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The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met with Mr. Leonardo Graterol, Vice Minister Gas, Bolivarian Republic of Venezuela on the sidelines of the GECF 24th Ministerial Meeting in Cairo Egypt. Also in attendance were Mr. Ronnie Romero, Vice President PDVSA, Ms. Penelope Bradshaw Niles, Permanent Secretary of the Ministry of Energy and Energy Industries and Mr. Mark Loquan, President NGC.
The National Gas Company of Trinidad and Tobago Limited (NGC) has once again signaled its commitment to transparency and alignment with global best practice, with the publication of its 5th annual Sustainability Report, covering the year 2021.
During the recent October Regional Hydrogen Congress for Latin America and the Caribbean, Trinidad and Tobago’s New Hydrogen Profile was highlighted in several areas.
Touchstone Exploration President and CEO, Paul Baay indicated that the company could bid on as many as three onshore blocks in the 2022 Onshore and Nearshore Competitive Bid Round.
Increases in the prices of gasoline and diesel receive a huge amount of media attention every time that the subsidy is reduced, and prices rise. What does not receive any media attention is the fact that over the period when the subsidy has been gradually removed and prices have risen, the total volumes of both diesel and gasoline sales have significantly declined.
Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young, M.P. met with Ms. Meg O’Neill, Chief Executive Officer of Woodside Energy at Woodside’s office in Houston, Texas, USA. Also attending the meeting were Ms. Sandra Fraser, Permanent Secretary (A.g.) of the Ministry of Energy and Energy Industries, Woodside’s Ms. Shiva McMahon, EVP International Operations, Mr. Juan Vazquez, President and Country Manager, Woodside Trinidad and Tobago and Dr Carla Noel-Mendez, Corporate Affairs Manager, Woodside Trinidad and Tobago.
The National Gas Company of Trinidad and Tobago Limited (NGC) and bp Trinidad and Tobago (bpTT) have signed a Collaboration Agreement to explore opportunities for cooperation in several focus areas of mutual interest within the energy industry. The Agreement, which was signed on 12th October 2022, serves to strengthen the relationship and leverage synergies between the two companies.
Perenco T&T Limited has announced that it has installed the first platform in the Teak, Samaan and Poui (TSP) Block in four decades.
NGC Petrochemicals Limited (NPL), a subsidiary of The National Gas Company of Trinidad and Tobago Limited (NGC), has completed negotiations with Gulf Coast Methanol 1, LLC and its parent IGP Methanol LLC of the USA, for a Purchase and Sales Agreement that will allow NGC to acquire blue methanol from IGP’s Gulf Coast Methanol project.
Touchstone Exploration Inc. announced safe delivery of first gas from the Coho facility. This represents the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years.
Officials from the Ministry of Energy and Energy including the Minster of Energy and Energy Industries and Minister in the Office of the Prime Minister the Honourable Stuart R Young M.P. and Permanent Secretary Mrs. Penelope Bradshaw-Niles toured Woodside Energy’s contracted Controlled Source Electromagnetic Survey vessel docked in Chaguaramas.
I really enjoyed my visit to Guyana this week to attend the Guyana Basin Summit. It was great to catch-up with old friends and colleagues and to make many new contacts as well. This was my first visit since the pandemic and it’s really encouraging to see the progress that has been made in the past few years, with lots of stories of productive new business relationships between Trinidadian and Guyanese companies, and with many Surinamese and Jamaican businesses also in the mix.
bp Trinidad and Tobago officially welcomes David Campbell into the role of president of the company.
Minister of State in Foreign Trade and Business, Sandra Husbands has announced that Barbados will open its Offshore Licensing Bid Round in the coming months.
The Energy Chamber welcomes measures put in place by the Ministry of Finance to improve the fiscal environment under which the upstream energy sector companies operate in Trinidad and Tobago. We wish to thank the Minister of Finance, Hon. Colm Imbert for collaborative engagement with the Energy Chamber toward making these changes.
bp Trinidad and Tobago (bpTT) has confirmed that it is proceeding with the development of its Cypre offshore gas project. This decision followed recent meetings of Trinidad and Tobago’s Prime Minister Dr Keith Rowley, bp CEO Bernard Looney and incoming President for bpTT David Campbell where they discussed accelerating the project’s sanction.
The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young MP, attended a contract signing ceremony between NGC and bpTT. The Honourable Minister of Energy and Energy Industries congratulated both NGC and bpTT on negotiating, in a collaborative manner, a new gas supply contract which secures future gas supply to the National Gas Company of Trinidad and Tobago (NGC), this gas will be utilized for the downstream petrochemical sector and electricity production.
Contractor and service company members of the Energy Chamber of Trinidad & Tobago received detailed information about future plans and opportunities to do business with the major upstream operating companies in Trinidad & Tobago at a virtual session on September 22, 2022. The operator companies provided members with details of possible future scopes of work and the sort of services and equipment that they would need to procure.
Shamrock HSE, a member of the Energy Chamber, participated in the Shaping The Future of Innovation programme, which is a partnership between the Government of Trinidad and Tobago through the Ministry of Planning and Development, the European Union (EU) and the Inter-American Development Bank (IDB) Lab, in collaboration with the Caribbean Industrial Research Institute (CARIRI) as the project implementing partner.
UN Secretary-General António Guterres has appointed Simon Stiell as the new Executive Secretary of the United Nations Climate Change Secretariat based in Bonn, Germany. The appointment has been endorsed by the Bureau of the UN Framework Convention on Climate Change (UNFCCC).
