Author: Andrew Gioannetti

PERENCO TT Ltd has completed its acquisition of several offshore gas fields and associated production facilities from bpTT, marking a significant expansion of its operations in the country’s energy sector. In an Energy Now report, Perenco said the acquired assets, collectively referred to as the CAFI asset, include the Cashima, Amherstia, Flamboyant and Immortelle offshore […]

THE Estate Police Association (EPA) has accepted a four per cent wage increase for two bargaining periods spanning five years from the Airports Authority of Trinidad and Tobago (AATT). A statement from the Airports Authority on December 14, said the agreements concluded wage negotiations for a five the period of 2015-2017 and 2018-2020. The agreement, […]

TOUCHSTONE Exploration (Trinidad) has agreed to acquire Shell Trinidad Central Block Ltd (STCBL) from BG Overseas Holdings for US$23 million in cash, pending regulatory approval. In a release published on its website on December 13, Touchstone said the acquisition involves purchasing all of STCBL’s share capital, giving Touchstone a 65 per cent working interest in […]

MARKETING solutions provider Eric Solis Marketing (Solis) has reported a solid cash position of $10.69 million as of October 31, driven by proceeds from its recent initial public offering (IPO). While net profit for the first half of the financial year declined to $1.14 million from $1.39 million, the company’s shareholders’ equity rose by 12.5 […]

SCOTIABANK TT has reported a profit after tax of $658 million for the fiscal year ended October 31, marking a $3 million increase compared to the previous year’s restated figure. Earnings per share rose to $3.73 from $3.71. Managing director Gayle Pazos highlighted the bank’s key achievements in a media statement, saying, “I am pleased […]

JMMB Investments has published November’s valuation report for Massy Holdings Ltd (MHL), highlighting growth in some segments and challenges that could affect its trajectory. While Massy continues to benefit from acquisitions and improved operational efficiency, the company’s share price has seen a 19 per cent decline from January-September 2024. This has led to a decrease […]

THIS COUNTRY stands at a critical crossroads, grappling with the twin imperatives of addressing climate change and sustaining economic growth. The 2024 Report on Economic Development (Red) by CAF (Development Bank of Latin America and the Caribbean) was launched on December 2, marking the 30th anniversary of TT’s partnership with the bank. Finance Minister Colm […]