Search Result for: petroleum

64 results found.

HOVENSA Shutdown Leads to Significant Drop in US Virgin Islands’ GDP

Above: the USVI By the Caribbean Journal staff The real GDP of the United States Virgin Islands fell by 13.2 percent in 2012, according to the United States Bureau of Economic Analysis. That was due almost entirely to the shutdown […]

Trinidad “Ready to Partner” With Uganda on Energy Sector

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad stands “ready to partner” with Uganda as that country seeks to develop its oil and gas sector, according to Energy Minister Kevin Ramnarine. The Minister held talks this […]

Is Trinidad the Capital of the Caribbean?

By Michael W Edghill CJ Contributor On Tuesday, United States Vice President Joe Biden met with CARICOM leaders in Port of Spain as part of a regional tour with scheduled stops in Colombia and Brazil. Perhaps even more intriguing is […]

PetroCaribe Member States Agree to Establish “Economic Zone”

Above: the summit in Caracas By the Caribbean Journal staff The seventh PetroCaribe summit in Caracas concluded this weekend with an agreement by member countries to establish a PetroCaribe “economic zone.” The move would expand the PetroCaribe oil agreement, which […]

Belize Reports “Encouraging” Oil Discovery in Orange Walk District

Above: Parliament in Belmopan By the Caribbean Journal staff Maranco Energy Belize Limited, which is currently searching for oil in the Orange Walk District in the country’s northeastern region, has discovered an “encouraging oil show,” according to the government. The […]

Op-Ed: Solar Energy and the Caribbean’s Economic Future

By Paul Hay Op-Ed Contributor According to the Energy Policy and Sector Analysis in the Caribbean (2010 – 2011), the “Caribbean islands have the potential to lead the world to a new energy future.” Research on this paper was the […]

US Virgin Islands, HOVENSA Extend Interim Agreement as Talks Continue

Above: the HOVENSA refinery By the Caribbean Journal staff The government of the United States Virgin Islands and HOVENSA have agreed to extend an interim agreement to make fuel available as the two sides negotiate on the future of what […]

Op-Ed: Energy Generation in the Caribbean Needs to Change, Part 2

By Paul Hay Op-Ed Contributor In part 1, I made the point that Caribbean states cannot depend on monopoly power providers to implement their renewable energy policies. But, a strategy needs to be effected that enables operation of independent power […]

Barbados Planning to Award Offshore Oil Drilling Licences to BHP Billiton

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados will soon be awarding offshore oil drilling licences to energy firm BHP Billiton, the government announced in a release Tuesday. The licences will be for the Carlisle Bay and Bimshire […]

Trinidad Sees Rise in Unemployment

Above: Port of Spain, Trinidad By the Caribbean Journal staff The unemployment rate in Trinidad and Tobago rose to 5.4 percent in the first quarter of 2012, according to data released this week from Trinidad’s Central Statistical Office. That represented […]

Paulwell: Private Sector Must Drive Jamaica’s Energy Development

Above: Kingston By the Caribbean Journal staff The future of energy development in Jamaica is in the hands of the private sector, according to Energy Minister Phillip Paulwell. The Minister said the duty of Jamaica’s government was to enable an […]

Forbes: Jamaica’s Energy Insecurity

By Marcia Forbes, PhD CJ Contributor Heavy Burden of Imported Oil The figures stunned me. Anthony Hylton, Minister of Industry, Investment & Commerce and Julian Robinson, State Minister in the Ministry of Science, Technology, Energy & Mining both spoke at […]

Trinidad Energy Sector Contracted in First Quarter: Central Bank Report

Above: Port of Spain By the Caribbean Journal staff Trinidad and Tobago’s energy sector contracted in the first quarter of 2012, according to a Mid-Year Financial Stability Report released by the country’s Central Bank. The report pointed to lower output […]

Grenada Succeeds in Protecting Cash in US and Vacating Restraining Notices

By L Andrew S Riccio CJ Legal Contributor Grenada is an island nation better known for its beaches and diving than for petroleum production. But in 2004, RSM Production Corp., a US company, applied for a petroleum exploration license from […]

