Home' Trinidad and Tobago Guardian : April 12th 2018 Contents BG8 energy
Thursday, April 12, 2018
The Public Transport Service Corporation (PTSC), in its drive towards improving and expanding
its services, is pleased to invite applications for the following CONTRACT position
The Manager- Service, Planning, Scheduling and Research is responsible for the planning, scheduling delivery and provide analyses
of scheduled services. The incumbent will facilitate strategic development in line with demographics and geographical developments
and trends. He/She will develop, implement and evaluate the Corporation’s fleet, equipment and supply needs, for purposes of the
Corporation’s Service Plan, and develop and coordinate the overall Quality Assurance Plan based on expectations pertaining to
operational standards, while monitoring to ensure delivery against same, based on expectations pertaining to operational standards.
DUTIES AND RESPONSIBILITIES:
• Manages the service planning, scheduling and research objectives of the Corporation including the allocation of human and
physical resources to achieve these objectives.
• Facilitates the development and implementation of operational service delivery plans and policies, for the effective delivery of
services consistent with corporate objectives.
• Manages the evaluation and analysis of operational, physical, economic, social, legal, political, cultural and environmental factors
influencing the planning, development, allocation and delivery of resources and services.
• Develops and maintains productive and effective networks and relationships with external stakeholders, in relation to strategic
resources, service planning and development, and providers of technological solutions.
• Provides strategic policy advice to the Corporation’s senior management and other key stakeholders.
• Reviews quality assurance standards, studies existing policies and procedures, and interviews personnel and customers to
evaluate effectiveness of quality assurance program.
• Analysing business decisions (pricing policy, level of service provision, timetable changes) to assess their impact.
• Collaborating with departments responsible for fleet, facilities, on-route services, marketing and operations in developing and
evaluating strategies and presenting recommendations.
MINIMUM QUALIFICATION AND EXPERIENCE:
• Degree in Transportation Management, Project Management, Civil Engineering or a related field.
• A minimum of two (2) years leadership experience in a planning or management position, with preference of five (5) or more years.
REQUIRED SKILLS AND KNOWLEDGE:
• Ability to develop, promote and implement strategic policies and programmes.
• Highly developed conceptual, analytical and problem solving skills
• Strong written and oral communication skills.
• Strong Project Management skills.
• Intimate knowledge of the Microsoft Office Suite.
• Working Knowledge of any CAD (Computer Aided Design) programme such as Adobe Photoshop.
Any similar combination of qualifications and experience will be considered.
Interested persons please send a letter of application clearly stating the position of interest, a
detailed CV, two (2) references and copies of academic certificates to:
The Human Resource Department on or before: 20 April 2018
PUBLIC TRANSPORT SERVICE CORPORATION
MANAGER - SERVICE, PLANNING, SCHEDULING
AND RESEARCH (OPERATIONS) ONE (1) POSITION
Revenue from oil, gas better than expected
n his mid-year review of
the economy, Finance
Minister Colm Imbert will
report to Parliament that
over the first six months
of his 2017/2018 budget,
revenues from oil and gas have
been better than expected.
For the first half of the fiscal year
Brent crude prices have averaged
US $63.86 per barrel, significantly
higher than budgeted, while pro-
duction has remained steady. On
the natural gas side production is
significantly higher than last year.
Crude prices from the east coast
average US $1.50 more than Brent
prices, so the real price of east
coast crude would have been in
the vicinity of US$$65.24 a barrel
and 30 per cent of the country’s
total production attract this higher
In his budget presentation last
October, Imbert told Parliament
revenues from the energy sector
were based on an average crude
price of US$52 and natural gas
prices of US$2.75 per million Brit-
ish thermal unit (MMBTU).
“It should be noted that our as-
sumed oil price is below the Inter-
national Monetary Fund forecast
of US$56.20 per barrel for 2018,
and lower than the current oil
price forecasts made by the World
Bank, United States Energy Infor-
mation Administration (USEIA)
and International Energy Agency
“Based on these assumptions
we are projecting: Total revenue
$45.741 billion oil revenue $6.412
A January Cabinet note states
that crude prices gained support
from positive data from the In-
ternational Monetary Fund (IMF)
which signalled improved global
“In its World Economic Outlook
for January 2018, the IMF pro-
jected that world GDP will increase
by 3.9 per cent both in 2018 and in
2019; this is 0.2 percentage points
higher than the previous forecast.
