Business

BHP moving towards production of more oil & gas in T&T

Prime Minister Dr Keith Rowley today met with BHP officials at BHP's head office in Melbourne, Australia, along with Minister of Foreign and Caricom Affairs, Dennis Moses and Minister in the Office of the Prime Minister and Minister in the Ministry of the Attorney General and Legal Affairs, Stuart Young.

The participants discussed BHP's current operations in Trinidad and Tobago and in particular their on-going exploration plans which include the drilling of three wells commencing shortly.

Moody's projects energy-sector rebound for T&T

Moody’s Investments has noted a narrowing fiscal deficit credited to Government of Trinidad and Tobago’s restraint and an increase in energy and non-energy tax revenue following the mid-year review.

It also projects an Energy Sector-led rebound in growth to support the fiscal trajectory.

NGC signs agreement with Mozambique's state-owned petroleum company

The National Gas Company (NGC) has signed a Technical Services Agreement (TSA) with Empresa Nacional de HidroCarbonetos, (ENH), the state-owned petroleum company of the Republic of Mozambique.

ENH is responsible for the research, prospection, production and commercialization of petroleum products and represents Mozambique in oil and gas operations.

The TSA was executed on the first day of ENH’s three-day study-tour of Trinidad and Tobago’s energy sector from 13th to 17th May, 2018.

Lowest rice production in years

Grappling with millions of dollars in debts, local rice farmers say they have experienced their lowest yields ever and are blaming the government and the National Flour Mills.

Figures from NFM show that farmers produced only 126 tonnes of rice for 2018, compared to 2,800 tonnes in 2014. At present there are 30 rice farmers in T&T compared to more than 10,000 in the 1970’s and 80’s.

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