The Privy Council’s ruling yesterday has led the Opposition Leader to again question the decision to have the multi-million-dollar lawsuit against former Petrotrin chairman, Malcolm Jones, withdrawn.
Addressing UNC supporters in Sangre Grande last night, Persad-Bissessar said the pieces of the Malcolm Jones saga were coming together.
Jones was taken to court by now-defunct Petrotrin after a billion-dollar gas-to-liquids venture failed.
However, the matter was dismissed following advice by Queens Counsel Vincent Nelson.
BPTT and Royal Dutch Shell are the only two bidders for three of the six shallow water blocks that were offered in T&T competitive bid round.
The joint bids were made for blocks 4 (c), U (c ) and lower reverse L.
All three are off the east coast of Trinidad where BPTT and Shell operate several other blocks.
No bids were made for blocks NCMA 2 and 3 that are west of Tobago and no bid for block 1 (c).
We will have a further update later.
- Curtis Williams
The United National Congress (UNC) activist Ravi Balgobin Maharaj has been granted a lifeline in his bid to obtain documents related to Petrotrin's failed billion-dollar World Gas-to-Liquids (GTL) plant deal.
In a judgement delivered at the United Kingdom's Supreme Court in London, this morning, five Law Lords of the Privy Council ruled that a High Court Judge and the Court of Appeal were both wrong to dismiss Maharaj's lawsuit, over his failure to obtain the documents through a request under the Freedom of Information Act.
The fate of T&T’s continued economic growth could be partially hinged on the success of BPTT and Atlantic finding a solution to the shortfall in gas supply that is projected in 2020/2021, as failure could hurt the country’s revenue stream.
Asked about the worst-case scenario following BPTT’s recent disappointing drilling at two infill wells yesterday, Energy Chamber CEO Dr Thackwray Driver told Guardian Media that it could lead to Atlantic’s Train 1 being mothballed.
The Government is still in negotiations concerning the future of Atlantic LNG Train 1, Minister of Communications Stuart Young said in Parliament on Monday.
The Port-of-Spain North/St Ann’s West MP said the Opposition was using the recent announcement by BPTT concerning gas supply to the Point Fortin plant, as a tool for fear mongering.
“Yes, obviously this government is going to look at what happens with Train 1.
There is no rejoicing, this government is not happy about any setback whatsoever, in the energy sector.
BPTT’s production will fall by up to 300 million standard cubic feet per day in 2020 and 2021, according to the energy major.
This is a 15 per cent drop in production and conflicts with the Mid-year Budget Review presented by Finance Minister Colm Imbert.
Imbert tried to downplay the significance of the decline by saying he expected little impact on natural gas production.
The Chamber of Industry and Commerce says that the positive growth figures quoted by Finance Minister Colm Imbert in the 2019 midterm review present some hope for the wider private sector in the coming months.
The chamber issued a statement saying it was also pleased to hear the minister’s comments regarding some long outstanding issues on which it has been lobbying for some time.
Prime Minister Dr Keith Rowley says the government is working closely with the government of China to build and operate a ship-servicing facility in this country.
The plan is part of an initiative to diversify the economy away from oil and gas.
Dr Rowley made the announcement at a ceremony to sign a contract for a new central block of the Port-of-Spain General Hospital at the Diplomatic Centre in St Ann's Monday morning.
The new block will cater for 540 beds, more than 100 above what the old block held.
Hubert Bhagwansingh, the founder and chairman of the Bhagwansingh’s Group of Companies, has died.
A release from the group said Bhagwansingh passed away yesterday. The cause of death was not released, however, Guardian Media understands that he had ailing for some time.
A tech company is lashing back at the government, accusing it of making misguided statements about a multi-million dollar contract.
Novo Technology, the company which was selected to provide automated passport kiosks at the nation's airports, says it has done nothing wrong, and it finds the government's position curious.
Khamal Georges has more.