Energy Archive

For decades, the Caribbean twin-island nation of Trinidad and Tobago has relied on oil and natural gas production to guarantee its energy security and provide a measure of fiscal stability for the government.* Even as oil and gas revenues have steadily declined since hitting a peak in the late 1970s, the country’s economy remains highly reliant on the energy sector, which accounts for around 75 percent of exports and 40 percent of GDP. However, the crash of global energy markets amid the COVID-19 pandemic and the growing threat of climate change are providing an impetus for a reevaluation of Trinidad […]

After a long delay, Cambodia finally began producing oil from its offshore fields in the Gulf of Thailand last week. The Cambodian government’s partner in the oil venture, Singapore-based KrisEnergy Ltd., plans to ramp up production at new wells, with peak extraction expected to hit around 7,500 barrels per day by mid-February. Cambodia has known about its offshore deposits for more than a decade, and major oil firms like Chevron had previously invested in exploration efforts off the country’s coast. But some investors were scared off by low global oil prices, and the Cambodian government initially had trouble securing a […]