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EnergyNow Issue 51 now available
Viewing entries by
Staff Writer
Notwithstanding the closure of the Point-a-Pierre refinery in November 2018, Trinidad & Tobago still exports significant volumes of gasoline and diesel to regional markets. These are products that are imported into Trinidad by Paria Fuel Trading, stored and then reexported. The graph displays the net imports of gasoline and diesel (imports minus exports) as well as the total exports. The net import volume corresponds to how much fuel is sold in the domestic market.
"Rig days” tracks both the volume of business for upstream focused energy service companies and provides a proxy indicator of future new oil and gas production.
The Ministry of Energy and Energy Industries (MEEI) has announced the award for Blocks NCMA 4(a) and Lower Reverse L to EOG Resources Limited. The Honourable Stuart R. Young S.C., M.P. Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister signed two (2) PSCs with EOG Resources.
The Energy Chamber is delighted to announce that David Cassidy, the Chief Executive of Proman will be one of our feature speakers at the Trinidad & Tobago Energy Conference on 10th February 2025.
We are pleased to announce the finalists of the Innovation & Technology Challenge 2025. The Challenge takes place at the T&T Energy Conference 2025 on February 11th at 12:00pm. At that time the 5 finalists will present their innovations and then conference delegates made up of energy sector executives and industry experts will vote on the most innovative project. In 2025, seventeen applications which were received and reviewed by an expert committee. The top five applications were selected to move forward.
Exploration drilling is crucial to ensure the long-term viability of any country’s oil and gas industry. While seismic data surveys and other geological studies can give strong indications of possible accumulations of hydrocarbons, these always need to actually be drilled to determine if there is a viable hydrocarbon reservoir in the rocks deep below the earth’s surface.
T&T is using an increasing proportion of its total natural gas production to generate electricity. The percentage of total natural gas production used in the production of electricity increased from 7.1 per cent in 2018 to 11.2 per cent in the first eight months of 2024.
The volume of natural gas used in the generation of electricity in Trinidad & Tobago varies from day to day.
SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others.
Noble and PETRONAS Suriname E&P B.V. have entered into an agreement for the high-specification semisubmersible rig Noble Developer to drill three wells offshore Suriname.
The Caribbean Development Bank (CDB, the Bank) has approved a USD 34.8 million loan to the Geothermal Power Company of Dominica (GPC) to fund the construction of a 10-megawatt (MW) geothermal power plant. The project is designed to strengthen Dominica’s energy security, reduce electricity production costs, and significantly lower carbon emissions in the power sector.
The Energy Chamber of Trinidad & Tobago is monitoring the incident involving the Well Services rig. Employees of a number of our member companies were on the rig at the time of the incident and impacted by the event; others are involved in rescue operations. The immediate priority is to ensure that everyone is physically safe.
Perenco T&T Limited has announced the completion of the acquisition of the Cashima, Amherstia, Flamboyant & Immortelle offshore gas fields and associated production facilities, as well as the undeveloped resources from the Parang field (CAFI asset), from bp Trinidad and Tobago (bpTT). The acquisition, combined with Perenco’s operation of the TSP fields, aligns Perenco as a major gas producer in Trinidad and Tobago.
Touchstone Exploration (Trinidad) Ltd. has entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Limited.
The Energy Chamber proudly announces the appointment of Mala Baliraj, Chief Executive Officer at Massy Wood Group Ltd as its Chairperson.
The National Gas Company of Trinidad and Tobago Limited (NGC) has shipped its first two cargoes of Liquefied Natural Gas (LNG) from Atlantic’s Trains 2 and 3 since the commercial restructure of Atlantic in December 2023. The shipments left Atlantic’s facility in Point Fortin on November 26th and December 6th 2024, bound for Italy and Egypt respectively.
NESC Technical Institute has announced the graduation of 112 students who completed the 2024 Perenco-Sponsored Training Programmes at the Mayaro Campus.
The graduation ceremony, held on Saturday 30th November 2024, celebrated the achievements of community members who are now equipped with skills to thrive in their respective fields.
Graduates excelled in the following programmes:
· Computer Repairs and Maintenance
· Basic Electrical Installation
· Fundamentals in Hybrid Technology
· Introduction to Solar Photovoltaics
· Microsoft Excel Expert
· Microsoft Word Expert
· Plumbing Level 1
The Energy Chamber of T&T hosted its annual Downstream Forum earlier today. This important annual forum provided close to 150 of our energy service and contractor members with details of on-going and planned maintenance projects, upgrades and turn-around activities within the downstream sector. This is vital business intelligence information that allows our service company and contractor members to plan their activities and ensure that they maximise the value of business within the local economy. The attendees were provided with detailed information on the planned activities of eight of the major downstream companies over the short – medium term.
Minister Young recently met with Methanex executives, Dean Richardson, Senior Vice President-Financial Officer of Methanex and Colin Bain, Managing Director & President at Methanex Corporation.