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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.
 • THE LAST FRONTIER
Trinidad and Tobago plans to tackle tar sands
Retrieving
the crude locked up in tar sands in south Trinidad, as the ministry of
energy and energy industries (MEEI) has just authorised the state
company Petrotrin to do, potentially opens the way to a completely new
source of oil for Trinidad and Tobago.
• EXIT
Tullow turns its back on Trinidad
The
government only has itself to blame for the Anglo-Irish company Tullow
Oil’s last-minute decision not to proceed with production sharing
contracts (PSCs) for three blocks from the 2006 bid round, energy
analysts insist. “The whole process simply took much too long” is the
unanimous view of those who closely follow developments in the Trinidad
and Tobago petroleum industry.
• LNG
Trinidad may divert surplus gas into LNG
With
the downturn in world demand, Trinidad and Tobago has natural gas which
is not being used ... Should it be switched to the production of LNG?
• BLOCK BATTLES
BG vs Canadian Superior in block 5c
Sharp
differences of opinion on how best to monetise the bonanza of gas—in
the region of 3 trillion cubic feet (tcf) from three discoveries in
block 5c, 60 miles off the southeast coast of Trinidad—may be one of
the factors that have contributed to the apparently rapid souring of
relations between the main equity holder and block operator, Canadian
Superior Energy (45%), and its main partner, the BG Group (30%), which
farmed into the block in August 2007.
• RENEWABLES
Trinidad converts to the renewables cause
Trinidad
and Tobago is the only country in the Caribbean and Central America
completely self-sufficient in energy derived from fossil fuels, and
priced at some of the lowest levels in the world in the case of
electricity and transportation. Nevertheless, it has now formally
decided to pursue renewable energy seriously as deliberate government
policy.
• PETROCARIBE
Can Chávez sustain his Caribbean oil subsidies?
A
little-noticed outcome of the collapse of oil prices, including those
quoted for West Texas Intermediate (WTI), the benchmark for most crude
produced in Latin America and the Caribbean, is that the Caricom
countries participating in Venezuelan president Hugo Chávez’s
PetroCaribe oil agreement will now have to pay a bigger percentage of
the market price to receive their supplies.
• VENEZUELA
Some pointed advice for Hugo Chávez
Oscar
Prieto, the chief executive officer of Atlantic LNG, the world’s
seventh largest trader of liquefied natural gas, has some pertinent
advice for Venezuela’s controversial president, Hugo Chávez Frías.
Simply put, it is this: don’t bother to build your own LNG facility in
Venezuela just yet, but leverage on the considerable advantages in LNG
production and trading that Trinidad and Tobago has now established at
the Atlantic site in Point Fortin, southwest Trinidad, and send your
gas across the border for processing.
• SHIPPING
Plans for Sullivan Island dry dock creep forward
Sullivan
Island, the US$1.3 billion, five-graving dock complex planned for 58
hectares of reclaimed land in the shallow inland bank of the Gulf of
Paria a stone’s throw from the Port of Spain city centre, with
energy-related vessels among its major target customers, has moved a
step forward with the imminent start of an environmental impact
assessment (EIA).
• ALSO IN THIS ISSUE
Click here for the full issue contents. »
 Trinidad and Tobago's oil industry celebrates its centenary in 2008 for which the ENERGY Caribbean Yearbook has produced a collector's edition
documenting this country's long relationship with oil and gas through
photographs, maps and exclusive interviews, as well as its usual survey
of developments in the Caribbean energy industry and outlooks for the
future.
The ENERGY Caribbean Yearbook is free to all subscribers of ENERGY Caribbean magazine. If you are not already subscribed, you can order your copy of the Yearbook for just TT$150/US$25:
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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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News relevant to the Caribbean energy industry
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