This upward revision reflects in-
creased global growth momentum
and the anticipated impact of US
tax policy changes which are ex-
pected to stimulate economic ac-
tivity through 2020 by increasing
investments in the US.
“The Energy Information Ad-
ministration forecasts that oil-
weighted GDP growth to be 3.4
per cent in 2018 and 3.2 per cent
in 2019. Global consumption of
petroleum and other liquid fuels
are projected to increase by 1.7
million b/d in both 2018 and 2019
to 100.23 million b/d and 101.95
million b/d, respectively. These
projected increases are due to
increasing economic growth and
increases in world trade,” the Cab-
inet note stated.
Additionally, crude oil stocks
in the US declined by six million
barrels during January, which was
partly due to increased crude oil
exports and high levels of refinery
inputs resulting from a cold snap
in the US northeast in early Janu-
ary which increased demand for
home heating oil.
In January inventories in the
Organisation for Economic Coop-
eration and Development (OECD)
was also lower during the period.
Prices were also impacted by sug-
gestions by a few members of the
OPEC/Non-OPEC alliance to ex-
tend the production cuts beyond
2018. Compliance to this agree-
ment has been outstanding and
participants have achieved a re-
cord-breaking conformity level of
129 per cent.
However, almost 60 per cent
of the crude oil produced in T&T
is based on the lower West Texas
Intermediate prices and even
then the price has been higher
than budgeted averaging in the
mid-US$50 per barrel. This means
that the government has already
received at least $300 million in
additional tax revenues.
In fact, the US Energy Infor-
mation Agency is now projecting
that WTI will average US$58.28/
bbl in 2018 and US$57.51/bbl in
2019. Brent is expected to aver-
age US$62.39/bbl in 2018 and
US$61.51/bbl in 2019.
On the natural gas side, produc-
tion has significantly increased
with the full production from
bpTT’s Juniper field. It is expected
that production will average closer
to 3.75 tcf per day. This is about
400mmscf/d more than last year
and with the increase in taxes
based on production, the Minister
of Finance should be in a better
position in terms of revenues from
the energy sector.
The issue is, of course, how
much of a gap it can fill bearing
in mind the overall size of govern-
has already received
at least $300 million
in additional tax
Exxon, Qatar in talks for
potential US shale deal—report
Exxon Mobil Corp is in talks with
Qatar over a possible deal that could
see the country investing in the com-
pany’s US shale gas resources, the
Wall Street Journal reported on Tues-
day, citing people familiar with the
The deal could take the shape of a
joint venture in which Qatar, through
state-owned Qatar Petroleum, could
partner or invest in future wells with
Exxon’s XTO Energy subsidiary,
the newspaper said https://on.wsj.
The newspaper said no deal had
been finalised yet and talks could
collapse. The newspaper did not say
how much Qatar was planning to in-
vest in XTO Energy.
If the deal takes shape as described,
it would be the first time a Middle
Eastern country invested significantly
in a US shale-related project.
Exxon, which is targeting Qatar for
additional investments in liquefied
natural gas (LNG) projects https://
reut.rs/2qn9FUr, already partners
with Qatar Petroleum in Cyprus and
Exxon spokeswoman Rebecca Ar-
nold declined to comment on the
newspaper’s report. A representative
for Qatar Petroleum was not immedi-
ately available to comment.
Mohammed Saleh Al Sada, Qatar’s
minister of energy and economy, de-
clined to comment on the newspa-
per’s report when asked by Reuters at
an industry event in India.
Qatar’s Emir Sheikh Tamim bin
Hamad al-Thani was set to meet US
President Donald Trump in Washing-
ton on Wednesday.
The shale revolution in the United
States has not only seen a huge rise in
crude production, but also in gas out-
put. Exxon, already the second-largest
US natural gas producer, said earlier
this year it is aiming to triple pro-
duction in the Permian Basin of West
Texas and New Mexico to 600,000
barrels of oil equivalent per day by
For Qatar, which is locked in a dis-
pute with Saudi Arabia, the United
Arab Emirates, Bahrain and Egypt,
the move could help broaden its in-
vestments outside the Middle East.
Qatar is one of the smallest produc-
ers of the Organisation of the Petro-
leum Exporting Countries and also
one of the most influential players in
the global LNG market due to its an-
nual production of 77 million tonnes,
cementing its position as the world’s
largest LNG supplier. Reuters
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