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The pace of electric vehicle (EV) sales is picking up around the world. In fact, in 2024, electric car sales surpassed 17 million worldwide, increasing by more than 25% from 2023. The global stock of EVs is currently around 58 million vehicles and the penetration of EVs into the global market has displaced over 1 million barrels per day of oil consumption in 2024.
SLB has announced that it has closed its acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB’s outstanding shares of common stock.
During the meeting, Minister Moonilal emphasized Perenco's successful experience in value creation from mature and marginal oil and gas projects.
Dr. The Honourable Roodal Moonilal, Minister of Energy and Energy Industries and senior members of the Ministry, met with Atlantic LNG executives, Jean Andre Celestain, Chief Executive Officer (CEO) and Vincent Pereira, Chairman.
Touchstone Exploration through its wholly owned Trinidadian subsidiary, recently completed a 100% acquisition of the share capital of Shell Trinidad Central Block Limited. The acquired entity, now renamed Touchstone Trinidad Central Block Ltd., holds a 65 percent operating interest in the onshore Central Block exploration and production licence. Heritage Petroleum Company Limited holds the remaining 35 percent participating interest. The Central Block asset includes four producing natural gas wells and a gas processing facility.
TOSL Engineering Limited's Low Carbon District Cooling project has won the Project of the Year 2025 in the Latin American region from the Association of Energy Engineers (AEE).
The Organisation of Eastern Caribbean States Commission has announced the official opening of bids for the production drilling phase for the St. Kitts and Nevis geothermal power project.
Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (“CAFI”) fields, aligns Perenco as a major oil and gas producer in country.
The Brechin Castle Solar Limited, (a joint venture of bp, Shell, and a subsidiary of the National Gas Company of Trinidad and Tobago), welcomed key government officials and stakeholders to its project site in Couva.
The Honourable Ernesto Kesar, Minister in the Ministry of Energy and Energy Industries accompanied by Karinsa Tulsie, Permanent Secretary (Ag.) and representatives of the Renewable Energy Division of the Ministry of Energy and Energy Industries attended the Prize Giving Ceremony of the Renewable Rivalry National Competition. The event was hosted by the University of Trinidad and Tobago (UTT).
Dr. The Honourable Roodal Moonilal, Minister of Energy and Energy Industries; The Honourable Ernesto Kesar, Minister in the Ministry of Energy and Energy Industries along with senior representatives from the Ministry of Energy and Energy Industries with executives from EOG Resources Limited
Trinidad and Tobago was the second largest methanol exporter in the world in 2024. The country exported 4,071.3 thousand tonnes of methanol and generated USD $1.3 billion in export sales.
The Government of the Republic of Trinidad and Tobago (T&T) led by the Honourable Kamla Persad-Bissessar S.C., M.P, Prime Minister of the Republic of Trinidad and Tobago has announced that T&T will join the Global Biofuels Alliance. The announcement was made after a special Joint Assembly of the Senate and the House of Representatives, held on the occasion of the Official Visit to the Republic of Trinidad and Tobago by His Excellency Shri Narendra Modi, Prime Minister of the Republic of India.
Methanex Corporation has announced that it has completed the previously announced acquisition of OCI Global’s (“OCI”) international methanol business.
Predator Oil & Gas Holdings (Predator), a Jersey-based Oil and Gas Company with hydrocarbon operations and production activities focused on Morocco and Trinidad has experienced some short term delays in their acquisition of Challenger Energy Group’s (CEG) operations in T&T.
LNG is one of Trinidad and Tobago’s top exports. Atlantic, the country’s LNG producer, exports to about 17 countries around the world. These can be broken into five regional markets: North America, South and Central America, Europe, Middle East and Africa and Asia Pacific; T&T supplies LNG into each of these markets. T&T exported 10.3 bcm of LNG around the world in 2024, a slight decline from 2023 when the country exported 10.5 bcm and a significant decline from a 10 year high of 17.1 bcm, in 2015.
Dr. the Honourable Roodal Moonilal, Minister of Energy and Energy Industries met with Shell’s Country Senior Leadership Team during their mid-year review to sharpen focus on future growth and sustainable energy transition.
Good morning, it is an honour to address this symposium on the rejuvenation of our mature basins – a timely topic. It is noteworthy too that this is the first time I am addressing members of the oil and gas fraternity.
I am also pleased that the opportunity has presented itself from the SPE, one of the most recognized professional organizations in the world of oil and gas with members whose intellectual and technical inputs will be important to Trinidad and Tobago going forward.
The Energy Chamber of Trinidad and Tobago warmly welcomes the statements made by the Honourable Roodal Moonilal to address the ease of doing business in the energy sector. Increasing the pace of approvals is one of the six key points identified by the Energy Chamber to increase oil and natural gas production. Improving the ease of doing business within the sector will have substantial net benefits to project execution and shorter timelines to first oil or gas and significantly improves project economics.
The Ministry of Energy and Energy Industries recently released the first quarter production data from the energy sector in Trinidad and Tobago.
In the first quarter of 2025, there were short-term increases in the production of crude oil but declines in the production of natural gas and gas-related industries like LNG, methanol, and ammonia production. The data highlights some core issues within the energy sector. Looking at monthly and quarterly data and even single year data often be a bit misleading as it ignores critical historical information.
