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Petrotrin

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A trade name , trading name , or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name . Registering the fictitious name with a relevant government body is often required.

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39-497: Petroleum Company of Trinidad and Tobago Limited ( trading as Petrotrin ) was a state-owned oil company in Trinidad and Tobago . Its principal activities were the exploration, development and production of hydrocarbons in addition to the manufacturing and marketing of petroleum products. As a state enterprise, Petrotrin was under the direct control of the Minister of Finance acting as

78-407: A 1970 Carnival band named Pinetoppers whose presentation entitled "The Truth about Africa" included portrayals of "revolutionary heroes" including Fidel Castro , Kwame Ture and Tubal Uriah Butler . This was followed by a series of marches and protests. Williams countered with a broadcast entitled I am for Black Power . He introduced a 5% levy to fund unemployment reduction and later established

117-420: A DBA must be registered with a local or state government, or both, depending on the jurisdiction. For example, California, Texas and Virginia require a DBA to be registered with each county (or independent city in the case of Virginia) where the owner does business. Maryland and Colorado have DBAs registered with a state agency. Virginia also requires corporations and LLCs to file a copy of their registration with

156-467: A DBA statement, though names including the first and last name of the owner may be accepted. This also reduces the possibility of two local businesses operating under the same name, although some jurisdictions do not provide exclusivity for a name, or may allow more than one party to register the same name. Note, though, that this is not a substitute for filing a trademark application. A DBA filing carries no legal weight in establishing trademark rights. In

195-557: A capacity of 190 thousand barrels per day (30,000 m/d) and it was the only refinery in the world that operated alongside a wildlife park. Petrotrin became the embodiment of poor corporate governance, expressed in bad policy decisions, wastage, corruption and nepotism across governments. The power of the Oilfields Workers' Trade Union over the company due to consolidation of past state oil companies made it even more difficult for management to institute changes. On 28 August 2018, it

234-770: A movement gained strength in Trinidad and Tobago around the same time as the civil rights movement in the United States. The National Joint Action Committee (NJAC) was formed out of the Guild of Undergraduates at the St. Augustine campus of the University of the West Indies (UWI). Under the leadership of Geddes Granger (later Makandal Daaga ), NJAC and the Black Power Movement appeared as

273-453: A serious challenge to the authority of Prime Minister Eric Williams . This was coupled with a growing strike action on behalf of workers by the trade union movement, led by George Weekes of the Oilfields Workers' Trade Union , Clive Nunez of the Transport and Industrial Workers Union and Basdeo Panday , then a young trade union lawyer and activist. The Black Power Revolution began with

312-479: A suite of earlier companies including Trinidad Oilfields Limited (TOL), United British Oilfields of Trinidad (UBOT), Trinidad Leaseholds Limited (TLL), Trinidad Petroleum Development Co (TPD), Apex Trinidad Oilfields (APEX/ATO) and Kern Trinidad Oilfields (KTO), which had themselves been formed to first able commercialize oil finds in Trinidad in the early twentieth century. Petrotrin operated in land and marine acreage across southern Trinidad . In some instances,

351-510: Is called a razón social . Black Power Revolution The Black Power Revolution , also known as the Black Power Movement , 1970 Revolution , Black Power Uprising or February Revolution , was a period of political unrest in Trinidad and Tobago as a result of a series of actions spearheaded by Black power and left-wing political groups in the country aiming to achieve radical socio-political changes. Between 1968 and 1970,

390-424: Is too similar to a name that is already registered. Using one or more fictitious business names does not create additional separate legal entities. The distinction between a registered legal name and a fictitious business name, or trade name, is important because fictitious business names do not always identify the entity that is legally responsible . Legal agreements (such as contracts ) are normally made using

429-481: Is used, among others, such as assumed business name or fictitious business name . In Canada , " operating as " (abbreviated to o/a ) and " trading as " are used, although " doing business as " is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or

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468-597: The Caricom market with the main countries being Jamaica, Barbados and Guyana. In the early 1900s, there were several small refineries operating in Trinidad, including plants in Santa Flora (TPD 1930 – ?) and Brighton (UBOT 1911–1978). These were all closed over time as they became non-viable either because of aging technology or supply and cost challenges. The Point Fortin Refinery built in 1912 that once refined Venezuelan crude

507-560: The Corporation Sole , and the Ministry of Energy as the line ministry that provides specialized technical analyses and statutory approvals for the company's operations. The company was established in 1993 by the merger of Trintopec and Trintoc , two state-owned oil companies. A third company, Trinmar Ltd was merged into the company in 2000. Trintoc was formed from the assets of Shell Trinidad Ltd in 1974 and Texaco in 1985. Trintopec

