October 21, 2018

Australia and India will be growth engines of LNG industry in Asia and Oceania, says GlobalData

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Australia and India will be the significant contributors for capacity growth in Asia and Oceania’s LNG Industry for the outlook period 2018 to 2022. Australia is set to have the highest liquefaction capacity additions while India will have highest regasification capacity additions among all the countries in Asia and Oceania, according to leading data and […]

Caribbean discoveries trigger big offshore contracts

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By Selwyn Parker From osj A string of deep-water discoveries in the Caribbean has triggered a torrent of activity in the offshore supply industry, as one nation after another invites the exploration industry to drill for hydrocarbons in the hope of making another bountiful find. Following ExxonMobil’s discovery in 2015 of massive oil reservoirs off […]

Six future cruise ships being added to Royal Caribbean’s Fleet

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From Cruise Fever Royal Caribbean, known for their award winning cruise ships, currently has six cruise ships that are either on order or are currently under construction These six ships, (two Oasis class, two Quantum Ultra class, and two Icon class) will all go into service in the next seven years and promise to raise the […]

Marco Rubio, Bill Cassidy push to increase natural gas exportation to Latin America, Caribbean

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By KEVIN DERBY From Sunshine State News On Wednesday, U.S. Sen. Marco Rubio, R-Fla., teamed up with U.S. Sen. Bill Cassidy, R-La., to unveil a proposal allowing more small-scale natural gas exportation. Rubio and Cassidy introduced the “Small Scale LNG Access Act” to codify a U.S. Department of Energy (DOE) rule allowing small-scale natural gas […]

Powered by LNG and fuel cells, Royal Caribbean International’s new ships will ride the wave of the future

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New Icon-class design to advance clean-power technologies at sea NEWS PROVIDED BY Royal Caribbean MIAMI, Oct. 10, 2016 /PRNewswire/ — The newest class of ships from Royal Caribbean Cruises Ltd. (NYSE: RCL) will be powered by liquefied natural gas (LNG) and introduce the use of fuel cell technology, ushering in a new era of shipbuilding that […]

Expanded Panama Canal ushers in new era of global trade

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From Caribbean News Now PANAMA CITY, Panama — The expanded Panama Canal is now officially open for business. During Sunday’s official inauguration ceremony, Panamanian President Juan Carlos Varela and Panama Canal administrator and CEO Jorge L. Quijano spoke to a crowd of more than 25,000 Panamanians, Canal employees, heads of state and dignitaries from around […]

iNews Briefs & Community Events

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  Grand Cayman power plant upgraded with two MAN engines Two new 18.5-megawatt MAN 48/60 engines have been commissioned at the Grand Cayman power plant, joining join five existing MAN engines onsite. The retrofit increases the plant’s overall capacity to 90 MW and was carried out in partnership with the Caribbean Utilities Company (CUC) and […]

Shell expects oil price recovery to take several years

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By Ron Bousso, Karolin Schaps and Dmitry Zhdannikov, Reuters From Business Insider LONDON (Reuters) – Royal Dutch Shell expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth. The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by […]

Falling oil prices, PetroCaribe and the Caribbean

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By David Jessop, From Dominican Today On the face of it, the collapse in global oil prices would seem to be good news for the Caribbean. However, nothing could be further from the truth. Instead the rapid downward price movement in global oil prices between mid-June and mid-October threatens, in the short term, present economic […]

There is an energy revolution under way which has implications for the Caribbean

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By David Jessop From Stabroek news No one should be in any doubt: the world’s energy balance is changing rapidly with profound political and economic consequences for the way every country and region will in future relate to one another. On October 1, the Financial Times reported that the US is near to overtaking Saudi […]