Caribbean Airlines apologises to Guyana
Caribbean Airlines is apologising to Guyana and vows to improve service following a threat by the country's Cabinet to pull its national carrier status.
The Trinidad-based carrier has been the main airline flying between Guyana and New York since May, when Delta Air Lines withdrew, citing high fuel costs.
But there have been complaints in Guyana that Caribbean Airlines' prices are high and its service lacking. Commerce Minister Irfaan Ali has accused the carrier of forcing customers to pay "enormous prices" while "taking us for granted and reaping in great profits".
Caribbean Airlines Chairman Phillip Marshall said Monday that the carrier will do its best to "improve the partnership". He says the airline will review its prices.
Meanwhile, Guyana is trying to persuade other carriers to enter the market.
ConocoPhillips sells T&T gas asset
ConocoPhillips has sold its gas asset in Trinidad to the National Gas Company of Trinidad and Tobago Limited for US$600 million.
The American company says it expects to book a net gain of US$290 million from the sale.
NGC has acquired 100 per cent of Trinidad and Tobago Holdings LLC, which was used by Conoco to hold its 39 per cent stake in Phoenix Park Gas Processors Limited.
Phoenix Park operates a natural gas processing facility at Point Lisas.
"The sale of this noncore, midstream asset represents further progress in strengthening and focusing the ConocoPhillips portfolio, and advances the strategic interests of both NGC and ConocoPhillips," said Don Wallette, executive vice president, Commercial, Business Development and Corporate Planning. "We appreciate the long and productive relationship we have had with NGC," said Wallette in a company statement.
Nicaragua to start exploring for oil in Caribbean
Nicaragua says it will start exploring for oil in a swath of seabed in the Caribbean Sea that an international court granted it last year after a dispute with Colombia.
Energy and Mines Minister Emilio Rappaccioli said on Thursday the exploratory work in an area that is home to one of the largest barrier reefs in the Americas will start this weekend. It will be done by the US-based company Noble Energy.
The International Court of Justice last year granted Nicaragua a large horseshoe-shaped area of the sea and seabed surrounding a group of tiny islands that the court granted to Colombia.
The archipelago is home to the 100-square-mile (255-square-kilometre) old Providence reef.
Environmentalists say exploratory drilling in the area will damage the environment.