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Malcy's Blog - Genel Energy; Bahamas Petroleum; Block Energy and more... proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Oil futures reach 13-month high as global stocks advance with U.S. markets closed. SP 500 futures hit record high, oil soars as frozen chaos hits plains states.
Here is the current market situation from CNN Money
European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 1.93% while France s CAC 40 is up 0.60% and Germany s DAX is up 0.33%.
What Is Moving the Markets
Here are the headlines moving the markets.
5 Companies Betting Big On Futuristic Energy Tech With the clean energy shift beginning to gain serious momentum, the prime candidates for a sustainable future have been solar, wind, and to a lesser extent, geothermal energy and nuclear fission. But new clean energy technology is drawing interest from both corporate investors and retail investors, and what we consider fringe today, such as ocean power and hydrogen, may become mainstream sooner rather than later. In fact, Bloomberg New Energy Finance has warned that we may ne
Premium Content
Is The Caribbean Ready For An Oil Boom? By Felicity Bradstock - Feb 14, 2021, 12:00 PM CST
As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-commercial oil discovery.
While Trinidad and Tobago have focused on natural gas for the last two decades, the country’s oil industry has been developing steadily. In 2020, the country’s third-largest oil producer Trinity Exploration & Production increased production by 7 percent to 3,226 bpd. This figure is expected to reach around 4,000 bpd by 2023.
Trinity Exploration & Production’s executive chairman, Bruce Dingwall, explained of Trinidad’s oil industry, “[There is a] huge reserve base and not many players and I think you’ll see some structural change in Trinidad over the next few years”.