OIL GI­ANTS SLASH JOBS

The Star (St. Lucia) - - REGIONAL - By Aleem Khan –Trinidad

TRINIDAD and Tobago’s econ­omy con­tin­ues to bleed oil and gas jobs amid low prices, with two of the coun­try’s largest en­ergy pro­duc­ers con­firm­ing they will be send­ing home work­ers.

Pro­duc­ers BPTT and BHP Bil­li­ton—which said it was fac­ing ex­tremely chal­leng­ing con­di­tions—an­nounced they were cut­ting jobs. BPTT and BHP Bil­li­ton are re­duc­ing em­ploy­ees as en­ergy prices con­tinue to tum­ble.

Global oil prices were tee­ter­ing on the brink of sub-US$30 per bar­rel in New York Wed­nes­day while nat­u­ral gas hov­ered around US$2.29 per mil­lion Bri­tish ther­mal units (mmbtu) on the New York Mer­can­tile Ex­change.

BPTT, which op­er­ates in 904,000 acres off Trinidad’s east coast, with 13 off­shore plat­forms and two on­shore pro­cess­ing fa­cil­i­ties, did not im­me­di­ately con­firm how many jobs would be lost as it re­viewed its “or­gan­i­sa­tional struc­ture”.

BPTT one of the lead­ing oil and gas pro­duc­tion com­pa­nies in Trinidad and Tobago, and ac­tive ex­plo­ration com­pany BHP Bil­li­ton, to cut back on jobs.

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