BHP Billiton Starts Drilling in Caribbean

By: - May 12th, 2011

BHP Billiton has begun drilling gas at its Agostura Project off the coast of Trinidad and Tobago. According to CEO Michael Yeager, the platform has a design capacity of 280 million cubic feet of gas per day. BHP has a 45 percent interest in the Greater Angostura Field, along with joint venture partners Total (which has a 30 percent interest) and Chinese firm Chaoyang. [Trading Room]

Markets

UWI Pro Vice-Chancellor Replaces Mary King in Trinidad Cabinet

Dr Bhoendradatt Tewarie, the pro vice-chancellor at the University of the West Indies, has replaced Sen. Mary King in the Trinidad Cabinet after King was removed from office in a conflict-of-interest government award scandal. [Trinidad Express]

Markets

Trinidad Minister Removed from Office

Following increasing pressure over an allegedly improperly awarded government contract, the appointment of Trinidad Sen. Mary King, the Minister of Planning, Restructuring and Gender Affairs will be revoked today. Prime Minister Kamla Persad-Bissessar met with the nation’s president today to speak about the evidence against King, in which “new evidence came to light.” According to […]

Markets

Inter-American Development Bank Begins Barbados Visit

By the Caribbean Journal staff Eleven counsellors of the Inter-American Development Bank are in Barbados looking at local projects funded by the bank. Representatives of the bank, which last week warned that the region was in danger of significant effects from rising food prices, are meeting with Barbados’ Housing and Neighborhood Upgrading Programme and the […]

Trinidad Minister in Row over Award of Government Contract

 Sen. Mary King Following allegations published over the weekend that Trinidad and Tobago Sen. Mary King participated in the award of a $100,000 contract to a company in which her family had an interest, pressure has mounted on King from both her own party and the opposition. The country’s Sport Minister, Anil Roberts, called for […]

Geothermal Project Planned in Nevis

 A geothermal well in Nevis Caribbean geothermal developer West Indies Power Holdings has announced plans for an 8.5-megawatt project in Nevis. The project will be funded with a $55 million loan from the Export-Import Bank of the United States. Nevis’ Administration has been given permission to guarantee the loan, a necessary prerequisite. [Bloomberg]

U.N.: Caribbean Foreign Direct Investment Fell 18 Percent in 2010

Sen. Mary King Following allegations published over the weekend that Trinidad and Tobago Sen. Mary King participated in the award of a $100,000 contract to a company in which her family had an interest, pressure has mounted on King from both her own party and the opposition. The country’s Sport Minister, Anil Roberts, called for […]

Trinidad's Energy Minister Meets with Ghanaian Officials on Natural Gas

 Ghana’s Energy Minister Dr. Joe Oteng-Adjei and Trinidad’s Minister of Energy Carolyn Seepersad-Bachan By the Caribbean Journal staff Following an agreement that would see Trinidad supply energy for power plants in Ghana, Trinidad and Tobago’s Minister of Energy and Energy Affairs, Carolyn Seepersad-Bachan, visited Ghana at the end of last month. The minister led a […]