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Caribbean


Dominican Republic to attend Caribbean Energy Security Summit

US Vice President Joe Biden will be hosting a summit on Caribbean energy security on January 26, 2015 in Washington D.C.  The Dominican Republic, Jamaica, Grenada and Caribbean nations are attending the summit whose goal is to promote a cleaner and sustainable energy future in the Caribbean. Dominican Today, January 18, 2015 The White House…

V.I. to foreclose on HOVENSA, sue for breach of contract

During a press conference, Governor Kenneth Mapp of the Virgin Islands, directed his government to proceed with a foreclosure of the HOVENSA property citing natural resources damages and groundwater contamination against HOVENSA.  Additionally he asked his legal counsel to pursue claims of breach of contract against Hess Corp, HOVENSA and its owners in regards to…

Plummeting energy prices sting Caribbean’s economic powerhouse

As the price of oil declines Latin American and Caribbean countries are feeling the bite of the rolling energy market.  Trinidad and Tobago current economic turmoil has placed its prime minster into a tight corner. Kamla Persad-Biessessar, prime minister of Trinidad and Tobago, had assured her country last fall when price starting falling that it…

Closer Cuba ties could present oil opportunities later

With President Barack Obama’s decision to normalize relations between the United States and the island nation of Cuba it is expected that many commercial opportunities will arise for Americans. Although this may be true for most private companies, U.S. oil producers are not expected to take full advantage of those opportunities.  Our very own Jorge…

China-Latin alliance could set tone for Lima climate summit

At the current U.N. summit in Lima, Peru, negotiations are underway to produce a new draft climate agreement that will be finalized in Paris next year. All countries involved are expected to put forward national contributions to the effort, including a reduction in greenhouse gas emissions. by Guy Edwards and Sophie Purdom, RTCC, December 5, 2014…

An Ailing Venezuela Trims Oil Diplomacy

An Ailing Venezuela Trims Oil Diplomacy

As Venezuela struggles with dropping crude prices, Caribbean and Central American countries are preparing for cutbacks in shipments of oil from the country. 13 beneficiaries of Venezuela, called Petrocaribe, have depended on Venezuela’s oil for the past decade. In return, they provide the country with diplomatic support on the international stage. by Ezequiel Minaya, The Wall…

RBC Caribbean economist: PetroCaribe countries paying more with lower oil price

Now that oil prices are lower, PetroCaribe countries are paying more for crude oil. Caribbean territories of Jamaica, Haiti and the Dominican Republic have been receiving close to, or in excess of, their full PetroCaribe quotas. These are the countries that will be the most significantly affected by an end to PetroCaribe shipments. by Aleem Khan,…

St. Kitts-Nevis Continues To Enhance Use Of Solar Energy

St. Kitts and Nevis has been able to continue to enhance its use of solar energy due to the assistance of governments and funding from regional project. the Government of the Republic of China has been one of the federation’s main solar energy partners. by Glen Bart, St. Kitts & Nevis Observer, November 28, 2014 St….

Near $200m Energy Saving From Natural Gas Switch

If the Bahamas make the switch from fossil fuels to natural gas, it could realize a $200 million energy saving. The switch would place the Bahamas right behind the Dominican Republic and Jamaica, making it the third greatest economic beneficiary in the Caribbean. by Neil Hartnell, Tribune 242, November 24, 2014 The Bahamas would realise between…

Caribbean FLNG undocks in China and prepares for Pacific Rubiales’ Colombia offshore projects

A celebration was held for the undocking of the Caribbean FLNG facility from the Wison Offshore & Marine dry dock in Nantong, China. This even represents a game-changing project that brings the industry one step closer to making floating LNG a reality. by Paddy Harris, Oil and Gas Technology, November 19, 2014 A ceremony was held…

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Site Last Modified: February 26, 2015