The south­ern Caribbean has gen­er­at­ed sig­nif­i­cant in­ter­est from the in­ter­na­tion­al en­er­gy in­dus­try over the past decade, dri­ven in par­tic­u­lar by the un­prece­dent­ed ex­plo­ration suc­cess and ramp up of pro­duc­tion in Guyana. In 2024, Guyana over­took T&T in terms of hy­dro­car­bon pro­duc­tion on a bar­rels of oil equiv­a­lence ba­sis. The ma­jor­i­ty of T&T’s pro­duc­tion is nat­ur­al gas, while Guyana’s pro­duc­tion has been all crude oil. Mean­while, Suri­name has main­tained a small vol­ume of oil pro­duc­tion from on­shore, while it has had suc­cess mir­ror­ing Guyana’s in terms of ex­plo­ration suc­cess off­shore (though no pro­duc­tion off­shore yet).

The Min­istry of Trade and In­dus­try con­tin­ues to ex­pand and en­hance the TTBi­zLink plat­form as five new ser­vices from two key agen­cies,the Min­istry of Trade and In­dus­try’s Trade Li­cence Unit and Tourism Trinidad Ltd, have been in­te­grat­ed in­to the ser­vice.

Sev­er­al cham­bers have ex­pressed dis­ap­point­ment with the two OFAC spe­cial li­cences for the Drag­on and Cocuina fields which have been re­voked by the Unit­ed States Gov­ern­ment.  The En­er­gy Cham­ber of Trinidad and To­ba­go, in a news re­lease yes­ter­day, said it was not un­ex­pect­ed giv­en the pre­vi­ous can­cel­la­tion of oth­er gen­er­al and spe­cial li­cences for com­pa­nies work­ing in Venezuela.

Trib­utes con­tin­ue to pour in for for­mer Na­tion­al Gas Com­pa­ny (NGC) pres­i­dent Mark Lo­quan who has been hailed for his pos­i­tive and tremen­dous im­pact on this coun­try's en­er­gy sec­tor.

The Ch­agua­nas Cham­ber of In­dus­try and Com­merce (CCIC) yes­ter­day wel­comed the re­newed dis­cus­sions on the San­dals To­ba­go pro­jec.t

Air Cana­da is set to re­launch its Toron­to-Port of Spain route on May 2, two years af­ter abrupt­ly can­celling plans to re­sume fly­ing to T&T. How­ev­er, in a change from its ini­tial an­nounce­ment, the air­line will now op­er­ate three week­ly year-round flights in­stead of four. The Cana­di­an car­ri­er plans to op­er­ate non­stop overnight flights on Mon­days, Fri­days, and Sun­days out of Toron­to. The ser­vice will use Boe­ing 737 Max 8 air­craft from Air Cana­da’s main­line fleet, with 169 seats (16 busi­ness, 153 econ­o­my) - adding over 4,000 seats to the mar­ket.

Pro­fes­sor Emer­i­tus of In­ter­na­tion­al Re­la­tions, Uni­ver­si­ty of Mi­a­mi, An­tho­ny Bryan is en­cour­ag­ing T&T, Guyana and Suri­name to move quick­ly in de­vel­op­ing a re­gion­al bloc that would be in­de­pen­dent in en­er­gy mat­ters.

Ac­cord­ing to the Min­istry of Tourism, Cul­ture and the Arts Car­ni­val 2025 re­port re­leased on Wednes­day, April 2, vis­i­tors spent $668,060,354.40 dur­ing the event from Feb­ru­ary 14 to March 4, 2025

The Min­istry of Fi­nance plays a cen­tral role in shap­ing eco­nom­ic out­comes – dri­ving fis­cal sta­bil­i­ty, in­vestor con­fi­dence and the coun­try’s ca­pac­i­ty to man­age growth or cri­sis.

The Gov­ern­ment is mov­ing to re­duce the rate of du­ty on oth­er hy­draulic ce­ment from 10 per cent to ze­ro per cent.

Julien, who was pre­vi­ous­ly deputy CEO, re­places Karen Dar­basie, who served as group CEO of First Cit­i­zens for near­ly 10 years, as her ap­point­ment was with ef­fect from April 7, 2015.

Last Wednes­day, bmo­bile dis­con­tin­ued its Pay-As-You-Go (PAYG) da­ta sys­tem for pre­paid cus­tomers.