(Energy Analytics Institute, 11.Aug.2020) — An oil spill said to have occurred at El Palito refinery, owned and operated by Venezuela’s state oil company Petroleos de Venezuela (PDVSA), has reportedly reached the once pristine beaches of Morrocoy. PDVSA has yet to release a statement regarding the incident. RELATED STORY: El […]
Tag: Caribbean
Wigton Windfarm To List On Jamaica Stock Exchange
(JIS, 3.Dec.2018) — The Wigton Windfarm (WWF) initial public offering (IPO) on the Jamaica Stock Exchange (JSE) is expected for March 2019. General Manager of Public-Private Partnerships and Privatisation Services at the Development Bank of Jamaica (DBJ) Denise Arana noted that the process is progressing smoothly and IPO activities will […]
DeNovo Delivers Initial Gas From Iguana Field Offshore Trinidad
(DeNovo Energy, 21.Nov.2018) — DeNovo Energy Limited, a subsidiary of the Proman Group, announced the first commercial supply of gas from the Iguana Field in Block 1(a), which will deliver 80 million cubic feet of gas per day (Mmcf/d) once fully operational. DeNovo, which became the operator of the field […]
Responding To Disruptive Trends In Energy
(Jamaica Observer, 19.Nov.2018) — Energy storage, distributed energy, renewables and electric vehicles powered by a smart grid are among the main disruptive trends in the global energy sector. Advances in technology and a global call to preserve the environment, combined with consumer demand for more reliable, better quality, lower cost […]
France’s Total Sets Up Production Hub In Jamaica
(Jamaica Observer, Karena Bennett, 18.Nov.2018) — Months after announcing plans to expand operations in Jamaica, Total Jamaica has set up a production hub on the island from which it is looking to export lubricants across the Caribbean. According to the recently appointed Managing Director of Total Jamaica, Christopher Okonmah, Jamaica […]
Trinidad Government Defends Guarantee To Petrotrin
(CMC, 16.Nov.2018) — The Trinidad and Tobago government Wednesday said it provided guarantees of more than US$400 million to the cash-strapped oil company, Petrotrin, to meet its financial and other obligations so far this year. Finance Minister Colm Imbert told legislators that as a result of the guarantee, the public […]
Venezuela Pushing For Dragon Gas In 18 Months
(Trinidad Express, 15.Nov.2018) — Venezuela’s minister of energy, Manuel Quevedo, said yesterday that his country’s state-owned oil giant PDVSA expects to start sending natural gas to Trinidad from the Dragon field, off this country’s north-west coast, within two years. Speaking at a news conference following the 20th ministerial meeting of […]
German Energy Firm To Launch IPO In Jamaica
(Jamaica Gleaner, Neville Graham, 14.Nov.2018) — A foreign investor in Jamaica’s largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in capital. But the German […]
JPS Promises Improved Power Supply After $116 Million Grid Investment
(Jamaica Gleaner,11.Nov.2018) — The Jamaica Public Service Company (JPS) is promising a more reliable power supply with an improved and more reliable grid in which it has invested $116 million this year. In a release, JPS said a major part of the improvement will come from the construction of an […]
Venezuela Gov’t Says Sabotage To Blame For Electric Outages In Margarita
(Energy Analytics Institute, Piero Stewart, 10.Nov.2018) — An explosion that occurred along a segment of the Northeast Gas Pipeline José Francisco Bermúdez, and which caused interruptions in electricity service in Nueva Esparta state, was an act of terrorism and sabotage, announced Venezuela’s Electricity Minister Luis Motta Domínguez. “The interruption of […]
Trinidad Government Announces New Company For Refinery Assets
(Trinidad and Tobago Newsday, Carla Bridglal, 18.Oct.2018) The government has announced a new state company, Guaracara Refining Company, into which the assets of the Pointe-a-Pierre refinery will be placed. The refinery is scheduled to be shuttered by next month, and after the assets have been transferred to Guaracara, the company […]
Trinidad Government Defends Decision To Close Petrotrin
(CMC, 3.Oct.2018) — The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil company, Petrotrin, insisting that the company was losing billions of dollars (One TT dollar=US$0.16 cents) annually. Finance Minister Colm Imbert, delivering the TT$51.7 billion budget […]
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 […]
UNICEF Works on Developing Resilience in Caribbean Islands Affected by Hurricanes
(UNICEF Canada, 12.Sep.2018) — A year after two category 5 hurricanes caused destruction across parts of the Caribbean, most children in the affected countries are now back in school and have access to the services they need, thanks to the efforts of UNICEF and partners. In September 2017, hurricanes Irma […]
