honourable Keith Rowley toured the Trinidad Offshore Fabricators Unlimited’s (TOFCO) fabrication yard in La Brea today where the Mento Platform is being constructed.
Massy Wood has secured a five‑year framework agreement with Shell Trinidad and Tobago (Shell), for the delivery of engineering projects and asset support in Trinidad and Tobago.
The Energy Chamber would like to recognise and highlight the significant role of some of its member companies in the wake of the recent oil spill off the coast of Tobago. The swift response and dedicated efforts of these member companies have played a pivotal role in containing the spill and minimising its impact.
Subsea7 announced the award of a large contract by Woodside Energy to provide subsea installation services for the Trion development. The field is located approximately 30 kilometres south of the US / Mexico border and 180 kilometres away from the Mexican coastline, at a water depth of 2,600 metres.
ExxonMobil Guyana has announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024.
A delegation led by the Trinidad & Tobago Minister of Energy, Honourable Stuart Young, and joined by representatives from bp, is in Venezuela to discuss the development of cross border gas fields.
Staatsolie Maatschappij Suriname N.V. signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil on Monday, March 4, 2024. The LoA is necessary for further exploration of the gas discovery made in 2020 with the Sloanea-1 exploration well in Block 52.
The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister led a high-level delegation from the Ministry of Energy and Energy Industries, representing the Government of the Republic of Trinidad and Tobago, to the 7th Gas Exporting Countries Forum (GECF), Summit, in Algiers, the Democratic Republic of Algeria.
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth, according to Shell’s LNG Outlook 2024.
ASCO has announced that the company secured a five-year contract with bp Trinidad and Tobago (bpTT).
“Collaboration” was a word that kept popping up at the Guyana Energy Conference this week, just as it did at the T&T Energy Conference a few weeks ago. In Georgetown this week there was a strong feeling of collaboration and cooperation between Guyana, the new oil giant and the worlds fastest growing economy, and Trinidad & Tobago, one of the worlds oldest oil producers and an important player in natural gas and petrochemicals. This was surely helped by the presence of the Trinidad & Tobago Prime Minster, Dr Keith Rowley, and the Minister of Energy, Stuart Young, and strong statements about regional integration from President of Guyana, Irfan Ali and other leaders from Guyana.
