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Wärtsilä and Aqualectra partner to support Curaçao’s decarbonisation with new power plant to balance renewables

News Americas, WILLEMSTAD, Curaçao, Sept. 18, 2024: Technology group Wärtsilä has again been contracted by Aqualectra, Curaҫao’s government owned utilities company, to provide Engineering, Procurement and Construction in support of the country’s decarbonisation program. This latest order is for a new 38.4 MW power plant that will be capable of providing efficient grid balancing as the level of renewable energy in the system continues to increase. The order was booked by Wärtsilä in Q3 2024.

Agreement signing – Front: Mathias West, CFO Neysa Isenia, Tganni Louisy. Back: Minister Charles Cooper, Chairman of the Board Renny Oehlers, Joseph Everon, and Rudolf Garmes.

The new Salu Power Plant is being supplied on a full engineering, procurement and construction (EPC) basis. Initially, the plant will provide baseload power but will be later utilised in a grid balancing role as part of the utility’s decarbonisation focus. It will operate with four Wärtsilä 20V32 engines and will immediately become one of Aqualectra’s most fuel-efficient power plants.

Earlier this year, Aqualectra placed an order with Wärtsilä for a Battery Energy Storage System (BESS), as well as Wärtsilä’s GEMS Digital Energy Platform. The combined system will enable the expansion of renewable energy capacity, representing an important step towards a sustainable energy future for the island.

“Aqualectra immensely values the continued partnership with Wärtsilä and their availability to hold discussions, exchange and build bridges so that, on this occasion, we could again sign a significant agreement for the island and people of Curaçao,” says Mrs. Neysa Isenia, CFO at Aqualectra.

The combination of Wärtsilä’s BESS and GEMS solutions, supported by the new power plant, will provide grid stability and reliability, reduce unserved energy, and help mitigate the risk of brownouts and blackouts. In addition, the Wärtsilä solutions will allow Aqualectra to expand their decarbonisation vision while smoothing the intermittency of renewables.

“We have worked closely with Aqualectra in developing their long-term roadmap,” explains Risto Paldanius, Vice President, Americas at Wärtsilä Energy. “This involved a detailed analysis and modelling of their system, as well as verifying their own modelling. Aqualectra’s strategic objective is to provide the community with affordable, sustainable, and reliable electricity. Wärtsilä’s solutions will support all of these objectives through reducing the cost of generation, enabling the integration of renewables, while providing high reliability.”

Delivery of the Wärtsilä equipment and construction of the power plant is being carried out on a fast-track basis, and the plant is expected to be fully operational by Q4 2025.

Aqualectra produces and distributes water and electricity to over 80,000 households and companies on Curaҫao Island. The company is an existing and valued Wärtsilä customer with three Wärtsilä engine power plants operating with a combined total of 16 Wärtsilä engines.

All Wärtsilä releases are available at www.wartsila.com/media/news-releases and at news.cision.com/wartsila-corporation where also the images can be downloaded. Use of the image(s) is allowed only in connection with the contents of this press release. Wärtsilä images are available at www.wartsila.com/media/image-bank.

Wärtsilä Energy in brief
Wärtsilä Energy is at the forefront of the transition towards a 100% renewable energy future. We help our customers and the power sector to accelerate their decarbonisation journeys through our market-leading technologies and power system expertise. Our solutions include flexible engine power plants, energy storage and optimisation technology, and services for the whole lifecycle of our installations. Our engines are future-proof and can run on sustainable fuels. Our track record comprises 79 GW of power plant capacity, of which 18 GW are under service agreements, and over 125 energy storage systems, in 180 countries around the world.
www.wartsila.com/energy

Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

Aqualectra
Aqualectra is Curacao’s government-owned utility company. It produces and distributes water and electricity to over 80,000 households and companies. Aqualectra employs 615 dedicated women and men who provide the framework for delivering quality products and services to our customers.
www.aqualectra.com

Bahamas Welcomes $55 Million Investment from Saudi Fund for Development

News Americas, New York, NY, September 16, 2024: The Bahamas government has celebrated the signing of a US$55 million agreement with the Saudi Fund for Development, which they say will significantly enhance the socio-economic development of Eleuthera, one of the country’s Family Islands and one of the homes of award-winning Bahamas-roots rocker, Lenny Kravitz.

