TriniTuner.com | Latest Event:
Moderator: 3ne2nr Mods
wing wrote:And tuner distracted by who running brothel...wing wrote:TOP STORY
Atlantic LNG to lay off staff
LNG
Andrea Perez-Sobers
1 hr ago
ATLANTIC LNG (Atlantic) has confirmed that it is laying off staff and has already offered all employees voluntary separation of employment packages (VSEP) to go home over the next two months.
The VSEP comes as the company has moved from operating four LNG Trains to three, and even with three, its president, Ronald Adams, recently admitted that it is only getting enough natural gas to meet 70 per cent of the capacity of the reduced number of Trains. It also continues a trend in the local energy sector of retrenchment of staff.
In response to questions from Sunday Business, the company did not say how many workers would be asked to leave but noted a further review would be conducted with the possibility that if it did not get enough numbers accepting its offer, some may have to be cut.
Atlantic said, “As recent global events have demonstrated, the LNG industry is dynamic. To keep pace with peers internationally and ensure that Atlantic achieves its goal of sustaining world-class LNG operations to the benefit of Trinidad and Tobago, a comprehensive revision of the company’s corporate strategy was undertaken in 2022, which is now well into implementation. This necessitated a review of the organisational structure to ensure alignment to the refreshed strategy.”
The LNG company told Sunday Business while a review of resourcing for the revised organisational structure is ongoing, permanent staff have been offered the opportunity to voluntarily express interest in separating from the organisation.
“Following completion of the voluntary separation process by the end of April 2023, it will then be determined whether the revised structure necessitates any further impact on resources. It is anticipated that the impact, if any, will be minimal,” Atlantic concluded. Sunday Business was told that the VSEP packages that were being offered by Atlantic closed recently and many of the operations staff applied to leave.
Atlantic is one of the world’s largest producers of Liquefied Natural Gas (LNG) and it is owned by the National Gas Company of Trinidad and Tobago (NGC Trinidad and Tobago), Shell, BP, and the Chinese Investment Corporation (CIC).
An agreement
Just last December, Energy Minister Stuart Young announced that the Government had reached an agreement with Atlantic’s shareholders on substantive commercial terms for the revised structure of the Atlantic LNG venture. This followed the signing of a Heads of Agreement in January 2022.
According to Young, this was the culmination of discussions that the Government initiated, in 2018, with the major Atlantic shareholders, following which, the parties agreed that the Atlantic facilities and its complex shareholder structure and commercial agreements needed to be simplified.
At that time, Young said, the Government and Atlantic shareholders (inclusive of companies affiliated with BP Trinidad and Tobago, Shell Trinidad, and Tobago Limited, and The National Gas Company of Trinidad and Tobago Limited), have agreed on a restructured ownership and commercial framework to see the Atlantic business operations consolidated into a single entity.
In the revised structure, Young said NGC increased its equity share in Atlantic, consistent with the commitment by the Government to maximise value to the country from the sale of hydrocarbon resources and the new construction will also facilitate a market-reflective pricing mechanism that provides fair value from the sale of LNG for both the country and the shareholders.
View on trinidadexpress.com
comments
back to topCopyright 2023 Trinidad Express Newspapers, 35 Independence Square Port Of Spain, Trinidad & Tobago
Powered by BLOX Content Management System from BLOX Digital.
And that's where the PEPpers get waxed...Plebward is only a talker..nothing more.paid_influencer wrote:philip talking about fixing the customs department.. to stop assault rifles from coming in...
but lewwe ignore he and support rowley or kamla
paid_influencer wrote:philip talking about fixing the customs department.. to stop assault rifles from coming in...
but lewwe ignore he and support rowley or kamla
United States Ambassador to Trinidad and Tobago Candace Bond has explained that “senior Government officials” as referred to in the US Department of State Trafficking in Persons 2022 report are employees on the Government’s payroll who are accountable to the people of Trinidad and Tobago.
