Home' Trinidad and Tobago Guardian : June 30th 2016 Contents BG10 NEWS
BUSINESS GUARDIAN www.guardian.co.tt JUNE 30 • 2016
ASSET MANAGER -- BOCK 1(a) & 1(b)
Asset Manager for a shallow water natural gas development project in Trinidad.
• Manage the commissioning, start-up and operations of the offshore production
platform, wells, pipeline and onshore gas processing unit.
• Oversee and ensure effective reservoir management including dynamic model
updates, reserve updates, production forecasts and processing supervision.
• Coordinate and manage information and relationships with regulatory agencies
QUALIFICATIONS AND EXPERIENCE
• 15+ years' Industry and management experience, with at least 5 years'
experience in a similar type role.
• Well-developed technical understanding of all phases of a gas producing
asset, with in-depth knowledge of the various industry procedures and practices
for subsurface, wells and completions, production, facilities, pipeline, processing
• Commercial experience managing Production Sharing Agreements and
• Excellent leadership, communication, interpersonal and collaboration skills with
in small and large groups.
• Trinidad and Tobago citizenship will be an asset.
• Bilingual in Spanish will be an asset
Application should be emailed to firstname.lastname@example.org by 12:00 noon
on Friday 15st July, 2016. Unsuitable applications will not be acknowledged.
Fireworks exploded as a
huge container ship
made the inaugural pas-
sage through the newly
expanded Panama Canal
on Sunday, formally
launching the Central American nation s
multibillion-dollar bet on a bright eco-
nomic future despite tough times for
The Chinese-owned Cosco Shipping
Panama went through the Atlantic locks
at Agua Clara in the early morning,
sailed the 50-mile (80-kilometre) pas-
sage to the Cocoli locks near the capital
and passed into the Pacific in the
evening, stewarded by tugboats and
cheered by dignitaries and exuberant
crowds of thousands.
The US$5.25 billion project went
online nearly two years late after con-
struction delays, labour strife and appar-
ent cost overruns, but officials were still
bullish and in a celebratory mood as
they declared the expanded canal open
"This is an achievement that all of
us Panamanians should be proud of,"
President Juan Carlos Varela said at the
inaugural ceremony on the outskirts of
Panama City. "Today marks a historic
moment for Panama, for our hemisphere
and the world."
"This new transit route is the tip of
the iceberg in making Panama once
again the logistics center of the Amer-
icas," canal administrator Jorge Luis
Quijano said. "And it represents a sig-
nificant opportunity for the countries
of the region to improve their infra-
structure, increase their exports."
Crowds that began gathering before
dawn lined both sides of the canal wav-
ing flags, partying to salsa music and
watching videos on giant screens.
Authorities said about 30,000 people
and eight foreign heads of state were
"It s a one-time experience, a great
achievement," said Felicia Penuela, a
homemaker from Colon province.
"Panama is showing the world that even
though it is a small country it can do
The Cosco Shipping Panama is a 158-
foot-wide (48.2 metres), 984-foot-long
(300 metres) behemoth that is one of
the modern New Panamax class of
mega-vessels that are seen as the future
of global shipping and will now be able
to use the canal. It carried some 9,000
cargo containers during the inaugural
voyage and now heads to South Korea.
The waterway s capacity doubles with
the new locks, and canal authorities are
hoping to better compete with the Suez
Canal in Egypt and tap new markets
such as natural gas shipments between
the United States and Asia.
"The Panama Canal, with this expan-
sion, is an important player not only
for regional maritime commerce but
worldwide," said Oscar Bazan, the Pana-
ma Canal Authority s executive vice
president for planning and commercial
development. "The canal is a winning
Authorities said Sunday said that 85
per cent of the 166 reserved crossings
scheduled for the next three months
are for container ships. Container cargo
accounts for nearly 50 per cent of the
canal s overall income.
Panamanians at the ceremony
expressed hope that the expansion will
help the economy in a country where
about 25 per cent of the people live in
poverty, something that Varela echoed
in his remarks.
"I think the inauguration of the locks
is excellent for the current generations
and those to come," said Moises Gon-
zalez, a 40-year-old mechanic who
worked on the construction of the locks
for six years. "Opportunities for us. We
have to find a way for it to reach the
However, the party comes amid a lull
in global shipping due to the drop in
oil prices, an economic slowdown in
China, which is the canal s second-
largest customer, and other factors that
have hit the waterway s traffic and
While authorities anticipate increasing
commerce between Asia and ports on
the US East Coast, doubts remain that
not all those ports are ready to handle
the huge New Panamex-class cargo
ships. Net cargo volume through the
canal from the US.
East Coast toward Asia fell 10.2 per-
cent in 2015, according to official sta-
tistics. Meanwhile, the Suez recently
lowered tariffs by up to 65 per cent on
large container carriers in an attempt
to keep its traffic.
"It s important to remember that the
canal does not create demand. The canal
opens the route. Supply and demand
on a world level is what will decide
whether the Panama Canal will really
bring more volume or not," said Antonio
Dominguez, a general manager for global
shipping leader Maersk Line, which
moves about 14.2 percent of world com-
merce. "What is certain is that the cur-
rent canal has maxed out."
Manuel Benitez, deputy canal admin-
istrator, said officials are thinking long-
term about the benefits the new locks
can bring through economies of scale
and saving time and costs for large ships.
"These are cyclical questions. The
market will rebound again and when
we are in an up cycle again, shipping
will generate money and the Panama
Canal will generate money," Benitez said.
Since the 50-mile (80-kilometre)
canal was handed over from US control
at the end of 1999, it has generated
about US$10 billion in direct income
for the Central American nation and is
responsible for about 40 per cent of its
GDP, factoring in related economic
activity. Some 35 to 40 vessels transit
the waterway each day, and the canal
is estimated to handle about six per
cent of world maritime commerce.
Panama began the expansion nearly
a decade ago. Originally planned to open
in late 2014 around the waterway s cen-
tennial, the new locks can accommodate
ships that carry up to three times the
cargo of those previously able to use
the canal. AP
Panama Canal opens US$5B locks
bullish despite shipping woes
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