Rig count is a stan­dard mea­sure of ac­tiv­i­ty in the oil and gas in­dus­try. It refers to the num­ber of ac­tive drilling rigs in op­er­a­tion at any giv­en time. It is a key in­di­ca­tor for the health of the in­dus­try and al­so a good in­di­ca­tor for fu­ture pro­duc­tion, in­vestor con­fi­dence and the de­mand for en­er­gy sup­port ser­vices, es­pe­cial­ly for drilling-re­lat­ed ser­vices and pro­vi­sion of equip­ment.

Ja­maican man­u­fac­tur­ing com­pa­ny Se­prod has sub­mit­ted a le­gal no­tice to share­hold­ers of AS Bry­dens & Sons Hold­ings (AS­BH) to con­firm its plans to ac­quire 79.99 per cent of the com­pa­ny.

Lead­er­ship spe­cial­ist, Max­ine At­tong be­lieves that the Unit­ed Na­tion­al Con­gress (UNC) leader, Kam­la Per­sad-Bisses­sar’s re­sound­ing vic­to­ry in Mon­day’s gen­er­al elec­tions will set a lead­er­ship ex­am­ple for women in busi­ness and oth­er spheres in life.

The Guyana gov­ern­ment says it is in­ten­si­fy­ing its ef­forts to strength­en the lo­cal con­tent frame­work in the coun­try’s oil and gas sec­tor, with new com­mit­ments aimed at in­creas­ing ef­fi­cien­cy, tight­en­ing le­gal de­f­i­n­i­tions, and ex­pand­ing op­por­tu­ni­ties for lo­cal busi­ness­es.

Busi­ness groups and one econ­o­mist see the re­open­ing of the Petrotrin re­fin­ery as a step in the right di­rec­tion with a lo­cal en­ti­ty.

De­vel­op­ment econ­o­mist Dr Mar­lene Attzs is ad­vis­ing the new gov­ern­ment to fo­cus on three main is­sues to re­set the econ­o­my and achieve eco­nom­ic growth.

The Na­tion­al In­vest­ment Fund Hold­ing Com­pa­ny has re­port­ed a slight de­cline in the val­ue of its port­fo­lio at the end of fis­cal 2024.

In a post to the Trinidad and To­ba­go Stock Ex­change web­site on Mon­day, An­gos­tu­ra re­port­ed that its board of di­rec­tors had agreed to the in­clu­sion of the po­si­tion of deputy CEO with­in the com­pa­ny’s ex­ec­u­tive man­age­ment struc­ture.

En­er­gy ex­pert Dr Kr­ish­na Per­sad and for­mer per­ma­nent sec­re­tary in the En­er­gy Min­istry, hon­orary pro­fes­sor An­drew Jupiter is urg­ing the rel­e­vant au­thor­i­ties to look at oth­er sources such as Guyana and Suri­name, for gas which are not in po­ten­tial con­flict with Unit­ed States pol­i­cy. 

The En­er­gy Cham­ber of T&T is con­tin­u­ing to look at the projects which were se­lect­ed by its judges for pre­sen­ta­tion at the T&T En­er­gy Con­fer­ence 2025, dur­ing the in­no­va­tion and tech­nol­o­gy chal­lenge, and has high­light­ed one sub­mit­ted by an­oth­er of its mem­ber com­pa­nies, TOSL En­gi­neer­ing.

Gen­er­at­ing new rev­enue streams will be fun­da­men­tal when the new gov­ern­ment steps in­to pow­er on Tues­day, says econ­o­mist Dr Vaalmik­ki Ar­joon and de­vel­op­ment econ­o­mist Dr Mar­lene Attzs.

Come Tues­day, one of the im­me­di­ate tasks of the new gov­ern­ment will be eco­nom­ic man­age­ment of the coun­try.