She said anyone who is in the Government’s employ and who has a position of authority is a Government official. “This is really about who is accountable to the people and that is what we mean by Government,” she added.
https://trinidadexpress.com/news/local/bond-clears-the-air/article_2135ef5c-b7de-11ed-805d-13e3e3d1f9d9.html
Any seat taken away from PNM is a win. 1 from 21 leaves 20eliteauto wrote:paid_influencer wrote:philip talking about fixing the customs department.. to stop assault rifles from coming in...
but lewwe ignore he and support rowley or kamla
Phillip talks a good game but does he realise that it requires 21 seats to form the Gov't, who are the others in PEP? Where are the constituency offices? Where are the shadow MPs and shadow ministers, where's the policy documents with detailed plans and people on the ground to disseminate same? Unlike the PNM and UNC who have the luxury of presenting their faces and promises mere weeks before the GE any other (serious) contender has to do the groundwork to create the groundswell. PEP seems like a cult of personality suitable for social media but not equipped for real life.
Take the PDP for example, WD stated he wants to be the Mayor of POS come next LGE, ppl laugh not realizing that Duke has been meeting with the East POS communities and actively canvassing, speaking their ghetto/grassroots language. Whether that redounds to his benefit is left to be seen but at least he's truly active politically whilst PEA comes across as an SJW
MaxPower wrote:IMG_1119.JPG
The hardest working MP.
What is your MP doing?
Well they are public servants after all...hover11 wrote:BILLON DOLLAR CEPEP FIASCO
MEMBERS of the Public Accounts Enterprises Committee of Parliament were left disturbed on Wednesday by the Community-Based Environmental Protection and Enhancement Programme’s (CEPEP) failure to complete audits of $1.5 billion spent between 2015 and 2021.
https://newsday.co.tt/2023/03/02/b-cepe ... since-2009
PNM sleeping the job as usual
It's not public servants spending the money though so.....wing wrote:Well they are public servants after all...hover11 wrote:BILLON DOLLAR CEPEP FIASCO
MEMBERS of the Public Accounts Enterprises Committee of Parliament were left disturbed on Wednesday by the Community-Based Environmental Protection and Enhancement Programme’s (CEPEP) failure to complete audits of $1.5 billion spent between 2015 and 2021.
https://newsday.co.tt/2023/03/02/b-cepe ... since-2009
PNM sleeping the job as usual
maj. tom wrote:blue yuh forgetting how PNM declared that the local government elections is not a part of citizens' rights in this country.
That vote for PNM, same banditswing wrote:Well they are public servants after all...hover11 wrote:BILLON DOLLAR CEPEP FIASCO
MEMBERS of the Public Accounts Enterprises Committee of Parliament were left disturbed on Wednesday by the Community-Based Environmental Protection and Enhancement Programme’s (CEPEP) failure to complete audits of $1.5 billion spent between 2015 and 2021.
https://newsday.co.tt/2023/03/02/b-cepe ... since-2009
PNM sleeping the job as usual
shake d livin wake d dead wrote:
My MP does NOTHING!!
pugboy wrote:how did jack pull off the chaguanas mayor stunt last time with the navas lady ?
Awaiting the surname analysiswing wrote:100 scholarships awarded for CAPE 2022
by
2 hours ago
Thu Mar 02 2023
Queen's Royal College
Shutterstock
The Ministry of Education has announced the award of scholarships based on the results of the Caribbean Advanced Proficiency Examinations (CAPE) 2022.
The scholarships in the ten cognate groups are awarded solely based on academic performance.
For academic year 2021/2022, the Government awarded 100 scholarships - 32 Open and 68 Additional.
Of the 100 scholarships, 72 per cent were awarded to female students while 28 per cent were awarded to male students.
The scholarships are awarded as follows:
wing wrote:Of the 100 scholarships, 72 per cent were awarded to female students while 28 per cent were awarded to male students.
paid_influencer wrote:also not a single govt school on that list. Disappointing because pre-covid a few of them were coming along really well.
Return to “Ole talk and more Ole talk”
Users browsing this forum: Bing [Bot] and 51 guests
