What's new with Team TTO

July 09, 2020

Lewis: Reinstate Munich Games 400m medallists Matthews, Collett

Caribbean National Olympic Committees (CANOC) president Brian Lewis is calling for the rescinding of a…
July 07, 2020

A sports-base approach is needed to help the youth

Last week, Trinidad and Tobago faced its own Black Lives Matter (BLM) day of reckoning.…
July 07, 2020

CANOC President calls for IOC to rescind life bans issued to athletes 48 years after…

Caribbean National Olympic Committees (CANOC) President Brian Lewis has called for the International Olympic Committee…
July 04, 2020

Matthews and Collett Banned From Olympics

MUNICH, West Germany, Sept. 8 — The International Olympic Committee barred today two United States…
July 04, 2020

Vincent Matthews and Wayne Collett: A Most Casual Protest With Most Striking Consequences

They stood there casually, one barefoot, hands on hips, the other in thoughtful repose, right…
July 04, 2020

Athletes Will Be Banned From Protesting at the 2020 Tokyo Olympics. But the Games Have…

The International Olympic Committee (IOC) announced new guidelines on Thursday that ban athletes from making…
July 04, 2020


The IOC stands for non-discrimination as one of the founding pillars of the Olympic Movement,…

Tokyo 2021 #1YearToGo

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Welcome to the Olympic Channel Live

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Team Elite Suits Up for Friday Afternoon Time Trial in San Diego https://t.co/0AUQ471VQK via @swimswamnews
About 5 hours ago
TeamTTO Transformational Leadership Webinar Pt. 3 with the lecturer Sport Management, UTT Mr. Stacey Cateau ▶️… https://t.co/MKYVbDMBEA
About 13 hours ago
Lewis: Reinstate Munich Games 400m medallists Matthews, Collett https://t.co/XPaRfGugLX
About 14 hours ago
A sports-base approach is needed to help the youth https://t.co/jPhFCNcTH0
Wednesday, 08 July 2020 19:07

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Regional president of bpTT Norman Christie said the energy giant spent close to US$1.5 billion in T&T last year and is prepared to spent even more this year “If the above surface conditions are right.” He said this demonstrates the company’s confidence in the local energy sector even in an unfavourable economic climate.

Christie, who spoke yesterday at the T&T Energy Conference at the Hyatt Regency in Port-of-Spain, said the company had been affected by the downturn in energy prices and the local economy.

He said while downturns like the present one result in major dislocations for employees, contractors, communities, partners and the country, bpTT sees it “as an opportunity to demonstrate that our statement that we care is not a shallow one.”

“We will continue to invest in our corporate responsibility programmes targeted at education, arts and culture, enterprise development and support for the under privileged. While third party cost reductions are necessary, we have sought to engage our contractors in the spirit of partnership and work together to identify opportunities for greater efficiency,” he said.

He said once the environment remains competitive and T&T’s welcome mat stayed open, bpTT would continue works on the Juniper field development, new field development and its aggressive drilling and exploration programme in 2016.

Christie said the energy giant remained confident about the hydrocarbon potential of the Columbus Basin, and said “below the surface things look cautiously optimistic” but above the surface “we have some work to do to ensure that as a country we continue to incentivise the development of our natural resources and at the right pace."

He added: “We are focused on the future and view (the future) with optimism. All commodities have a price cycle and therefore we need to be focused on managing wisely through the down cycle but being prepared to take advantage of opportunities in the upcycle.”

Christie said he stood by his statement in early 2015 that industry stakeholders should not let a downturn go to waste.

“Think about the institutions that have made it through the bubbles bursting in recent times like the internet, banking, real estate and the auto industries, all come to mind. This can also be the narrative for T&T’s energy industry if we make the right decisions,” he said.

He said bpTT has survived by sticking to its values which include, safety, respect, courage, excellence and one team and the company has been improving its competitiveness.

“We have been managing our costs through waste elimination, becoming more efficient, simplifying our processes, fine tuning our organisational structure and treating job losses as a last resort,” he said.

“These efforts will allow us to balance our cheque book in the low price environment in the quickest possible time, which is necessary for the sustainability of our operations in T&T.”