Trinidad News, Tobago News

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Tuesday, March 03 2015 @ 10:58 AM AST

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Repsol increases production

"We increased production year on year in Sapinhoa in Brazil, in our Kinteroni project in Peru, in Venezuela, the United States, Bolivia, Trinidad and Tobago and Russia and this increase results in a positive impact on the operating income of EUR124 million," said Josu Jon Imaz, Repsol chief executive officer during the company's Q4 2014 results call February 26.

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M&A follows oil price fall

Mergers and acquisitions ensued in the oil price slump of the 1980s, Morgan Stanley said in a February 27, 2015 note.
Morgan Stanley also looked at Repsol's results. Below are excerpts from the note.

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Venezuela's new exchange rate mechanism unlikely to curb price distortions: Moody's

Venezuela's new exchange rate mechanism is unlikely to materially curb relative price distortions in the economy, Moody's Investors Service said in a note Friday (February 27, 2015).

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Trinidad and Tobago' NHSL rated CariBBB+

Credit Rating Services Limited (CariCRIS) has evaluated National Helicopter Services Ltd (NHSL) an assigned "initial corporate credit ratings of CariBBB+ (Foreign and Local Currency Rating) on its regional rating scale, and ttBBB+ on the Trinidad and Tobago (T&T) national scale," CariCRIS said in a statement yesterday.

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S&P forecasts Costa Rica deficit at 5.4% of GDP

"We forecast that the general government's fiscal deficit and net debt would reach about 5.4% and 39% of GDP in 2015, respectively, with interest payments exceeding 10% of general government revenues over the next two years," S&P says in rating affirmation today.