(Trinidad Guardian, 4.Jul.2018) – The Ministry of Energy and Energy Industries is predicting that over the next five years methanol prices will average US$375 per metric tonne, while ammonia prices will be closer to US$310 per metric tonne. Subscription required by Trinidad Guardian to read complete article. ***
Category: Trinidad and Tobago
Trinidad and Tobago energy
Trinidad, Venezuela Near Gas Sales, Export Agreement
(TeleSur, 29.Jun.2018) — The government of Trinidad and Tobago is projecting that a gas sales agreement with Venezuela will be finalized, signed and ready to be implemented by July 16. “We have finally narrowed down all of the terms and conditions, and we’re outstanding on one item, and we’re supposed […]
Guyana Potential Game Changer for Petrotrin
(Trinidad and Tobago Newsday, Julien Neaves, 27.Jun.2018) – Guyana and its eight oil finds can be a game changer for state-owned Petrotrin and TT, says National Gas Company (NGC) Chairman Gerry Brooks. He was speaking during a presentation at the Chamber of Industry and Commerce’s Business Outlook breakfast meeting held […]
Stuart Young Leads Venezuelan Energy Talks
(LoopTT, 27.Jun.2018) – Minister in the Office of the Prime Minister, Minister in the Ministry of the Attorney General and Legal Affairs and Minister of Communications Stuart Young led a Trinidad and Tobago delegation in Venezuela on Wednesday. The team comprised of the President of the National Gas Company of […]
Trinidad, Guyana and Suriname: Challenges
(AIPN, 27.Jun.2018) – Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a discussion in London. The select group will consist of Kevin Ramnarine, former Trinidad & Tobago Energy Minister (2014-15); Energy Strategic Advisor and Lecturer Carlos Bellorin, […]
A Visit to Weatherford Laboratories, Trinidad
(Energy Analytics Institute, Ian Silverman, 14.Jun.2018) – Have you ever wanted to visit Weatherford’s facilities in Trinidad? The AAPG Young Professionals of Trinidad and Tobago (AAPGYPTT) have announced an open invite for a tour of Weatherford on the island. Details follow: Date: Thursday June 14, 2018 Time: 8am- 2pm Venue: […]
Critchlow Labour College Working with T&T Cos
(Stabroek News, 8.Jun.2018) – Having long established itself as a significant contributor to tertiary education in Guyana, the Critchlow Labour College is seeking to embrace the demand for training in the various disciplines associated with the country’s emerging oil and gas industry to rebuild its reputation as a major contributor […]
Regional Deepwater Industry in Southern Caribbean
(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2018) – Kevin Ramnarine discusses the regional deep-water industry in the southern Caribbean during a technical speech in Trinidad on the emerging regional deep-water province of Suriname, Trinidad and Tobago and Guyana, which was hosted by the Geological Society of Trinidad and Tobago and streamed live.
Trinidad and Tobago Clean Energy Conference 2018
(Energy Chamber of Trinidad and Tobago, 7.Jun.2018) — The Energy Chamber of Trinidad and Tobago invites you to our Clean Energy Conference 2018, now in its 2nd year and themed “Towards Implementation”. This is the only conference in Trinidad and Tobago dedicated to renewable energy and energy efficiency. In 2017, […]
Cuba’s Fuel Supply and Exports Pressure Currency
(Energy Analytics Institute, Piero Stewart, 7.Jun.2018) – Cuba’s foreign currency will be under pressure this year. “Difficulties with fuel supply and a drop in exports have continued to put pressure on the availability of foreign currency,” wrote Caribbean Economist Marla Dukharan in a recent Caribbean Economic Report, which is available […]
Deepwater Projects Breakeven at $42/bbl, Ramnarine Says
(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2018) –That’s according to comments by former Trinidad and Tobago Energy Minister Kevin Ramnarine. “On average, deep-water projects need an oil price of US$42 per barrel to break even at an NPV10. Assuming a 15% internal rate of return hurdle (NPV15), 5 billion barrels of […]
Ramnarine Talks About Southern Caribbean Deepwater Industry
(Energy Analytics Institute, Ian Silverman, 31.May.2018) – Former Trinidad and Tobago Energy Minister Kevin Ramnarine will speak in Port of Spain about the regional deepwater industry in the Southern Caribbean. An abstract from his technical talk about the regional deepwater industry in the Southern Caribbean, and the case of Guyana, […]
Moody’s Projects T&T Energy Sector Rebound
