(The Energy Chamber, 26.Sep.2022) — The Energy Chamber welcomes measures put in place by the Ministry of Finance to improve the fiscal environment under which the upstream energy sector companies operate in Trinidad and Tobago. We wish to thank the Minister of Finance, Hon. Colm Imbert for collaborative engagement with […]
Tag: Colm Imbert
NRGBriefs: Trinidad’s Fuel Subsidy; Citgo Giusti Departure; “Almost Out of the Faja”
(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans to release its 1Q:22 financial results; Citgo Petroleum confirming the departure of Luis Giusti Lugo from its Board of Directors; […]
Government Expects Higher Than Budgeted Revenues, Forex From Oil, Gas
(Trinidad and Tobago Newsday, 22.Mar.2022) — Finance Minister Colm Imbert said Trinidad and Tobago can expect to enjoy quite higher earnings from the sale of crude oil and natural gas, even as he boasted of foreign reserves now at US$6.7 billion or eight months of import cover, well in excess […]
NRGBriefs: Colombia’s Hydrogen Roadmap
(Energy Analytics Institute, 4.Oct.2021) — Energy briefs including Colombia’s President Iván Duque Márquez launching the country’s hydrogen roadmap for the next decade during an event in Barranquilla; Trinidad and Tobago’s Minister of Finance Colm Imbert eying bid rounds; and more. Argentina — Lithium South Development Corp. (TSX-V: LIS) (OTCQB: LISMF) […]
NRGBriefs: Trinidad Missing Out On European Gas Crisis
(Energy Analytics Institute, 3.Oct.2021) — Energy briefs including SSR Mining Inc. setting the date for 3Q:21 quarterly call; Trinidad and Tobago’s Finance Minister Colm Imbert readies national budget presentation; Trinidad and Tobago struggling to boost LNG exports amid European gas crisis; talks set to resume again on 15 Oct. 2021 […]
Scandal Deepens Over Ill-fated Gas Deal
(Trinidad Guardian, 3.Sep.2021) — In what could turn out to be a major scandal for the government and state-owned National Gas Company, (NGC) Guardian Media has obtained confidential correspondence between Finance Minister Colm Imbert and the Board of the NGC that show the Board seeking, and Imbert agreeing, to grant […]
Trinidad: Natural Gas Sales Down 21%
(Trinidad Guardian, 16.Apr.2021) — Natural gas sales in T&T declined by a whopping 21 per cent from February 2020 to February 2021. According to figures from the Minister of Energy, natural gas sales continued to fall and averaged 2.646 billion cubic feet per day (bcf/d) in February 2021. Natural gas […]
Trinidad Cuts Oil, Gas Budget Price Assumptions
(Argus, 25.Jun.2020) — LNG exporter Trinidad and Tobago has reduced the crude and natural gas price assumptions in its national budget. According to the finance ministry’s mid-year economic review obtained by Argus, the country’s baseline scenario for macroeconomic conditions is now pegged to $45/bl for Brent and $2.90/MMBtu for the […]
Trinidad Monitoring Oil Prices On Global Market
(Jamaica Gleaner, 21.Apr.2020) — The Trinidad and Tobago Government Tuesday urged nationals not to panic as the oil-and-gas-rich country prepared to count the possible loss of billions of dollars in revenue as a result of the historic drop in oil prices on the global market. “Oil and gas are cyclical. It […]
Trinidad Government Defends Guarantee To Petrotrin
(CMC, 16.Nov.2018) — The Trinidad and Tobago government Wednesday said it provided guarantees of more than US$400 million to the cash-strapped oil company, Petrotrin, to meet its financial and other obligations so far this year. Finance Minister Colm Imbert told legislators that as a result of the guarantee, the public […]
Trinidad to Raise Gasoline Price, Use $65/bbl Oil in 2019 Budget
(Energy Analytics Institute, Aaron Simonsky, 1.Oct.2018) — Trinidad and Tobago will use a $65 per barrel oil price to calculate its 2019 budget. Other key highlights related to the 2018/2019 budget were outlined by Finance Minister Colm Imbert in a report titled: “A Genuine Economic Turnaround,” and published by CNC3. […]
$2.6 Billion to Close Petrotrin Refinery
(LoopTT, Darlisa Ghouralal, 1.Oct.2018) — Severance packages for retrenched Petrotrin workers are expected to cost the State in the region of $2.6 billion. Finance Minister Colm Imbert made the announcement based on initial estimates as he delivered the 2018/2019 fiscal package in Parliament on Monday. State-owned oil company Petrotrin began its […]