EnergyNow Issue 49
It is my pleasure to address today’s Conference on energy sustainability and energy security for the Caribbean in the face of a global transition to a low carbon footprint. The Theme for the Conference “Collaboration for Action” is topical and has been recognized by the Energy Chamber through continuous discussions around the margins on this matter. In fact, this government has led this conversation regionally. In these discussions there is general agreement on what we need to achieve and the direction that we must pursue. Individually, countries have been pursing their own plans of action but what is required is a more cohesive action plan for the Caribbean. We will always be stronger together which is necessary for a successful and just energy transition.
It gives me great pleasure to welcome you to our annual Caribbean Sustainable Energy Conference. This is our annual event where we concentrate on decarbonization, renewables, energy efficiency, and all the policy and business activities towards ensuring that across the Caribbean, we have a more sustainable energy sector, with reduced emissions of greenhouse gases.
The Minister of Energy and Energy Industries, Honourable Stuart Young gave some insight into the government’s plans to reduce greenhouse gas (GHG) emissions in T&T in an exclusive interview with EnergyNow.
Minister Young acknowledged the need to decarbonize and to continue to meet international standards and trade requirements, but he restated that Trinidad and Tobago continues to globally advocate for the continued use of natural gas.
The Energy Chamber of Trinidad & Tobago warmly welcomes the news that the United States OFAC has granted a specific license for the National Gas Company, bp and the Government of Trinidad & Tobago to negotiate an agreement to develop the cross border Manakin-Coquina field with the authorities in Venezuela.
National Energy Corporation of Trinidad and Tobago Limited (National Energy) signed a Memorandum of Understanding (MOU) with Trinidad & Tobago National Petroleum Marketing Company Limited (NP) to conduct a comprehensive energy audit and feasibility study at NP’s facilities. This partnership builds upon ongoing national efforts to promote energy efficiency and sustainable operations within the local manufacturing and energy-based sectors.
EnergyNow Issue 48
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PETRONAS has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 kilometres offshore and 9 kilometers east from Roystonea-1
The Ministry of Energy and Energy Industries via a release said that the Minister Stuart Young, along with other senior officials met with Shiva McMahon, EVP International Operations, Woodside Energy; Mrs. Kellyanne Lochan, Country Manager Woodside Trinidad and Tobago; Ms. Stacy Patrick, Calypso Project Director; Mr. Onne Peters, Vice President Atlantic Sales; and Dr. Carla Noel-Mendez, Corporate Affairs Manager, Woodside.
The national natural gas audit for 2021 and 2022 was released earlier this week at the Ministry of Energy and Energy Industries. Minister Young along with the consultants from DeGolyer and MacNaughton (D&M) of Dallas, Texas shared data from the audit and highlighted the growth in reserves position of the country.
The Honourable Stuart Young has indicated that T&T will receive funds from the International Oil Pollution Compensation Fund.
Heritage Petroleum Company Limited (Heritage) has released its 3rd Environmental, Social and Governance (ESG) Report.
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.