(Energy Analytics Institute, 6.Aug.2021) — Trinidad and Tobago’s former energy minister Kevin Ramnarine commented on the recent downgrade by Standard and Poor’s rating agency. What follows below are his comments from a recent LinkedIn post: “T&T has been downgraded by S&P four times in the last six years. When we […]
Tag: Kevin Ramnarine
Atlantic LNG’s Future Still Being Discussed
(Trinidad Guardian, 13.May.2021) — The future of Atlantic LNG’s operations and, more specifically, the status of Train 1 is still being discussed by stakeholders. This even though the National Gas Company of T&T Ltd (NGC) has already spent tens of million of dollars to restart the Train 1 plant. Minister […]
Stakeholders: Young, Govt Must Provide Fiscal Incentives To Save Energy Industry
(Trinidad and Tobago Newsday, 23.Apr.2021) — A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector. Young was appointed the post earlier this week after the […]
Ramnarine: Appointment Of Energy Minister Critical To Economy
(Trinidad and Tobago Newsday, 19.Apr.2021) — Former energy minister Kevin Ramnarine said it is critical for the Prime Minister to name a new Minister of Energy over the next two days, as Trinidad and Tobago is still an oil and gas-dependent economy. He said the shortfall in revenue and the […]
Guyana Eyes Gas-To-Power Project Starting In 2021
(Energy Analytics Institute, 2.Oct.2020) — A natural gas-to-power project is expected to start in 2021 to produce reliable electricity for Guyanese citizens, the country’s Natural Resources Minister Vickram Bharrat said 2 October 2020 during The Madrid Energy Virtual Conference. The gas will come from the offshore Stabroek Block, which is […]
Situation In Guyana Goes From Bad To Worse
(Forbes, 18.Jul.2020) — As I wrote earlier this month, the future of the nascent oil and gas industry in the South American nation of Guyana is standing on shaky ground amid the ongoing controversy related to this year’s national elections. The situation only grew worse this week as U.S. Secretary […]
Oil Price Crash Spells Trouble For Trinidad
(Trinidad Express, 9.Mar.2020) — The oil price crash yesterday spells trouble for Trinidad and Tobago’s economy. University of the West Indies economist Dr Roger Hosein said the Government must immediately seek to have a contingency meeting and develop a “plan B” to deal with the financial crisis. It also must […]
TT Faces Soft Energy Prices Despite Iran/US Tensions
(Newsday, 9.Jan.2020) — The price of crude oil, natural gas, ammonia and methanol are critical to the health of the TT economy. These are the main earners of our much-needed US dollars. In the last year the prices of all four have been soft, and that trend seems set to […]
Ramnarine Talks Of TT Energy Sector Crisis
(AZP, 13.Nov.2019) — There is a crisis in the energy sector in Trinidad and Tobago. This is the view of former energy minister Kevin Ramnarine after the announcement by Yara Trinidad Limited that it would be closing one of its three ammonia plants on the Point Lisas Industrial Estate. In […]
South America’s Guyana Enters The Oil Age
(Kevin Ramnarine, 18.Jul.2019) — In February 2017, I captioned an article about the Guyana-Suriname basin, The New North Sea, comparing ExxonMobil’s discoveries in Guyana to discoveries in the Norwegian North Sea starting in 1969. When I wrote that article, ExxonMobil announced its success with the Payara-1 exploration well after two […]
TT Budget On Oil Price Swing
(Trinidad and Tobago Newsday, Carla Bridglal, 22.Nov.2018) — Crude oil’s importance to the TT economy is now second to natural gas, but its contribution is by no means miniscule — estimated to be 6.8 per cent of GDP in 2018 — and so the country should at least be monitoring […]
Petrotrin Concerned: Ramnarine and Seepersad-Bachan
(Trinidad and Tobago Newsday, Sasha Harrinanan, 29.Aug.2018) — Former energy ministers Kevin Ramnarine and Carolyn Seepersad-Bachan, both of whom served under the previous administration, are asking if Petrotrin’s board considered the wider impact of closing its refinery. Ramnarine, in a statement after the board’s announcement yesterday, said “the closure of […]
BHP’s Bongos 2 Well Encounters Hydrocarbons
(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2018) – The well encountered hydrocarbons in Block TTDAA 14. Trinidad and Tobago’s former Energy Minister Kevin Ramnarine revealed the details in a tweet. “I am encouraged by the results of the T&T deepwater campaign. Just received the news that BHP’s 4th well (Bongos 2) […]
Trinidad Energy Infrastructure Unaffected by Earthquake
(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2018) – Energy infrastructure on the twin-island nation of Trinidad and Tobago appears to be OK after an earthquake yesterday in Venezuela. The August 21, 2018 earthquake hit the northern coast of Venezuela, and was felt in neighboring Colombia, Trinidad and Tobago and Guyana. “Buildings […]
Major Petroleum Cos. Pay T&T $114.7 Bln during 2010-2016
(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2018) – Payments by major oil and gas companies to the government of the twin-island nation of Trinidad and Tobago totaled $114.7 billion during 2010-2016. That’s according to figures posted by Strategic Energy Advisor Kevin Ramnarine, who is also the Former Energy Minster of Trinidad […]
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 […]
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 […]
Guyana Outlook: The Nor-way or the Next-Door-Neighbour-Way?
(Energy Analytics Institute, Ian Silverman, 10.Aug.2018) – Regional experts plan to discuss the oil outlook for South America’s Guyana. Caribbean Economist Marla Dukharan will be joined by Guyana’s Minister of Finance, the Honourable Winston Jordan, and the Former Minister of Energy in T&T, Kevin Ramnarine, to discuss the following: — […]
Trinidad’s 21st Century Gas Production
(Energy Analytics Institute, Jared Yamin, 23.Jul.2018) – It’s said a picture paints a thousand words. This one paints 8.9 billion. From 1908 to 2017, Trinidad and Tobago (T&T) has produced 8.9 billion barrels of oil equivalent (boe), announced Strategic Advisor Kevin Ramnarine in a post on LinkedIn. “Most of that […]
National Oil Co for Guyana Would Be Disaster
(Stabroek News, 3.Jun.2018) – The creation of a National Oil Company (NOC) will be “a disaster” for this country warns former Government Advisor on Petroleum, Dr. Jan Mangal who says that Guyana should learn from the experiences of sister Caribbean countries, Trinidad and Tobago and Jamaica. However, the government says […]
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.
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, […]
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 […]
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 […]
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 […]