Bahamas, Eleuthera Island, district of Governor’s Harbour (Central Eleuthera).

At the signing ceremony, Prime Minister Phillip Davis hailed the investment as a transformative step for the island, particularly through the long-awaited upgrade of the North Eleuthera International Airport. “This partnership with the Saudi Fund for Development marks a turning point for Eleuthera and its people,” Davis said. “For years, there has been talk about upgrading the airport, and today, we are moving from talk to action.”

The $55 million investment from Saudi will unlock Eleuthera’s potential, improving infrastructure, increasing tourism, and creating new job opportunities. “By enhancing the airport’s capacity to handle more visitors, we are directly supporting the tourism sector, which is at the heart of Eleuthera’s economy,” Davis added. “This investment will help bring in more international flights, increase connectivity to the rest of The Bahamas, and open up new avenues for local entrepreneurs.”

The Saudi Funds for Eleuthera Development’s contribution comes with a favorable interest rate of just 2.5 percent, ensuring the sustainability and financial viability of the project. For the people of Eleuthera, the airport upgrade represents progress and promises significant improvements in daily life, including better travel options, increased economic activity, and expanded employment prospects.

Prime Minister Davis emphasized that the project is part of a broader national plan to modernize infrastructure across the Family Islands. Already, construction has begun on a new airport in Cat Island, with plans for 14 additional airport developments nationwide. “This is about building for today and tomorrow,” Davis noted, “ensuring that our islands have the infrastructure to support growth and prosperity for generations to come.”

However, with rapid development comes challenges. Davis acknowledged that the rise in economic activity and population growth in Eleuthera has put pressure on utilities, particularly electricity and water services. “No Bahamian should have to live without reliable water and electricity, not in 2024,” he stated, addressing recent concerns over power and water shortages.

To tackle the issue, Bahamas Power and Light (BPL) has commissioned two long-overdue generators, each capable of producing 2.5 megawatts, with one already operational. The second is expected to be running by the end of the week, nearly doubling Harbour Island’s power generation capacity and significantly reducing the likelihood of load shedding. Davis pledged that by the end of September, Eleuthera would no longer experience power shortages.

In addition, over US$7 million in capital works for water infrastructure is underway to address Eleuthera’s growing needs. “This government isn’t interested in quick fixes or political stunts,” Davis said. “We are committed to providing long-term solutions.”

The partnership with the Saudi Fund for Development marks a crucial milestone in Eleuthera’s growth, setting the stage for sustained progress and ensuring that the people of Eleuthera can fully benefit from the island’s rapid development.

More Bahamas News.

Global Hotelier Sam Nazarian and Business Icon Tony Robbins Launch ‘The Estate’: A Pioneering Luxury Hotels & Residences Platform Focused on Preventative Medicine, Debuting in St. Kitts & Nevis

News Americas, NEW YORK, NY, Monday. Sept. 16, 2024: Following Bloomberg Pursuits exclusive reveal earlier today, global hospitality leader Sam Nazarian, best-selling author and life-coach Tony Robbins, global music icon Marc Anthony, and international strategist Richard Attias, have announced The Estate – a revolutionary investment in St Kitts & Nevis marking the first luxury hospitality and residential ecosystem in the Caribbean.

The Estate is coming to St. Kitts & Nevis first!

This groundbreaking luxury hotel platform, titled simply, The Estate, is the vision of Nazarian, the founder and CEO of sbe, and Tony Robbins, an entrepreneur, a #1 New York Times bestselling author, philanthropist, and the US’s #1 life & business strategist. They are joined by partner and global music icon and ambassador of Latin music and culture, Marc Anthony, and international strategist and visionary architect of global influence, Richard Attias.

The first of four Estate Luxury Hotels & Residences will launch in St Kitts and Nevis, home to less than 50,000 people, in 2026.  Never in the wider Caribbean have such influential and powerful business and cultural icons as Robbins, Anthony, Nazarian and Attias, with up to 150-million followers across all social media, put their names to such a development.

