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Trinidad energy services firms critical of foreign exchange woes
['Staff Editor']
Stabroek News
The Business Guardian spoke to several service providers at the Energy Conference which was hosted by the T&T Energy Chamber at the Hyatt Regency.
Customers, however, typically pay in T&T dollars, creating a mismatch that leaves suppliers scrambling for foreign exchange to meet international obligations.
George Laing, the company’s executive director emphasised that local content remains essential for developing and sustaining home-grown expertise.
Technical Integrated Services (formerly Trinidad Inspection Services) delivers integrated solutions that safeguard customers’ assets onshore and offshore.
Despite the country’s long-standing expertise in oil and gas services, Rostant said multinational upstream operators still underestimate the range and quality of solutions available locally.