Featured
The most important discussion on Caribbean energy
Other players in Guyana are gearing up for exploration activity. The news out of Guyana is normally dominated by the successful campaign by ExxonMobil and partner, Hess. While they have certainly been the drivers of the prolific discoveries in Guyana, other majors are also putting things in place to hopefully replicate the success of Exxon.
If Trinidad and Tobago is going to make a success of the newly formed state oil company, Heritage Petroleum (Heritage), the Minister of Finance is going to have to follow through on his previous commitments to review the way in which Supplemental Petroleum Tax (SPT) is structured. The current way in which this tax against revenue is structured acts as a serious impediment to investment in the oil sector.
At the 2019 Trinidad and Tobago Energy Conference, the keynote speaker was Michael Stoppard, Vice President and Chief Strategist for Global Gas, IHS Markit.
In an interview with Proactive Investors UK earlier this year, Chairman of Columbus Energy Resources plc (Columbus), Leo Koot, said that this was the year for which they have been waiting.