Energy Sector Thread - Operators, Engineers, Technicians Et Al

[nervewrecker]

Now get the vid dey.

[eitech]

Well it all on fb now. Sigh meh ole plant

[nervewrecker]

Well like I behind time. Forgot I have a FB acc.

[The_Honourable]

[ST Auto]

Hmmm

[ST Auto]

...

[nervewrecker]

Anyone in here working McDermott or know anyone working there?

[Cantmis]

https://www.tuckerenergy.com/en/Careers

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[nervewrecker]

I see Massy Energy have job fair this Friday at Atlantic Plaza. They hiring, trust me, they hiring.

[alfa]

I see Massy Energy have job fair this Friday at Atlantic Plaza. They hiring, trust me, they hiring.

Like they get a contract with a certain oil exploration and production company

[nervewrecker]

I see Massy Energy have job fair this Friday at Atlantic Plaza. They hiring, trust me, they hiring.

Like they get a contract with a certain oil exploration and production company

Nope, I can confirm it's not that. It's for other things I can't disclose.

[wing]

Link?

[K74T]

http://bit.ly/3TNyNTk

[Cantmis]

Screenshot_20240417_061936_Facebook.jpg

http://bit.ly/3TNyNTk

Competitive salary lol

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[Syberfraggle]

Screenshot_20240417_061936_Facebook.jpg

http://bit.ly/3TNyNTk

Beyond Trinidad and Tobago? So Guyana?

[wall]

Refinery opening soon what yal worried about

[alfa]

Refinery opening soon what yal worried about

How long Rowley looking for a sale now?

[sMASH]

Next ting he sell it to av ... that why he singing bout rowley like his lover boy

[wall]

Refinery opening soon what yal worried about

How long Rowley looking for a sale now?

GE is how many months away? Would be a great time to announce a buyer soon wouldn’t you say ?

[sMASH]

Didn't he have a buyer in 2020?

[maj. tom]

NiQuan terminates 75 employees

Liquidator expected to oversee winding-up exercise

https://www.guardian.co.tt/news/niquan-terminates-75-employees-6.2.1984114.f97380e808

NiQuan yesterday terminated its 75 employees and will now mothball its Pointe-a-Pierre plant, which had been in “sleep” mode.

In an email to all staff, NiQuan’s founder and director Ainsley Gill said the company had run out of money trying to keep the plant operational.

But it is a wind-up petition filed by its former vice president David Small last month which was the final blow for the troubled Gas to Liquids (GTL) plant.

[eliteauto]

I know nothing about the sector, those who know can chime in

Touchstone Exploration Inc is pleased to announce that it has reached an agreement with Trinity Exploration and Production Plc on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity.
Trinity is a crude oil exploration, development and production company with onshore and offshore assets located solely in the Republic of Trinidad and Tobago and is publicly listed on the AIM market of the
London Stock Exchange.
Under the terms of the Acquisition, Trinity shareholders will receive 1.5 common shares of Touchstone for each Trinity common share held.
Completion of the Acquisition is subject to customary regulatory, stock exchange and Trinity shareholder approvals and is expected to close by the end of the third quarter of 2024.
Highlights
• Creates a Trinidadian operator of scale with a significant inventory of onshore and offshore
exploration and development assets.
• Combined funds flow from operations from an increased production base will allow the combined
company to invest in multiple development programs concurrently to accelerate the potential of the
asset base and allow greater optionality over capital allocation decisions.
• Accretive on a funds flow from operations basis to Touchstone shareholders in the first full year
following completion of the Acquisition prior to expected synergies.
• The combined company will benefit from greater economies of scale and recurring annual cost
synergies with a significant anticipated reduction in combined fixed overhead and corporate costs.
Paul Baay, President and Chief Executive Officer, commented:
"We believe this acquisition represents a compelling strategic opportunity which will deliver enhanced scale,
balance sheet strength, and growth opportunities. The business combination will create an upstream oil
and natural gas company of increased scale in Trinidad, enhancing our ability to deliver growth in reserves,
production and cash flows for the benefit of our combined shareholders and local stakeholders."

https://www.facebook.com/photo/?fbid=83 ... 5582680148

[sMASH]

Two similar companies merging. That usually results in redundant positions.

[nervewrecker]

Touchstone has more efficient extration methods hence Trinity possibly giving it up. I don't think Trinity was entirely foreign owned, iirc Well Services part owns that lease and they probably focusing more on drilling than production due to the reason given in the first line.

[Cantmis]

https://www.guardian.co.tt/business/tt- ... e_vignette

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[sMASH]

Watched the conference, 11 years at this rate with current equipment, 5 years additional at this rate but harder to extract and needs some additional techniques, and 6 years additional, but even more effort required to extract.

So 22 years, with upgrades required after 11 years

[Habit7]

10 yrs ago, Ryder Scott said we had only 9 yrs of gas production left. https://trinidadexpress.com/news/local/ ... a.amp.html

I think headlines like this scare ppl who don’t know how to interpret the information given. But it only means the amount of yrs if we do nothing with exploration and enhanced recovery methods. This would not be possible, there will be exploration that will buy us more time plus shared border gas and cross border gas.

The sky is not falling yet.

[sMASH]

It have gas, it jess expensive to extract and is dregs will be sucking .
11 years at current rates and equipment.

[Pyrrhus of Epirus]

I saw a memo from Proman board of Directors, they are also working with the 11 years timeline

[Cantmis]

Curtailments for the longest time

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