More oil, gas revenue for Govt. in 2010
Last year it was gloom and doom as oil and gas prices drop precipitously. Things are just the opposite in 2010.
There is certainly more cause for optimism regarding Government’s revenue take from oil and gas in 2010.
Last year, it was doom and gloom as gas prices had plummeted to below US $3 and oil to [...]
Petrotrin loses $400million!
<
Drop in oil and gas prices dents Petrotrin’s balance sheet. Last month it successfully floated a TT$5 billion bond on the international market.
What a difference a year makes!
Last year, as reported in the Tntinsider recently, State-owned petroleum company, Petrotrin, made a whopping $2.5 billion profit.
Well, the company may be well on the [...]
10% drop in gas reserves
Ryder Scott’s latest report reveals that gas reserves have declined by 10 per cent. Unless new gas is found, it will run out by 2020.
With the budget only days away, the news about the country’s gas reserves are not encouraging.
The much awaited Ryder Scott report has revealed that there is 10 per cent less [...]