546-459: The United Kingdom , there is no filing requirement for a "business name", defined as "any name under which someone carries on business" that, for a company or limited liability partnership, "is not its registered name", but there are requirements for disclosure of the owner's true name and some restrictions on the use of certain names. A minority of U.S. states, including Washington , still use

585-418: The U.S., trademark rights are acquired by use in commerce, but there can be substantial benefits to filing a trademark application. Sole proprietors are the most common users of DBAs. Sole proprietors are individual business owners who run their businesses themselves. Since most people in these circumstances use a business name other than their own name, it is often necessary for them to get DBAs. Generally,

624-593: The action of the Coast Guard , led by Commander David Bloom and negotiations between the Government and the rebels, the mutiny was contained and the mutineers surrendered on 25 April. Williams made three additional speeches in which he sought to identify himself with the aims of the Black Power movement. He re-shuffled his Cabinet and removed three Ministers (including two white members) and three senators. He also introduced

663-407: The business. Numbered companies will very often operate as something other than their legal name, which is unrecognizable to the public. In Chile , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Ireland , businesses are legally required to register business names where these differ from

702-520: The company engaged in joint ventures, lease operator-ships, farm-outs and incremental production services contracts to support its exploration and production activities. In 2004, Petrotrin was granted an automatic stake in all exploration and production arrangements with foreign companies in Trinidad and Tobago . In 2018, 90% of Petrotrin's sales to the local market were fuel – 46% from gasoline, 37% from diesel, 11% from jet fuel and 5% from liquefied petroleum gas (LPG or cooking gas). Petrotrin exported to

741-504: The construction of the No 3 and 4 Topping plants. During World War II the refinery was identified as an asset to be "protected at all cost" as a major supplier of aircraft fuel for the Allied forces. By 1940, the refinery went through another expansion, a top secret project known as Project 1234 and by May 1942, the first Catalytic Cracking Unit came on stream where refining capacity in Trinidad and Tobago

780-461: The country's economy and placed the country in the hydrocarbon sector. In 1913, former sugar estates in the area was purchased for plans to build a refinery by Trinidad Leaseholds Ltd, a British subsidiary of Central Mining Company headquartered in the United Kingdom. In 1917, the refinery was built and began production at 75,000 barrels of oil per day (bpd). Its first upgrade occurred in 1928 with

819-522: The county or city to be registered with the State Corporation Commission. DBA statements are often used in conjunction with a franchise . The franchisee will have a legal name under which it may sue and be sued, but will conduct business under the franchiser's brand name (which the public would recognize). A typical real-world example can be found in a well-known pricing mistake case, Donovan v. RRL Corp. , 26 Cal. 4th 261 (2001), where

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858-503: The disaffected poor of the cities and towns, as well as those black youth of the disaffected communities were attracted to the uprising and were present in the movement, as well as youths and others from the St. Augustine campus of UWI. On 6 April 1970 a protester, Basil Davis, was killed by the police. This was followed on 13 April by the resignation of A. N. R. Robinson , Member of Parliament for Tobago East. The death of this protester led to

897-429: The first locally owned commercial bank. However, this intervention had little impact on the protests. It was mainly led by NJAC's duo of Makandal Daaga and Khafra Khambon in tandem with other various interests within the trade unions, and other social groups like Afro-Trinidadians and were noted to attract many disaffected members of the then ruling People's National Movement (PNM) under Eric Williams. A large turnout of

936-402: The law is to protect the public from fraud, by compelling the business owner to first file or register his fictitious business name with the county clerk, and then making a further public record of it by publishing it in a newspaper. Several other states, such as Illinois , require print notices as well. In Uruguay , a trade name is known as a nombre fantasía , and the legal name of business

975-399: The legal name of business is called a razón social (social name). In Brazil , a trade name is known as a nome fantasia ('fantasy' or 'fiction' name), and the legal name of business is called razão social (social name). In some Canadian jurisdictions , such as Ontario , when a businessperson writes a trade name on a contract, invoice, or cheque, they must also add the legal name of

1014-584: The loss of foreign exchange due to the importation of oil to be used together with locally produced oil to keep the refinery in operation. According to the government, a cash injection of TT$ 25 billion would be required to refresh its infrastructure and repay its debt. On 30 November 2018, Petrotrin was shut down with the country's largest refinery officially closed after 101 years in operation. Approximately 5,500 permanent and temporary/casual employees lost their jobs. Petrotrin broke into four new companies that became effective from 1 December 2018: The refinery flame

1053-466: The movement gaining momentum. On 18 April sugar workers went on strike, and there was talk of a general strike. In response to this, Williams proclaimed a State of Emergency on 21 April and arrested 15 Black Power leaders. Responding in turn, a portion of the Trinidad Defense Force, led by Raffique Shah and Rex Lassalle , mutinied and took hostages at the army barracks at Teteron. Through

