Sunday, May 29, 2022

Regional

Expect pushback in Trinidad, says Rowley, as leaders move to quash trade barriers

Following on the heels of an announcement that Caribbean Community (CARICOM) leaders are moving to have intra-regional trade barriers removed, Trinidad and Tobago Prime Minister Dr. Keith Rowley said his government has committed not to let artificial phytosanitary barriers...

Drill campaign at Zanderij-1 offshore Suriname planned for third quarter

Planning is underway for an exploration campaign to be conducted at the Zanderij-1 prospect located at Block 42 offshore Suriname. The well, targeting both Campanian and Santonian aged reservoirs, will be spudded around the third quarter of this year. As...

City Chamber welcomes Rowley’s commitment to remove trade barriers

The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the Government of Guyana’s signing of a Memorandum of Understanding (MoU) with Trinidad and Tobago, following a public commitment to address the twin-island nation’s trade barriers against Guyana. In...

No need for Guyana, Trinidad to be at each other’s throats about local content laws – Rowley

Prime Minister of Trinidad and Tobago, Dr. Keith Rowley said there is no need for his government and Guyana’s to be at each other’s throats about Guyana’s new local content laws. “What the government of Trinidad and Tobago tried to...

T&T eyes preferred bidder for Point-a-Pierre refinery

Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery, Prime Minister Dr. Keith Rowley announced on Friday. The refinery was moth-balled back in 2018 following the restricting of Petrotrin, the...

US lawmakers blast change in policy towards Venezuela; oil projects could increase

(S&P Global Platts) Details remained scant May 18 on a US policy shift that could chart a path for US companies to again invest in and operate Venezuelan oil projects as the Biden administration has reportedly begun to ease...

Refrain from MoU with T&T until trade barriers are removed – Georgetown Chamber tells Government

The Georgetown Chamber of Commerce and Industry (GCCI) is strongly urging the government to refrain from inking a Memorandum of Understanding (MoU) with Trinidad and Tobago, until the twin-island nation opts to remove its Non-Tariff Barriers (NTBs), which are...

Tucker knocks T&T trade barriers again as Rowley, Ali prepare to sign MoU

As Prime Minister of Trinidad and Tobago, Dr. Keith Rowley arrived in Guyana for the Regional Agri-Investment forum, one businessman Timothy Tucker is reanimating the discussion about non-tariff barriers to trade. Timothy Tucker, who happens to be President of the...

Trinidad Energy Chamber proposes sweeter tax incentives to attract investment

Plagued with years of declining economic growth, Trinidad and Tobago is facing challenging times. For failing to sufficiently diversify its economy in the hundred plus years since it started producing oil, Trinidad is dependent on gas production to keep...

Trinidad struggles to grow economy, as 2021 gas output hits lowest point in 18 years

Former Energy Minister of Trinidad and Tobago, Kevin Ramnarine said that natural gas production in 2021 was the lowest in 18 years. In a LinkedIn post, Ramnarine said it will require creative thinking to drive economic growth. He said that...

Latest News

Guyana receives GY$1.7B in payments for flaring from ExxonMobil

To date, ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has flared 17.7B cubic feet of gas via...