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Kamla Persad-Bissessar calls for pragmatic approach to Petrotrin’s restructuring

OilNOW -
Trinidad and Tobago’s Leader of the Opposition Kamla Persad-Bissessar has urged the country’s Government to take a cautious and pragmatic approach to the restructuring of state-owned petroleum company Petrotrin. On Monday, it was announced that Petrotrin would be shutting down...
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Guyana Government appoints Matthew Wilks as O&G Advisor

OilNOW -
The Government of Guyana has confirmed the appointment of Matthew Wilks to the post of Oil and Gas Advisor in the newly created Department of Energy which operates under the aegis of the Ministry of the Presidency. A press release...
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2,600 workers to be impacted as Petrotrin shuts down operations

OilNOW -
The closure of Trinidad and Tobago’s Petrotrin refinery was confirmed on Tuesday, August 28, following a meeting between the Board of Directors, union representatives and the company’s management. The Pointe-a-Pierre refinery’s operations will end entirely and Petrotrin will move to...
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TechnipFMC records highest order intake since merger

OilNOW -
TechnipFMC, the subsea contractor for the Liza Phase 1 development project in Guyana, recorded its third consecutive quarter of order growth in Q2 2018 as well as the highest order intake to date since the merger that saw FMC...
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Trinidad refinery to close report indicates

OilNOW -
Trinidad and Tobago’s State oil company Petrotrin’s Pointe-a-Pierre refinery is said to be on the verge of shutting down operations. The Trinidad Express reported on Monday night that the twin-island republic’s government has decided to shut down the refinery due...
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Trinidad’s move to enter ‘gas deal’ with Venezuela detrimental to Guyana – Robert Persaud

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Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has accused Trinidad and Tobago of “once again acting in its own narrow economic interest" in partnering with Venezuela on a gas deal over the weekend. In a Facebook...
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Petrotrin could bankrupt TT – Franklin Khan

OilNOW -
Trinidad and Tobago’s Energy Minister Franklin Khan has warned that state oil company Petrotrin’s current financial state of affairs could bankrupt the Caribbean oil producing nation. News outlets reported that Khan was speaking at a press conference on Sunday when...
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Major partnership to see Guyanese receive hands-on FPSO training in Nigeria, Singapore

OilNOW -
Guyanese will soon begin to receive specialized training to work on Floating Production Storage and Offloading (FPSO) vessels through a Strategic Partnership Venture (SPV) between Strategic Recruitment Solutions (SRS) and Century Tamara Energy Services Inc. (CTES). SRS is 100 percent...
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Sinopec reports best quarter in years after oil prices rebound

OilNOW -
(Reuters) - China Petroleum & Chemical Corp, the country’s largest refiner, reported its best quarterly profit in years on strong upstream and refining business and said it expects higher fuel sales in the second half. Known as Sinopec, the company...
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TT and Venezuela ink gas deal in Caracas

OilNOW -
Trinidad and Tobago Prime Minister Dr Keith Rowley and Venezuelan President Nicolas Maduro on Saturday sealed the deal that will see Trinidad and Tobago processing Venezuelan natural gas for the first time. The Prime Minister and his team arrived in...
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U.S. EXIM Bank President says US$526M loan to Guyana is ‘first of many deals to come’

A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an...

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