
Trinidad Aims to Boost Gas Output With BP, Woodside Projects
Energy Minister Roodal Moonilal sees strong potential in the country's offshore waters at a time when auditors said more gas output must be added to satisfy demand.
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Indian PM Modi receives top civilian honor in Trinidad and Tobago
Trinidad and Tobago conferred India's Prime Minister Narendra Modi with the Carribean nation's highest civilian honor on Friday, in a first for a foreign leader. President Christine Carla Kangaloo gave Modi the Order of the Republic of Trinidad and Tobago at a ceremony at President's House in St Ann's, near the capital Port of Spain. Modi was on a two-day tour of the dual-island country as he seeks to shore up New Delhi's ties with the Caribbean and Latin America. The visit marked the Indian leader's first official trip to Trinidad and Tobago — where more than a third of the population is of Indian descent — since he came to power over a decade ago. "This honor is a symbol of the deep and eternal friendship between our two countries," Modi said. Relations between India and Trinidad and Tobago find their roots in 1845, when indentured Indian laborers first arrived to work on sugar and cocoa plantations under British colonial rule as slavery ended. Over 140,000 laborers settled in the Caribbean nation between 1845 and 1917. "India and Trinidad & Tobago rose from the shadows of colonial rule to write our destiny of progress. Our nations stand tall as proud democracies and pillars of strength in the modern world," Modi said on X. India and Trinidad & Tobago rose from the shadows of colonial rule to write our destiny of progress. Our nations stand tall as proud democracies and pillars of strength in the modern world. — Narendra Modi (@narendramodi) July 4, 2025 The Indian prime minister's visit to Trinidad and Tobago focused on boosting investment in energy, health, security and other sectors Trinidadian Prime Minister Kamla Persad-Bissessar announced a number of investments in medical, energy and technological infrastructure promised by her Indian counterpart. "This visit is more than just diplomacy. It marks a new dawn," she said. "India, and Trinidad and Tobago, will now work as strategic partners," Persad-Bissessar added. Modi also declared that the sixth generation of citizens of Indian origin in the dual-island nation would be eligible to receive Overseas Citizen of India (OCI) cards, allowing them to freely live and work in India. The Indian prime minister is currently on a five-nation diplomatic tour, covering Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia. He landed in Argentina late on Friday and is scheduled to hold talks with President Javier Milei. Edited by: Srinivas Mazumdaru
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JdV by Hyatt hotel brand debuts in the Caribbean
Hyatt Hotels has marked the debut of its JdV brand in the Caribbean with the opening of Royal Beach Hotel Punta Cana, in partnership with Grupo Martinon. A part of Hyatt's lifestyle portfolio, this new hotel offers 66 guest rooms with multifunctional amenities. This property is located 25 minutes from Punta Cana International Airport. Royal Beach Hotel Punta Cana general manager Juan Alejandro Sánchez said: 'It's a pleasure to be part of this milestone project and debut the JdV by Hyatt brand in the Caribbean. 'Following an extensive renovation, we look forward to welcoming business and leisure travellers to connect and live in the moment with endless opportunities to explore the local vibe – white sand and clear beaches included.' The hotel is equipped with two fully furnished boardrooms, capable of housing groups of 12-16 people for corporate events. Additional amenities at the property include a 24-hour fitness centre and a pool with loungers. The Royal Beach Hotel joins a global network of more than 55 JdV by Hyatt properties and expands Hyatt's presence in Punta Cana, where it already operates 20 Hyatt Inclusive Collection resorts. Hyatt's extensive portfolio spans over 1,450 hotels and all-inclusive properties in 79 countries in six continents. In October 2024, Hyatt Hotels expanded its Caribbean presence with the launch of Hyatt Centric Santo Domingo in the Dominican Republic, introducing the Hyatt Centric brand to the region. "JdV by Hyatt hotel brand debuts in the Caribbean" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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How Oklo Plans to Power the AI & Cloud Boom With Nuclear Energy
Among the customers that Oklo Inc. OKLO is actively engaging with are companies that operate large data centers. Since data centers are facilities that power everything from cloud storage to artificial intelligence, they require massive amounts of energy to run the servers around the clock. The company's Aurora powerhouse, currently in development, aims to provide clean and reliable energy if successfully commercialized. OKLO's power-as-a-service business model, where instead of simply selling reactors, it will deliver electricity directly to data centers under long-term contracts, is central to its strategy, but not yet implemented. As a result, if successfully deployed, technology companies, OKLO's high-power customers, would be guaranteed electricity without the hassle of managing a power plant once the plants are operational. Additionally, OKLO is willing to accept investments from customers in its projects. This could involve upfront payments, similar to a deal made by Equinix, or partnering in the energy systems. This is how OKLO intends to fund the construction of its power plant, and in return, expects to provide stable power to customers for a set period. To find out the best locations for future reactors, OKLO is also working with its customers, which will further strengthen the deals. Thus, the company is working to position itself to meet the mounting demand for clean energy sources from the data centers, though significant execution risks remain. The strength of this demand is demonstrated by Oklo's robust customer pipeline, which now includes more than 14 gigawatts of potential power capacity, though this reflects interest rather than binding contracts. It is worth highlighting Talen Energy Corporation's TLN major partnership with Amazon Web Services (AWS). TLN is generating revenues while supplying electricity directly to AWS data centers located at its Susquehanna nuclear plant site. To capitalize on the mounting demand for power from AI and cloud computing, Constellation Energy Corporation CEG is expanding its nuclear offerings. Thus, the nuclear fleet of CEG is well-positioned as a stable, long-term solution for hyperscale data centers. Shares of OKLO have surged 551.2% over the past year, outpacing the 54.1% gain of the composite stocks belonging to the industry. Image Source: Zacks Investment Research From a valuation standpoint, OKLO trades at a price-to-book value (P/BV) of 27.76X. This is above the broader industry average of 5.57X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for OKLO's 2025 bottom line has remained unchanged over the past seven days. Image Source: Zacks Investment Research OKLO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Talen Energy Corporation (TLN) : Free Stock Analysis Report Oklo Inc. (OKLO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data