(BPTT, 5.Feb.2020) — BPTT’s Matapal and Cassia C projects are on track, according to Project General Manager Michael Daniel. Daniel gave an update on BPTT’s major projects at the company’s booth at the Trinidad and Tobago Energy Conference on Tuesday. Cassia C is a compression project which will enable BPTT […]
Category: Trinidad and Tobago
Trinidad and Tobago energy
Beyond The Dragon Deal
(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela is how our interests are inherently wrapped up with international politics. Prime Minister Dr Keith Rowley’s confirmation on Monday that US sanctions have had an […]
McDermott Awarded Large Trinidad Project By BHP
(McDermott, 5.Feb.2020) — McDermott International, Inc. has been awarded a large* contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the Ruby Project, offshore Trinidad and Tobago. The Ruby Field resides in the Block 3(a) development area […]
Trinidad To Develop Natural Gas From Manatee Field
(Office of the PM of Trinidad and Tobago, 4.Feb.2020) — The Government will independently develop the natural gas from the Loran-Manatee field on Trinidad and Tobago’s side of the maritime border. Prime Minister Dr the Hon. Keith Rowley made the announcement today (Monday 3rd February 2020) at the 2020 Energy […]
Trinidad Cancels Gas Deal Over US Sanctions
(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of United States sanctions on Venezuela’s state energy giant Petroleos de Venezuela SA (PDVSA). The Caribbean island nation is a major exporter […]
Trinidad And Tobago Energy Conference 2020
(Energy Chamber, 30.Jan.2020) — The Trinidad and Tobago Energy Conference is the major annual conference of the energy sector in Trinidad and Tobago. The conference is one of the largest and most respected in the region. In 2020, the theme of the conference will be “Shaping the Caribbean’s Energy Future”. […]
Touchstone Updates On Cascadura-1ST1 Well Testing
(Touchstone, 20.Jan.2020) — Touchstone Exploration Inc. provided an exploration update, highlighted by the first stage of production testing of the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. The Cascadura-1ST1 production test was designed to evaluate a potential oil zone as indicated by […]
Shell Approved For New Gas Development
(Newsday, 19.Jan.2020) — Shell TT has announced a final investment decision (FID) on the development of Block 5C (Barracuda) in the East Coast Marine Area (ECMA). Barracuda is a greenfield (new) gas development and will involve a two-well subsea tie-back to existing infrastructure in the ECMA, helping grow and sustain […]
Regulator Green Lights Star Phoenix Asset Sale
(Alliance News, 17.Jan.2020) — Star Phoenix Group Ltd said Friday the Trinidad & Tobago state oil and gas firm has approved the sale of Range Resources Trinidad Ltd to LandOcean Energy Services Co Ltd. Shares in the oilfield services firm, formally known as Range Resources, were down 17% in London […]
TT Faces Soft Energy Prices Despite Iran/US Tensions
(Newsday, 9.Jan.2020) — The price of crude oil, natural gas, ammonia and methanol are critical to the health of the TT economy. These are the main earners of our much-needed US dollars. In the last year the prices of all four have been soft, and that trend seems set to […]
BHP Says Standing By TT
(Newsday, 2.Jan.2020) — Call it a hunch. The deepwater acreages off the east coasts of Trinidad and Tobago were uncharted territory for hydrocarbon exploration but BHP, the world’s largest mining and extraction company, still felt there was potential. So, when these blocks came up for auction at the country’s first […]
NGC Chairman End-of-Year 2019 Message
(NGC, 31.Dec.2019) — National Gas Company Chairman Conrad Enill provided the company’s year-end 2019 message, which highlighted milestones achieved during the year. Dear Colleagues and members of the NGC Group Family; End of year is always a time to reflect on the growth, achievements and lessons of the past few […]
Remembrance: Energy Journalist David Renwick
(Energy Analytics Institute, Piero Stewart, 24.Dec.2019) — In remembrance of long-time energy journalist David Renwick who passed away in Trinidad, we share this video of him from 2015 talking about why oil prices are falling. Related Story: Veteran journalist Renwick to be laid to rest today *** © Energy Analytics […]