The Prime Minister of St Kitts & Nevis, a medical doctor, was instrumental in securing this global innovation in medical wellness ahead of the United Kingdom, Italy, Switzerland, and the GCC, (Gulf Cooperation Council).

Always ahead of the curve, Sam and Tony began developing the luxury hotel brand of the future concept pre-pandemic. They resolved to create a new omnichannel approach to longevity, meeting the customer wherever they are rather than solely a destination offering.

The Estate will lead the luxury hotel industry through its resorts and collection of urban preventative and longevity centers in core markets through partnership with industry leader Fountain Life, the leader in disease detection, prevention and reversal, providing the knowledge, coaching, and therapeutics that can increase vitality and health span, and turn back the clock on aging.

The Luxury Hotels & Residences is set to quickly become the largest ecosystem of preventative medicine and longevity in the world featuring 15 global hotels & residences and 10 urban preventative medicine and longevity centers by 2030, totaling 25 world-class centers in partnership with Fountain Life.

The Estate will partner in select urban locations with globally renowned Clinique La Prairie, the leader in longevity for more than 90 years, under the leadership of CEO Simone Gibertoni, offering premier holistic treatments through the ‘Longevity Hub by Clinique La Prairie’ and their iconic line of Longevity Supplements® ‘CLP Holistic Health®.’

“In 2006 I created SLS Hotels, a brand both relevant and disruptive for the emerging lifestyle industry. Then, lifestyle was ‘access’, now luxury is ‘longevity’,” commented Nazarian. “The Estate will lead with luxury. In 2024, we are disrupting again, by bringing together global market leaders, providing a platform for the best ideas to surface, and giving them scale. We are not building medical hotels – we are building luxury hotels, residences and urban clinics that are differentiated by a commitment to changing people’s lives. I have the honor of working with titans I have always admired, who share the same vision. Tony, Marc and Richard have led globally celebrated careers of excellence and inspiration, rooted in philanthropy and love and I couldn’t be more proud to start this journey with them.”

“High-quality preventative medicine has significantly enhanced my own life and I’m thrilled to collaborate with Sam on launching The Estate,” said Robbins. “By meeting people where they are, we blend a five-star experience with some of the world’s leading experts and offerings in preventative diagnostics and longevity on a global scale.”

“The Estate is a truly unique and transformative project, and I’m excited to partner with Sam and Tony to bring it to the world,” added Anthony. “Working alongside visionaries like Sam and Tony – individuals I’ve long admired for their dedication to excellence, philanthropy, and love – is an incredible honor. I couldn’t be prouder to embark on this journey with them. Together, we’re merging five-star luxury with the expertise of the world’s top specialists in preventative diagnostics and longevity. The Estate will re-define what luxury means, setting a new standard for the future.”

“The Estate represents a bold convergence of luxury, innovation, and purpose—an approach that aligns deeply with my work in creating transformative global platforms,” stated Attias. This project is more than just another development; it is a revolutionary ecosystem where world-class hospitality meets the cutting edge of preventative medicine, AI, and longevity. We are setting a new standard for how we live and thrive.”

The fact that the Estate will, through the sbe Foundation, ensure that underprivileged communities are able to access preventative diagnostics and treatments by working with partner charities, would surely benefit the wider community of St Kitts & Nevis. Construction in St. Kitts & Nevis is expected to start in the first half of 2025 to support the first planned pre-sales of residential sales units, anticipated to begin later that summer.

Brugal Rum Partners With Minute Maid Park

News Americas, New York, NY, September 4, 2024: Brugal Rum, the ultra-premium rum brand from the Dominican Republic, has announced a new collaboration with Minute Maid Park, home of the Houston Astros, to enhance the fan experience. This exciting partnership features the launch of a bespoke Brugal-branded bar on the stadium’s Club Level, poised to become a favorite among visitors.

Brugal Rum has partnered with the Astros.

Located on the second floor, the full-service bar spotlights Brugal 1888 – a premium double-aged rum known for its deep flavors from ex-bourbon and sherry casks. Fans can enjoy a selection of four specialty cocktails: the Dominican Old Fashioned, crafted with Angostura bitters and simple syrup; Dominican Lemonade with passionfruit puree and lemonade; Caribbean Fizz, blending lemon juice and club soda; and the Space City Carajillo, featuring Maven Cold Brew with vanilla notes.

