Wilfred Espinet

Heritage chairman: Wilfred Espinet

HERITAGE Petroleum yesterday announced that its board has appointed an executive leadership team to provide additional managerial support for CEO Mike Wylie, while he receives treatment in the US after undergoing surgery.

Wylie was hired by Petrotrin in August 2018 to head the exploration and production of the new Petrotrin Heritage company.

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Responding to a parliamentary question, Prime Minister Keith Rowley disclosed on November 9 that Wylie’s compensation package was US$425,000 per year plus housing, transportation and health benefits.

Wylie left Trinidad suddenly in June as he had to “take unplanned leave to attend to medical matters.” That was only disclosed in a letter by Heritage chairman Wilfred Espinet to Energy Minister Franklin Khan dated June 7. Portions of the letter were read out by Oppo­sition Leader Kamla Persad-Bisses­sar at a July 8 Monday Night for­um at Fyzabad Secondary School.


NIQUAN Energy Trinidad (NiQuan), the energy start-up that purchased the rights to Petrotrin’s abandoned Gas-to-Liquids (GTL) plant, went to market in May to raise US$100 million.

GOVERNMENT could be forced to make a termination payment of up to an estimated US$43 million to the China Gezhouba Group International Engineering Co Ltd (CGGC) for the cancellation of its contract with the Housing Development Corporation (HDC), according to Express Business calculations based on local high-rise apartment construction costs and profit projections.

BP, one of the world’s largest oil and gas companies, is concerned about the global rise in energy consumption. “BP’s position is we want to see a rapid transition to a low carbon energy system,” said Spencer Dale, chief economist of the BP Group. 

YOU MAY have seen him walking the streets of Port of Spain. He’s always dressed to the nines in his shirt and matching tie, sporting our national flag on his shirt sleeve. He holds an army-green case in each hand with neat rows of delicious, homemade cassava pone inside.

TECHNOLOGY that can revolutionise the way the real estate professionals do business. That’s how Michelle Beharry has described her recently developed cloud-based software for real estate brokers and agents.