With commercial production of crude oil dating back to 1908, T&T’s long history in the energy industry has helped the country punch above its weight in regional and global terms. In 2013 T&T produced 1.5trn cu feet of natural gas, making it the world’s sixth-largest LNG exporter and largest LNG supplier to the US. T&T is also the world’s largest exporter of ammonia and second-...
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Articles & Analysis | Trinidad and Tobago will need to greatly streamline processes if it is to capitalise on E&P opportunities from The Report: Trinidad & Tobago 2015
In more than a century of exploration and production (E&P), Trinidad and Tobago’s oil and gas has come from both onshore and offshore shallow water wells. Now, there are new frontiers to consider: deepwater ( usually defined as depths of at least 1000 metres) and ultra deepwater (3000 metres or more). In the past decade exploration has begun to focus on potential in...
Articles & Analysis | Trinidad and Tobago's energy sector is set to reach previous production levels through new technologies and contracts from The Report: Trinidad & Tobago 2015
Over the last two decades Trinidad and Tobago’s natural gas boom has overshadowed crude oil output, which has been slowly declining. Gas production is now leading the race. In terms of energy equivalency, for every unit of oil currently produced there are eight units of gas extracted. However, the government and a number of independent oil companies are confident that...
Articles & Analysis | Trinidad and Tobago's compliance with a global transparency initiative looks set to draw more business from The Report: Trinidad & Tobago 2015
In January 2015 Clare Short, a former UK minister and current chair of the Extractive Industries Transparency Initiative (EITI), a global lobby group, announced in Port of Spain that Trinidad and Tobago had become fully compliant with all of the group’s reporting requirements. It was a significant moment for T&T’s oil and gas sector, and for its attempts to achieve...
Articles & Analysis | New plans offer more opportunities for domestic processing in Trinidad and Tobago from The Report: Trinidad & Tobago 2015
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.
Articles & Analysis | Trinidad and Tobago is well equipped to handle new challenges from The Report: Trinidad & Tobago 2015
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...