oil

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 …

Finding Harmony Between South African and Jamaican Cuisine

 By Nigel SpenceCJ Contributor I recently had the opportunity to travel to the southernmost point of the African continent – South Africa- an experience I will not soon forget and highly recommend. I was lucky enough to stay in the …

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 …

LATEST NEWS

 Above: Aruba PM Mike Eman and Haiti PM Laurent Lamothe (Photo: OPM Haiti) By Alexander Britell In a region with few natural resources, tourism is to the Caribbean as oil is to the Middle East. To be sure, some countries …

 By David RoweOp-Ed Contributor What be will the impact of Hugo Chavez’s death upon the Caribbean and the Hemisphere at large? It’s likely that, eventually, the bilateral relationship between Venezuela and Cuba, which was predicated on the personal relationship between …

 By the Caribbean Journal staff The Bahamas’ government has renewed the oil exploration licence for offshore oil firm Bahamas Petroleum, the company announced in a statement Monday. The licences were renewed as of Sept. 7, and the company has been …

 Above: Guyana’s Kaieteur Falls By the Caribbean Journal staff While several Canadian firms are already working in Guyana’s oil, gas and mining sectors, the country could get more assistance from Canada. Two Canadian institutions, the College of the North Atlantic …

 Above: Minister Philip Paulwell By the Caribbean Journal staff Jamaica’s Energy Ministry is moving forward with plans to drill for gas and oil in its offshore waters next year, according to Minister Philip Paulwell. The country has already drilled 11 …

 Above: the blocks in question (Source: Trinidad Ministry of Energy) By the Caribbean Journal staff Grenada’s government is denying reports of a conflict with Trinidad and Tobago over oil blocks. The government said it noted an article in the Trinidad …

 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 …

 Above: CGX Drilling COO Mike Stockinger, Noel Dennison of the Guyana Geology and Mines Commission, Environment Minister Robert Persaud (Photo: GINA) By the Caribbean Journal staff Oil firm REPSOL began offshore drilling in Guyana on Feb. 7, while Canadian firm …

 Above: USVI Governor John de Jongh speaking to the St Croix Chamber of Commerce By the Caribbean Journal staff Following the announced closure of the HOVENSA refinery in St Croix, the Caribbean’s largest, the US Virgin Islands is focusing on …

 By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean …

 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 …

 Above: Finance Minister Winston Dookeran (Photo: TGISL) By the Caribbean Journal staff Trinidad Finance Minister Winston Dookeran presented a $7.4 billion ($47 Billion in TTD) budget for 2011/2012 in an announcement at the House of Representatives, which is currently meeting …

 By the Caribbean Journal staff The Caribbean region, like the rest of the developing world, must refocus its strategies from crisis-fighting to structural reforms aimed at growth, according to this month’s Global Economic Prospects report from the World Bank. “Developing …

 

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