(Jamaica Gleaner, 20.Mar.2020) — Tullow Oil Plc has fully written off its oil exploration licence for the Walton-Morant Basin offshore Jamaica, on which it has taken a US$36-million hit. The write-off relates to what the company indicated in its most recent earnings report was the relinquishment of the Walton-Morant licence […]
Tag: Petroleum Corporation of Jamaica
Wigton Windfarm Shares To Be Listed Soon On Jamaica Stock Exchange (JSE)
(Jamaica Observer, Balford Henry, 17.May.2019) — The Petroleum Corporation of Jamaica (PCJ) says that the Wigton Windfarm IPO shares will be listed and begin trading on the main market of the Jamaica Stock Exchange (JSE) on Wednesday, May 22. In an update on the developments since the massive Wigton Windfarm […]
Wigton Has Saved Jamaica $54 Million In Oil Imports
(JIS News, Serena Grant, 15.Apr.2019) — Minister of Science, Energy and Technology, Hon. Fayval Williams, says that Wigton Windfarm Limited has saved the Government expenditure of over US$54 million in oil imports. The production of clean energy from the facility has enabled the country to avoid the purchase of 800,000 […]
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 […]
Petrojam Partner Knocks Contract Process
(Jamaica Gleaner, 27.Jun.2018) – Petrojam, the beleaguered government-controlled oil refinery, spent over $14 billion or 74 per cent of its domestic expenditure over a two-year period to last October via direct and emergency sourcing, rather than competitive bidding contracts, an internal audit by Jamaica’s partner in the refinery revealed. The […]
Dominican Republic to Join Caribbean Energy Rush
(Bloomberg, Ezra Fieser, 5.Mar.2018) – The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean to develop energy production. […]