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With Europe pushing hard to reduce their reliance on Russian gas, in the aftermath of the invasion of Ukraine, Trinidad & Tobago’s Liquified Natural Gas (LNG) exports have come into the geopolitical spotlight, and this has also brought the issue of Venezuelan gas exports to Trinidad back onto the agenda.
bp Trinidad and Tobago (bpTT) today announces the arrival of the Joe Douglas Jack Up rig. The drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas. The rig will be proceeding to our Mango drilling site – situated approximately 48km off the Galeota Point on Trinidad’s southeast coast – to commence our drilling programme in early October.
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APA Corporation has announced an oil discovery offshore Suriname at Baja-1 in Block 53. The company also provided an update on recent drilling operations at Dikkop-1 in Block 58.
In last year’s national budget statement, the Minister of Finance announced that the Government would undertake a comprehensive review of upstream fiscal terms. Speaking shortly after the budget announcement at the Energy Chamber’s annual policy review forum, the Minister of Energy announced that the review would be completed by the end of the first quarter of 2022. As of July 2022, this review has not been completed.
The NGC Group (The Group) of Companies’ financial performance for 2021, demonstrated a significant turnaround in profitability, as it successfully navigated the global energy landscape during that year. The Group recorded a profit of TT$2.6B for the financial year ended 31 December 2021. This profit is a far cry when compared to the loss of TT$2.1B in 2020. The Group’s revenues of TT$23.6B were TT$12.2B greater than revenues of TT$11.4B for 2020.
Local content is often an emotive issue. It can often get caught-up with ideas about identity and complicated by political positioning. The noise around local content can drown out any proper policy analysis.
Touchstone Exploration has announced that the Trinidad and Tobago Environmental Management Authority (EMA) has confirmed that no further information is required regarding the Cascadura Environmental Impact Assessment (EIA). The Cascadura EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to conduct development operations within the Cascadura area of the Ortoire block.
The Honourable Stuart R Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister visited Caracas, Venezuela on Friday 5th August, 2022 where he conducted a number of high level meetings with key members of the Bolivarian Republic of Venezuela’s Government.
The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) have deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. On August 4 th 2022, both companies signed a non-binding Heads of Agreement (HOA), which outlines the framework for the establishment of Binding Definitive Agreements between the relevant parties, once acceptable terms can be reached.
TechnipFMC has been awarded a significant. contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas to Energy Project in Guyana.
Touchstone Exploration has announced that the Company has summitted a notice to residents in the community that the Coho gas facility and pipeline will commence pre-commissioning and commissioning operations.
Prosafe has announced that BP Trinidad and Tobago (bpTT) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations at Cassia C offshore Trinidad.
Subsea 7 and Van Oord have announced the award of a substantial contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres. Although a contract value has not been announced, Subsea 7 has indicated that the contract is between USD150m and USD300m
bp has announced the appointment of David Campbell to the role of President of its Trinidad and Tobago business effective October 1, subject to work permit approval. In this role, David will be accountable for the safe delivery and growth of the business in Trinidad and Tobago.
Minister Young has commended the U.S. International Trade Commission on revoking hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Trinidad and Tobago.
Touchstone Exploration Inc. announced the appointments of Dr. Priya Marajh and Jenny Alfandary to the Board of Directors with immediate effect. Dr. Marajh will serve on the Board's Health, Safety, Social and Environmental ("HSSE") Committee and Compensation and Governance Committee and Ms. Alfandary will serve on the Board's HSSE Committee and Audit Committee. In conjunction with these appointments, Touchstone also announces that Mr. Thomas Valentine has stepped down from the Board with immediate effect and will remain the Company's Corporate Secretary.
DeNovo Energy Limited (DeNovo), part of the Proman family of companies, has announced delivery of first gas from its Zandolie field. The Unmanned Minimum Facility is DeNovo’s second offshore field development to be completed in Block 1 (a) on the West Coast of Trinidad.
The RelyOn Nutec Group has announced that they are expanding the company’s presence in the region to support the accelerating demand for safety and technical services.
The Honourable Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister Stuart R. Young M.P along with Ms. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries and Ms. Sandra Fraser, Permanent Secretary (Ag) at the Ministry of Energy and Energy Industries met with Mr. Jeremy Bridglalsingh, Chief Executive Officer and Mr. Derek Hudson, Non-Executive Director of Trinity Exploration and Production.
