Tuesday, December 11, 2018

Trinidad News

Trinidad Signs Pact with BP, Shell

Cabinet appointed Empowered Negotiations Team continued negotiations with British Petroleum Trinidad and Tobago (BPTT) and Shell Trinidad and Tobago Limited. Photo: Government of the Republic of Trinidad and Tobago

The government of Trinidad and Tobago (T&T) has entered into an agreement with energy giantsShell and BP over gas pricing and LNG activities.According to local media reports, 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…

Precision Drilling Demands Breaks Away Fee for Trinidad Drilling

Image: Precision Drilling

The largest driller in Canada Precision Drilling Corp said it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced that it will take control of Trinidad Drilling Ltd. by acquiring a majority of Trinidad’s shares.Ensign Energy Services, an oilfield services provider based in Calgary, has taken up 56.38 percent of Trinidad Drilling Limited’s shares in a hostile…

Denovo Delivers First Gas to NGC from Iguana Field

Image: Denovo Proman

Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago.According to a release from the company, DeNovo plans to deliver 80 million standard cubic feet of gas per day (MMSCFD) from the Iguana field for use by the petrochemical plants on the Pt Lisas Industrial Estate through the National Gas Company of Trinidad and Tobago.

IMO Assists Cuba in Spill Preparedness

Pic: International Maritime Organization (IMO)

Cuba is the fourth Caribbean country to receive International Maritime Organization (IMO) assistance on spill preparedness in recent weeks, following similar events in Mexico, Suriname and Trinidad & Tobago.An IMO-funded workshop on ‘National Contingency Planning’ took place in Havana (13-15 November). The event was part of renewed efforts in the region to identify gaps in existing spill…

Rowan Reliance Awarded Fieldwood Contract

© Bernt Christian Egeland / MarineTraffic.com

Offshore drilling contractor Rowan Companies plc announced Monday that its drillship Rowan Reliance has been awarded a contract in the U.S. Gulf of Mexico by Fieldwood Energy LLC.The contract is for a firm term of one year plus three 90-day options, and is expected to commence the first quarter of 2019. The R-Class ultra-deepwater Rowan Reliance is currently warm stacked offshore Louisiana in the U.S.

Rowan Sells Two Jack-up Rigs to ARO Drilling

Image: Rowan Companies

Texas-based offshore drilling contractor Rowan Companies announced that it has concluded the sale of two LeTourneau TARZAN Class jack-up rigs, the Scooter Yeargain and the Hank Boswell, to ARO Drilling.The net economic impact of this transaction was that Rowan received approximately $90 million in cash and $176 million in shareholder notes from ARO Drilling as consideration for the two rigs.In addition to Rowan's 50% equity stake in ARO Drilling…

Precision Drilling Trumps Ensign Bid for Peer Trinidad

© ??????? ??????? / Adobe Stock

North American drilling contractor Precision Drilling Corp on Friday said it would buy Trinidad Drilling Ltd in a deal valued at C$1.03 billion ($796 million), trumping a hostile bid from rival Ensign Energy Services.The acquisition, which has an enterprise value of about C$4 billion, makes Precision the third-largest driller in the United States with more than 200 active rigs and 322 rigs in total…

Fugro Secures E&P Support Contracts

Photo: Fugro

Fugro has won three contracts with BHP Petroleum (Deepwater) Inc., which see the company delivering a range of specialist services to support exploration and production operations in Trinidad and Tobago and the Gulf of Mexico.Within Trinidad’s Block 3(a) Fugro is providing geophysical and geotechnical services from dedicated vessels to support the development of the Ruby field. From its deepwater survey vessel…

MMT Inks 10 New Contracts over 2 Months

(Photo: MMT)

Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco…

Cantium Contracts Rowan Jack-up

 Image: Rowan Companies plc

Rowan Companies plc announced that the Rowan EXL III, an EXL Class high specification jack-up rig, has been awarded a six-month contract from Cantium in the U.S. Gulf of Mexico.The contract is expected to commence in early November 2018. The EXL III is currently under contract with Cantium in the U.S. Gulf of Mexico through mid to late August 2018. Rowan is a global provider of contract drilling services with a fleet of 27 mobile offshore drilling units…

