Energy Articles & Analysis

Chapter | Energy from The Report: Trinidad & Tobago 2017

Low global oil and gas prices have left Trinidad and Tobago’s energy sector with challenges, and underinvestment in upstream exploration has resulted in declining production and gas availability, leading to downstream industries operating below capacity. Still, the country continues to attract strong investment from oil majors and independent producers. With the government and sector players committed to crafting an equitable new fiscal regime, a strong energy services industry and a new frontier in deepwater exploration, there is good reason to expect the sector to bounce back over the medium term. This chapter contains interviews with Derek Hudson, Vice-President, Shell Trinidad and Tobago; Mark Loquan, President, The National Gas Company of Trinidad and Tobago; and Vincent Pereira, President, BHP Trinidad and Tobago & Chairman, Energy Chamber of T&T.

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Trinidad and Tobago’s oil and gas fields are found in six main areas. The three offshore fields are in the North Coast Marine Area, the East Coast Marine Area and the South-west Coast Marine Area. The three onshore areas are located in South-east Trinidad (including Guayaguayare and Moruga), South-west Trinidad (Point Fortin, Guapo and Forest...

Navigating the future of state-owned oil company Petrotrin has become one of the most urgent strategic decisions facing the administration of Prime Minister Keith Rowley. Petrotrin is recording fiscal losses and has become heavily indebted. The company has made some poor managerial decisions, operates alongside a powerful trade union – the Oilfield...

The company Atlantic operates the most prominent downstream processing plant in T&T. In economic terms, it represents more than half of the output value of the refining industry. The plant is a four-train gas liquefaction facility located at Point Fortin in the south-west of Trinidad. It is the sixth-largest liquefied natural gas (LNG)...

What needs to be done to enhance the viability of renewed oil and gas exploration?