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Tag: PetroTrin

Latin America and Caribbean Trinidad and Tobago

OWTU To Buy Petrotrin Refinery

ENERGY ANALYTICS INSTITUTE (EAI)23/09/201927/09/2019
(Argus, 23.Sep.2019) — Trinidad and Tobago's government agreed to sell its mothballed 160,000 b/d Pointe-a-Pierre refinery to a company partly owned by the oil workers' union. Finance minister Colm Imbert...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Lies Will End Keith Rowley’s Reign As PM

ENERGY ANALYTICS INSTITUTE (EAI)23/07/201904/08/2019
(T&T Newsday, Yvonne Webb, 23.Jul.2019) — President General of the Oilfield Workers Trade Union (OWTU) Ancel Roget is predicting that the many lies told about the closure of Petrotrin would...
Latin America and Caribbean Trinidad and Tobago

TPHL Announces Expiration And Final Results

ENERGY ANALYTICS INSTITUTE (EAI)25/06/201926/06/2019
(TPHL, 25.Jun.2019) — Trinidad Petroleum Holdings Limited (TPHL) today announced the expiration and final results of its previously announced offers to exchange any and all of its outstanding notes, originally...
Latin America and Caribbean North America Trinidad and Tobago USA

TPHL Announces Extension Of Expiration Date

ENERGY ANALYTICS INSTITUTE (EAI)20/06/201920/06/2019
(TPHL, 20.Jun.2019) — Trinidad Petroleum Holdings Limited (TPHL) announced that the expiration date has been extended until 5:00 p.m., New York City time, on June 21, 2019, unless extended or...
Latin America and Caribbean North America Trinidad and Tobago USA

Trinidad Petroleum Holdings Limited Announces Extension Of Expiration Date

ENERGY ANALYTICS INSTITUTE (EAI)24/05/201924/05/2019
(TPHL, 24.May.2019) — Trinidad Petroleum Holdings Limited announced the expiration date has been extended until 5:00 p.m., New York City time, on June 14, 2019, unless extended or earlier terminated...
Latin America and Caribbean Trinidad and Tobago

Trinidad Petroleum Secures New Bank Loans As Bond Repayment Looms

ENERGY ANALYTICS INSTITUTE (EAI)12/03/201915/03/2019
(Loan Pricing Corporation, Aaron Weinman, 12.Mar.2019) — Trinidad Petroleum Holdings (TPH) is in advanced debt restructuring talks with banks and has secured new loans of up to US$1.4bn based on...
Latin America and Caribbean Trinidad and Tobago

Trinidad: Union Confident Of Acquiring Assets Of Oil Refinery

ENERGY ANALYTICS INSTITUTE (EAI)16/02/201918/02/2019
(CMC, 16.Feb.2019) — The Oilfield Workers Trade Union (OWTU) says it remains “confident” that it would soon acquire the assets of the former state-owned oil refinery, PETROTRIN, whose operations were...
Latin America and Caribbean Trinidad and Tobago

Gopee-Scoon: Trinidad Getting Better Fuel From Paria

ENERGY ANALYTICS INSTITUTE (EAI)15/02/201915/02/2019
(Trinidad and Tobago Newsday, Richardson Dhalai, 15.Feb.2019) — Trade Minister Paula Gopee-Scoon says the country is getting higher quality fuel from Paria Fuel Trading Co Ltd (Paria Fuel) than it...
Asia Europe Latin America and Caribbean North America Trinidad and Tobago USA Venezuela

Trinidad Energy Sector Outlook 2019

ENERGY ANALYTICS INSTITUTE (EAI)06/01/201914/01/2019
(T&T Energy Chamber CEO Thackwray ‘Dax’ Driver, 6.Jan.2019) — Trinidad & Tobago’s energy sector is predicted to make a modest recovery in 2019, on the back of increased natural gas...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Consultants Paid Over $11 Million