Petrobras Announces Binding Phase On E&P Assets
(Petrobras, 23.Dec.2019) — Petrobras, following up on the release disclosed on 12/03/2019, announces that it has started the binding phase referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Qualified parties for this phase will receive a process letter with instructions […]
Veteran Journalist Renwick To Be Laid To Rest Today
(Trinidad and Tobago Newsday, 23.Dec.2019) — A former CEO of Newsday, David Renwick was the consummate professional with a passion for the business and labour aspects of journalism, who always dug deep for the facts. And he always shared his knowledge with interns in the field. Renwick, 81, died last […]
Trinidad’s Petro Chaos
(TT Newsday, 19.Dec.2019) — Our fuel subsidy gobbles hundreds of millions that could be spent on improving the country and distorts the economy. It is time we scrapped the remaining fuel subsidy and lift the restrictions on fuel retailers that prevent them from importing fuel or setting its price. We […]
Touchstone Reports Onshore Oil Find At Cascadura
(Touchstone, 16.Dec.2019) — Touchstone Exploration Inc. has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. HIGHLIGHTS — Cascadura-1ST1 cased hole wireline logs indicated significant prospective oil pay totaling 1,037 feet from 1,374 feet of gross […]
Transocean Announces Award For Development Driller III
(Transocean, 12.Dec.2019) — Transocean Ltd. announced the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago. The contract is expected to commence in the second quarter 2020 and will contribute approximately $91 million dollars of contract backlog, excluding mobilization reimbursement. ***
Sunday Blackout Warning
(Trinidad Express, 7.Dec.2019) — The Trinidad and Tobago Electricity Commission (T&TEC) has appealed to customers in Trinidad to conserve electricity this weekend, while the National Gas Company (NGC) carries out expansion work on its network. In a public notice yesterday, the commission said NGC’s work is scheduled for tomorrow (December […]
Valaris Announces New Contract Awards
(Valaris, 25.Nov.2019) — Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet status report dated October 25, 2019. — VALARIS DS-18 (Relentless) contract extended due to the exercise of a one-well priced option with EnVen in the […]
Trinidad Gas Gap To Claim More Industries
(Argus, Lucien Chauvin, 18.Nov.2019) — Trinidad and Tobago’s industries regulator is warning that a natural gas shortage is slowly chipping away at the country’s industrial base. James Lee, executive director of the regulated industries commission, told Argus on the sidelines of a gas conference that the planned closure of a […]
BPTT reports Ginger natural gas discovery offshore Trinidad
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 15.Nov.2019) — BP Trinidad & Tobago (BPTT) made a natural gas discovery with the Ginger exploration well, offshore Trinidad and Tobago. The well is expected to be completed by the end of Nov. 2019. The results of the Ginger well will continue to […]
TTNGL Sep. Financial Stmts
(TTNGL, 14.Nov.2019) — Trinidad and Tobago NGL Limited (TTNGL) reported its condensed interim financial statements for the nine months ended September 30, 2019. On behalf of the Board of Directors (‘Board’), I am pleased to provide the results of Trinidad and Tobago NGL Limited (‘TTNGL’ and ‘Company’) for the nine […]
Ramnarine Talks Of TT Energy Sector Crisis
(AZP, 13.Nov.2019) — There is a crisis in the energy sector in Trinidad and Tobago. This is the view of former energy minister Kevin Ramnarine after the announcement by Yara Trinidad Limited that it would be closing one of its three ammonia plants on the Point Lisas Industrial Estate. In […]
Yara Reports Closure Of Trinidad Ammonia Plant
(Yara, 13.Nov.2019) — Yara regrets to announce the closure of its wholly-owned ammonia plant in Point Lisas, Trinidad. The Yara Trinidad plant is one of three ammonia plants operated by Yara Trinidad Ltd. The remaining two plants, Tringen I and Tringen II, are jointly owned by Yara International ASA and […]
NGC Acknowledges Cessation Of Yara Operations
