With the reshaping of the energy sector opening up the industry to new investment, anticipation around how the reform will expand Mexico’s hydrocarbons reserves and push production upwards has been building. So far, important oil and gas discoveries – both by major oil firms as well the state-owned firm Petróleos Mexicanos (Pemex) – has...
Over the past decade, commodities have experienced a bumpy road across the board. The fall in global prices in 2012 followed by the newly imposed royalty tax in 2014 and an increasingly unpredictable security situation in many of Mexico’s northern states severely impacted the industry. However, a spike in commodities prices throughout 2017 and...
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...
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)...
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...
The twin-island nation of Trinidad and Tobago has been, in its own right, a focal point for oil and gas exploration and production for decades. However, recent discoveries and developments are drawing attention to the surrounding area of the Caribbean and the northern coast of South America. In this wider perspective, T&T should be viewed...
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