Trinidad and Tobago inks new LNG deal with Shell

Must Read

After more than 4 months with no election results; is Guyana’s uncertainty finally coming to an end?

Investors like stability and predictability. Knowing what to expect in the future forms the basis for multimillion-dollar investments in...

Venezuela sanctions set off fight for ‘plundered’ oil cargo

(AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of...

75% of targets at Orinduik block hold 3 billion barrels worth of light oil – Holzman

Even though the market has expressed disappointment in the heavy oil found in the Jethro and Joe wells at...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(CMC) — The Government of Trinidad and Tobago on Wednesday signed a new energy agreement with Shell at the energy company’s headquarters in Netherlands.

Prime Minister Dr Keith Rowley joined Ben van Beurden, Chief Executive Officer of Royal Dutch Shell on Wednesday and witnessed the new agreement that is seen as significant milestone for Trinidad and Tobago as it features an enhanced revenue package for the sale of liquified natural gas (LNG).

The energy deal is the result of months of positive and relationship-building discussions between Shell and the Government.

According to a statement from the Office of the Prime Minister, the agreement reflects the mutual importance of the relationship and the value Shell has placed on Trinidad and Tobago as a province.

“The parties have committed to continue their discussions surrounding the development of the energy sector in Trinidad and Tobago,” the statement said.

Before the signing ceremony Rowley met with Shell’s Integrated Gas and New Energies Director – Maarten Wetselaar who is responsible for Shell’s integrated gas business, including the industry-leading liquefied natural gas and gas-to-liquids positions.

While in The Netherlands, Rowley and his delegation will visit the Shell Technology Centre in Amsterdam where he will tour the facility and receive an update on the latest technology being developed and deployed across Shell and specifically in Trinidad and Tobago to leverage improved returns in the energy sector.

- Advertisement -

Latest News

After more than 4 months with no election results; is Guyana’s uncertainty finally coming to an end?

Investors like stability and predictability. Knowing what to expect in the future forms the basis for multimillion-dollar investments in...

TechnipFMC in major deal with Assiut National Oil Processing Company

UK-based TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new...

Venezuela sanctions set off fight for ‘plundered’ oil cargo

(AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes...

75% of targets at Orinduik block hold 3 billion barrels worth of light oil – Holzman

Even though the market has expressed disappointment in the heavy oil found in the Jethro and Joe wells at the Orinduik block, it should...

Brazil’s Petrobras begins decommissioning offshore platform in Campos Basin

Brazilian state oil company Petrobras says it has begun the decommissioning of the P-12 platform in the Campos Basin and will also be moving...

More Articles Like This