Oil gi­ant BP has said it will “fun­da­men­tal­ly re­set” its strat­e­gy as prof­its dropped sharply last year.

Over $40 mil­lion in grants have been dis­trib­uted to agri­cul­tur­al sec­tor since Sen­a­tor Kaz­im Ho­sein took over as Min­is­ter of Agri­cul­ture, Land and Fish­eries just un­der three years ago.

In de­liv­er­ing the bud­get for fis­cal 2021 on Oc­to­ber 5, 2020, Min­is­ter of Fi­nance, Colm Im­bert, said that at the pre­vail­ing in­ter­na­tion­al oil prices, “sub­si­dies do not arise in the sale of pre­mi­um gaso­line or su­per gaso­line; but they con­tin­ue to pre­vail in the sale of diesel, kerosene and LPG.”

Her­itage Pe­tro­le­um CEO Erik Kesku­la  says as­set im­prove­ment is need­ed for the com­pa­ny to get the most out of its ma­ture fields. 

Massy Hold­ings Ltd yes­ter­day an­nounced a plan to take a US$150 mil­lion loan from the In­ter-Amer­i­can In­vest­ment Cor­po­ra­tion (IDB In­vest).

The Gov­ern­ment must pro­vide more clar­i­ty con­cern­ing the Petro­jam deal with Paria Fu­el Trad­ing Com­pa­ny, the whol­ly state-owned fu­el im­porter.

Amid chal­leng­ing and un­cer­tain glob­al head­winds, T&T will at­tempt to lever­age its cur­rent en­er­gy sec­tor as a means to achieve the re­quired en­er­gy tran­si­tion and di­ver­si­fi­ca­tion need­ed in the fu­ture.

I not­ed with sad­ness, the re­cent pass­ing of a pi­o­neer in the bank­ing in­dus­try Philip Rochford.

T&T’s ex­ports to the Unit­ed King­dom and Eu­ro­pean mar­kets are grow­ing with lo­cal com­pa­nies re-en­ter­ing the space and new in­vest­ments on the hori­zon.

In April last year, a fi­bre op­tic break caused by a bush fire in To­co brought To­ba­go busi­ness­es to their knees.

Cu­ba’s Am­bas­sador to T&T, Gus­ta­vo Vél­iz has as­sured that the coun­try’s re­la­tion­ship with T&T will con­tin­ue in the eco­nom­ic, health and ed­u­ca­tion fields de­spite moves by the new Don­ald Trump ad­min­is­tra­tion to tight­en the decades old sanc­tions against Cu­ba.

Chair­man of Re­pub­lic Fi­nan­cial Hold­ings Ltd (RFHL), Vin­cent Pereira an­nounced yes­ter­day that the group record­ed a prof­it at­trib­ut­able to eq­ui­ty hold­ers of $547 mil­lion for the three-month pe­ri­od end­ed De­cem­ber 31, 2024, an in­crease of $44 mil­lion or 8.8 per cent year-on-year.