Tanker Backlog Builds Again in Venezuela
(Reuters, Marianna Parraga, 6.Sep.2018) — Crude exports by Venezuela’s PDVSA have slowed after a tanker collision at its main port last month disrupted operations, adding to a backlog of vessels waiting to load, according to shipping sources and Reuters data. Oil is the financial lifeline for the embattled socialist government […]
An Iconic Legacy Petrotrin – Not Too Big To Fail
(Trinidad and Tobago Newsday, Melanie Waithe, 5.Sep.2018) — Petrotrin has been in operation for over 97 years, and now our legacy refinery as we know it, will close. Its transition is set to begin next month. The announcement was made on the eve of our 56th anniversary of independence and […]
Petrotrin Financials, Details About Pointe-a-Pierre Refinery
(Energy Analytics Institute, Ian Silverman, 29.Aug.2018) — It’s official: Petrotrin or the Petroleum Company of Trinidad and Tobago Limited will cease to operate its lone refinery located at Pointe-a-Pierre. What follows are details about the company, as per its website. OUR COMPANY We are an integrated oil and gas company, […]
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 […]
Venezuela Gas Price Deal Competitive—Khan
(Trinidad Guardian, 27.Aug.2018) — Government is giving no details on the pricing structure this country will pay for gas from the Dragon Field under the agreement signed with Venezuela on Saturday, but Energy Minister Franklin Khan is assuring that the pricing structure agreed to was competitive and followed “months of […]
Dragon Gas Deal May Be ‘Political Gimmicks’
(Trinidad and Tobago Newsday, Richardson Dhalai, 26.Aug.2018) — The Dragon gas deal may be “public relations and political gimmicks” which may not benefit TT. That’s the view of Pointe-a-Pierre MP David Lee who, in a media release yesterday, cited the 2016 trade deal between TT and Venezuela saying some local […]
Five Things About T&T, Venezuela’s Dragon Gas Deal
(Loop News, 26.Aug.2018) — On August 25, 2018, an historic agreement was made between Prime Minister Dr Keith Rowley and Venezuelan President Nicolás Maduro for access the Venezuela’s Dragon Field. Here are five things to know about the Dragon field gas deal: Dragon will produce 150 million cubic feet per […]
PDVSA, Citgo Evaluating Aruba Gas Plan
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) — Venezuela is evaluating a plan to implement a natural gas project with Aruba. Officials from Venezuela’s state oil company PDVSA, and its refining arm Citgo Petroleum Corporation continue to evaluate the potential of such a project that would imply a gas interconnection between […]
Aruba’s San Nicolás Refinery to Take Faja Oil
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) — Valero’s old Aruba refinery will be revitalized as an upgrader. PDVSA announced the San Nicolás Refinery located in Aruba will be converted into an upgrader in order to process extra-heavy oil from Venezuela’s Hugo Chavez Orinoco Heavy Oil Belt, also known as the […]
MEEI Updates on Status of Trinidad Energy Infrastructure
(MEEI, 24.Aug.2018) — The Ministry of Energy and Energy Industries (MEEI) has been monitoring the impacts of the 6.9 magnitude earthquake which occurred on Tuesday 21st August, 2018 at 5:31 p.m. that reportedly caused some property damage across the country. Reports from the energy sector companies have, so far, indicated […]
Dragon Gas Deal Finalised Tomorrow
(Trinidad and Tobago Newsday, Carla Bridglal, 21.Aug.2018) – After nearly two years of negotiations between this country and Venezuela the deal that will allow TT to process gas from the Dragon gas field is expected to be finalised tomorrow. A release from the Office of the Prime Minister (OPM) said […]
Panama, US To Sign Pact To Expand Access To LNG
(Reuters, David Lawder, 17.Aug.2018) – Panama on Friday will sign an agreement with the U.S. Treasury and Energy departments aimed at paving the way for more private investment to expand the importation and distribution of U.S. liquefied natural gas in Latin America. David Malpass, Treasury undersecretary for international affairs, said […]
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, […]
Webinar Panelist Discuss All Things Guyana
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – The three promised to return to discuss all things Guyana again in six months as the small South American country eyes first oil in 2020. A three person panel — comprised of Guyana’s Minister of Finance, the Honourable Winston Jordan, Trinidad and Tobago’s […]
Venezuela Petrol Prices Need to Rise to Stop Smuggling
(Reuters, Deisy Buitrago and Brian Ellsworth, 14.Aug.2018) – Venezuela’s heavily subsidised domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, president Nicolas Maduro has said. “Gasoline must be sold at an international price to stop smuggling to Colombia and […]
Whither Guyana?
