Petrotrin refinery shut down

[zoom rader]

Now is a good time to buy shares in the foreign oil companies than are operating in Trini.

These companies will pull wool over an inexperience board in the oil exploration bussiness.

[razi]

Beowulf Energy, coming soon to a refinery near you.

[Ben_spanna]

So foreign energy companies coming in to dominate this sector, and Chinese taking over construction.... nice... we are definitely heading into a dependency country...

[hydroep]

Remember when Eric Williams was the champion of Anti-colonialism ranting about gih we Independence, leh we chart we own destiny and all that dog toots?

What he really wanted was fuh he and he cronies to be in charge so they could get what the massas was getting and selling out to foreigners be it oil giants (or the Chinese Construction Companies of today) was/is a necessary part of the equation - because them apparently have "expertise and capital" that the 'chupid' locals doh have.

Since then politicians from both sides of the pond have continued the trend, some just smarter about how they do it..

[Redman]

Hate to break it to you guys..Foreign Companies have always dominated the Oil and Gas sector.

Facts of Life.

[zoom rader]

Hate to break it to you guys..Foreign Companies have always dominated the Oil and Gas sector.

Facts of Life.

Yup this is true.

They are listed on the UK stock market with one on the Canadian market.

Even Trinity oil is UK owned

[zoom rader]

Theres a trini citizen that keeps a very low profile. He is the richest man in the Caribbean .

1% is jokers to this man

This guy sold his oil company to Bp and made billions .

https://gb.wallmine.com/lse/trin/office ... e-dingwall

[Redman]

Which company he sold to BP ?

[zoom rader]

Venture plc, which is now Centrica

[Redman]

not BP

I thought Centrica bought out Venture.

[Redman]

Hate to break it to you guys..Foreign Companies have always dominated the Oil and Gas sector.

Facts of Life.

Yup this is true.

They are listed on the UK stock market with one on the Canadian market.

Even Trinity oil is UK owned

The reason for this is that the local financial sector does not finance oil and gas-but more relevantly will not finance a drilling operation.

Its easier to raise money outside of the country to drill here

[zoom rader]

not BP

I thought Centrica bought out Venture.

My mistake, its BG that owns Centrica

[Redman]

BG is owned by Centrica-
Trinity took Venture Productions local assets around 2005-for some cash debt and share exchange

Centrica took Venture 2009.

He now is a minority shareholder in Trinity

[zoom rader]

BG is owned by Centrica-
Trinity took Venture Productions local assets around 2005-for some cash debt and share exchange

Centrica took Venture 2009.

He now is a minority shareholder in Trinity

Yup the guy made a killing

[hydroep]

Kamla warns of possible fuel shortages
Radhica De Silva

Opposition Leader Kamla Persad-Bissessar says the Prime Minister's recent 'attack' on public servants could be an indication that he plans to fire them.

Speaking at the UNC's Monday night forum, Persad-Bissessar said the government is finding it difficult to find money to pay public servants because Prime Minister Dr Keith Rowley had shut down Petrotrin without creating new avenues for revenue generation.

She predicted a dire future saying there will also be fuel shortages because of the mishandling of T&T's petroleum resources.

"Dr Rowley says public servants are lazy. He denigrates public service. In every crop of people, there is good, bad and indifferent. Why he comes now to say public servants lazy?

Why would he attack the public servants? Did something happen recently? I think they don't have the money for public servants. They cannot pay the public servants so he is setting the stage. Is it that they intend to fire public servants?" Persad-Bissessar asked.

She added, " This is the man who said the government is not going to close down Petrotrin. Today I am asking, is the govt going to fire public servants?"

She noted that the changes in Petrotrin were "frightening."

"We used to get Foreign Exchange from Petrotrin but Forex has dried up. What do we get from the companies that replaced Petrotrin?

She said some gas stations were not getting their full quota of fuel.

" What I predict is that there is going to be a shortage of fuels at the gas station. They now have to buy the fuel to put in the pumps.

Someone who owns a gas station said they are not getting the supplies of fuel, " she added.

The Opposition Leader called on the prime minister to say where he was getting funds for fuel.

"Let us hear what is the situation with funding now that we have to import fuel. They shut down Petrotrin and say it was not working. They put Espinet and he licks up everyone and now they lick up him.

You are bringing people with no experience whatsoever. Tell us what experience they have in the energy sector, " she said, making reference to the new appointments. She said TT was facing an economic.tate of emergency as well as a criminal state of emergency.

