– oil reserves now over five billion barrels
Director, Department of Energy, Dr. Mark Bynoe this morning announced that US oil company ExxonMobil has made its 10th discovery offshore Guyana at the Pluma-1 well.
A release from the Ministry of the Presidency said that this latest discovery has increased the estimated recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.
“This is great news for Guyana…the country is on the cusp of transformational development for current and future generations and the news of ExxonMobil’s 10th discovery offshore Guyana is expected to facilitate the country’s realisation of substantial social and economic improvements,” Dr. Bynoe said. Continue reading
Prime Minister May and the Brexit deal – By Yvonne Sam
Prime Minister May and the Brexit deal —- Still needs to garner the Brits’appeal
As the decision deadline approaches, it is not what has been said but clearly what lies ahead.
In a June 2016 referendum the Brits, seemingly exposed their grits and made a hit, voting to leave the European Union by 52% to 48%. Come March 29, 2019 at 11.00 p.m Greenwich Mean Time, the United Kingdom will officially exit the European Union—an economic and political alliance of 28 countries. Such a move will bring 46 years of membership to an end. Continue reading →
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