Falling oil prices put the Government in a difficult situation, economist Dr Ronald Ramkissoon said yesterday. Commenting on the decision by OPEC not to reduce output, he said: "An oil economy must
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N&M Wood Group wins contract with Atlantic
Neal & Massy Wood Group (NMWG) has been awarded a master services agreement (MSA) to deliver construction services for an undisclosed sum to Atlantic LNG Company of T&T, the largest liquefied natural gas (LNG) producer in the Western Hemisphere, a release from NMWG said yesterday. A joint venture between the Energy Division of Neal & Massy Holdings Limited and Wood Group PSN, NMWG will be responsible for project construction activities for Atlantic's four-train liquefaction facility in Point Fortin.
“We are excited about this new relationship with Atlantic LNG. This multi-million dollar, two-year contract significantly expands our business in Trinidad,” NMWG managing director Vaughn Martin said in the release. “We will be engaging Trinidad's multifaceted construction supply chain, underpinned by our unique processes and project management expertise, to deliver best-in-class construction services.”