Energy

Bp appoints new head of T&T operations

Energy giant Bp has appointed its first female to head its local office.

Claire Fitzpatrick is now the Regional President of BpTT.

She takes over from Norman Christie who was given a new position as joint head of the Bp Group Chief Executive's office.

Christie's promotion was announced back in February and took effect since April 1st.

The new Regional President of BpTT previously managed Bp's upstream joint venture interests in Australia.

She says she is looking forward to working with the BpTT team and stakeholders.

 

NGC profit up 37% to $989 million

The NGC Group has recorded profit after tax of $989 million for 2017, a 37.3% or $269 million increase above the 2016 reported profit after tax of $721 million.

Revenue increased by $2.977 billion from $10.903 billion in 2016 to $13.881 billion, driven by higher ammonia and methanol prices of 2% and 61% respectively.

A statement by the NGC says that the board and management’s agenda to re-engineer the business for sustainable growth, improved profitability and continuous industry-wide development has been successful.

NGC signs agreement with Global Petroleum Group

The National Gas Company (NGC) has announced that it has finalised a commercial agreement with Global Petroleum Group (GPG) operating in Grenada.

The company says this agreement marks a major development in the collaboration and energy cooperation among CARICOM countries, and is an important pillar in growing and strengthening the region’s economies.

The relationship between the two companies is a result of the Energy Sector Development Framework Agreement signed between the Government of the Republic of Trinidad and Tobago (GORTT) and the Government of Grenada.

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