From: The Guyana Petroluem Digest January 5, 2021 Despite Venezuela’s proven oil reserves standing at a whooping 303 billion barrels – the largest in the world – Guyana, its English-speaking…
Category: BUSINESS AND FINANCE
Shell hails 50% stake in Colombian Oil Company as opportunity!
By: Staff Writer January 1, 2020 Shell hails Ecopetrol 50 percent stake as “opportunity” to bring its technical know-how to Colombia to help build the offshore drilling sector. Cynthia Babski,…
Grenadian opposition calls “vendetta” on government handling of Energy Company shares.
By: Staff Writer January 1, 2020 Grenada opposition party calls the handling of the power company by the government “reckless” fueled by “personal vendettas.” The National Democratic Congress (NDC) in…
WRB forced to drop Grenada power company after court battle- Blames Government!
By: Staff Writer December 29, 2020 The Grenada government’s “unwillingness” to work together to keep Grenlec delivering consistent power to Grenadians has forced the Tampa based power company, WRB, to…
Global Cannabis market to reach $147bn by 2027- The Caribbean will capitalise!
A CBD producer says the Caribbean will capitalise on cannabis growth trends as the market is expected to reach $147bn by year 2027. Elvis “Papi” Edwards, owner/operator of CBDxr, told…
Shell takes 50% stake in Colombian oil and gas firm!
By: Staff Writer December 29, 2020 Oil giant, Shell, takes a 50 percent stake in Colombian oil and gas firm to continue its offshore, deep water exploration. Ecopetrol S.A. hereby…
Canadian company extends PPA in Nicaragua into 2039
By: Staff Writer December 29, 2020 A Canadian firm extends their power purchase agreement (PPA) in geothermal facility in Nicaragua into 2039. Polaris Infrastructure, a Toronto-based company engaged in the operation,…
Shopping giant to open new warehouses in Jamaica and Guatemala by early 2022
By: Staff Writer December 29, 2020 Shopping giant and warehouse club is proceeding with construction of two new warehouses in Jamaica and Guatemala for a Spring 2022 opening. PriceSmart, Inc.,…
VIDEO: Beaches Turks and Caicos reopens- premier does the slide in excitement!
VIDEO: Beaches Turks and Caicos reopens- premier does the slide in excitement! By: Staff Writer December 25, 2020 Beaches Turks and Caicos, one of Sandals Resorts International’s resort brands has…
Cable & Wireless may have sold access to their mobile network for China to track Americans in the Caribbean!
By: Staff Writer December 25, 2020 Shocking allegations that the telecommunications giant in the Caribbean, Cable & Wireless (C&W), who owns BTC in The Bahamas and Flow in Barbados, may…
Marriot AC Hotels expands to Dominican Republic.
The world’s largest hotel chain, Marriott, together with investment firm EGI Business Group, adds to its growing portfolio in Latin America with the introduction of AC Punta Cana in the Spring of…
New $70m St Kitts solar plant is partnership, not takeover!
By: Staff Writer December 25, 2020 A new solar energy project for the St. Kitts and Nevis energy company, SKELEC, will not be a foreign takeover but rather is just…