oil

The Caribbean's New Energy Giant

All-Inclusive

Marriott Is Opening a New Royalton All-Inclusive in Barbados, With a Rooftop Deck, Swim-Out Suites, and Adults-Only Spaces

The west coast of Barbados runs on clear water, steady trade winds, and long ribbons of white sand, where small hotels and beach bars line the shoreline. On June 1, a new resort will join that stretch in St. James: Royalton Vessence Barbados, an adults-oriented all-inclusive that brings a more layered, experience-driven approach to this […]

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 offshore exploration licenses with major global oil firm BHP Billiton. Barbados Prime Minister Freundel Stuart […]

oil

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 offshore, according to a government statement. The country’s president, Donald Ramotar, was on hand this […]

oil

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 Rica last month. In a statement, Trinidad’s government said a major aspect of the visit […]

A New $200 Million Caribbean Offshore Oil Exploration Project

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 in the Caribbean country’s output came despite a shutdown of BHP’s facilities for maintenance in […]

Op-Ed: Rethinking PetroCaribe

By Jevon Minto Op-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 financing of the PetroCaribe agreement had increased; resurrecting fears of economic instability in the […]

Jamaica Begins Oil, Gas Exploration

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 began Nov. 1, is being facilitated under a production sharing agreement between the PCJ and […]

Owners of St Croix's HOVENSA Seek Extension on Sales Agreement

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 Islands government confirmed. HOVENSA, which was the Caribbean’s largest oil refinery before it shuttered in […]

Major Oil Discovery in Trinidad

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 adding to overall national production,” according to Energy Minister Kevin Ramnarine. Repsol operates the field […]

Trinidad Awards Onshore Oil Blocks to Three Bidders

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 Ortoire Block, Lease Operators, Ltd won its bid for the Rio Claro Block and Range […]

Tobago, Major Energy Player?

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 that the country’s central government is collecting significant revenue from energy giant Centrica, which conducted […]

Trinidad's Energy Sector Rebounds

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 following the September completion of “significant, coordinated maintenance works by the two major natural gas […]

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