Page 7 - LatAmOil Week 17 2022
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LatAmOil                               ANTIGUA AND BARBUDA                                         LatAmOil



                         It said it had entered the order for the 46-MW   “Notably, these engines could be an ideal plat-
                         plant, which will use regasified LNG as its pri-  form for future decarbonisation strategies by
                         mary fuel, in its books in January of this year.  making use of carbon-free fuels, such as hydro-
                           The statement did not say when construc-  gen and ammonia ... The decision to use regas-
                         tion was likely to begin. But it did report that the   ified LNG, the cleanest of all fossil fuels, will
                         new thermal power plant (TPP) was due to start   result in about 40% less carbon production and
                         operating in the third quarter of next year. When   is in step with the Government of Antigua and
                         finished, the facility will deliver electricity to the   Barbuda and APUA’s plan to reduce its environ-
                         Antigua Public Utilities Authority (APUA) for   mental footprint.”
                         distribution via the national transmission grid.   Eagle LNG Partners, APC and APUA joined
                         (APUA is also responsible for purchasing gas for   forces for the LNG-to-power project last year.
                         delivery to the Caribbean LNG terminal.)  According to a previous statement from the
                           Under the terms of its contract with APC, the   US Embassy in Barbados, the Eastern Carib-
                         Finnish company will supply five Wärtsilä 34DF   bean and the OECS, the three companies broke
                         dual-fuel engines for the TPP. These engines are   ground on the Crabbs TPP last July. The new
                         flexible, as they can burn both residual fuel oil   plant will be the first gas-fired facility of its kind
                         and natural gas, but also have “high efficiency   on the island. ™
                         across the entire load range,” the statement said.
                           They will also be the first engines in a Wärt-
                         silä plant coupled with an LNG terminal in the
                         eastern Caribbean, it added.
                           “This integrative plant concept is expected
                         to become a model for other island utilities in
                         the Caribbean as the acceptance of LNG fuel
                         increases in line with efforts to reduce emission
                         levels,” it said.
                           The Finnish company stressed the poten-
                         tial environmental benefits of the project. “The
                         fast-starting capability means that the engines
                         can reach full power within five minutes, ena-
                         bling them to provide efficient grid-balancing
                         capacity as the adoption of renewable energy
                         from wind and solar increases,” it commented.   Rendering of Caribbean LNG’s planned regasification plant (Image: Inoxcva)



                                                      BARBADOS
       Shell farms into two blocks offshore




       Barbados under deal with BHP Billiton






                         BHP Billiton (Australia) revealed last week that   approvals and authorisations from the relevant
                         it had sold part of its equity stakes in two explo-  regulatory agencies.
                         ration licences offshore Barbados to a subsidiary   Shell has initiated the deal with BHP but will
                         of Shell (UK).                       complete the transaction with the company that
                           In an operational update, BHP explained   results from the latter’s upcoming merger with
                         that it had signed a farm-out agreement that   Woodside Energy, another Australian firm.
                         gave Shell stakes of 40% in Bimshire and Carl-  BHP had revealed earlier in April that it had
                         isle Bay, also known as Blocks Cb-II and Cb-IV   concluded a share sale agreement (SSA) with
                         respectively. The two blocks are adjacent, with   Woodside in November 2021 that provides for
                         Bimshire located to the south-east of Barbados   its entire oil and gas portfolio to be merged into
                         and Carlisle Bay directly south of Bimshire.  the latter company via an all-stock transaction.
                           The Australian company acquired the right   As of press time, neither BHP, Shell nor
                         to explore both blocks during a licensing round   Woodside had divulged the value of the deal or
                         in 2007. The two sites cover a combined area of   spoken publicly about plans for exploration of
                         5,004 square km and lie in waters ranging from   the two blocks offshore Barbados. However, the
                         1,200 to 2,000 metres deep.          Energy Chamber of Trinidad and Tobago said in
                           According to the operational update, the   a statement that it expected the project to gen-
                         parties expect to finalise the deal by the end of   erate a certain amount of new business for the
                         June, assuming that they secure the necessary   oilfield services sector of Trinidad and Tobago.



       Week 17   28•April•2022                  www. NEWSBASE .com                                              P7
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