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Caribbean


TT’s oil production hits two-year high

TT’s oil production hits two-year high

T&T’s oil production hit a two-year-high in September according to the Ministry of Energy, producing an average of 84,848 barrels per day. This information came to public eye after an October 3 meeting of Energy Ministry officials. by Aleem Khan, Petroleum World, October 13, 2014 The Ministry of Energy said T&T’s oil production hit a two-year…

Offshore Cuba – can Russia succeed where others have failed?

Cuban ally Russia has said that it will help develop Cuba’s offshore oil industry which is estimated at 5 billion barrels of undiscovered reserves. Cuba is currently producing 50,000 barrels of oil a day but still must import 100,000 barrels daily from Venezuela. So far, exploration drilling in Cuba’s deepwater have be unsuccessful, because of…

NPD Solarbuzz: Latin America, Caribbean Region to install 9 GW of solar PV within five years

Solar photovoltaic technology is increasing rapidly across the Latin America and Caribbean region. Currently the region exceeds 22 gigawatts of solar PV pipeline across all phases of development. Within the next five years, 9 more gigawatts of projects will be installed. The region is a good candidate for PV pipelines because the region currently has…

Why Caribbean Sustainability is Smart

Why Caribbean Sustainability is Smart

The “green” movement has taken over, tourists seek “green” hotels and resorts, professionals want to work with companies that are conscious of nature, and consumers want eco-based services and experiences. Due to this movement, it makes sense that the Caribbean is making efforts toward sustainability. by Ryan Peterson, Caribbean Journal, September 29, 2014 When 80 percent…

EU, Spain, IDB to help Caribbean develop renewable energy

The Inter-American Development Bank signed a joint declaration with the European Union and Spain regarding energy efficiency in the Caribbean. IDB is planning on working with donor organizations and countries in order to avoid duplication on projects and to collaborate in the field of renewable energy in the Caribbean. by Jamaica Observer, September 29, 2014…

No oil drilling for now off Cuba

No oil drilling for now off Cuba

by Timothy O’Hara, The Key West Citizen, August 16, 2014 Florida Keys residents concerned about oil exploration off Cuba can breathe easier as plans for drilling have been put on hold. Two experts on Cuban politics and oil exploration confirmed media reports that Cuba has shifted its focus away from offshore oil exploration, and instead…

After offshore oil failure, Cuba shifts energy focus

By Marc Frank, Reuters, August 11, 2014 HAVANA (Reuters) – Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say. With so much oil readily available around…

Latin America plays take on added importance

by David Paganie, Offshore Magazine, July 16, 2014 Oil and gas exploration and production operations in Latin America might take on added importance with turmoil clouding the upstream prospects in the Middle East, eastern Europe, and western Africa. With that in mind, Offshore takes a look at one of the most successful theaters and one…

Repsol reports oil discovery east of Trinidad and Tobago

by OGJ Editors, Oil & Gas Journal, July 7, 2014 Spain’s Repsol says it discovered oil with its TB14 well drilled on the TSP block offshore Trinidad and Tobago, upgrading the northern portion of Teak B field. The well is outside the existing Teak field extension, east of the island of Trinidad. It tested at…

US should be ready if Petro Caribe tightens credit terms, study says

By Nick Snow, OGJ Washington Editor, Oil & Gas Journal, July 16, 2014 The possibility that Venezuela’s financial support for energy imports in the region could erode quickly makes it imperative for the Obama administration to adopt a wide range of policies to avoid an energy crisis in the Caribbean and Central America, a recent…

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Site Last Modified: October 8, 2014