(CNOOC, 25.Apr.2024) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced its operating results for the first quarter of 2024. In the first quarter, the company pressed ahead with oil and gas exploration and development, advanced the enhancement of quality and efficiency, and consolidated its advantage […]
Category: Barbados
Barbados energy
Biden Eases Sanctions on Venezuelan Oil, Republicans Howl
(Politico, 18.Oct.2023) — The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the South American country’s oil industry in response to its new agreement to allow free elections next year. The move reverses years of U.S. policy aimed […]
Venezuela’s Oil Sanctions Relief May Lift Profits, No Fast Output Rebound
(Reuters, 18.Oct.2023) — A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said. The South American OPEC producer received broad waivers from […]
![FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2018/07/DSCF79430001-1200x635.jpg)
FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]
(US Department of State, 18.Oct.2023) — On October 18, 2023, the United States welcomed the announcement of a political agreement between representatives of Maduro and the Unitary Platform, as part of the longstanding policy to support the peaceful restoration of democracy, competitive elections, and respect for the rights and freedoms […]
Venezuela to Divert Barrels from China if US Continues Easing Sanctions
(Reuters, 18.Oct.2023) — Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the OPEC country, instead taking barrels away from its current main destination China, experts said. The administration of U.S. President Joe Biden plans to provide some […]
Senior Administration Officials on Venezuela
(US Department of State, 18.Oct.2023) — Senior US Departement of States administration officials held a teleconference to discuss political advancements in Venezuela. MODERATOR: Good evening, everyone, and thank you so much for joining us this evening for this background call on Venezuela. This evening’s call is on background and attributable […]
Venezuelan Oil Output Could Jolt if Reported Sanctions Deal Transpires: Rystad
(Rystad, 17.Oct.2023) — A reported deal between the US and Venezuela to ease sanctions on the South American country’s oil industry could pave the way for a medium-term increase in production of 200,000 barrels per day (bpd). The deal, reported by US media on Monday, would see the US ease […]
US State Department: Joint Statement on Venezuela Negotiations
(US Department of State, 17.Oct.2023) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, the Canadian Minister of Foreign Affairs the Honourable Mélanie Joly, and the United Kingdom Secretary of State for Foreign, […]
Venezuelans Return to Negotiations
(US Treasury, 16.Oct.2023) — The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along with likeminded partners and other friends of Venezuela, the United States will continue its efforts to unite the international community in support of the Venezuelan-led […]
Barbados Caps Fuel Prices, PM Mottley Says
(Energy Analytics Institute, 15.Aug.2022) — Barbados Prime Minister Mia Amor Mottley has capped fuel prices through January 2023 after earlier reducing the value added tax on electrical usage. “Bajans, I hear and I feel you. I know these are increasingly difficult times for many. It is for that reason my […]
NRGBriefs: Caribbean Monthly Economic Report June 2022
(Energy Analytics Institute, 24.Jun.2022) — Energy briefs including economic details not limited to inflation reaching 11.2% y/y in 1Q:22 in the Cayman Islands, Hurricane Agatha causing severe flooding in Cuba in June 2022; Guyana’s Natural Resource Fund hitting $643.98mn in May 2022; Suriname’s real GDP growth is expected to reach […]
Cuba Exceeds Fuel Import Budget: April 2022 Caribbean Monthly Economic Report
(Energy Analytics Institute, 25.Apr.2022) — Cuba exceeded its fuel import budget in the first quarter due to higher fuel prices while Trinidad & Tobago is expected to experience a “balance of payments crisis this year “absent significant reforms and economic recovery,” Caribbean Region Economist Marla Dukharan wrote 25 April 2022 […]
NRGBriefs: BHP Barbados Farm-out; YPF on Form 20-F; Chevron Venezuela
(Energy Analytics Institute, 21.Apr.2022) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario Martínez participating in an official ceremony in Loma Campana to inaugurate the Néstor Kirchner Gas Pipeline from the Vaca Muerta […]
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]
Hydrogène de France Accelerates Renewstable® Plant in Barbados
(HDF Energy, 16.Feb.2022) — Hydrogène de France (HDF Energy) announces that Renewstable® Barbados (“RSB”), the largest hydrogen power project in the Caribbean, has taken a new major step in its development with Rubis acquiring a 51% stake in its capital. This transaction follows the strategic agreement signed between the two […]
NRGBriefs: Renewable Energy Ops In The Caribbean
(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS — The Caribbean Renewable Energy Forum 2021 takes place from […]
Barbados Implements IMF’s Enhanced General Data Dissemination System
(IMF, 24.Mar.2021) — Barbados has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential data through the National Summary Data Page (NSDP). The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between […]
Caricom On Withdrawal Of Team From Guyana
(Caricom, 18.Mar.2020) — The Caribbean Community (CARICOM) deeply regrets that it has been forced to withdraw the independent High Level Team it fielded on Saturday, 14 March 2020, to supervise the re-counting of the ballots in Region 4 of the General and Regional Elections of 2 March 2020 in Guyana. […]
Caricom Comments On Guyana Elections
(Caricom, 12.Mar.2020) — Caricom released a press statement by the groups Chairman Prime Minister Mia Mottley of Barbados following a two-day visit to Guyana. BY A DELEGATION OF CARICOM HEADS OF GOVERNMENT, INCLUDING PRIME MINISTERS ROOSEVELT SKERRIT OF DOMINICA; DR. KEITH MITCHELL OF GRENADA; DR. RALPH GONSALVES OF ST VINCENT […]