(LoopTT, 24.May.2018) – Moody’s Investors Service is projecting an Energy Sector-led rebound in growth to support the fiscal trajectory. On Wednesday, Moody’s upgraded Trinidad and Tobago’s Trinidad Drilling Ltd.’s (Trinidad) Corporate Family Rating (CFR) to B2 from B3. The country’s rating outlook remains stable at this time. Moody’s also noted a narrowing fiscal […]
Energy, Education, and Learning Through NRG ED
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its “Energy Education Initiative” in the Americas, also known as “NRG ED.” NRG ED is structured to work with K-12 schools, community colleges, four-year colleges and universities, workforce training programs, communities and businesses, and […]
BP Projects Higher Future Cash from T&T
(By Trinidad Express, Aleem Khan, 22.May.2018) — BPTT’s standardized measure of discounted future net cash flows for 2017 was updated to US$3.3 billion in the company’s annual report released earlier this month. Up from US$909 million in 2016, and US$1.8 billion in 2015, BP cautioned: “Future net cash flows have […]
Gas Supply Problems Turning Cos. Away from Trinidad
(InterFax, 18.May.2018) – Jerome Dookie, the chief executive of Trinidadian ammonia producer Caribbean Nitrogen Co. (CNC), said on Wednesday that gas supply disruptions have made Trinidad and Tobago a less attractive location for new petrochemical projects. “In terms of new projects being built, Trinidad and Tobago is no longer an […]
Shell’s T&T boss: Diversify Quickly
(By Trinidad Express, Aleem Khan, 18.May.2018) — Royal Dutch Shell’s Derek Hudson, local country chair of the world’s second largest oil and gas company, said Trinidad and Tobago has ‘only scratched the surface’ with regard to its offshore oil and gas exploration and production. However, speaking at the Institute of […]
T&T No Longer Attractive for New Gas Projects
(By Trinidad Express, 17.May.2018) — The CEO of ammonia producer Caribbean Nitrogen Company (CNC), Jerome Dookie, said yesterday that problems with natural gas supplies have made T&T a less attractive location for new petrochemical projects, given issues of gas curtailment and the current price of natural gas. “Capital will always […]
TT’s Energy Landscape
(Trinidad and Tobago’s Newsday, Richardson Dhalai, 10.May.2018) — Trinidad and Tobago has been involved in the petroleum sector for over 100 years and is the largest oil and natural gas producer in the Caribbean. However, by the early 1990s its hydrocarbon sector moved from being primarily an oil-based economy to […]
Claire Fitzpatrick, First Female to Lead BPTT
(BPTT, 1.May.2018) – Mrs. Claire Fitzpatrick has been appointed as Regional President of BP Trinidad and Tobago (BPTT). In this role, Mrs. Fitzpatrick will be accountable for BPTT’s performance and BP’s business interests in Trinidad and Tobago. She is the first female to lead BPTT, which produces approximately 15% of […]
ECLAC Ssays Venezuela’s Economic Activity to Fall 8.5% in 2018
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by its Spanish acronym, projects economic activity in troubled Venezuela will contract 8.5% in 2018. Gross domestic product or (GDP) estimates for other important countries and […]
Venezuela Never Closed Its Doors on T&T Nationals: Lawmaker Says
(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Venezuelan lawmaker José Brito wrote in a Twitter post that the OPEC country never closed its doors to the hundreds of Trinidadian nationals that left their twin-island nation to seek opportunities in Venezuela. When Trinidad’s Prime Minister Keith Rowley says in regards to […]
Favorable Terms To Help Guyana Prove Potential
(Rystad, 19.Apr.2018) — Rystad Energy analysis shows that Guyana’s fiscal regime is favorable to oil companies when compared to mature oil and gas development countries but is in line when compared with other countries of equivalent maturity. The International Monetary Fund, quoted early last week by Reuters, argued that the […]
Ghana Trade Mission Breakfast: Claxton Bay, Trinidad
(The Energy Chamber of Trinidad and Tobago, 19.Apr.2018) – The Sekondi Takoradi Chamber of Industry and Commerce and the Ghana National Petroleum Corporation (GNPC) will be part of an incoming Trade Mission to Trinidad from April 23rd – 28th, 2018. The Energy Chamber of Trinidad and Tobago is organising a […]
Officials from Trinidad and Venezuela Discuss Gas Deals
(Energy Analytics Institute, Piero Stewart, 27.Mar.2018) – Delegations from Trinidad and Tobago and Venezuela meet in Caracas to review progress related to gas agreements between both nations, reported PDVSA in an official statement. The delegations reviewed the progress of agreements to finalize construction, operation and maintenance of a gas pipeline […]
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).
