Morne Diablo

Oil workers at Range Resources Morne Diablo, Trinidad, operations. Photo courtesy Range Resources

RANGE Resources, an international company with oil and gas projects and oilfield service businesses in Trinidad and Tobago, says in its annual report for the 12 months ending June 30, that its focus continues to be on low-cost production activities, as well as completion of infrastructure modernisation.

In its Beach Marcelle licence and new exploration studies on the St Mary’s licence, Range reckons that it has net proved and probable reserves of 15 MMbbl and net contingent resources of 12.9 MMboe, largely unchanged from financial year 2018.


AGREEMENT has been reached between Minister of Finance Colm Imbert and the T&T Chamber of Industry and Commerce that will allow local businesses to get cash for the billions of dollars in Value-Added Tax refunds owed to them by the end of next month.

HIGH fuel costs and traffic congestion are causing more people to purchase motorcycles for travelling short distances.

AFTER deliberating on the First Citizens Initial Public Offering (IPO) for more than 19 months, Director of Public Prosecutions, Roger Gaspard, concluded that there was “insufficient evidence” from an investigation conducted internally by a team from the Trinidad and Tobago Securities and Exchange Commission (TTSEC) “for a realistic prospect of conviction for any offence under the Securities Act Chapter 83.02.”

SOME 50 exporters across 13 sectors have received about US$21 million to purchase raw materials and other inputs, in the facility established by the Government and executed by T&T’s EXIMBank to ease access to foreign exchange.

REGULATORY compliance is essential to the orderly functioning of the securities market. Registrants registered with the Commission should establish effective policies, operational procedures and controls in relation to their day-to-day business activities in order to ensure compliance with all relevant regulatory and legal requirements.