ENERGY ANALYTICS INSTITUTE (EAI)12/12/201812/12/2018
(Trinidad and Tobago Newsday, Julien Neaves, 12.Dec.2018) — More than US$11 million (or over TT$74 million) has been paid to two global consultancy companies for work done on behalf of...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Settles Debts, Fights Sabotage

ENERGY ANALYTICS INSTITUTE (EAI)01/12/201802/12/2018
(Trinidad and Tobago Newsday, Carla Bridglal, 1.Dec.2018) — Termination and other exit payments owed to Petrotrin’s workers as part of a $2.7 billion compensation settlement have finally started appearing in...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Hospital To Be Leased Or Sold

ENERGY ANALYTICS INSTITUTE (EAI)24/11/201824/11/2018
(Trinidad and Tobago Newsday, Julien Neaves, 24.Nov.2018) — Energy Minister Franklin Khan has announced operations at the Augustus Long Hospital in Pointe-a-Pierre, which has serviced the medical needs of Petrotrin...
Europe Latin America and Caribbean Trinidad and Tobago

TT Budget On Oil Price Swing

ENERGY ANALYTICS INSTITUTE (EAI)22/11/201809/12/2018
(Trinidad and Tobago Newsday, Carla Bridglal, 22.Nov.2018) — Crude oil’s importance to the TT economy is now second to natural gas, but its contribution is by no means miniscule —...
Latin America and Caribbean Trinidad and Tobago

Trinidad Government Defends Guarantee To Petrotrin

ENERGY ANALYTICS INSTITUTE (EAI)16/11/201820/11/2018
(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...
Latin America and Caribbean Trinidad and Tobago

Is Your Gasoline Burning Out Faster?

ENERGY ANALYTICS INSTITUTE (EAI)07/11/201808/11/2018
(Trinidad Express, Sandhya Santoo, 7.Nov.2018) — Is super gasoline burning faster? This is the claim by some motorists who are insisting that the fuel is burning faster, leading to lower...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Moves Against Land Grabbers

ENERGY ANALYTICS INSTITUTE (EAI)29/10/201829/10/2018
(Trinidad and Tobago Newsday, Azard Ali, 29.Oct.2018) — Starting today, Petrotrin will employ measures to stop people from grabbing its lands. The state-owned refinery is expcted to cease operations on...
Latin America and Caribbean

Trinidad Government Announces New Company For Refinery Assets

ENERGY ANALYTICS INSTITUTE (EAI)18/10/201824/10/2018
(Trinidad and Tobago Newsday, Carla Bridglal, 18.Oct.2018) The government has announced a new state company, Guaracara Refining Company, into which the assets of the Pointe-a-Pierre refinery will be placed. The...
Latin America and Caribbean Trinidad and Tobago

Trinidad Government Defends Decision To Close Petrotrin

ENERGY ANALYTICS INSTITUTE (EAI)03/10/201805/10/2018
(CMC, 3.Oct.2018) — The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil company, Petrotrin, insisting that the...
Trinidad and Tobago

$2.6 Billion to Close Petrotrin Refinery

ENERGY ANALYTICS INSTITUTE (EAI)01/10/201803/10/2018
[caption id="attachment_3882" align="alignnone" width="1920"] Petrotrin refinery in Trinidad. Source: Trinidad Guardian[/caption] (LoopTT, Darlisa Ghouralal, 1.Oct.2018) — Severance packages for retrenched Petrotrin workers are expected to cost the State in the region...
Latin America and Caribbean Trinidad and Tobago

Trinidad Energy Chamber, Petrotrin Officials Discuss Refinery Closure

ENERGY ANALYTICS INSTITUTE (EAI)30/09/201805/10/2018
(Energy Analytics Institute, Aaron Simonsky, 30.Sep.2018) — Members of the Energy Chamber of Trinidad & Tobago and a Petrotrin transition team meet to discuss issues related to closure of the...
Latin America and Caribbean Trinidad and Tobago

