The GSTT's e-News March, April, 2018
- - 23rd September 2023
The Caribbean is experiencing an unprecedented level of exploration activity, which is set to increase greatly within the next year. This issue covers the greater Caribbean region including drilling activity in T&T, Guyana, Suriname, Aruba and Grenada with licensing and seismic updates from Jamaica, Dominican Republic and Barbados. We will also take you to Brazil, West Africa, Greece, Russia, Mexico, Bangladesh, the North Sea, USA, Saudi Arabia, Bahrain and to a major oil spill in Indonesia.
In mid-March, the Ministry of Energy held an interesting yet unorthodox one day conference featuring talks and presentations from the PM, Minister of Energy and several high level public servants. It was titled 'Spotlight on Energy: Our Oil, Our Gas, Our Future'. Leaders of all major energy companies were invited to attend. The event was also televised live. One of the main themes seemed to be that energy companies had enjoyed far too much benefit from high oil prices as well as favourable contract terms and tax incentives over the years. The PM indicated that it was far past time to review these contracts. More details below.