Business News
AS the National Gas Company does expansion world on its network, the Trinidad and Tobago Electricity Commission (TTEC) is urging customers in Trinidad to conserve electricity. In a notice TTEC said the work is scheduled to take place on Sunday (December 8) between 7 a.m. and 3 p.m. —————— It noted that this could […]Read More
WITHIN two week the Trinidad and Tobago Central Bank will have a new polymer $100 bill in circulation. This announcement was made by National Security Minister Stuart Young at the post Cabinet new conference on Thursday. ——————- Young said the new note will he harder to counterfeit and will also undermine the use of […]Read More
THE United Independent Petroleum Marketing Company Limited (UNIPET) says it was extremely unfortunate that Paria Fuel Trading Company Limited will stop supplying it with fuel. In response to the decision, UNIPET stated, “The action by Paria to discontinue supplying fuel to Unipet is extremely unfortunate especially in consideration of the fact that Paria is […]Read More
Paria Fuel Trading Company Limited will no longer supply United Independent Petroleum Marketing Company Limited (UNIPET) with fuel. In a statement Paria said the decision will not affect the supply of gas to the public. It stated, “Paria will make available to the National Petroleum Marketing Company (NP) the difference in the quantity of […]Read More
THE parent company of English Premiership side Manchester City is set to buy a majority stake in the Indian Super League team Mumbai City FC. City Football Group (CFG), the parent company of Manchester City, has agreed to a deal to buy 65% of Mumbai City. This means the group will now hold a stake […]Read More
WEST Indian Tobacco Company (WITCO) has received regulatory approval have a share split to “to convert each ordinary share of the company into three ordinary shares.” In a filing on the Trinidad and Tobago Securities and Exchange Commission (TTSEC), WITCO noted: “The amendment authorised a share split to convert each ordinary share of the […]Read More
TRINIDAD and Tobago has gas reserves to last up to the next 13-and-a-half years. This was the announcement of the Ministry of Energy and Energy Industries on Wednesday after the gas audit for 2016 to 2018 by the petroleum consulting firm Ryder Scott. ———————- That projection of the gas reserves was based on the […]Read More
THE Trinidad and Tobago Government has fundamentally misunderstood the energy sector’s fiscal and taxation systems. This is the view of former energy minister Kevin Ramnarine. In an interview with AZPNews.com, he said TT’s current fiscal regime does not facilitate the level of investment needed to increase natural gas production and oil production. ——————————– Oil […]Read More
THE National Gas Company (NGC) and Shell TT Ltd sign a domestic gas sales agreement to bolster the supply of natural gas to the Trinidad and Tobago market. The agreement was signed on Monday, according to a release from NGC. The release stated that NGC said the signing of the contract followed on from […]Read More
BP Trinidad & Tobago (BPTT) has made a gas discovery with the Ginger exploration well, offshore Trinidad. The well is expected to be completed by the end of November 2019. The Ginger exploration well was drilled into two untested fault blocks east of the Cashima Field in water depths less than 300 feet, approximately […]Read More