Khan: No Fuel Supply Disruption

ENERGY ANALYTICS INSTITUTE (EAI)26/09/201827/09/2018
(Trinidad and Tobago Newsday, Julien Neaves, 26.Sep.2018) — Energy Minister Franklin Khan has assured there would be no disruption in fuel supply to the travelling public with the closure of...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Loses Board Member

ENERGY ANALYTICS INSTITUTE (EAI)20/09/2018
(Trinidad and Tobago Newsday, Yvonne Webb, 20.Sep.2018) — Days before Petrotrin's refining operation ceases and workers are retrenched, a member of the board who would have participated in the restructuring...
Latin America and Caribbean Trinidad and Tobago

More Than TT$1 Billion in Compensation for Petrotrin Workers

ENERGY ANALYTICS INSTITUTE (EAI)19/09/201820/09/2018
(CMC, 19.Sep.2018) — The Trinidad and Tobago g overnment Monday said the compensation package for workers being laid off by the closure of the oil refinery of the s tate-owned...
Latin America and Caribbean Trinidad and Tobago

Expert Says Closure of Petrotrin Refinery Will Decimate Trinidad

ENERGY ANALYTICS INSTITUTE (EAI)17/09/201818/09/2018
(Trinidad Express, 17.Sep.2018) — Former Director of Energy Industries at Industrial, Jim Catterson, says closure of the Petrotrin refinery makes no economic sense. He said the closure would decimate south...
Barbados Latin America and Caribbean Trinidad and Tobago

Barbados Hunting New Suppliers Following Closure of Petrotrin Refinery

ENERGY ANALYTICS INSTITUTE (EAI)14/09/201815/09/2018
(Jamaica Gleaner, 14.Sep.2018) — Barbados says it is holding discussions with a number of suppliers to replace the energy arrangements it had with oil refinery Petrotrin. The refinery, based in...
Latin America and Caribbean Trinidad and Tobago

NP CEO Says No Fallout On Refinery Closure

ENERGY ANALYTICS INSTITUTE (EAI)12/09/201815/09/2018
(Trinidad and Tobago Newsday, Sasha Harrinanan, 12.Sep.2018) — Most everyone knows about the 1,700 workers who will be out of a job once Petrotrin closes its oil refinery in Pointe-a-Pierre....
Latin America and Caribbean Trinidad and Tobago

An Iconic Legacy Petrotrin – Not Too Big To Fail

ENERGY ANALYTICS INSTITUTE (EAI)05/09/201808/09/2018
(Trinidad and Tobago Newsday, Melanie Waithe, 5.Sep.2018) — Petrotrin has been in operation for over 97 years, and now our legacy refinery as we know it, will close. Its transition...
Latin America and Caribbean Trinidad and Tobago

Bail out Petrotrin

ENERGY ANALYTICS INSTITUTE (EAI)05/09/201808/09/2018
(Trinidad and Tobago Newsday, Vashtee Achibar, 5.Sep.2018) — Industrial relations consultant Gerard Pinard wants to know whether Government considered every available option before it took the decision to close down...
Latin America and Caribbean Trinidad and Tobago

T&T Prime Minister’s Office: Reinventing Petrotrin

ENERGY ANALYTICS INSTITUTE (EAI)03/09/201802/12/2018
(Office of the T&T Prime Minister, 3.Sep.2018) — Trinidad and Tobago is heavily dependent on our involvement in the natural gas industry by way of the processing and export of...
Guyana Latin America and Caribbean Trinidad and Tobago

Kamla Floats Guyana Help for Trinidad Refinery

ENERGY ANALYTICS INSTITUTE (EAI)02/09/201803/09/2018
(Stabroek News, 2.Sep.2018) — Trinidad Opposition Leader Kamla Persad Bissessar has raised the prospect of Guyana oil being used to rescue the beleaguered Petrotrin refinery but Prime Minister Keith Rowley...
Guyana Latin America and Caribbean Trinidad and Tobago

