While the shift in the political relations with the US has raised new concerns on a number of economical fronts, Mexico’s plans to make the most of its renewable energy resources will benefit both the country itself and its northern neighbour. A significant increase in the contribution of solar and wind into the energy mix is expected in the...
Historically, Mexico is an energy powerhouse, one of the world’s most important crude oil producers, and highly dependent on those exports for economic growth, foreign currency and government revenues. At 5.2% of GDP in 2015, however, oil and gas extraction account for a smaller share of the national economy than at any time in recent history...
Various factors influence the upstream natural gas investment cycle. One of the most important of these factors is that once an investment project is given a green light it can take anywhere from between three and five years for gas production to begin. Therefore, companies need to calculate the future commercial viability of a project on the...
The financial squeeze that has been caused by lower oil and gas prices, together with doubts over the commercial viability of some new projects, has led to pressure on overall levels of exploration activity in Trinidad and Tobago. However, there has not been as sharp a reduction as was experienced during the global financial crisis of 2008....
Trinidad and Tobago’s energy industry stretches across a range of upstream, midstream and downstream activities, including on- and offshore oil and gas exploration and production; oil and gas processing and refining, which produces petrol and other fuels; liquefied natural gas (LNG) production and export; pipeline operation and distribution;...
BP Trinidad and Tobago (BPTT) is developing Juniper, a major offshore natural gas project off the south-east coast of Trinidad. Juniper is significant in many different respects. For T&T the project is vitally important; it promises to help close the natural gas supply deficit that has affected the downstream and liquified natural gas (LNG...
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