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2018) – On a per capita basis, Guyana is already probably the most resource-rich country on the planet, but is still the poorest English-speaking country, and the 2nd poorest overall after Haiti, writes an Caribbean region economist. As the size of oil discoveries in […]
SeaOne Caribbean Fuel Project Recognized as Strategic
(SeaOne Caribbean, 13.Aug.2018) – SeaOne Caribbean, LLC, which is developing the Caribbean and Central American Fuels Supply Project for natural gas and natural gas liquid (NGLs) delivery, announced that CG/LA Infrastructure has recognized SeaOne’s project as the region’s Top Strategic Infrastructure Project for 2018. The award was handed out at […]
Jamaica Enters New Programme with Energy Agency
(Jamaica Gleaner, McPherse Thompson, 9.Aug.2018) – Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry as a means of stimulating economic growth. This marks their second programme and Jamaica now has a national portfolio of […]
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 […]
Shell calls in a BIG RIG
(Trinidad Express, Aleem Khan, 7.Aug.2018) – More hints that major discovery on the horizon. Offshore Trinidad was one of two sites in the world where oil and gas service provider Rowan Companies plc debuted its ultra-harsh environment jack-up rigs, New York Stock Exchange (NYSE) investors heard last week. The other […]
BPTT Announces Angelin Arrival in Trinidad
(BPTT, 2.Aug.2018) – BP Trinidad and Tobago announced its Angelin platform has arrived in T&T. Angelin, which will be BPTT’s 15th offshore platform, was fabricated in Altamira, Mexico. The topside and jacket sailed from Altamira on June 30. Over the next few weeks they will be installed off the south […]
Wheatley Falls: Latest Casualty of Energy Scandal
(Jamaica Gleaner, Edmond Campbell, 31.Jul.2018) – The ongoing scandal that began at the state-owned oil refinery Petrojam has claimed its latest casualty with the resignation yesterday of Andrew Wheatley as minister of science and technology. This follows several weeks of allegations of nepotism and cronyism that triggered investigations from several […]
10MW LNG Power Plant for The Nest
(Jamaica Gleaner, Steven Jackson, 27.Jul.2018) – A tripartite deal is in the works for the development of a power plant at CB Group’s expansive property and future home called The Nest, that is meant to supply all the poultry company’s energy needs. The disclosures so far indicate that Jamaica Public […]
Petrotrin Board, Union Disagree to Agree
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) – The board of Petrotrin has outlined a plan to reorganise and restructure the state oil company in a bid to make it more competitive and become a viable asset to the people of Trinidad and Tobago. The unions, including the most vocal […]
Atlantic Empowers Employees for Process Safety
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) – Atlantic CEO Dr Philip Mshelbila and BP’s vice president Group Process Safety Central Rob DiValerio have highlighted the central role of employees in the systems that protect natural gas plants from leaks and other failures. The two headlined the recently concluded seventh […]
Colombia Could Create New Oil Bid System
(Reuters, Luis Jaime Acosta, 24.Jul.2018) – Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator said, after repeated cancellations of its latest oil round. The changes, including contracts adjusted to international crude […]
PetroTrin Achieves $85.6 Mln Profit
(Trinidad Guardian, 19.Jul.2018) – Petrotrin chairman Wilfred Espinet said cost reduction initiatives undertaken by the interim executive team installed at the energy company resulted in a second quarter profit after tax of $85.6 million. “The installation of a new executive team from the beginning of March and the implementation of […]
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 […]
Venezuela Claims It Plans To Raise Oil Production
(OilPrice.com, Tsvetana Paraskova, 17.Jul.2018) – Venezuela’s Oil Minister Manuel Quevedo has discussed plans with state-held oil company PDVSA to raise the country’s crude oil production in the second half of the year. While Venezuela and its struggling oil firm claim that they are revising their production planning in order to […]