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Kevin Ramnarine is the former Minister of Energy and Energy Affairs of Trinidad & Tobago and served in that role June 2011 to September 2015. From May 2010 to June 2011, he served as Parliamentary Secretary in the Ministry of Energy and Energy Affairs of Trinidad and Tobago.
During his tenure as Minister , the government provided the incentives necessary to Trinidad and Tobago’s deepwater acreage for exploration. In total nine deepwater “production sharing contracts” (PSC’s) were signed with BHP Billiton and its partners. Arising out of these nine contracts BHP Billiton conducted the second largest 3D seismic survey conducted by an International Oil Company in the history of the oil industry. [1] This seismic survey covered 20,1999 square kilometers of the deepwater province of Trinidad and Tobago. The largest being conducted by Anadarko in Colombia.
After government legislated fiscal incentives were implemented, investments in deep-offshore by companies such as BHP meant that Trinidad & Tobago saw a four-fold increase in petroleum related Foreign Direct Investment from $US 501 million in 2010 to $US 1.9 billion in 2014.
In September 2015 the first energy related initial public offering (IPO) in the history of Trinidad and Tobago, The TTNGL (Phoenix Park) IPO went on to become the largest IPO in the history of the Trinidad and Tobago Stock Exchange, following up with an Additional Public Offering (APO) in June 2017. [2]
Due to the rapid expansion of the oil and gas industry, Ramnarine received the award of “Energy Executive of the Year” from Petroleum Economist magazine in 2014. [3]
The history of Trinidad and Tobago begins with the settlements of the islands by Indigenous First Peoples. Trinidad was visited by Christopher Columbus on his third voyage in 1498,, and claimed in the name of Spain. Trinidad was administered by Spanish hands until 1797, but it was largely settled by French colonists. Tobago changed hands between the British, French, Dutch, and Courlanders, but eventually ended up in British hands following the second Treaty of Paris (1814). In 1889, the two islands were incorporated into a single political entity. Trinidad and Tobago obtained its independence from the British Empire in 1962 and became a republic in 1976.
The economy of Trinidad and Tobago is the third wealthiest in the Caribbean and the fifth-richest by GDP (PPP) per capita in the Americas. Trinidad and Tobago is recognised as a high-income economy by the World Bank. Unlike most of the English-speaking Caribbean, the country's economy is primarily industrial, with an emphasis on petroleum and petrochemicals. The country's wealth is attributed to its large reserves and exploitation of oil and natural gas.
BHP Group Limited is an Australian multinational mining, metals, natural gas petroleum public company that is headquartered in Melbourne, Victoria, Australia.
PJSC Rosneft Oil Company is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words Rossiyskaya neft.
Petroleum Company of Trinidad and Tobago Limited was a state-owned oil company in Trinidad and Tobago. Its principal activities were the exploration, development and production of hydrocarbons in addition to the manufacturing and marketing of petroleum products.
The Trinidad and Tobago Stock Exchange (TTSE) is the main stock exchange in the Republic of Trinidad and Tobago, and the largest stock exchange in the Caribbean region by market capitalization. As a member-state of CARICOM several companies from Barbados, Jamaica, Saint Vincent and the Grenadines and the Eastern Caribbean Securities Exchange also cross-list their stocks onto the Trinidad and Tobago Stock Exchange. The unique four symbol alphanumeric Market Identifier Code (MIC) used to identify the TTSE as defined under ISO 10383. of the International Organization for Standardization (ISO) is: XTRN.
The Abu Dhabi National Oil Company or ADNOC is the State-owned oil company of the United Arab Emirates (UAE). It is the world's 12th largest oil company by production. As of 2021, the company has an oil production capacity exceeding 4 million b/d with plans to increase to 5 million bpd by 2030. It is the United Arab Emirate's largest oil company.
Exploration for petroleum in the Arctic is expensive and challenging both technically and logistically. In the offshore, sea ice can be a major factor. There have been many discoveries of oil and gas in the several Arctic basins that have seen extensive exploration over past decades but distance from existing infrastructure has often deterred development. Development and production operations in the Arctic offshore as a result of exploration have been limited, with the exception of the Barents and Norwegian seas. In Alaska, exploration subsequent to the discovery of the Prudhoe Bay oilfield has focussed on the onshore and shallow coastal waters.
