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…
–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,…
Residents of Lethem and by extension Region Nine (Upper Takutu – Upper Essequibo) will no longer have to be medevaced to Georgetown or referred to Brazil to seek intensive care treatment as the newly constructed intensive care unit is set to open at the Lethem Regional Hospital. The unit is intended to provide point of…
President Irfaan Ali is in the United Kingdom pushing investment opportunities in Guyana and today he told a Guyana Investment Seminar in London that Guyana is prime for investment as the country continues to grow as a major oil producer. The President pointed to the development of the manufacturing and industrial sectors in Guyana and…
— 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…
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…
A 56-year-old man from Coverden on the East Bank of Demerara lost his life this morning when he was mowed down by a motor lorry along the Bagotstown Public Road on the East Bank of Demerara. Police have identified the dead man as Mohan Toolsie. A report of the incident said Toolsie exited a parked…
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…
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…
A fairer money lending scheme, which considers that some countries are more vulnerable to major disasters, is sorely needed in the wake of the impact of the COVID-19 pandemic and the Ukraine/ Russia crisis on small countries. This was the fervent call made by Guyana’s Senior Minister within the Office of the President with responsibility…