Spanish LNG Cargoes Set for Export from Gas Terminals

© Pere Sanz / Adobe Stock

The following table lists liquefied natural gas (LNG) cargoes set to be loaded on tankers for onward export.Spain is Europe's most diversified gas importer and has the continent's biggest LNG import capacity spread across its six terminals, sourcing LNG from Qatar, Nigeria, Trinidad, Algeria and other producers.Imported cargoes are stored in tanks located at terminals, where the LNG can either be regasified and pumped into the local grid or loaded on to new tankers for export.Port

Aquaterra Energy Installs First CSP Platform for Offshore Trinidad and Tobago

Photo: Aquaterra

Aquaterra Energy, a global offshore engineering solutions provider, has announced it has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in the Gulf of Paria, offshore Trinidad and Tobago. This is the first platform of its kind to be installed in the country, and was completed in just ten months. Located in the Iguana field, the Sea Swift was installed from a jack-up rig in 27 meters water depth…

Payne Named Chevron HS&E VP

Chevron Corporation named David Payne corporate vice president of Health, Environment and Safety, effective May 1, 2018. Payne is currently vice president of Chevron’s Drilling and Completions organization. He succeeds Wes Lohec who has elected to retire from Chevron after 37 years of distinguished service on June 1, 2018. In his new role, Payne, 58, will be responsible for leading Chevron’s Health…

Argentina Seeks 22 LNG Cargoes

File Image (CREDIT: AdobeStock / (c) Fotmart)

Argentina's state-run Enarsa launches tender to buy 22 liquefied natural gas (LNG) cargoes for delivery from May to August for delivery to its two import terminals, trade sources said. Enarsa seeks nine full-size cargoes for its Bahia Blanca terminal and 13 half-size deliveries to its river terminal at Escobar. Bids must be submitted on or before March 6 and pricing must be based on either U.S. Henry Hub or Brent crude oil.

US Could Get First LNG Import from Russia despite Sanctions

Christopher De Margerie (Photo: SCF Group)

A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions against the company that operates the Russian facility, according to a report by S&P Global Platts and Thomson Reuters shipping data. The tanker Chris. De Margerie picked up a cargo from Novatek PAO's Yamal facility, Russia's second LNG export terminal, on Dec.

BHP Hires Four Banks for U.S. Shale Exit

File Image (CREDIT: AdobeStock / (c) Shamtor)

BHP hires Barclays, Citi, BAML and GS. BHP , the world's largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit, with a view to taking a decision in early 2018, sources said. BHP said in August it aimed to sell its unconventional onshore shale assets in the Eagle Ford, Permian, Haynesville and Fayetteville basins…

Trafigura's Purchases from State Oil Firms Rose in 2016

Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes, up from about a quarter in 2015, according to the company's annual responsibility report published on Wednesday. In its 2016 annual financial report, Trafigura said oil purchases had increased significantly from Russian state firm Rosneft and the United States after the country removed a ban on crude exports.

BP’s LNG Carrier Fleet is Growing

BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers. The vessels will join BP’s exixting fleet to help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio.

Return To Scene Delivers First Caribbean Project for BP Trinidad & Tobago

Photo: Return to Scene

Aberdeen-based visual asset and data management (VAM) specialist Return To Scene Limited, part of James Fisher and Sons plc, has completed and delivered its first project for BP Trinidad and Tobago (BPTT). The digital survey of BP’s normally unmanned installation (NUI) Mango, build into the R2S system and project delivery were completed within just one month. The opportunity presented by this new geographic market is particularly exciting for Return To Scene.

BHP hires Barclays, Citi for U.S. shale gas divestment

File Image (CREDIT: AdobeStock / (c) Shamtor)

BHP Billiton has hired Barclays and Citigroup to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion, two banking sources said. U.S. activist investor Elliott Advisors, which has built up a 5 percent stake in BHP's London-listed arm, has urged changes including divestment of its U.S. petroleum business and ending its dual listing in Britain and Australia, to boost shareholder value.