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It was recently announced that Perenco would be acquiring five of bpTT’s assets. This is a big step up in Trinidad for the Anglo-French company which has been the operator of the Teak, Samaan and Poui (TSP) fields since they purchased the assets from Repsol in 2016. The acquisition of bpTTs assets means that the company will now be the operator of gas fields, rather than the traditional oil acreage in Trinidad.
Hummingbird Drone & Robotics Services Limited (subsidiary of Hummingbird Helicopter Services Limited (HHSL), has officially received certification in ISO 21384-3:2023, marking a historic milestone as the first organization in Latin America and tenth (10) company globally to achieve this prestigious standard.
bp has completed its acquisition of the remaining 50.03% interest in Lightsource bp, one of the world’s leading developers and operators of utility-scale solar and battery storage assets.
EnergyNow Issue 50
Paria Fuel Trading Company Limited (Paria) is proud to announce its achievement of attaining International Sustainability and Carbon Certification (ISCC), a critical step toward integrating with the European market’s stringent environmental standards. This certification not only reinforces Paria’s commitment to sustainability and transparency but also highlights the broader economic and environmental benefits for Trinidad, the Caribbean region, and their energy exports.
The past year has been marked by some pivotal developments in the Trinidad & Tobago energy sector which we hope will set a positive future trajectory the industry, notwithstanding ongoing challenges.
There are many deep and productive relationships already in place at the level of government, industry and individuals. With the exciting prospects in store for the Surinamese energy sector, I expect that many more mutually beneficial business relationships will build on the existing strong foundations.
The Ministry of Energy and Energy Industries (MEEI) has reported that pursuant to proceedings filed by the Republic of Trinidad and Tobago in the Republic of Angola the tug Solo Creed has been ordered by the Court to be arrested to secure the claim of Trinidad and Tobago.
The Ministry of Finance, Economic Development, Climate Resilience, and Social Security for the Government of the Commonwealth of Dominica has announced that Kenesjay Green Ltd. (KGL), a key green energy Caribbean project developer, will conduct the Pre-Feasibility Work for the production of Green Ammonia via the utilization of geothermal energy from Dominica.
The Hon. Stuart Young, Acting Prime Minister and Minister of Energy and Energy Industries toured the Mento platform at the TOFCO fabrication yard in La Brea. The platform is in the final stages of construction as it gets ready for sailaway within the coming weeks.
The Honourable Stuart Young met with senor executives from bpTT at the International Waterfront Complex in Port of Spain. At the meeting, David Campbell, President, bpTT indicated that the seismic acquisition for the Manakin-Cocuina field was completed, and the data collected is now at the processing stage. The Minister also received updates on drilling operations at the Cypre development and construction of the 92mw solar project.
KBR has announced that it was awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, the onshore portion of the Manatee gas field project.
On 11th October 2024, Dr. The Honourable Keith C. Rowley, Prime Minister of the Republic of Trinidad and Tobago and The Honourable Stuart R. Young S.C., M.P. Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister along with representatives from Shell and the National Gas Company visited the Dona Jose 2 vessel at Tembladora Port, Chaguaramas.
TotalEnergies and APA Corporation have announced the Final Investment Decision (FID) for the development of a production field in Block 58 offshore Suriname. The construction and installation phase will take approximately four years, meaning that first oil will be produced in 2028 at the earliest.
The Energy Chamber of Trinidad & Tobago has noted the Minister of Finance's statement that he and the Minister of Energy and Energy Industries will meet with the Energy Chamber in the next few months in order to finalise details of changes to the fiscal regime for the upstream energy sector to be introduced in the Finance Act 2025. The Energy Chamber warmly welcomes the Minister's statement, and we look forward to detailed discussions on changes to the oil and gas taxation regime which will further incentivise investment into new oil and gas production. The Energy Chamber deeply appreciates the commitment to consultation and to finding solutions to the complex issues around oil and gas taxation.
The Ministry of Energy and Energy Industries (MEEI) has announced that a negotiated Production Sharing Contract for Block Modified U (c ) has been signed between the Government of the Republic of Trinidad and Tobago and the successful bidder, BG International Limited (BGI), a subsidiary of Shell. The signing took place on 27th September 2024 at the Atlantic LNG Administrative Building, Clifton Hill, Point Fortin.
The Energy Chamber of Trinidad and Tobago extends sincere congratulations to Karen Darbasie, Group Chief Executive Officer, First Citizens Bank Limited who was awarded the Chaconia Medal Gold (Banking and Finance) during the 2024 National awards ceremony held on Tuesday September 24th, 2024.
The Honourable Stuart R. Young S.C., M.P Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister toured the PXGEO 2 seismic vessel and met with its specialist crew on 26th September 2024.
The Honourable Stuart R. Young S.C., 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, received an update on Woodside Energy’s Calypso Project on 25th September, 2024. The meeting took place at the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head-Office, Port-of-Spain.
The Energy Chamber of Trinidad and Tobago is delighted to join the national community in recognising and applauding Mark Loquan, the recipient of the Order of the Republic of Trinidad & Tobago for his huge contribution to the development of the energy sector and culture, particularly the steelpan.
