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Regional & Int'l News

Benefitting from a conditional pledge under the new climate accord

Benefitting from a conditional pledge under the new climate accord

The Paris climate pledges submitted through the system of Intended Nationally Determined Contribution (INDC) action plans aim for global decarbonisation. The Trinidad & Tobago pledge includes the concept of a Caribbean Carbon Market (CCM) hosted by the Energy Chamber of Trinidad & Tobago. The market plan has been vetted by Bloomberg New Energy Finance and was showcased at its 2015 summit in New York City. 

Deepwater opportunities in the Eastern Caribbean

Deepwater opportunities in the Eastern Caribbean

Trinidad and Tobago has been an iconic center for delivering hydrocarbons to the international market for several decades.  Most recently it has been known for its production of LNG, Ammonia and Methane.   Many of the challenges and concerns of late have been related to continuous gas supply, the increasingly competitive global market, and of course, low oil and gas commodity prices.

When oil arrives in Guyana

When oil arrives in Guyana

Earlier this year, the news came that Exxon Mobil had found oil offshore Guyana. It appears to be a major find. The news created a sense of euphoria among Guyanese. This discovery came during the tenure of the previous government and immediately, the then President Donald Ramotar arranged for a series of seminars to prepare the nation for the impact of an oil economy.

T&T shut out of gas supply to Jamaica

T&T shut out of gas supply to Jamaica

The likelihood of Trinidad and Tobago ever supplying liquefied natural gas (LNG) to Jamaica, as was mooted at one time, seems more and more remote and probably won't happen at all. 

Guyana Bound - Stena Carron

Guyana Bound - Stena Carron

Exxon has contracted the Stena Carron deep-water drillship to conduct their 2016 drilling campaign offshore Guyana.

Caribbean LNG project awaiting FID

Caribbean LNG project awaiting FID

There is a market for at least 3.5 million tonnes a year (mmty) of liquefied natural gas (LNG) in the Caribbean, one of the last regions in the world to be thinking of switching out of heavy fuel oil/diesel and into natural gas for power generation.