With the coun­try des­per­ate­ly short on nat­ur­al gas and with the world pay­ing a pre­mi­um for the com­mod­i­ty, comes news that state-owned T&TEC is mak­ing a bad sit­u­a­tion worse by de­lib­er­ate­ly tak­ing less pow­er from the most ef­fi­cient pro­duc­er and forc­ing the Na­tion­al Gas Com­pa­ny (NGC) to sell an ad­di­tion­al 1.2 bil­lion stan­dard cu­bic feet per month to T&TEC.

Min­is­ter of En­er­gy and En­er­gy In­dus­tries Stu­art R Young met with US Spe­cial Pres­i­den­tial En­voy for Cli­mate, John Ker­ry (for­mer Sec­re­tary of State, USA) in Los An­ge­les on Wednes­day.

TSTT has de­nied it was re­spon­si­ble for the in­ter­net dip on the e-Ten­der plat­form which caused one of the bids for the re­de­vel­op­ment of the Port-of-Spain Gen­er­al Hos­pi­tal Cen­tral Block to go  un­no­ticed by UDe­COTT when the ten­der­ing process closed last month.

The poor re­sponse to the 2022 T&T deep­wa­ter bid round with on­ly four of the 17 blocks re­ceiv­ing bids re­flects that the ex­cite­ment over this coun­try’s deep­wa­ter po­ten­tial has waned, says for­mer En­er­gy Min­is­ter Kevin Ram­nar­ine.

Gen­er­ate part­ner­ships in Guyana and Suri­name now. This was the ad­vice of Michael Gow, Sub­sea 7 coun­try man­ag­er for Guyana/Suri­name as he ad­dressed last week’s En­er­gy Con­fer­ence.

French out­fit Peren­co be­lieves it can sus­tain­ably in­crease oil and gas pro­duc­tion in its 50-year-old Teak Samaan Poui (TSP) as­set off T&T’s East coast, and al­ready has the pro­duc­tion hold­ing at 10,000 bar­rels of oil per day.

Miles Bak­er has been ap­point­ed as Group Chief Strat­e­gy Of­fi­cer (CSO) of the ANSA McAL Group of Com­pa­nies ef­fec­tive June 6, 2022.

First Cit­i­zens has im­posed a $1.25 pro­cess­ing fee on its cus­tomers for trans­ac­tions to oth­er lo­cal banks via on­line bank­ing or their mo­bile app.

En­deav­our Hold­ings Lim­it­ed has an­nounced its plan to pur­chase Massy Prop­er­ties. In a post­ing list­ed on the Trinidad and To­ba­go Stock Ex­change EHL con­firmed it had en­tered a sale and pur­chase agree­ment with Massy Hold­ings Ltd for 100% of the is­sued and out­stand­ing shares of Massy Prop­er­ties.

First­Caribbean In­ter­na­tion­al Bank Ltd has record­ed a net in­come of US$39.9 mil­lion for the quar­ter end­ed April 30

The coun­try will soon kick off its cel­e­bra­tions, start­ing from Ju­ly 27 un­til Au­gust 2, themed, “Ex­pe­ri­ence Great­ness – Again!”

On Wednes­day (June 1) S&P Glob­al Rat­ings re­moved its rat­ings on Trinidad Pe­tro­le­um Hold­ings Ltd from Cred­it­Watch with de­vel­op­ing im­pli­ca­tions and raised its Is­suer cred­it rat­ing on the com­pa­ny with a two notch up­grade to ‘BB’ from ‘B+’.