The bar’s design reflects Brugal’s signature dark blue and gold color scheme, with Brugal 1888 shield emblems, elegant wood paneling, and Dominican-style arches that add a touch of Caribbean luxury to the venue. The iconic netting pattern, reminiscent of the protective netting found on many Brugal bottles, is woven throughout the bar’s decor.

“We’re excited to partner with Minute Maid Park,” said Jassil Villanueva Quintana, Brugal 1888’s Maestra Ronera. “Baseball is deeply rooted in Dominican culture, symbolizing more than just a game – it’s a way of life. This partnership lets us bring the spirit of the Dominican Republic to Houston, offering fans a taste of our rich rum heritage while celebrating the values of quality, craftsmanship, and community. We look forward to sharing this experience with the fans at Minute Maid Park.”

In addition to offering top-tier cocktails, Brugal will host game-day tasting events on the Club Level, where fans can sample Brugal’s products and learn about the brand’s 135-year history. During select games, fans will also receive special giveaways, such as custom Brugal hand fans.

To mark Hispanic Heritage Month, Brugal will debut the La Casa Brugal Retreat Tour at Minute Maid Park’s Street Fest this September. The interactive rum experience invites guests to explore a reimagined version of Don Andrés Brugal’s Dominican country home, merging tradition with modern design. The tour will travel across Texas, featuring a vibrant Brugal 1888 Rum Bar and exclusive mixology sessions, where fans can create their own Brugal cocktails with the guidance of expert bartenders.

Hilton Announces First Two Hotels In Guyana

News Americas, New York, NY, August 29, 2024: Hilton, the global luxury hotel brand, has announced plans to construct its first two hotels in Guyana, marking a significant expansion into the oil rich South American CARICOM nation. The new developments, Hilton Georgetown and DoubleTree Suites by Hilton Georgetown, will both be located in the country’s capital, Georgetown.

Hilton will soon have two hotels in Guyana.

According to the company, these two hotels will be part of a larger oceanfront, mixed-use business and entertainment complex, offering a combined total of over 400 rooms. The project will be owned by an affiliate of the Assets Group and managed by Hilton.

This announcement comes nearly four years after a private company initially signed a Memorandum of Understanding (MoU) with the Guyanese government to build two Hilton-branded hotels. However, that project never advanced, and now Hilton has decided to take the reins directly.

“We believe in investing in Guyana, a country poised for significant growth and a promising future in tourism and hospitality,” said Moutaz Al Khayyat, Chairman of Assets Group. He highlighted the company’s commitment to entering emerging markets with high potential and expressed confidence in Guyana’s economic trajectory.

The 11-story Hilton Georgetown will feature 253 guest rooms and suites, providing an elevated stay experience, while the DoubleTree Suites by Hilton Georgetown will offer 158 contemporary suites.

“We are proud to bring the flagship Hilton Hotels & Resorts brand, which continues to set the standard for travel, and the renowned DoubleTree by Hilton tradition of warm welcomes and upscale comfort to Guyana,” said Gary Steffen, Global Category Head for Full-Service Brands at Hilton. He added that the company is eager to introduce its iconic hospitality to the Guyanese market through these two award-winning brands.

Hilton emphasized that these new properties will underscore its commitment to delivering premium, luxurious experiences that cater to the discerning needs of its guests.

Caribbean Projected To Grow By Over 8 Percent In 2024

News Americas, New York, NY, Fri. August 23, 2024: The Caribbean region is on track to experience economic growth of 8.4 percent in 2024, largely driven by the remarkable expansion of Guyana’s economy. However, without factoring in Guyana, the region’s projected growth rate drops significantly to just 2.6 percent, according to the latest annual report from the Economic Commission for Latin America and the Caribbean, (ECLAC).

Guyana, with its rapidly expanding oil sector, is expected to lead the Caribbean in growth, with an estimated 29.2 percent increase in 2024. In contrast, the growth forecast for 2025 for the region, including Guyana, is projected to drop to 6.3 percent. Excluding Guyana, the rate will fall even further to just 2.23 percent.