(NGC, 13.Nov.2019) — The National Gas Company of Trinidad and Tobago Limited (NGC) notes the decision taken by Yara Trinidad Limited to cease operations of its ammonia plant located at the Point Lisas Industrial Estate, Trinidad. The Yara plant production represents circa 5% of total ammonia production in Trinidad. This […]
NGC Acknowledges Cessation Of Yara Operations
(NGC, 13.Nov.2019) — The National Gas Company of Trinidad and Tobago Limited (NGC) notes the decision taken by Yara Trinidad Limited to cease operations of its ammonia plant located at the Point Lisas Industrial Estate, Trinidad. ***
Barbados, T&T Gas Search
(Caribbean Life, George Alleyne, 25.Oct.2019) — In what may be emerging as a Caribbean energy triangle of sorts, Barbados and Trinidad and Tobago have signed a pact governing natural gas exploration at the overlapping nautical point of their exclusive economic zones, and a similar deal between the Bajans and Guyanese […]
BHP Ends Drilling Offshore Trinidad And Tobago
(Offshore, 17.Oct.2019) — BHP has had mixed results from the final two wells of its latest exploration campaign on its northern licenses offshore Trinidad and Tobago. The Boom-1 well spud in late-August encountered hydrocarbons and evaluation continues. However, the subsequent Carnival-1 was a dry hole. The Transocean drillship Deepwater Invictus […]
BHP Ends Offshore Trinidad Drilling
(Offshore, 17.Oct.2019) — BHP has had mixed results from the final two wells of its latest exploration campaign on its northern licenses offshore Trinidad and Tobago. The Boom-1 well spud in late-August encountered hydrocarbons and evaluation continues. However, the subsequent Carnival-1 was a dry hole. The Transocean drillship Deepwater Invictus […]
Trinidad Refinery Restarts By 3Q:20: Ministry
(Argus, 9.Oct.2019) — A new start-up company will acquire Trinidad and Tobago’s 160,000 b/d refinery for $700mn and resume operations by third quarter 2020, the energy ministry tells Argus. Patriotic Energies and Technologies (Pet) is partly owned by Trinidad’s oil labor union OWTU, which has not commented directly on the […]
OWTU To Buy Petrotrin Refinery
(Argus, 23.Sep.2019) — Trinidad and Tobago’s government agreed to sell its mothballed 160,000 b/d Pointe-a-Pierre refinery to a company partly owned by the oil workers’ union. Finance minister Colm Imbert confirmed the $700mn sale to Pet, a firm created by the labor group OWTU in December 2018 as a special […]
Oil Chairmen Meets Mgmt
(Trinidad Express, 26.Aug.2019) — Trinidad Petroleum Holdings Ltd’s (TPHL) newly appointed chairman Michael Quamina said the company and its subsidiaries would continue working towards becoming sustainably profitable. Quamina and Newman George met with members of the TPHL management teams to get an overview of the operations and business update. Last […]
Trinidad Inks Definitive Agreement With Shell
(Ministry of Energy and Energy Industries, 19.Aug.2019) — The Honourable Minister of Energy and Energy Industries announces the finalization of negotiations between the Government and Shell Trinidad and Tobago Limited on gas related issues. In April 2018, a Team led by the Honourable Prime Minister held high-level discussions with the […]
How Trinidad Benefits From Venezuelan Crisis
(Oxford Business Group, 10.Aug.2019) — In June the UN estimated that 4m people had fled Venezuela as a result of the crisis. Of these, some 40,000 have arrived in T&T. Although this is far lower than the 1.3m who have gone to Colombia, migrants now make up 2.86 percent of […]
BHP To Invest $283mn In Trinidad Project
(Reuters, 7.Aug.2019) — Global miner BHP Group said it has approved an investment of $283 million to fund the development of an oil and gas project in Trinidad and Tobago. Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the miner said […]
BHP To Invest $283mn In Trinidad Project
(Reuters, 7.Aug.2019) — Global miner BHP Group said on Thursday it has approved an investment of $283 million to fund the development of an oil and gas project in Trinidad and Tobago. Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the […]
From Energy To Movies, TT Bids To expand Investment
(T&T Newsday, Clint Chan Tack, 1.Aug.2019) — Space may be the final frontier. But for TT, Africa is “the new frontier,” as this country seeks to diversify its economy and find new trade opportunities. Public Utilities Minister Robert Le Hunte, should know, since before his appointment two years ago to […]