" If we don't do what we have to do, then heaven help our children. There will be no future for the young people of our country, " she added.

http://www.guardian.co.tt/news/kamla-warns-of-possible-fuel-shortages-6.2.918858.f859e2999e

[gastly369]

All in all tanty eh wrong eh

[sMASH]

All in all tanty eh wrong eh

along the lines of what we were saying before they closed petrotrin, to explain why they should not.

jackass PNM

[Redman]

The man was hired like every other state enterprise chair-to do the bidding of the political directorate.
Gillette had relevant experience?

[zoom rader]

The man was hired like every other state enterprise chair-to do the bidding of the political directorate.
Gillette had relevant experience?

What Gillette have to do with shutting down Petrotrin?

This is PNM they are the ones that shut it down.

You sound like a typical PNM that does not own up to Jack arse decisions.

[Redman]

Well if you want to bleat about experience-go ahead.
If you want to pretend that state enterprise boards are not staffed by POLITICAL appointees -whose sole directive is to follow PARTY policy then go ahead.

If you cant understand that Im agreeing that the new appointees are in fact POLITICAL LIKE EVERY OTHER CHAIR OF EVERY OTHER STATE ENTERPRISE EVAAAAARRRRR.....then it eh only typical PNM people that have jack arse tendencies.

[zoom rader]

Well if you want to bleat about experience-go ahead.
If you want to pretend that state enterprise boards are not staffed by POLITICAL appointees -whose sole directive is to follow PARTY policy then go ahead.

If you cant understand that Im agreeing that the new appointees are in fact POLITICAL LIKE EVERY OTHER CHAIR OF EVERY OTHER STATE ENTERPRISE EVAAAAARRRRR.....then it eh only typical PNM people that have jack arse tendencies.

Yup its only PNM that shut down industries.

Caroni, Gone
Petrotrin, Gone

[Redman]

when you find out that the fella leasing the Crushing assets (that just there rotting)is the fella importing sugar and is the fella that is Tanty Kams bed and breakfast.
AND HE IS THE SAME FELLA THAT MANNING WAS TIGHT TIGHT TIGHT WITH.

Kams could have saved the entire Cane Farming population.But she sell out to the importers
Ask Dooks.

At some point you will see the abject stupidity of the whole PNM/UNC thing that you embedded in.

[zoom rader]

when you find out that the fella leasing the Crushing assets (that just there rotting)is the fella importing sugar and is the fella that is Tanty Kams bed and breakfast.

Kams could have saved the entire Cane Farming population.But she sell out to the importers
Ask Dooks.

At some point you will see the abject stupidity of the whole PNM/UNC thing that you embedded in.

Bro

PNM killed sugar and thats be all and end all.

Non PNM goverments had nothing to do with shutting down of caroni and Petrotrin.

You pulling at straws defending a MC jackarse of a PNM government

[rspann]

when you find out that the fella leasing the Crushing assets (that just there rotting)is the fella importing sugar and is the fella that is Tanty Kams bed and breakfast.
AND HE IS THE SAME FELLA THAT MANNING WAS TIGHT TIGHT TIGHT WITH.

Kams could have saved the entire Cane Farming population.But she sell out to the importers
Ask Dooks.

At some point you will see the abject stupidity of the whole PNM/UNC thing that you embedded in.

Gopaul luck is not Seepaul luck.

[Redman]

when you find out that the fella leasing the Crushing assets (that just there rotting)is the fella importing sugar and is the fella that is Tanty Kams bed and breakfast.

Kams could have saved the entire Cane Farming population.But she sell out to the importers
Ask Dooks.

At some point you will see the abject stupidity of the whole PNM/UNC thing that you embedded in.

Bro

PNM killed sugar and thats be all and end all.

Non PNM goverments had nothing to do with shutting down of caroni and Petrotrin.

You pulling at straws defending a MC jackarse of a PNM government

Not in the least-ive been saying that they are all the same-but whatever makes you happy.

[kstt]

Will the new appointment further compromise the fake oil case?

[vaiostation]

Heritage gets interim CEO


State-owned Her­itage Pe­tro­le­um has an­nounced the ap­point­ment of for­mer bpTT ex­ec­u­tive Ar­lene Chow as its in­ter­im Chief Ex­ec­u­tive Of­fi­cer.

Chow as­sumed du­ties from to­day pend­ing the re­cruit­ment of a per­ma­nent CEO to re­place for­mer CEO, Mike Wylie. She was the Chief Op­er­at­ing Of­fi­cer of At­lantic LNG up to her re­tire­ment in De­cem­ber last year.

The Of­fice of the Prime Min­is­ter in a re­cent state­ment said it would ter­mi­nate the con­tract of Wylie who is cur­rent­ly in the Unit­ed States seek­ing treat­ment for can­cer.

