Staatsolie EOI for Waste Oil
The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met with His Excellency Balázs Heincz, Ambassador of Hungary to the Republic of Trinidad and Tobago, at the Ministry of Energy and Energy Industries’, International Waterfront Complex, Head-Office, on 12th July, 2024.
The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met separately, with representatives of the diplomatic missions of Brazil and Jamaica respectively, at the at the Ministry of Energy and Energy Industries’, International Waterfront Complex Head-Office, on 9th July, 2024.
The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met with DeNovo Energy Limited executives at the at the Ministry of Energy and Energy Industries’, International Waterfront Complex Head-Office, on 9th July, 2024.
The Energy Chamber of Trinidad & Tobago warmly welcomes the news that the final investment decision (FID) has been taken by Shell for the development of the Manatee field.
Based on the priorities in the Technology Needs Assessment, Trinidad and Tobago has secured the first ever Green Climate Fund support for a carbon capture and storage project.
Shell has announced that it has taken Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.
Official needs list from St Vincent and the Grenadines
The Joint Chambers of Trinidad & Tobago have delivered a variety of hardware items requested by NEMO in St Vincent to support relief efforts. This includes tarpaulins, wheelbarrows, shovels, rope, plastic sheeting, water boots, safety vests, cutlasses and plywood.
The Joint Chambers of Trinidad & Tobago took delivery of five chainsaws earlier today for onward delivery to the Government of Grenada for post hurricane recovery efforts. One chain saw was donated by supplier COTEEL of San Fernando and four additional units purchased by the Joint Chamber with funds donated by member companies and member of the public.
The Energy Chamber has been working closely with our partners in the Joint Chambers in Trinidad & Tobago, the ODPM and the Government of T&T in our response to the disaster caused by Hurricane Beryl. We are also coordinating with our partner Chambers in St Vincent and Grenada through CARICHAM.
For over a century, fossil fuels have played a crucial role in fueling the economic, industrial and societal development across the globe. However, given the challenges of climate change, linked in part to the burning of fossil fuels, diversifying the global energy mix to include cleaner alternatives such as renewables and nuclear energy has gained widespread acceptance as the way forward to limit global temperature increase to 1.5°C in accordance with the Paris Climate agreement. Energy sources such as solar and wind provide a pathway to green energy and are rapidly increasing in scale and application. However, biofuels, another potential source of renewable energy, are often overlooked in the green energy discussion.
HDF Energy has announced the inauguration of the world’s first plant to manufacture 1MW+ fuel cells. This industrial site is dedicated to the decarbonisation of heavy maritime and rail mobility, as well as the production of electricity for public power grids. With 80% of its production destined for export, the factory is also stimulating the local economy by creating jobs, thereby contributing to the reindustrialisation and industrial sovereignty of Europe.
The European Union has begun the process of introducing new taxes on imports of some petrochemicals and other products (such as cement) based on the carbon emissions associated with the particular product. Other major economies will follow suit, with the United Kingdom already beginning implementation of these taxes, called Carbon Border Adjustment Measures (or CBAMs). As the name suggests, the measures are aimed to address carbon leakage by adjusting the prices of commodities to ensue that producers do not avoid carbon taxes levied against domestic production in the importing market by offshoring production to jurisdictions without carbon pricing mechanisms.
Caribbean Utilities Company (CUC) has announced the closing of a US$80 million of senior unsecured notes consisting of US$40 million 6.17% senior unsecured green notes due May 15, 2039, US$10 million 6.37% senior unsecured green notes due May 15, 2049, and US$30 million 6.37% senior unsecured notes due May 15, 2049.
Aqualectra and Wärtsilä have taken a significant step towards a sustainable energy future for Curaçao by the signing of a battery energy storage system agreement.
Seatrium has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel.
SBM Offshore has announced that ExxonMobil Guyana Limited has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana.
The Caribbean Community (CARICOM) secretariat held another series of consultations on CSME implementation arrangements in St. Vincent and the Grenadines.
At the annual European Climate Summit in Italy, IETA unveiled its Guidelines for High Integrity Use of Carbon Credits that set out clear, unambiguous and robust guidance on how corporate buyers should consider their use of carbon credits to progress towards the goals of the Paris Agreement.