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New Oil Discovery in Guyana Expands Already Vast, 8 Billion Oil-Equivalent Barrel Reserves

Staff Consortium | September 09, 2020

GEORGETOWN, Guyana, CMC – Guyana Tuesday reiterated that it would enact policies to ensure that citizens benefit from the country’s resources as the US-oil giant, ExxonMobil said it had made  its 18th discovery offshore Guyana at the Redtail-1 well. It said that the discovery will add to the previously announced estimated recoverable resource of more than eight billion oil-equivalent barrels on the Stabroek Block. “I assure you that the government will do everything possible to ensure benefits from this and other sectors enhance the lives of all our people,” Natural Resources Minister, Vickram Bharrat , said in welcoming the latest discovery. He said the new Irfaan Ali government “remains committed to the development of the oil and gas resources” and compliments the fiscal measures to be announced by President Ali when the emergency budget…

Barbados Set to Introduce National Digital Identification

Staff Consortium | June 19, 2020

BRIDGETOWN, Barbados, CMC – Barbados is working toward introducing a National Digital ID, which could…

Multi-Million Dollar Rehabilitation Project Begins…

Staff Consortium | June 16, 2020

CASTRIES, St. Lucia, CMC – The St. Lucia Air and Seaport Authority (SALSPA) said work has started on…

Jamaica Will Reopen Borders to International Travelers…

Staff Consortium | June 01, 2020

KINGSTON, Jamaica, CMC – The government is to reopen the country’s ports for entry for the repatriation…

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$1.5 Million Petrus Plaza BVI Opens Next Week

Angela Burns | January 17, 2020

FISH BAY, TORTOLA – Former U.S. Virgin Islands Senator and Gubernatorial Candidate Allie Petrus is expanding his business operations with a $1.5 million investment in the British Virgin Islands.  ...

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