Trinidad – Upstream Activity Snapshot in 2018
(Kevin Ramnarine, Strategic Energy Adviser). Former Minister of Energy. Business School Lecturer. International Speaker, 3.Jan.2018) – This is a summary of upstream activity for Trinidad and Tobago in 2018. 1) Rowan will have 4 rigs drilling in 2018. By June 2018 all four will be working simultaneously. Two of these will […]
The Caribbean Poised To Become Major Oil Region
(OilPrice.com, Haley Zaremba, 22.Aug.2017) – In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the fossil fuels industry, despite its proximity to the vast oil reserves of Venezuela. Now, the […]
BPTT’s Angelin Platform Being Built in Mexico
(BPTT, 1.Jun.2017) — Watch BPTT’s Angelin platform come to live in this time lapsed video. See the amazing progress of the BPTT Angelin platform being built in Altamira, Mexico Watch the amazing progress of the @BP_TandT #Angelin platform being built in Altamira, #Mexico https://t.co/5L9v8So3J0 @TTEnergyChamber #energyconference2018 pic.twitter.com/m736HjVLLc — bp (@bp_plc) […]
BPTT’s Angelin Project Gets Green Light
(BPTT, 1.Jun.2017) — BP Trinidad and Tobago LLC announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – bpTT’s 15th offshore production facility – 60 kilometres off the south-east coast of Trinidad in water-depth of approximately 65 […]
Tofco Completes Fabrication Of Historic Juniper Topsides
(Chet Morrison, 25.Mar.2017) — TOFCO recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad. The project marks a milestone for Trinidad and Tobago as it is the largest offshore structure ever fabricated in the country. Juniper is a Normally Unmanned Installation (NUI) […]
Juniper’s Trinidad Journey: From Construction To Installation
(BP, 20.Feb.2017) — With a platform weighing nearly 10,000 tons in the Caribbean Sea, BP’s Juniper is no small feat. The $2 billion subsea project in Trinidad and Tobago will bring up to 590 million cubic feet of natural gas per day to the country’s Petrochemicals and Liquefied Natural Gas […]
LGO Approved for Mayaro Infill Wells in Trinidad
(LGO Energy plc, 4.Jan.2017) – LGO Energy plc provided a further update on its plans to recommence production drilling at the Goudron Field in Trinidad following its announcement of December 21, 2016. The company’s local operating subsidiary, Goudron E&P Limited (GEPL), received approval from the Petroleum Company of Trinidad and […]
Trinidad Energy Chamber Head Talks Marketplace
(The Oxford Business Group, 25.Sep.2016) — Energy Chamber of Trinidad and Tobago CEO Thackwray “Dax” Driver talks about the expanding marketplace. What is the significance of recent oil and gas discoveries in Guyana? THACKWRAY “DAX” DRIVER: The Liza discovery in Guyana is very significant and has increased interest in the […]
Venezuela, Trinidad Sign Energy-Related Deals
(Energy Analytics Institute, Pietro D. Pitts, 23.May.2016) – Venezuela’s President Nicolas Maduro and Trinidad and Tobago’s Prime Minister Keith Rowley were both present during an energy-related signing ceremony in Port of Spain between the two countries. Trinidad’s Minister of Energy and Energy Industries Nicole Olivierre signed the agreements for her […]
![Trinidad & Tobago Gas Master Plan Final Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/pp-tt-gas-2015.png)
Trinidad & Tobago Gas Master Plan Final Report [PDF Download]
(Poten & Partners, 30.Sep.2015) — Trinidad & Tobago’s final master natural gas plan prepared for the Ministry of Energy and Energy Affairs as of September 2015 by Poten & Partners. ____________________
EMAS AMC Wins Contract for Angostura Project
(Ezra Holdings Ltd., 8.Sep.2015) – Singapore’s Ezra Holdings Limited (Ezra or the Group), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, announced its subsea services division, EMAS AMC, finalized a contract with BHP Billiton for the Angostura phase 3 development offshore Trinidad and […]
T&T Energy Ministry Supports Expansion into Guyana
(Piero Stewart, Special for Energy Now, 1.Jun.2015) – Trinidad and Tobago will seek to capitalise on energy projects in the region as part of broader push outside of the country’s borders, and especially into Guyana, which has recently announced a significant offshore oil discovery. Oil field service companies from Trinidad […]
Caribbean Rex Finds Oil In Trinidad
(Rex International Holding Ltd., 21.Jan.2015) – Rex International Holding Limited (Rex International Holding or the Company, and together with its subsidiaries, the Group), one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, announced that its 98.4 percent-owned license-holding company Caribbean Rex Limited (Caribbean […]
LatAmNRG: Heard On The Street 3Q:13
(Energy Analytics Institute, 30.Sep.2013) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. The names of our many sources have been withheld to protect their identities and family members in Venezuela. COMBUSTIBLES A number of gasoline stations […]
Venezuela, Trinidad Meet Over Border Gas
(Energy Analytics Institute, Ian Silverman, 26.Aug.2013) – Venezuelan Oil Minister Rafael Ramirez met with his counterpart from Trinidad and Tobago, Kevin Ramnarine in Caracas to discuss a development plan for natural gas fields that straddle the maritime borders of their countries. The ministers announced plans to develop the Manatee-Loran gas […]