PPGPL’s performance bolsters TTNGL’s profits for first half 2024

PPGPL’s performance bolsters TTNGL’s profits for first half 2024

Trinidad and Tobago NGL Limited (TTNGL) continues to post a solid financial performance for 2024. Following the uptick of its profits in Q1, 2024 performance, TTNGL, according to The NGC Group Chairman, Dr. Joseph Ishmael Khan, recorded a profit after tax of TT$46.7 million for the six months ended 30 June 2024. This represents a remarkable year-on-year improvement of TT$49.5 million compared to the corresponding period in 2023 when the company recorded a loss of TT$2.8 million. This substantial recovery translates to earnings per share of TT$0.30.

MEEI hosts energy debate with 35 interns

MEEI hosts energy debate with 35 interns

Thirty-five (35) ‘interns’ at the Ministry of Energy and Energy Industries participated in a two-round knock out debate called “Momentum- Let’s debate on what matters in the energy sector.” The preliminary round of this debate was held on 29th July, 2024 and the much-anticipated final was hosted on 16th August, 2024 at the Ministry of Energy and Energy Industries, International Waterfront Complex, Head-Office, Port-of-Spain.

Removal of overturned vessel delayed by adverse weather

Removal of overturned vessel delayed by adverse weather

The Ministry of Energy and Energy Industries has advised that efforts to re-float the overturned vessel off the Coast of Cove, Tobago have been delayed due to adverse weather alerts and threats of Tropical Storm Ernesto which have resulted in rough seas and widespread thunderstorms and showers of varying intensities across Trinidad and Tobago.

McDermott secures EPCI contract for Manatee

McDermott secures EPCI contract for Manatee

McDermott has been awarded an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract by Shell Trinidad and Tobago Limited for the Manatee gas field development project, located 60 miles (100 kilometers) off the southeast coast of Trinidad and Tobago.

TT Iron Steel Company Ltd. acquires Point Lisas Iron and Steel Plant

TT Iron Steel Company Ltd. acquires Point Lisas Iron and Steel Plant

TT Iron Steel Company Limited (TT Iron) took legal title today, acquiring the iron and steel plant in the Point Lisas Industrial Estate, Couva, Trinidad, after signing a purchase agreement with the liquidator of ArcelorMittal Point Lisas Ltd., Mr. Christopher Kelshall.

Incoming Woodside EVP meets with Minister Young

Incoming Woodside EVP meets with Minister Young

The Honourable Stuart R. Young S.C., M.P, Minister of Energy and Energy Industries, Ms. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries; and Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries met with Woodside Energy executives.

Minister discusses green energy and methane reduction with CAF

Minister discusses green energy and methane reduction with CAF

The areas of discussion at the meeting included the technical assistance and loan facilities available to Trinidad and Tobago for energy projects, with a focus on the harnessing of green energy and also the reduction of harmful methane.

Minister Young discusses TT potential for LNG and petrochemicals with Hungarian Ambassador

Minister Young discusses TT potential for LNG and petrochemicals with Hungarian Ambassador

The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met with His Excellency Balázs Heincz, Ambassador of Hungary to the Republic of Trinidad and Tobago, at the Ministry of Energy and Energy Industries’, International Waterfront Complex, Head-Office, on 12th July, 2024.

Minister young meets with the diplomatic missions of Brazil and Jamaica

Minister young meets with the diplomatic missions of Brazil and Jamaica

 The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met separately, with representatives of the diplomatic missions of Brazil and Jamaica respectively, at the at the Ministry of Energy and Energy Industries’, International Waterfront Complex Head-Office, on 9th July, 2024.