While the upstream sector is the main driving force behind the prosperity of Trinidad and Tobago’s energy industry, further efforts are needed to strengthen the downstream sector against challenging conditions. Increased shale gas output in the US has pushed down costs for processing fuel and feedstock for production, and lessened their...
The oil and gas industry has long been the driver of Trinidad and Tobago’s economy. In 2017 the petroleum sector accounted for 33.7% of GDP, according to the “Review of the Economy 2017” report by the Ministry of Finance. T&T plays an important role as a gas supplier for the Latin American and the Caribbean market, given that Peru is the...
While state-owned oil company Petrotrin announced in the first half of 2018 that it would finalise plans to restructure its operations in order to increase efficiency, moderate losses and ramp up oil and gas production, as of early September 2018 the process had yet to take shape. Petrotrin has faced strong opposition from the Oilfield Workers...
In a 3000-sq-km area traversing northern Argentina and neighbouring Chile and Bolivia lies the so-called “lithium triangle” an area estimated to hold over half the world’s lithium deposits. As demand surges for the products that use lithium-ion batteries – among them electric cars, cell phones and renewable energy projects – major electronics...
Below the dry rocky earth of Neuquén Province lies one of the world’s most exciting energy prospects. The Vaca Muerta rock formation is found at depths of 1000-3000 metres, and covers an area of 30,000 sq km – similar in size to Belgium. The formation was given its name in 1931 by a geologist from the US who discovered its hydrocarbons content...
Over the last 20 years the fortune of the Argentine economy has been closely tied to one commodity: natural gas. In the 1990s, a time of economic boom for the country, the construction of combined-cycle power stations allowed Argentina to produce plentiful and inexpensive energy from its conventional gas fields in the south and west. Industry forecasts were so optimistic that...
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