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T&T’s oil production flat in 2014

After breaking a two-year high of 86,020 barrels of oil per day (bopd) in October, T&T has ended 2014 with oil production at 81,100 bopd. “Oil production will end the year at 81,100 (bopd); last year (it) was 81,144 (bopd),” Energy and Energy Affairs Minister...

Scotia in US$50m energy deal

   Scotiabank Trinidad and Tobago Ltd and The Bank of Nova Scotia  have entered into a US$50 million financing agreement with energy companies Touchstone Exploration (Trinidad) Ltd and Primera Oil and Gas Ltd to build on drilling programmes in 2015.  Up to US$15...

Energy companies revisit plans

FALLING oil prices have forced several local energy sector service companies to revisit their project plans for next year. During an Energy Chamber meeting held at Cara Suites Hotel, Claxton Bay yesterday, representatives from various companies told energy heads of...

Scotiabank lends Touchstone US$50m

Aleem Khan Toronto-listed Touchstone Exploration Inc  announced that two of its indirect wholly-owned Trinidad subsidiaries, Touchstone Exploration (Trinidad) Ltd and Primera Oil and Gas Limited, have “entered into an agreement with The Bank of Nova Scotia, as...