Energy

Over 400 jobs impacted as Caribbean Nitrogen Company shuts down Point Lisas ammonia plant

Caribbean Nitrogen Company (CNC) today announced that it has been forced to immediately shut down its ammonia plant on the Point Lisas Industrial Estate in Trinidad.

The company says the shutdown is a result of action taken by the National Gas Company of Trinidad and Tobago (NGC) to cut off gas supply to the plant.

PM receives Petrotrin status report

Prime Minister Dr Keith Rowley today received a status report from the Petrotrin board detailing the progress made in the months since its appointment in September, the Office of the Prime Minister said.

The meeting featured discussions on the various options available as work continues towards restructuring the State-owned company.

The Prime Minister's Office said that throughout 2017 Government continued its systematic review of the operations at Petrotrin.

A&V fired by Petrotrin

A&V Drilling which has been at the centre of an oil production and receipt discrepancy, has been fired by Petrotrin.

Petrotrin announced the termination of the contract via a media statement today.

"Petrotrin’s Board of Directors today announced that the Company has given notice of the termination of contract to the lease operator associated with the discrepancies in reported oil production and actual receipts revealed by its Internal Audit Department earlier this year.

EMA investigates "incident" involving subsea natural gas pipeline in Gulf of Paria

The Environmental Management Authority (EMA) says it is investigating an incident involving a subsea pipeline in the Gulf of Paria off Pt Lisas

The EMA said in a statement that it was alerted this morning via its hotline to the disturbance of a subsea pipeline in the Pt. Lisas Bay area.

It said the incident appeared to have occurred during ongoing approved dredging activities being carried out in preparation for the installation of a subsea natural gas pipeline to the Pt. Lisas Industrial Estate, by an oil and gas operator in the Gulf of Paria.

Seepersad-Bachan: 12.5% royalty can affect direct foreign investment in energy sector

Former Minister of Energy and Energy Industries Carolyn Seepersad-Bachan believes the announcement of a 12.5% royalty rate in the energy industry, can negatively impact direct foreign investment in the sector.

Seepersad-Bachan issued a statement today, saying the government is not taking into consideration the what this means for global competitiveness.

The following is Seepersad-Bachan's statement:

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