Wylie, an Amer­i­can oil and gas pro­fes­sion­al, was ap­point­ed last No­vem­ber fol­low­ing for­mer state oil com­pa­ny Petrotrin's re­struc­tur­ing in­to dis­tinct up­stream and down­stream op­er­a­tions.

Her­itage is re­spon­si­ble for in­creas­ing oil pro­duc­tion. Along with Paria Fu­el Trad­ing Co Ltd and Guaracara Re­fin­ing Co Ltd, it is al­so one of the guar­an­tors for Trinidad Pe­tro­le­um Hold­ing's (TPH's) debt which it as­sumed af­ter it in­her­it­ed the re­struc­tured Petrotrin debt.

http://www.guardian.co.tt/news/heritage ... 8ccc7ebf50

I remember her when Shell took over Atlantic LNG. Perhaps government setting things up so when Shell take over de refinery, they will have a familiar face?

She is a very competent person to reach where she is today, but I wonder if she will play the games, that the government may want her to?

[De Dragon]

Well if you want to bleat about experience-go ahead.
If you want to pretend that state enterprise boards are not staffed by POLITICAL appointees -whose sole directive is to follow PARTY policy then go ahead.

If you cant understand that Im agreeing that the new appointees are in fact POLITICAL LIKE EVERY OTHER CHAIR OF EVERY OTHER STATE ENTERPRISE EVAAAAARRRRR.....then it eh only typical PNM people that have jack arse tendencies.

Here is where you need to stop, because your whataboutism, and incapability to blame the PNM without UNC/NAR/COP in the same breath your renders your comments hollow. While PP did a pile of nonsense, PT was shut by a PNM Gov't and they are now shamelessly bringing in their conflicted lawyer to run what he has no business to run.

[De Dragon]

when you find out that the fella leasing the Crushing assets (that just there rotting)is the fella importing sugar and is the fella that is Tanty Kams bed and breakfast.
AND HE IS THE SAME FELLA THAT MANNING WAS TIGHT TIGHT TIGHT WITH.

Kams could have saved the entire Cane Farming population.But she sell out to the importers
Ask Dooks.

At some point you will see the abject stupidity of the whole PNM/UNC thing that you embedded in.

Clearly you've not seen what has become of the factories at Brechin Castle and Ste. Madeleine Those factories, already decades old, were allowed to fall into utter ruin. Nothing short of a massive injection of cash to basically rebuild them would even begin to restart the industry.
I love how all of a sudden you're the one advocating for equivalency for the PNM/UNC, when you still can't bring yourself to level anything more than mild rebukes of PNM kantery. then again your role model is Almighty JUHN, who likes to talk to people and could only bring himself to fire Two Plate after she was arrested.

[Redman]

Heritage gets interim CEO


State-owned Her­itage Pe­tro­le­um has an­nounced the ap­point­ment of for­mer bpTT ex­ec­u­tive Ar­lene Chow as its in­ter­im Chief Ex­ec­u­tive Of­fi­cer.

Chow as­sumed du­ties from to­day pend­ing the re­cruit­ment of a per­ma­nent CEO to re­place for­mer CEO, Mike Wylie. She was the Chief Op­er­at­ing Of­fi­cer of At­lantic LNG up to her re­tire­ment in De­cem­ber last year.

The Of­fice of the Prime Min­is­ter in a re­cent state­ment said it would ter­mi­nate the con­tract of Wylie who is cur­rent­ly in the Unit­ed States seek­ing treat­ment for can­cer.

Wylie, an Amer­i­can oil and gas pro­fes­sion­al, was ap­point­ed last No­vem­ber fol­low­ing for­mer state oil com­pa­ny Petrotrin's re­struc­tur­ing in­to dis­tinct up­stream and down­stream op­er­a­tions.

Her­itage is re­spon­si­ble for in­creas­ing oil pro­duc­tion. Along with Paria Fu­el Trad­ing Co Ltd and Guaracara Re­fin­ing Co Ltd, it is al­so one of the guar­an­tors for Trinidad Pe­tro­le­um Hold­ing's (TPH's) debt which it as­sumed af­ter it in­her­it­ed the re­struc­tured Petrotrin debt.

http://www.guardian.co.tt/news/heritage ... 8ccc7ebf50

I remember her when Shell took over Atlantic LNG. Perhaps government setting things up so when Shell take over de refinery, they will have a familiar face?

She is a very competent person to reach where she is today, but I wonder if she will play the games, that the government may want her to?

Interim-she doesnt have to last too long-Im sure she will be happy to leave by the time they done with her.