Gas production and processing has grown in importance in recent years and is now undisputedly at the centre of Trinidad and Tobago’s economy, accounting for almost 90% of the energy sector. Key upstream gas producers include BP T&T (BPTT), BG Group and EOG Resources Trinidad.
The Caribbean island state of Trinidad and Tobago is no newcomer to the oil and gas business. It has been producing hydrocarbons for more than a century, with commercial production of crude oil dating back to 1908. Although a small country, and comparatively speaking a small producer, its long and rich experience in the industry has helped the country punch above its...
Strong economic growth and a rise in energy demand have exerted pressure on the Philippines’ energy sector in recent years. With large, easily accessible oil and gas discoveries long since picked over, a continued decline in petroleum production has encouraged a heavy reliance on imports. The substantial reserves in the Malampaya gas fields have...
Forces coalesced in 2014 to grant the Philippines’ renewable energy industry its most productive year to date. Spurred on by mounting concerns over the looming energy shortfall, the Energy Regulatory Commission (ERC) has opened the sector to investment by boosting the renewable capacity approved for the renewable energy incentive scheme ten-fold in...
As the economy has continued its robust growth over the past decade, and spending among the expanding middle class has increased, demand for electricity has risen accordingly. However, while sales have gone up by an annual average of 3.89% from 2001-13, according to the Department of Energy (DoE), power generation capacity growth has lagged far...
While hydrocarbons production in the Philippines has declined in recent decades, the exploration of new territory holds the potential to stave off dependence on foreign imports, if not reverse the trend altogether. Unfortunately, a host of obstacles will need to be overcome in order to achieve any significant improvement even in the short-to-medium...
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