Energy MoU Soon Between Guyana, Trinidad

ENERGY ANALYTICS INSTITUTE (EAI)02/09/201803/09/2018
(Stabroek News, Marcelle Thomas, 2.Sep.2018) — A long-delayed Memorandum of Understanding (MoU) between Guyana and Trinidad on energy cooperation is expected to be signed in the coming weeks, according to...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Severance to Cost at Least $1 Bln

ENERGY ANALYTICS INSTITUTE (EAI)31/08/201831/08/2018
(Trinidad and Tobago Newsday, Carla Bridglal, 31.Aug.2018) — Severance packages for Petrotrin workers will cost upwards of $1 billion, Energy Minister Franklin Khan estimated yesterday. But compared to the Pointe-a-Pierre...
Latin America and Caribbean Trinidad and Tobago

Lennox Petroleum to Take Legal Action Against OWTU

ENERGY ANALYTICS INSTITUTE (EAI)31/08/201831/08/2018
(Trinidad and Tobago Newsday, Yvonne Webb, 31.Aug.2018) — Lennox Petroleum Services Ltd has initiated legal action against members of the Oilfield Workers Trade Union (OWTU), one day after they protested...
Latin America and Caribbean Trinidad and Tobago

Shut-Down of Historic Petrotrin Refinery

ENERGY ANALYTICS INSTITUTE (EAI)30/08/201831/08/2018
[caption id="attachment_3451" align="alignright" width="434"] Petrotrin refinery. Source: Petrotrin[/caption] (Trinidad and Tobago Newsday, Carla Bridglal, 30.Aug.2018) — On the eve of the country’s 56th anniversary of Independence, the board of Petrotrin...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Concerned: Ramnarine and Seepersad-Bachan

ENERGY ANALYTICS INSTITUTE (EAI)29/08/201803/09/2018
(Trinidad and Tobago Newsday, Sasha Harrinanan, 29.Aug.2018) — Former energy ministers Kevin Ramnarine and Carolyn Seepersad-Bachan, both of whom served under the previous administration, are asking if Petrotrin’s board considered...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Financials, Details About Pointe-a-Pierre Refinery

ENERGY ANALYTICS INSTITUTE (EAI)29/08/201830/08/2018
(Energy Analytics Institute, Ian Silverman, 29.Aug.2018) — It’s official: Petrotrin or the Petroleum Company of Trinidad and Tobago Limited will cease to operate its lone refinery located at Pointe-a-Pierre. What...
Latin America and Caribbean Trinidad and Tobago

1,700 Petrotrin Workers to be Fired, Refinery Closed

ENERGY ANALYTICS INSTITUTE (EAI)28/08/2018
[caption id="attachment_3389" align="alignnone" width="1700"] Petrotrin workers being addressed by OWTU president general Ancel Roget. Photo: Trevor Watson[/caption] (Trinidad Express, 28.Aug.2018) — It’s official. Petrotrin’s refinery is to close. And 2,600...
Latin America and Caribbean Trinidad and Tobago

PetroTrin Refinery to Close

ENERGY ANALYTICS INSTITUTE (EAI)28/08/201828/08/2018
[caption id="attachment_3385" align="alignright" width="732"] Petrotrin’s Pointe-a-Pierre refinery operations. Photo: Richard Charan[/caption] (Trinidad Express, Ria Taitt, 28.Aug.2018) — The Government has decided to shut down the refinery of State oil company...
Barbados Latin America and Caribbean Trinidad and Tobago

Trinidad Imports 40% of Oil from Russia

ENERGY ANALYTICS INSTITUTE (EAI)27/08/2018
(Energy Analytics Institute, Ian Silverman, 27.Aug.2018) —Trinidad and Tobago is relying on Russia as its main source of imported crude oil. Between January and June 2018, the small twin-island country...
Latin America and Caribbean Trinidad and Tobago

