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T&T LNG boosts Shell’s sales

By Aleem Khan Royal Dutch Shell’s liquified natural gas (LNG) sales gained 16 per cent in the third quarter of 2014, thanks to its acquisition of Repsol’s LNG assets in T&T and Peru, Shell chief financial officer Simon Henry said during a conference call with...

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US$55m to be invested in onshore blocks

Investments totalling $US55 million, possible maximum expenditure of $US945 million in the development phase, creation of new jobs and significant economic activity are expected from signing of onshore licenses by three energy companies—Range Resources Limited,...

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Analyst: US$6.2 billion investment in energy for T&T

An energy analyst says US$6.2 billion in investments in deep and ultra-deepwater areas of T&T over the next two years, will help to offset Government’s apparent move away from an energy-dependent economy. Effuah Alleyne, a senior analyst with research and...

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T&T returning to 100,000 barrels of oil a day

By Aleem Khan After licensing approximately 12.5 per cent or one-eighth of T&T’s total land mass for oil and gas exploration Friday, Energy and Energy Affairs Minister Kevin Ramnarine forecast that when they come into production, the country’s crude oil output...

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Three companies to invest minimum US$55M in oil hunt

By Sasha Harrinanan A “MINIMUM investment value” of US$55 million is expected to take place over the next six years when Lease Operators Ltd, Range Resources Trinidad Ltd and Primera Oil and Gas Ltd establish a total of 12 exploration wells and conduct both 2D and 3D...

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