T&T’s Lake Asphalt In Overdrive To Diversify
(T&T Newsday, Carla Bridglal, 25.Jul.2019) — For years the board and management of Lake Asphalt TT Ltd knew the company needed to diversify its product offerings. The company started making incremental changes to its strategy, attempting a shift from its primary business, selling the bitumen from Petrotrin’s Pointe-a-Pierre refinery. (Bitumen […]
Petrotrin Lies Will End Keith Rowley’s Reign As PM
(T&T Newsday, Yvonne Webb, 23.Jul.2019) — President General of the Oilfield Workers Trade Union (OWTU) Ancel Roget is predicting that the many lies told about the closure of Petrotrin would mark the end of the reign of Prime Minister Dr Rowley’s administration. Just as the “campaign of lies and deceit” […]
PM Keith Rowley Visits TOFCO With BPTT
(T&T Newsday, Carla Bridglal, 22.Jul.2019) — Prime Minister Dr Keith Rowley visited the TOFCO fabrication yard in La Brea on Friday with BPTT team, led by regional president Claire Fitzpatrick, to view fabrication of the jacket and bridge landing for the company’s Cassia C project. Cassia C is BPTT’s next […]
Trinidad Downgraded By Standards And Poor’s
(Guardian, Curtis Williams, 9.Jul.2019) — Trinidad and Tobago has suffered a downgrade in its sovereign ratings from credit rating agency Standard and Poor’s. In its update on this country, S&P said the decision to downgrade T&T was based on lower-than-expected energy production and economic growth which it expects to weaken […]
The National Gas Company Key To Gas Value Chain
(T&T Newsday, Clint Chan Tack, 4.Jul.2019) — The National Gas Company (NGC) needs to remain a key part of this country’s natural gas value chain, but it may have to be more flexible in terms of how it deals with its customers – and the Government will also have to […]
TPHL Announces Expiration And Final Results
(TPHL, 25.Jun.2019) — Trinidad Petroleum Holdings Limited (TPHL) today announced the expiration and final results of its previously announced offers to exchange any and all of its outstanding notes, originally issued by Petroleum Company of Trinidad and Tobago Limited (“Petrotrin”), for newly issued debt securities of TPHL (the “Exchange Offers”), […]
LatAmNRG Heard On The Street: Gas Markets, Argentina Tender
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and renewable energies sectors. ARGENTINA — During the first half of July a tender will be launched in Argentina for the construction of a new natural […]
Trinidad’s Atlantic Resumes LNG Production
(Argus, 21.Jun.2019) — Trinidad and Tobago’s LNG producer Atlantic resumed operations today at its four-train 14.8mn t/yr liquefaction facility after a five-day shutdown caused by a power cut. The trains are being re-fired “progressively” and will eventually be brought up to full capacity, Atlantic told Argus, without indicating when optimum […]
TPHL Announces Extension Of Expiration Date
(TPHL, 20.Jun.2019) — Trinidad Petroleum Holdings Limited (TPHL) announced that the expiration date has been extended until 5:00 p.m., New York City time, on June 21, 2019, unless extended or earlier terminated (such time and date with respect to the Exchange Offers, as the same may be extended, the “Extended […]
Trinidad Moves Past Venezuela To Tap Border Gas
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border with Venezuela, prime minister Keith Rowley said. The move indicates Trinidad’s “impatience” with Venezuela’s delay in agreeing on the development of the Loran-Manatee field that […]
Trinidad Moves Past Venezuela To Tap Border Gas
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border with Venezuela, prime minister Keith Rowley said. The move indicates Trinidad’s “impatience” with Venezuela’s delay in agreeing on the development of the Loran-Manatee field that […]
TPHL Bondholders Support Amended Offer
(Trinidad and Tobago Newsday, 7.Jun.2019) — Trinidad Petroleum Holdings Ltd’s (TPHL) decision to amend the terms of its exchange offer for its bonds due this year and 2022, has been welcomed by bondholders. The bondholders established a committee which comprises a large group of international investment firms who are holders […]