oil

Barbados Signs Oil Exploration Agreement With BHP Billiton

 Above: Barbados (CJ Photo) By the Caribbean Journal staff The Caribbean continues to look for oil off its shores, and now Barbados is continuing its exploration with a new agreement. The country announced this week that it had signed two …

A New $200 Million Caribbean Offshore Oil Exploration Project

 Above: the Deepwater Champion By the Caribbean Journal staff US energy giant ExxonMobil is launching its nearly $200 million oil exploration project in the waters off the coast of Guyana. The company’s ship, Deepwater Champion, is at the Starbroek Block …

Venezuela President Nicolas Maduro to Visit Trinidad and Tobago

 Above: Venezuela President Nicolas Maduro By the Caribbean Journal staff Venezuela President Nicolas Maduro is visiting Trinidad and Tobago this week. The visit comes after an invitation extended by Trinidad Prime Minister Kamla Persad-Bissessar after the CELAC summit in Costa …

LATEST NEWS

 Above: Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad is reporting a 2 percent increase in oil/condensate output in the fourth quarter of 2014. That was revealed by the Ministry of Energy and Energy Affairs last week. The increase …

 Above: Group General Manager of the Petroleum Corporation of Jamaica, Winston Watson (JIS Photo) By the Caribbean Journal staff Jamaica has embarked on an oil and gas exploration project, the Petroleum Corporation of Jamaica announced this week. The project, which …

 By Jevon MintoOp-Ed Contributor The International Monetary Fund’s Director for the Western Hemisphere Department, Alejandro Werner, warned this week, during a forum held in Montego Bay on Unlocking Economic Growth in the Caribbean, that the likelihood of fallout in the …

 Above: the HOVENSA refinery in St Croix By the Caribbean Journal staff The owners of the HOVENSA oil facility in St Croix have asked for an extension of the agreement governing the sales process for the property, the US Virgin …

 Above: Port of Spain (CJ Photo) Spain-based energy firm Repsol recently made what Trinidad’s government is calling a “major” oil discovery. The Ministry of Energy said Repsol had discovered 40 million barrels of oil, which is “already on production and …

 Above: Tobago (CJ Photo) By the Caribbean Journal staff Could Tobago soon become a “major energy player?” That’s the view held by Victor Hart, chairman of the Steering Committee of the Trinidad and Tobago Extractive Industries Transparency Initiative. Hart said …

 Above: Trinidad (CJ Photo) By the Caribbean Journal staff Three companies have successfully bid for a group of onshore oil blocks in Trinidad, the Ministry of Energy and Energy Affairs announced. Primera Oil and Gas won its bid for the …

 Above: Port of Spain (CJ Photo) By the Caribbean Journal staff The energy sector in Trinidad returned to positive growth in the last quarter of 2013, according to data from the country’s Central Bank. The bank said the growth came …

 Above: Energy Minister Kevin Ramnarine at a spill-affected beach this week (Photo: MEEA) By the Caribbean Journal staff Trinidad and Tobago’s government is vowing “swift action” to deal with a string of oil spills on the country’s southern coast, although …

 By the Caribbean Journal staff The sale of Hess’ oil storage terminal in St Lucia has been confirmed, the government said Tuesday. Hess CEO John Hess reportedly communicated the news by telephone to St Lucia Prime Minister Dr Kenny Anthony. …

 Above: the talks in Trinidad this week (Photo: TME) By the Caribbean Journal staff Trinidad’s Energy Minister and BP are viewing a recent seismic survey off the coast of the country with a “high degree of optimism,” according to a …

 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 …

 Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad and Venezuela held talks this week on the “unitization of cross-border hydrocarbon reservoirs” between the two countries. It was the second time the two countries had convened the …

 Above: Gov. Alejandro Garcia Padilla and former US President Bill Clinton   By the Caribbean Journal staff Puerto Rico has a large-scale solar project in the works, along with a pair of new wind farms. And if it plays its cards …

 Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago has officially become a member of the United Nations World Tourism Organization, UNWTO Secretary General Taleb Rifai announced this week. Trinidad, which, unlike much of the …