1092-461: The named defendant, RRL Corporation, was a Lexus car dealership doing business as " Lexus of Westminster ", but remaining a separate legal entity from Lexus, a division of Toyota Motor Sales, USA, Inc. . In California , filing a DBA statement also requires that a notice of the fictitious name be published in local newspapers for some set period of time to inform the public of the owner's intent to operate under an assumed name . The intention of

1131-403: The registered legal name of the business. If a corporation fails to consistently adhere to such important legal formalities like using its registered legal name in contracts, it may be subject to piercing of the corporate veil . In English , trade names are generally treated as proper nouns . In Argentina , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and

1170-454: The surname(s) of the sole trader or partners, or the legal name of a company. The Companies Registration Office publishes a searchable register of such business names. In Japan , the word yagō ( 屋号 ) is used. In Colonial Nigeria , certain tribes had members that used a variety of trading names to conduct business with the Europeans. Two examples were King Perekule VII of Bonny , who

1209-469: The term trade name to refer to "doing business as" (DBA) names. In most U.S. states now, however, DBAs are officially referred to using other terms. Almost half of the states, including New York and Oregon , use the terms assumed business name or assumed name ; nearly as many, including Pennsylvania , use the term fictitious name . For consumer protection purposes, many U.S. jurisdictions require businesses operating with fictitious names to file

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1248-457: The unrest of the 1970 Black Power Revolution , throughput was down to 183,000 barrels per day yet the refinery continued to be viable. By late 1984, Texaco assets including the refinery was acquired by the State and placed under the state company Trintoc, which itself was merged to form Petrotrin in 1993. By 1997, upgrades to infrastructure, instrumentation, and environmental systems were completed. This

1287-516: Was a national landmark, with many in surrounding communities such as Pointe-à-Pierre, Marabella , Claxton Bay and Gasparillo expressing hopes for the refinery to be purchased and restarted by a private enterprise. Trade name In a number of countries, the phrase " trading as " (abbreviated to t/a ) is used to designate a trade name. In the United States , the phrase " doing business as " (abbreviated to DBA , dba , d.b.a. , or d/b/a )

1326-453: Was announced by Prime Minister Dr Keith Rowley that Petrotrin would have to be shut down (although earlier stating in his political campaign they would not shut down the state-owned company) because of the government and company's inability to generate a profit during a period of low oil prices, where TT$ 8 billion was lost over five years. Also cited by the government was lack of competitiveness, declining production, TT$ 12 billion in debt, and

1365-574: Was done to improve product quality by reducing the sulfur content and increasing octane moving production from 90,000 to 160,000 barrels per day. More upgrades were done on the plants as recent as 2011. By being the only refinery in operation in the Caribbean, Trinidad & Tobago became the supplier of refined petroleum products to the rest of the region. Petrotrin produced 48,047 barrels per day (7,638.9 m/d) and had proven reserves totaling 439,585 million barrels (6.98884 × 10 m). The refinery had

1404-468: Was formed in 1985 when the government purchased the interests of Trinidad Tesoro, a joint venture between the government and Tesoro Oil Company, which was created to purchase the assets of British Petroleum (BP) in 1969. Trinmar was formed when the government purchased the offshore exploration assets of Trinidad Northern Areas Limited (TNA) which was formed by the then "Big Three": British Petroleum, Texaco and Shell. These companies were formed from

1443-545: Was known as Captain Pepple in trade matters, and King Jubo Jubogha of Opobo , who bore the pseudonym Captain Jaja . Both Pepple and Jaja would bequeath their trade names to their royal descendants as official surnames upon their deaths. In Singapore , there is no filing requirement for a "trading as" name, but there are requirements for disclosure of the underlying business or company's registered name and unique entity number. In

1482-463: Was recorded at 28.5 million barrels per year. At the end of World War II, the refinery was recognized as the largest in the British empire. In 1956, Trinidad Leaseholds Ltd was acquired by Texaco where by April 1960, the No 8 Topping Unit came on stream along with a lubricating oil plant, canning plant and a paraffins plant with production increasing and peaking to 360,000 barrels per day by 1970. Following

1521-633: Was the last to be shut down in 1994 due to cost challenges after the economic recession of the 1980s to make way for Atlantic LNG as Trinidad and Tobago shifted its emphasis from oil to natural gas. Petrotrin operated Trinidad and Tobago's single petroleum refinery , located at Pointe-à-Pierre , just north of the city of San Fernando , popularly known as the Pointe-a-Pierre Refinery. The refinery produced liquid petroleum gases, unleaded motor gasoline, avjet/kerosene, diesel/heating oil, fuel oil and aviation gasoline among other products. It has driven

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