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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...

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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...

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Energy Minister: Gas supply to improve slightly in 2015

by Aleem Khan A slight improvement in gas production in T&T is expected in 2015, Energy and Energy Affairs Minister Kevin Ramnarine forecast at a Petroleum Economist hydrocarbon strategy forum at the Hyatt Regency in Port of Spain. “Last year we did say that there...

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Tanzania delegation in T&T to learn about energy sector

A delegation of government and state sector officials from the East African state of Tanzania arrived in Port-of-Spain over the weekend and will be conducting a study tour of T&T’s energy sector until Saturday. The delegation includes Tanzanian MPs, along with...

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LGO to acquire new Cedros acreage

Aleem Khan As it prepares to acquire deep petroleum rights in the Cedros Peninsula for US$2.5 million from Beach Oilfield Ltd (Bolt), LGO Energy plc said it will be exploring depths below 7,000 feet. To put in perspective, the BHP Billiton-BG Group consortium that was...

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Trinity sells Tabaquite block for US$2 m

Aleem Khan “We are delighted to add the Tabaquite Block to our portfolio in Trinidad. The Tabaquite fields represent excellent candidates for reactivation and whilst the fields have become non-core to Trinity, LGO’s proven ability to reactivate oil fields and...

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