EOG prepares exploration & production schedule for T&T

EOG Resources has approved a prospective exploration and production schedule for Trinidad and Tobago for the next five years.

The company made the disclosure Prime Minister Dr Keith Rowley has met with a high-level delegation from EOG Resources.

Their plan includes the deployment of a number of wells for both production and further exploration which is based on their analysis of recent state-of-the-art seismic work. 

Khan: No intention to sell Paria Trading Company

Energy Minister Franklin Khan is refuting claims that the government intends to sell the Paria Fuel Trading Company.

In a statement issued Monday, the Energy Ministry says that the minister has taken note of newspaper reports that could give the impression that it is the intention of the government to sell the Paria Fuel Trading Company Limited. 

PM: T&T's gas production increasing

Prime Minister Dr Keith Rowley has said that this country's gas production is on the rise and that the government is hoping that with some new initiatives production will continue to steadily increase. 

Dr Rowley, who was speaking at the opening of the Energy Conference on Monday, said new production is expected to be brought on stream, which will bring this country's production level to 3.9 billion cubic feet in 2019. 

Uncertainty over T&T-Venezuela gas deal following sanctions

Minister in the Office of the Prime Minister Stuart Young has said that the government does not know as yet if the US sanctions on Venezuela's state-owned oil company PDVSA would affected the gas deal between Venezuela and Trinidad and Tobago.

"We are seeking advice to determine how they may affect the deal," Young said in response to a question by Opposition Leader in the Senate, Wade Mark.

He said it was premature at this time to say what, if any, effects it may have.

Young: New agreements with Bp, Shell to "significantly enhance revenues of T&T"

Minister in the Office of the Prime Minister Stuart Young has announced that the government has reached an agreement with Bp and Shell that he says will bring "significant" financial benefits to Trinidad and Tobago.

The agreement involves new pricing arrangements, the extension of the Atlantic LNG Train 1 by a further five years, and the ability of the National Gas Company (NGC) to export liquified natural gas (LNG) on behalf of T&T.

The minister made the announcements as he addressed today's post-Cabinet media conference.

Espinet: I didn't recommend Petrotrin be closed

Petrotrin chair­man Wil­fred Es­pinet says while he told Gov­ern­ment of­fi­cials that the re­fin­ery would like­ly not be prof­itable in a meet­ing in Jan­u­ary, he nev­er ad­vised Gov­ern­ment to close down Petrotrin.

Es­pinet made the com­ment yes­ter­day dur­ing cross-ex­am­i­na­tion by Oil­fields’ Work­ers’ Trade Union at­tor­ney Dou­glas Mendes SC, as the union’s in­dus­tri­al re­la­tions of­fence com­plaint against Petrotrin con­tin­ued.

Opposition Leader talks to Guyana private sector on energy

Op­po­si­tion Leader Kam­la Per­sad-Bisses­sar will speak to the Guyanese pri­vate sec­tor on lessons Trinidad and To­ba­go has learned on man­ag­ing oil and gas rev­enues when she at­tends a func­tion in Guyana to­mor­row.

Per­sad-Bisses­sar will give the pre­sen­ta­tion as the fea­tured speak­er at the 23rd Awards Pre­sen­ta­tion and Din­ner host­ed by the Guyana Man­u­fac­tur­ing & Ser­vices As­so­ci­a­tion’s (GM­SA) at the Pe­ga­sus Ho­tel, George­town.

Khan: Fuel cover for 20 days after Petrotrin refinery closes

Up­on the clo­sure of Petrotrin’s re­fin­ery next month, there will be a 20-day sup­ply of fu­el from stock “to start with,” En­er­gy Min­is­ter Franklin Khan has as­sured the trav­el­ling pub­lic.

“Trust me - I want to give the coun­try the as­sur­ance there will be a smooth tran­si­tion from re­fin­ery fu­el to im­port­ed fu­el,” Khan added in Par­lia­ment yes­ter­day in re­ply to Op­po­si­tion con­cerns over the fu­el sup­ply af­ter the re­fin­ery’s clo­sure.