South America / GoM

Trinidad flag
Summary | Profile

Country profile: Trinidad

Location: Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela ,0
Climate: tropical; rainy season (June to December)
Terrain: mostly plains with some hills and low mountains
Size: 5128 sq. km total (Land area: 5128 sq. km  Water area: sq.km)
Population: 1,047,366 (July 2008 est.)
Languages: English (official), Caribbean Hindustani (a dialect of Hindi), French, Spanish, Chinese
Government: parliamentary democracy
Capital city: Port-of-Spain
Legal system: based on English common law; judicial review of legislative acts in the Supreme Court; has not accepted compulsory ICJ jurisdiction
Currency: Trinidad and Tobago dollar (TTD)
Licensing:

Country profile

 

The islands of the Caribbean basin are predominantly net energy importers, with the exception of Trinidad and Tobago. Agriculture and natural resource extraction activities continue to constitute the basis of the islands' economies, though the tourism and service sectors are growing. In recent years, the Caribbean countries have been worried that higher global oil prices will impair their efforts to expand economically.
 
In response, the island nations have been discussing ways to better integrate their energy sectors, especially in regards to increased natural gas exports from Trinidad and Tobago to other islands. These efforts have also focused on the major external energy suppliers to the region, such as Mexico and Venezuela.

Energy production and consumption


Oil Gas
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Major fields:



Trinidad - recent news

01 Sep 20
Trinidad: Subsea 7 awarded contract offshore Trinidad and Tobago
Subsea 7 has announced the award of a sizeable contract for work offshore Trinidad and Tobago. The contract will be recorded in backlog in the third quarter.
22 Jul 20
Trinidad: Predator Oil and Gas announces offer to acquire FRAM Exploration (Trinidad)
Predator Oil & Gas Holdings has announced its intent to exercise its option to acquire the entire outstanding issued share capital of FRAM Exploration (Trinidad).
20 Jul 20
Trinidad: Touchstone announces significant Cascadura independent reserves valuation
Touchstone Exploration has announced highlights of its independent reserves evaluation of the Cascadura Assessment Area, located in the Company's Ortoire exploration block, onshore in the Republic of Trinidad and Tobago.
16 Jul 20
Trinidad: Trinity Exploration announces Q2 2020 operational update
Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on its operations for the three-month period ended 30 June 2020.
30 Jun 20
Trinity Exploration announces sale of USD 2.8 million in VAT Bonds
Trinity Exploration, the independent E&P company focused on Trinidad & Tobago, has announced the successful sale of the VAT Bonds received from the T&T Government on 29 May 2020 for US$ 2.8 million in cash, further strengthening Trinity's liquidity position.

Trinidad - more news

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