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Caribbean Energy Conference 2009

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Launched on June 1, 2002 and published bimonthly, ENERGY Caribbean is a subscription-based magazine and the first publication of its type ever devoted exclusively to the energy industry in the Caribbean. The annual ENERGY Caribbean Yearbook, a survey of developments in the year in energy gone by and outlook for the year ahead, is free to all subscribers, and is available for single purchase for non-subscribers.

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Iissue No. 45 – October 2009

• DEEP HORIZON DRILLING
EOG Resources takes another stab at the deep in 2010
Despite the fact that the Ibis Deep well, drilled to 19,068 feet in the South East Coast Consortium (SECC) block by bpTT three years ago, did not find hydrocarbons, at least one petroleum company executive is convinced that the deeper horizons in the Columbus Basin off Trinidad’s east coast will eventually become a producing province.

• TRINIDAD BUNKERING
Greek company raises the bar for local bunkering
Trinidad and Tobago’s bunkering industry will get a shot in the arm when the Greek company Aegean Marine Petroleum Network, one of the world’s fastest-growing bunkering companies, finally gets its licence to operate in local waters in the next few months.

• RENEWABLE ENERGY
Electricity companies move into renewables
Caribbean electricity companies, which from time immemorial have run on oil and gas, have formally adopted renewables as an additional source of energy, and have accessed a US$500,000 grant from the Inter-American Development Bank (IDB) for the purpose.

• LATIN AMERICA ENERGY
Proposed new Trinidad refinery will face stiff Latin competition
Trinidad and Tobago’s ministry of energy and energy industries (MEEI) would be well advised to try and reach a decision sooner rather than later on the proposed 250,000 b/d refinery complex at Pointe-à-Pierre which has been part of its strategic planning for some time.
 
• ENERGY PROFILE
How accountant Monty Pemberton became an energy CEO
Joel (“Monty”) Pemberton has at least one thing in common with Robert Riley, chairman and CEO of the BP Group’s Trinidad and Tobago business, bpTT.

• FUELS RETAILING
NP boss wants fuel prices raised to improve margins
With an asset base of TT$1.3 billion (US$216 million), the state-owned Trinidad and Tobago National Petroleum Marketing Company (NP) believes it should be earning a better return than it does, and its Chief Executive Officer Richard Callender makes no secret of his desire for higher pump prices for transportation fuels.

• SURINAME BID ROUND
No takers – but blocks stay open for discussion
The depressed global exploration climate, and caution on the part of petroleum companies about which regions are worth the risk, seem to have taken their toll on the auction of offshore blocks 43 and 44 by the Suriname state oil company Staatsolie, which closed on May 19.



• ALSO IN THIS ISSUE
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ENERGY Caribbean Yearbook 2009-10

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MEP congratulates ENERGY Caribbean author and co-founder, David Renwick, on his recent national award in recognition of his outstanding work in the field of energy journalism.  Read more »


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Trinidad & Tobago Business Guide 2009-10 (PDF: 5.9 MB) 
PDF Document
Trinidad & Tobago Business Guide 2008-09 (PDF: 6.7 MB)
PDF DocumentTrinidad & Tobago Business Guide 2007-2008 (PDF: 10.3MB)




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