By Clarence Seedorf (Chair, Black Impact Foundation) and NJ Ayuk (Chair, African Energy Chamber [www.EnergyChamber.org])
There’s no question that the COVID-19 pandemic has sent global energy markets reeling. Oil and gas has undeniably been one of the hardest-hit industries, with prices still struggling to rebound from the collapse in demand during the first quarter of 2020. Coupled with increasing concerns about climate change and its effect on conventional energy production, it seems difficult to find a bright spot.
But there is one, and it’s Suriname.
In the year since news reports first began describing a novel coronavirus in China, the resource-rich waters off the South American nation have become the target for increased drilling activity, and a growing number of producers are taking a chance on the region’s potential.
Downstream retrenchment part of energy industry malaise
Thursday 14 January 2021
In this January 2020 file photo, OWTU president Ancel Roget meets with Yara employees at Paramount Building, Circular Road, San Fernando. -
Tragically in the news this week has been the grievance referred to the Industrial Court regarding the retrenchment of 15 workers from Yara Trinidad’s plant, which had closed in 2019. It is especially tragic as it comes on the heels of claims of some alleged 30,000 associated contract, transport and entrepreneurial employees in the energy sector, in and around the Point Lisas Industrial Estate, potentially losing their jobs due to non-availability of gas, which is essential to downstream industrial production.
Train 1 or not… cnc3.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnc3.co.tt Daily Mail and Mail on Sunday newspapers.