Op-Ed: Jamaica’s Debt Trap

By Kent Gammon Op-Ed Contributor The state of the Jamaican economy over successive administrations tells the story of Jamaica’s evolving debt trap. The distinction that should be appreciated amongst successive administrations is how well each managed (or perhaps more appropriately […]

Interview with Branville McCartney of the Bahamas’ Democratic National Alliance

Above: Branville McCartney (centre) By Alexander Britell In early 2011, Branville McCartney, a Bahamian Member of Parliament for the Bamboo Town constituency representing the ruling Free National Movement, broke off from the party to found a new one: the Democratic […]

Panama President Martinelli, Trinidad PM Persad-Bissessar Talk Energy

Above: Panama President Ricardo Martinelli and Trinidad PM Kamla Persad-Bissessar during the visit (Photo: OP) By the Caribbean Journal staff Following her visit to Panama in March, Trinidad Prime Minister Kamla Persad-Bissessar held bilateral talks in Panama City with President […]

St Kitts and Nevis Passes International Monetary Fund’s December Tests

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis met all of the International Monetary Fund’s quantitative performance criteria at the end of December in addition its structural benchmarks, according to George Tsibouris, head of […]

Durandis: As Garry Conille Exits, Haiti Heads Toward a Fish-Tail Ending

Above: Garry Conille at the installation of his cabinet (Photo: OP) By Ilio Durandis CJ Contributor Early on in life, I was taught one thing about fish: don’t mess with the tail. In Haiti, the saying of “queue poisson” is […]

Bahamas Lowering Carbon Footprint

Above: downtown Nassau (CJ Photo) By the Caribbean Journal staff In 2010, the Bahamas imported more than 7.8 million barrels of oil and other petroleum products, spending nearly $700 million in the process. Now, the country is beginning to lower […]

Canadian Firm Sagres to Continue Offshore Oil Exploration in Jamaica

Above: An offshore rig By the Caribbean Journal staff Canadian firm Sagres Energy has received an extension on its licences in Jamaica, continuing the firm’s exploration according to three production-sharing agreements with the Petroleum Corporation of Jamaica. The three agreements […]

Largest Caribbean Oil Refinery to Close

Above: the HOVENSA refinery in St Croix By the Caribbean Journal staff The HOVENSA oil refinery in St Croix, US Virgin Islands, will be shut down, the company announced today. The refinery, which is one of the 10 largest in […]

US Private Equity Firm Buys Controlling Stake in Largest Jamaican Fuel Retailer

Above: Cool Corp is the Jamaica licensee for Shell (Photo: Shell) By the Caribbean Journal staff United States private equity firm Blue Equity has purchased a controlling interest in Cool Petroleum, the largest fuel retailer in Jamaica, according to a […]

Barbados, Trinidad Talk Natural Gas

By the Caribbean Journal staff Barbados and Trinidad are currently negotiating a deal that would import natural gas into Barbados, according to Sir Harcourt Lewis, chairman of the country’s National Petroleum Corporation. Lewis was speaking at the 30th anniversary luncheon […]

Trinidad “Ready” to Aid Africa on Energy

By the Caribbean Journal staff Trinidad and Tobago stands ray to assist Africa in the development of its oil and gas industries, Trinidad Energy Minister Kevin Ramnarine said in a speech at the Commonwealth Business Forum in Perth, Australia. Trinidad […]

Grenada, Trinidad Talk Energy

Above: St George’s, Grenada (Photo: Grenada) By the Caribbean Journal staff Grenada and Trinidad and Tobago have begun talks on ways in which the two countries could cooperate in the energy sector. Grenadian Energy Minister Nazim Burke met Wednesday with […]

Oil Company Anadarko Looks at Guyana

Above: Anadarko VP Ian Cooling meeting with President Bharrat Jagdeo. Middle: Noel Dennison, head of GGMC’s Petroleum Division (Photo: GIA) By the Caribbean Journal staff Anadarko Petroleum Corporation, the largest private US oil company, is brainstorming the prospects of a […]

Trinidad Minister: “Gas Not Running Out”

By the Caribbean Journal staff While Trinidad’s natural gas reserves have declined, the country is not running out of gas, according to Minister of Energy and Energy Affairs Kevin Ramnarine. “I want to make it very clear that gas is […]

Mary J. Blige Just Joined the Lineup for the St Kitts Music Festival