MEEI Updates on Status of Trinidad Energy Infrastructure

ENERGY ANALYTICS INSTITUTE (EAI)24/08/201827/08/2018
(MEEI, 24.Aug.2018) — The Ministry of Energy and Energy Industries (MEEI) has been monitoring the impacts of the 6.9 magnitude earthquake which occurred on Tuesday 21st August, 2018 at 5:31...
Latin America and Caribbean Trinidad and Tobago Venezuela

Dragon Gas Deal Finalised Tomorrow

ENERGY ANALYTICS INSTITUTE (EAI)21/08/2018
(Trinidad and Tobago Newsday, Carla Bridglal, 21.Aug.2018) – After nearly two years of negotiations between this country and Venezuela the deal that will allow TT to process gas from the...
Latin America and Caribbean Trinidad and Tobago

Major Petroleum Cos. Pay T&T $114.7 Bln during 2010-2016

ENERGY ANALYTICS INSTITUTE (EAI)20/08/2018
(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2018) – Payments by major oil and gas companies to the government of the twin-island nation of Trinidad and Tobago totaled $114.7 billion during 2010-2016....
Latin America and Caribbean Trinidad and Tobago

Union, Petrotrin Deny Strike Rumours

ENERGY ANALYTICS INSTITUTE (EAI)10/08/2018
(Trinidad and Tobago Newsday, Yvonne Webb, 10.Aug.2018) – State-owned oil company Petrotrin said a message circulating on social media that the company is on strike is not true. The message...
Latin America and Caribbean Trinidad and Tobago

PetroTrin Refinery Importing Shortfall

ENERGY ANALYTICS INSTITUTE (EAI)31/07/2018
(Energy Analytics Institute, Ian Silverman, 31.Jul.2018) – That’s according to reports in a local newspaper. “The refinery at PetroTrin has a capacity of 140,000 barrels of oil per day (bopd);...
Jamaica Latin America and Caribbean Trinidad and Tobago

Hold It Right There, Petrotrin!

ENERGY ANALYTICS INSTITUTE (EAI)29/07/201801/08/2018
[caption id="attachment_2712" align="alignleft" width="300"] Source: Jamaica Observer[/caption] (The Sterling Report, Yanique Leiba-Ebanks, 29.Jul.2018) – Petroleum Company of Trinidad and Tobago Ltd (affectionately known as Petrotrin) is the state-owned oil company...
Latin America and Caribbean Trinidad and Tobago

Petrotrin Board, Union Disagree to Agree

ENERGY ANALYTICS INSTITUTE (EAI)26/07/201831/07/2018
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) – The board of Petrotrin has outlined a plan to reorganise and restructure the state oil company in a bid to make it...
Latin America and Caribbean Trinidad and Tobago

PetroTrin Achieves $85.6 Mln Profit

ENERGY ANALYTICS INSTITUTE (EAI)19/07/201801/09/2018
(Trinidad Guardian, 19.Jul.2018) – Petrotrin chairman Wilfred Espinet said cost reduction initiatives undertaken by the interim executive team installed at the energy company resulted in a second quarter profit after...
Latin America and Caribbean Trinidad and Tobago

Trinidad Seeks Assistance In Leak Cleanup

ENERGY ANALYTICS INSTITUTE (EAI)09/07/201810/07/2018
(LoopTT, 9.Jul.2018) – Cleanup operations continue following a leak at the Couva Marine 2 Well. Personnel with the Energy Ministry and Petrotrin’s Incident Command team have been monitoring the leaking...
Latin America and Caribbean Trinidad and Tobago

Trinidad Seeks Help As Oil Well Ruptures

ENERGY ANALYTICS INSTITUTE (EAI)09/07/201801/09/2018
(Prensa Latina, 9.Jul.2018) – A fuel leak in the Couva platform, in the Gulf of Paria, Trinidad and Tobago, continues today after four days of being initiated, before which the...
Barbados Latin America and Caribbean

Oil Price Weighs on Barbados’ Inflation

ENERGY ANALYTICS INSTITUTE (EAI)04/07/201804/07/2018
(Trinidad Express, Aleem Khan, 4.Jul.2019) – High oil prices on their own appear to be good neither for Trinidad and Tobago nor Barbados, according to statements by an International Monetary...
Guyana Latin America and Caribbean

