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...
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;...
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....
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...
In light of the fall in global oil prices, the government of Trinidad and Tobago has proposed a series of ambitious reforms. Keith Rowley, the recently elected prime minister, has raised the possibility of amending the tax code to better reflect the current state of the energy sector. The move has been lauded by oil executives, who believe...
Due to the country’s abundant low-cost hydrocarbons, Trinidad and Tobago has historically given a low priority to the development and use of alternative and renewable energy sources. That same high dependence on oil and gas has placed the country comparatively high up on global rankings in terms of greenhouse gas (GHG) emissions.
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