(Heritage Petroleum, 27.Apr.2022) â Heritage Petroleum Company Limited, a limited liability company organized under the laws of the Republic of Trinidad and Tobago, commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s Offer to Purchase and Consent Solicitation Statement dated 27 April […]
Tag: Trinidad Petroleum Holdings Limited (TPHL)
A&V Oil Arbitration to be Laid in Parliament: Rowley
(Trinidad and Tobago Newsday, 6.Feb.2022) â The Prime Minister has instructed Energy Minister Stuart Young to lay the full details of the arbitration proceedings between with A&V Oil and Gas Drilling and Trinidad Petroleum Holdings Ltd (TPHL) in what was called the “fake oil” scandal He made the statement during […]
Trinidad Petroleum Vows to Fix Debt after S&P Downgrade
(Trinidad and Tobago Newsday, 4.Feb.2022) â S&P Global Ratings has downgraded Trinidad Petroleum Holdings Ltd‘s (TPHL) rating from BB to B+ in its latest overview on Wednesday. The company attributed the downgrade to the delayed issuance of TPHL’s 2019 consolidated audited financial statements, and the tight maturity profile of upcoming […]
TPHL Announces BODs Changes
(TPHL, 27.Apr.2021) â Trinidad Petroleum Holdings Limited (TPHL) announced the membership of the Boards of Directors of the companies in the TPHL Group, following the reconstitution by the Government of the Republic of Trinidad and Tobago of the Boards of Directors for TPHL and its subsidiary companies. The members of […]
Ramnarine: Appointment Of Energy Minister Critical To Economy
(Trinidad and Tobago Newsday, 19.Apr.2021) â Former energy minister Kevin Ramnarine said it is critical for the Prime Minister to name a new Minister of Energy over the next two days, as Trinidad and Tobago is still an oil and gas-dependent economy. He said the shortfall in revenue and the […]
Oil Chairmen Meets Mgmt
(Trinidad Express, 26.Aug.2019) â Trinidad Petroleum Holdings Ltdâs (TPHL) newly appointed chairman Michael Quamina said the company and its subsidiaries would continue working towards becoming sustainably profitable. Quamina and Newman George met with members of the TPHL management teams to get an overview of the operations and business update. Last […]
TPHL Announces Extension Of Expiration Date
(TPHL, 20.Jun.2019) â 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 earlier terminated (such time and date with respect to the Exchange Offers, as the same may be extended, the “Extended […]
TPHL Bondholders Support Amended Offer
(Trinidad and Tobago Newsday, 7.Jun.2019) â Trinidad Petroleum Holdings Ltdâs (TPHL) decision to amend the terms of its exchange offer for its bonds due this year and 2022, has been welcomed by bondholders. The bondholders established a committee which comprises a large group of international investment firms who are holders […]
TPHL Announces Conditional Term Loan Commitments Of Up To $720 Million
(TPHL, 31.May.2019) â Trinidad Petroleum Holdings Limited (TPHL) announced that in connection with its ongoing negotiations with a syndicate of financial institutions to enter into a new senior secured term loan facility (the “Term Loan Facility”) under which TPHL is the borrower and The Guaracara Refining Company Limited, Heritage Petroleum […]