National Oil Co for Guyana Would Be Disaster

ENERGY ANALYTICS INSTITUTE (EAI)03/07/2018
(Stabroek News, 3.Jun.2018) – The creation of a National Oil Company (NOC) will be “a disaster” for this country warns former Government Advisor on Petroleum, Dr. Jan Mangal who says...
Latin America and Caribbean Trinidad and Tobago

Guyana Potential Game Changer for Petrotrin

ENERGY ANALYTICS INSTITUTE (EAI)27/06/201801/09/2018
[caption id="attachment_950" align="alignnone" width="688"] Installations at Petrotrin. Source: Petrotrin[/caption] (Trinidad and Tobago Newsday, Julien Neaves, 27.Jun.2018) – Guyana and its eight oil finds can be a game changer for state-owned...
Latin America and Caribbean Trinidad and Tobago

TT’s Energy Landscape

ENERGY ANALYTICS INSTITUTE (EAI)10/05/201801/09/2018
(Trinidad and Tobago’s Newsday, Richardson Dhalai, 10.May.2018) — Trinidad and Tobago has been involved in the petroleum sector for over 100 years and is the largest oil and natural gas...
Latin America and Caribbean Venezuela

PDVSA’s Deterioration on All Fronts

ENERGY ANALYTICS INSTITUTE (EAI)22/05/201704/07/2018
(Energy Analytics Institute, Pietro D. Pitts, 22.May.2017) – In recent weeks PDVSA has reported at least three accidents: Petrotrin oil spill in Sucre state and incidents at its Cardon and...
Latin America and Caribbean Venezuela

PDVSA Contingency Plan for T&T Oil Spill

ENERGY ANALYTICS INSTITUTE (EAI)21/05/201704/07/2018
(Energy Analytics Institute, Ian Silverman, 21.May.2017) – PDVSA reiterated in a twitter post that once the authorities from Trinidad and Tobago notified the company of the Petrotrin oil spill that...
Latin America and Caribbean Venezuela

PDVSA Says Oil Spill Clean-up Advances

ENERGY ANALYTICS INSTITUTE (EAI)20/05/201704/07/2018
(Energy Analytics Institute, Piero Stewart, 20.May.2017) – PDVSA announced that clean-up activities continue along the Venezuelan coast off Sucre state, related to the spill of crude oil at the Pointe-à-Pierre...
Latin America and Caribbean Venezuela

Trinidad Oil Spill Reaches Venezuelan Beaches

ENERGY ANALYTICS INSTITUTE (EAI)13/05/201704/07/2018
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA has intensified contingency measures to counter the ill effects of an oil spill that occurred last week in neighboring Trinidad and Tobago....
Latin America and Caribbean Trinidad and Tobago

LGO Approved for Mayaro Infill Wells in Trinidad

ENERGY ANALYTICS INSTITUTE (EAI)04/01/201703/07/2018
(LGO Energy plc, 4.Jan.2017) – LGO Energy plc provided a further update on its plans to recommence production drilling at the Goudron Field in Trinidad following its announcement of December...

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Total Announces Fourth Find In Suriname’s Block 58

Keskesi East-1 Finds Oil In Block 58 Offshore Suriname

Cheinere Marks Arrival Of First Cargo With CPC Taiwan

Nigeria Solar Firm Gets $38mn To Expand

Guyana And US Ink Agreement In Georgetown

Reganosa To Operate LNG Terminal In Ghana

Maduro Says Venezuela Eyes Output Of 1.5 MMB/D

France’s Total Acquires Fonroche Biogaz

Trinidad And Tobago Energy Event And Trade Show 2021

Trinidad: Energy Efficiency And Renewables Event 2021

Global Witness Withdraws Guyana Report

OPEC Voluntary Production Levels (PDF DOWNLOAD)

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