CARICOM PMs To Make Post-Elections Visit To Guyana
(Barbados Office of the Prime Minister, 11.Mar.2020) — Prime Minister Mia Amor Mottley will lead a delegation of regional Prime Ministers on a special two-day mission to Guyana, starting tomorrow March 11. The chairman of CARICOM will be joined by Prime Ministers Roosevelt Skerrit of Dominica, Ralph Gonsalves of St […]
Barbados PM Mottley On Guyana Elections
(Barbados PM Office, 7.Mar.2020) — The Caribbean Community calls on the electoral officials in Guyana and the representative political parties to work together to achieve a peaceful and lawful completion of the electoral process in Guyana by ensuring the tabulation of the results in all Regions using the Statement of […]
Trinidad And Barbados Sign Unitization Agreement
(Office of the PM of Trinidad and Tobago, 17.Feb.2020) — Prime Minister of the Republic of Trinidad and Tobago, Dr the Hon. Keith Rowley and Prime Minister of Barbados, the Hon. Mia Mottley signed a unitization agreement today (Monday 17 February, 2020) in Bridgetown, Barbados. The agreement will allow for […]
Barbados, T&T Gas Search
(Caribbean Life, George Alleyne, 25.Oct.2019) — In what may be emerging as a Caribbean energy triangle of sorts, Barbados and Trinidad and Tobago have signed a pact governing natural gas exploration at the overlapping nautical point of their exclusive economic zones, and a similar deal between the Bajans and Guyanese […]
OPEC Releases MOMR With Data Thru Feb. 2019
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and the Caribbean from Venezuela, Ecuador, Brazil, Colombia, and Mexico. *** © Energy Analytics Institute (EAI)
Barbados Hunting New Suppliers Following Closure of Petrotrin Refinery
(Jamaica Gleaner, 14.Sep.2018) — Barbados says it is holding discussions with a number of suppliers to replace the energy arrangements it had with oil refinery Petrotrin. The refinery, based in Trinidad & Tobago, is locking down operations, a measure it blamed on increasing financial losses. The closure has led to […]
Trinidad Imports 40% of Oil from Russia
(Energy Analytics Institute, Ian Silverman, 27.Aug.2018) —Trinidad and Tobago is relying on Russia as its main source of imported crude oil. Between January and June 2018, the small twin-island country imported over 15 million barrels of crude oil from the [Petrotrin] refinery. Of that, 40% of the crude oil imports […]
Shell Oil Traders Trade One Caribbean Paradise For Another
(Reuters, Julia Payne, 17.Aug.2018) – Royal Dutch Shell’s oil traders in the Caribbean island of Barbados are getting ready for a tough gig – they’re being moved to the Bahamas next month. The relocation of the oil and gas company’s trading hub for Latin America will make travel to customers […]
Guyana to Become 5th Largest Oil Producer in LAC Region
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – If all goes off as planned, by 2025, Guyana will be the 5th largest oil producer in the Latin American and Caribbean region. That’s according to an analysis of data posted by Trading Economics, and extrapolation of estimates of Guyana’s future oil production, […]
Republic Bank Opens Solar-Powered Branch in Barbados
(Trinidad and Tobago Newsday, Sasha Harrinanan, 8.Aug.2018) – Barbados has its first ever solar-powered banking facility – the newest branch of Republic Bank (Barbados) at One Barbados Place in Warrens, St Michael. The branch is part of the bank’s Going Green initiative – launched in 2017, and features an ultra-modern […]
Caribbean Plugs into Electric-Car Revolution
(Trinidad Express, Sophie Hares, 7.Aug.2018) – With her foot down to show off the acceleration of the zippy electric car, Joanna Edghill spins around the car park before plugging the vehicle into a charging point beneath rows of solar panels converting Caribbean rays into power for the grid. In the […]
Barbados: A $3 Billion Exercise
(Barbados Today, Marlon Madden, 17.Jul.2018) – It will require an estimated $3 billion worth of investment in a diverse set of renewable energy sources if Barbados is to achieve its goal of 100 per cent renewable energy usage by 2030. At the same time, officials are predicting that the island […]
Barbados to Establish New Renewable Energy Regime
(Barbados Today, Marlon Madden, 17.Jul.2018) – Within another month producers of electricity from renewable energy sources should have an idea of the new rate they will be paid for selling power to the Barbados Light & Power (BL&P) under the Renewable Energy Rider (RER) programme. This promise has come from […]
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for Latin America and the Caribbean or CEPAL by its Spanish acronym. The details were revealed in CEPAL’s annual report titled […]
Oil Price Weighs on Barbados’ Inflation
(Trinidad Express, Aleem Khan, 4.Jul.2019) – High oil prices on their own appear to be good neither for Trinidad and Tobago nor Barbados, according to statements by an International Monetary Fund (IMF) senior economist, and Petroleum Company of Trinidad and Tobago Limited (Petrotrin) Chairman Wilfred Espinet, over the last week. […]
Caribbean Of 2040: Vibrant Economies
The Caribbean Of 2040: vibrant economies where people are safe, productive, and happy, according to a video by Inter-American Development Bank (IDB).
Barbados: Energy Boost
(Barbados Today, Luova Labs, 20.Feb.2018) – Government’s spokesman on energy Senator Darcy Boyce has said that independent producers of renewable energy would likely be able to supply more energy to the national grid and have a fixed price for doing so in a matter of months. In fact, Boyce, the […]
Barbados And BHP Billiton Sign Exploration Licenses
(BHP, 30.Apr.2015) — The Government of Barbados and BHP Billiton today signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. These blocks are approximately 40 kilometres southeast of the island nation, total about 5,000 square kilometres and are located in waters ranging from approximately 1,200 to 2,000 metres […]