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CSA Ocean Sciences Inc. (CSA), an international marine environmental consulting and survey company, today announced the conclusion of a post drill monitoring survey (PDMS) offshore Trinidad for a local upstream oil and gas operator. The well was drilled by the operator during May to August 2022, with CSA completing the PDMS in November 2022 in full accordance with local regulatory requirements.
The Network of Caribbean Chambers of Commerce (CARICHAM) elected two women to the top posts in the regional organization. This historic move marked a significant step forward for gender equality and female leadership in the Caribbean business landscape.
At the opening ceremony of the Caribbean Sustainable Energy Conference 2023, Hon. Stuart Young, Minister of Energy and Energy Industries during his keynote address, focused on “reality” and the need to focus on energy security. He said that this needed to be the leading platform and pillar of our way forward.
TT Iron Steel Company Limited has signed a sale and purchase agreement with Christopher Kelshall, the liquidator of ArcelorMittal Point Lisas Ltd. (In Liquidation), to acquire the iron and steel plant in the Point Lisas Industrial Estate, Couva, Trinidad. Completion of the transaction is subject to approval by the Government of Trinidad and Tobago.
Speaking at the Caribbean Sustainable Energy Conference, David Campbell, President of bp Trinidad and Tobago, said that bp has changed since the launch of its new purpose, which is to move toward NetZero by 2050 or sooner. He said you could see the change in all areas, including in investments. Two years ago, the company was making 3 percent of new investments in non-oil and gas, this year, he said it would be 30 percent, and it would move to 50 percent in two years’ time.
Chairman Michael Quamina and the Board of Directors of Heritage Petroleum Company Limited (Heritage) have selected Erik Keskula as the CEO of the company. Keskula will serve as the CEO Designate for the period June 1–13, and will assume full responsibility when Arlene Chow, current CEO, retires from the company on June 13, 2023.
After four years of service, Chief Executive Officer and veteran energy professional Arlene Chow will retire from Heritage Petroleum Company Limited (Heritage).
Touchstone Exploration has announced that its wholly owned subsidiary, Primera Oil and Gas Limited (Primera) was awarded the Cipero onshore block in the Trinidad and Tobago 2022 Onshore and Nearshore Competitive Bid Round.
Leading methanol and ammonia producer Proman has today announced the launch of its first charitable entity, the Proman Foundation, in Trinidad and Tobago
Aquaterra Energy has secured a multi-million subsea riser contract through a competitive tender with BP for a subsea well development project located in Trinidad and Tobago. Aquaterra Energy will provide a complete end-to-end managed service as a fully independent riser system and connector OEM.
Arthur Alexander is Senior Health, Safety, Environment and Carbon (HSE+C) Manager at bpTT. Here he talks about the energy transition and what it has meant for the company.
bmobile recently announced the launch of its new Local Offshore Data Roaming Plan and its
Maritime Plan, two robust and reliable mobile offerings designed to provide continued connectivity
to people and businesses involved in offshore and maritime activity. The new plans, which give
access to 10 GB of roaming data, will provide customers with reliable, convenient and secure access
to their data services and mobile applications while at sea.
The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a Memorandum of Understanding (MOU) with a consortium comprising Globus Energy Group Trinidad Limited (Globus Energy), Corban Energy Group (Corban Energy), and Chester LNG, LLC (Chester LNG), to identify and screen technologies for micro and small-scale LNG development projects in the Caribbean. This MOU signing signals the commitment of all the companies involved to explore viable solutions to effectively manage energy security and low-carbon energy transition, and potentially expand the use of LNG across the region.
bpTT has announced the successful completion of the first phase of its “small pools” drilling campaign which began in October 2022. The campaign includes three wells in the Mango field, one well in the Savonette field, and three wells in the Angelin field.
EOG Resources Trinidad recently provided a detailed update on its ongoing and planned drilling projects and production forecasts. Under its robust two-year drilling plan, approximately twenty wells are projected during the period of 2023–2025. To facilitate this, the Valaris 249-Gorilla VII will be doing the drilling. EOG Resources Trinidad thanked the Ministry of Energy and Energy Industries for its innovation and initiatives in facilitating and negotiating terms for the development of smaller fields that would bring higher volumes of natural gas to the energy market. The company also commended the willingness of the Government of Trinidad and Tobago to have commercial discussions on the monetisation of marginal fields and highlighted that Trinidad and Tobago remains an attractive territory for hydrocarbon investments.
The United States consortium, Lindsayca/CH4 (LNDCH4) undertaking the Wales gas-to-energy project is seeking goods and services from local suppliers as it pursues the massive West Bank Demerara (WBD) project.
The JPS Board of Directors has announced the appointment of Steve Berberich as the energy company’s new President & CEO, effective May 31, 2023.
Touchstone Exploration has announced that the company’s wholly owned T&T subsidiary company has entered into a second amended and restated loan agreement with its Trinidad-based lender providing for an additional US$7 million revolving loan.
Tax revenues as a share of GDP in Latin America and the Caribbean rebounded to their pre-pandemic level in 2021, amid an economic recovery and higher commodity prices, according to a new report.
Revenue Statistics in Latin America and the Caribbean 2023, released at the 35th Regional Fiscal Seminar in Santiago, Chile, revealed that the average tax-to-GDP ratio in the region rose by 0.8 percentage points (p.p.) in 2021 to 21.7%, which is the same level as in 2019, prior to the COVID-19 pandemic. The average tax-to-GDP ratio remained lower than the OECD average of 34.1% of GDP in 2021, by 12.5 p.p.
Located in Trinity’s Palo Seco Lease Operatorship area, the Jacobin well has been designed to test an extensive and lightly drilled Miocene-age deeper turbidite play mapped across the prolific southern onshore basin and will provide the company with critical new data on this extensive play and the wider Palo Seco acreage. Trinity has a 100% interest in the Palo Seco area sub-licences, where nine deeper prospects have already been mapped.
