Exxon makes three more oil discoveries offshore Guyana; Total discoveries nearing 11 Billion barrels

Exxon makes three more oil discoveries offshore Guyana; Total discoveries nearing 11 Billion barrels

The ExxonMobil company this afternoon announced a triple discovery of oil offshore Guyana on the Stabroek Block, which has now pushed the estimated discovery on the Stabroek Block to nearly 11 billion barrels. In a statement, the company said the three discoveries are southeast of the Liza and Payara developments and bring to five the…

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Triple strike!

Triple strike!

–ExxonMobil’s Barreleye-1, Patwa-1, Lukanani-1 wells produce promising results –increase estimated recoverable oil resources at nearly 11 billion barrels ESTIMATED recoverable oil resources in the Stabroek Block, offshore Guyana, have increased to 11 billion barrels, following three new discoveries by the operator of the block, ExxonMobil. According to a press statement from ExxonMobil, the three discoveries,…

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‘We welcome your investment’

‘We welcome your investment’

— President Ali tells UK investors at Carlton House seminar PRESIDENT, Dr. Irfaan Ali said Guyana’s future development trajectory is predicated on strengthening traditional sectors and building new ones, as he encouraged investors in the United Kingdom to be part of this journey. The Head of State made this assertion while speaking about Guyana’s potential…

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Issues with gov’t have to be raised at ‘source of power’, not Parliament – Norton

Issues with gov’t have to be raised at ‘source of power’, not Parliament – Norton

Opposition Leader Aubrey Norton continues to press for a more broad-based engagement with President Dr. Irfaan Ali, emphasising that issues relating to the welfare of people must be raised with the “source of power.” After President Ali indicated that he will soon engage the new Opposition Leader on constitutional matters, Norton said that those talks…

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$32.7M water system commissioned at Monkey Mountain

$32.7M water system commissioned at Monkey Mountain

Some 800 residents in the remote community of Monkey Mountain, Potaro – Sipuruni (Region Eight) can now boast of improved water supply. On Monday, Minister of Housing and Water Collin Croal commissioned the $32.7 million Water Supply Improvement Project in the village. “This signals the fulfilment of our People’s Progressive Party/Civic government to develop all…

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With millions available for projects, Pres. Ali tells UK investors to be more aggressive

With millions available for projects, Pres. Ali tells UK investors to be more aggressive

By Vishani Ragobeer Vishani@newsroom.gy The United Kingdom (UK) has designated millions of dollars in development aid for Guyana and other Caribbean countries but President Dr. Irfaan Ali says that UK investors have not aggressively pursued the abundant investment opportunities in Guyana. The Guyanese Head of State said this while talking up investment opportunities here during…

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