The divestment of SPDC aligns with Shell’s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its Deepwater and Integrated Gas positions.
bp has announced the successful completion of drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta.
JERA Co. Inc. and bp have announced the leadership team of their planned 50-50 offshore wind joint venture, JERA Nex bp. The new entity will be a leading global offshore wind developer, owner and operator and will be led by CEO Nathalie Oosterlinck, currently serving as CEO of JERA Nex
For the past decade, declining oil and gas production has been a key economic challenge for Trinidad & Tobago. Reversing this trend requires increased upstream investment, which is currently underway. Significant investments are being made in the upstream oil and gas sector, as well as in renewable energy.
Construction is advancing steadily in Dominica on a 10-megawatt geothermal power plant to become the second in the OECS and the first in the Caribbean Community (CARICOM), with a targeted completion date of Christmas Day–December 25, 2025.
The Energy Chamber of Trinidad & Tobago has long supported the privatization of the Guaracara/Pointe-a-Pierre refinery to put the asset to productive use. Significant capital investment is required to bring the refinery’s assets back into productive and profitable operation. This investment must be carefully deployed and managed, as it involves substantial risk. For this reason, the Energy Chamber has consistently maintained that no additional taxpayer funds from Trinidad & Tobago should be allocated to this investment; instead, the required capital should come from the private sector. Given the scale of the investment needed, the majority of this capital was always expected to originate from international sources, though the Energy Chamber has strongly supported and encouraged local private sector participation as well.
The Energy Chamber is pleased to learn that an investor has been identified to lease the refinery assets from Trinidad Petroleum Holdings Ltd (TPHL) with the objective of restarting refining operations. Reviving operations at the Guaracara refinery will generate new jobs, create business opportunities, and increase tax revenue for the government. Additionally, foreign direct investment in these assets will contribute to greater foreign currency circulation within the local economy. South Trinidad is home to many skilled workers and experienced contractors, who will play a crucial role in safely and efficiently restarting operations.
The Energy Chamber of Trinidad & Tobago is prepared to collaborate closely with Oando Trading to ensure the safe resumption of refinery operations, and we warmly welcome them to the Trinidad & Tobago energy industry. We are confident that this marks the beginning of a long and mutually beneficial relationship.
Note:
Before its closure, the Guaracara/ Pointe-a-Pierre refinery was a significant source of business for many members of the Energy Chamber, including smaller member companies. In an August 2018 survey of our 400 member companies, 59% of the 75 respondents reported having provided goods and/or services to the refinery over the preceding five years. At the time of its closure, 39% of them were actively engaged in supplying goods and/or services to the refinery. On average, these companies derived 25% of their business from refinery-related work, with four member companies indicating that the refinery was their sole customer. The total value of goods and services provided by these 75 companies to the refinery in the preceding year amounted to TTD 72 million.
The annual Trinidad & Tobago Energy Conference is the biggest and best attended energy sector event held locally. Companies and individuals from Trinidad & Tobago and around the world invest in the event to share information, seek insights, network, promote their businesses and influence the energy sector advocacy agenda.
Media Release
Please see information below.
Please see information below.
“Reports of my death have been greatly exaggerated”
This quote from Mark Twain was used by one Energy Chamber member, Colm de Freitas, CEO of engineering firm D2F Technical Ltd., to sum up his feelings after the first day of the Trinidad & Tobago Energy Conference 2025.
For the third consecutive year, the Innovation and Technology Challenge winner presented their innovative project to delegates and was voted the winner at the T&T Energy Conference 2025. This challenge is designed to recognize groundbreaking and innovative solutions that address key challenges within the energy sector.
The workforce in the energy sector remains male dominated, especially in frontline positions in activities like operations, maintenance, drilling and construction. The PLEA pass system means that the Energy Chamber has good data on the gender mix in the downstream contractor and service sector. This is the system where every worker entering any of the downstream facilities in Point Lisas, as well as in La Brea and Point Fortin, has to undergo an assessment of their basic HSE knowledge, once every two years.
Everybody who works for a contractor on a downstream plant in Trinidad & Tobago must complete an assessment of their basic HSE knowledge once every two years. This is called the PLEA assessment, and it is administered by the Energy Chamber of Trinidad & Tobago on behalf of the industry. People who have to complete the PLEA assessment range from owners and leaders of contractors who have to visit their workers in the field, the skill technicians and craft workers, through to security guards, labourers and janitors. It is the basic entry requirement for all of the plants in Point Lisas, Atlantic and other petrochemical plants and power stations.
Hon. Stuart Young. S.C., Minister of Energy and Energy Industries
Keynote address at the T&T Energy Conference
Dr. the Honourable Keith Rowley, Prime Minister of Trinidad and Tobago
Keynote Address at the T&T Energy Conference
10th February 2025.
Chairperson’s Address at the Trinidad & Tobago Energy Conference 2025
Mala Baliraj, Chairperson, Energy Chamber of Trinidad and Tobago