Charles Waterhouse "Chip" Goodyear IV is an American businessman and the former CEO of BHP Billiton. He is a member of the Goodyear family that had extensive business interests in lumber and railways, as well as significant philanthropic endeavors.
This page summarizes projects that brought more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2007. This is part of the Wikipedia summary of Oil Megaprojects.
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
Foreign relations exist between Australia and Barbados. Neither country has a resident ambassador. The regional Australian High Commissioner to Barbados is accredited from Port of Spain, Trinidad & Tobago. Barbados is represented in Australia through its High Commission in Ottawa, (Canada). Barbados maintains an honorary consul and a tourist office in Australia. Barbados and Australia established diplomatic relations on 7 January 1974. Both countries are members of the Commonwealth of Nations, and comprised as former parts of the British Empire.
Crescent Petroleum is the first and largest private upstream oil and gas company in the Middle East. Founded in 1971, Crescent Petroleum is headquartered in the Emirate of Sharjah, United Arab Emirates (UAE), with current operations in both the UAE and the Kurdistan Region of Iraq (KRI). As of 2023, Crescent Petroleum and the Iraqi Ministry of Oil have signed three twenty-year contracts as the company focus it efforts in aiding the redevelopment of Iraq.
Niko Resources is an India- and South East Asia-focused oil and gas exploration and production company that shares ownership of many exploration and development properties with Komodo Energy and Reliance Industries. Though it holds exploration rights to 37,000,000 acres (150,000 km2) of land in 7 countries production currently (2011) only takes place in India and Bangladesh. Major acquisitions include a $310 million November 18, 2009 purchase of Black Gold Energy followed by the 2010 $37.6 million acquisition of Voyager Energy which expanded its presence in Trinidad.
The nation of Trinidad and Tobago has been the leading supporter of the Caribbean Community (CARICOM). Trinidad and Tobago was one of the four members in 1973 which then along with Barbados, Guyana and Antigua and Barbuda moved to establish the organisation that today it known as the Caribbean Community and Common Market. The new organisation because a successor to the Caribbean Free Trade Association (CARIFTA) by the Treaty of Chaguaramas, of which Trinidad and Tobago was a leading member and also a founding member.
Grenada–Trinidad and Tobago relations refers to foreign relations between Grenada and Trinidad and Tobago. The two countries have historical and cultural connections dating back to the 18th century. Both nations are members of the Commonwealth of Nations, Association of Caribbean States and the Organization of American States.
Sir Andrew Stewart Mackenzie is a Scottish businessman, who is the chairman of Shell plc and formerly CEO of BHP Billiton, the world's largest mining company. He succeeded Marius Kloppers, on 10 May 2013, and was succeeded by Mike Henry, at the start of 2020.
UCL Australia was an international campus of the University College London, located on Victoria Square in Adelaide, South Australia. It had three parts: the School of Energy and Resources (SERAus), the International Energy Policy Institute (IEPI) and a branch of UCL's Mullard Space Science Laboratory. UCL Australia described its university community as "welcoming, dynamic and influential." The campus closed in December 2017.
The Philodrill Corporation is a petroleum exploration company based in the Philippines and publicly-listed on the Philippine Stock Exchange. Its primary business is focused on exploring, developing, and producing oil, gas, and minerals products. Currently, it's a diversified holding company with interests in real estate, financial industry, mineral extraction, and infrastructure development.
Trinidad Petroleum Holdings is a state-owned oil company in Trinidad and Tobago. Its principal activities are the exploration, development, and production of hydrocarbons, operations it conducts through its primary subsidiary, Heritage Petroleum Company Ltd. Trinidad Petroleum Holdings also owns Guaracara Refining Company Ltd., which operates the nation's only petroleum refinery. It also owns the Paria Fuel Trading Company subsidiary, which imports refined petroleum products, and stores and distributes them domestically.