The following is the projected growth by country for 2024 and 2025, according to ECLAC data:

Country2024 Growth Rate (%)2025 Growth Rate (%)Guyana29.217.8Antigua and Barbuda6.34.8Dominican Republic5.24.5Saint Vincent and the Grenadines4.74.6Dominica4.64.3Belize4.13.8Grenada4.13.7Barbados3.72.8Saint Lucia3.42.0Saint Kitts and Nevis3.02.7Suriname2.42.7Trinidad and Tobago2.42.2Bahamas2.31.8Jamaica1.81.7Cuba0.51.0

This growth projection highlights the economic challenges facing the region, particularly when Guyana’s extraordinary growth is excluded. While other Caribbean nations are showing positive growth rates, the disparity underscores the critical role that Guyana’s oil boom is playing in the region’s overall economic performance.

Jamaican Nurse Practitioner Champions Preventive Healthcare

News Americas, New York, NY, August 8, 2024: “Preventive healthcare is my passion,” says Jamaican-born Adult Health Nurse Practitioner, Dr. Karlene Lawrence, who has over two decades of experience in Preventive Medicine across various health centers in New York City and Long Island.

Dr. Karlene Lawrence is a nurse practitioner based in NYC but born in Jamaica. (Photo courtesy of Ian Buddington)

Born in St. Thomas, Jamaica, Dr. Lawrence attended Holy Childhood Preparatory and High Schools in Kingston, Jamaica, before immigrating to the USA at 17. She earned a Bachelor’s degree in Nursing from Molloy College in Rockville Centre with the goal of becoming a Nurse-Midwife. After obtaining a Midwifery and Women’s Health Graduate degree from New York University, she began practicing in outpatient settings in Queens and Brooklyn. It was at this juncture that her focus changed. “I realized that the care of my female patients was incomplete because I was unable to care for their male partners. That prompted me to pursue an Adult Nurse Practitioner Post Graduate Certificate. Over time, it became apparent that my true passion was educating patients about illness prevention and achieving wellness, rather than ‘problem-focused’ appointments and treating an illness after it was already diagnosed.”

Dr. Lawrence returned to school in 2017 and received a Doctor of Nursing Practice Degree from SUNY Stony Brook University in 2019. During this time, she married educator, musician, and cultural historian LeRoy Graham Jr., who “stepped up in a major way” to assist with raising their three children while she pursued her academic and professional goals.

Dr Karlene Lawrence and husband LeRoy Graham. (Photo courtesy of Ian Buddington)

Among her many honors are The Louis and Rachel Rudin Foundation Scholarship, the New York State Advanced Nursing Education Traineeship Scholarship, and the New York State Primary Care Service Corps Scholarship. She is also a member of the Sigma Theta Tau International Honor Society of Nursing.

Currently, Dr. Lawrence serves as the Doctor of Nursing Practice / Nurse Practitioner on a multimillion-dollar Geriatric Workforce Enhancement Program (GWEP) grant from the federal Health Resources and Services Administration (HRSA). The program aims to transform the healthcare workforce and community in Brooklyn by establishing a new wellness clinic for adults aged 65 years and older. The clinic will also serve as a training facility for students from all schools and colleges at SUNY Downstate Health Sciences University.

“Many chronic health conditions are preventable with proper nutrition, adherence to periodic screenings, and taking medication as advised, leading to longer, healthier lives free of common illnesses,” states Dr. Lawrence.

She emphasized that regular screenings for conditions like diabetes, hypertension, high cholesterol, and cancers such as breast, prostate, and colon can lead to early diagnosis, less complicated treatments, lower healthcare costs, and more successful outcomes. “This is why preventive healthcare and wellness are my passions. Early in my career, I realized that ‘prevention is better than cure’ is very accurate and applicable. Preventive healthcare became the focus of my practice many years ago and remains so until today.”

Dr. Lawrence also addresses challenges in the healthcare system, such as lack of access to affordable healthcare, payment constraints from insurance companies, stigmas towards various health conditions, and biases against older patients and those with mental health issues. “The sad reality is that a majority of the world’s population have challenges understanding healthcare discussions or instructions due to low or no literacy. This hinders the achievement of desired preventive healthcare goals. Unfortunately, the current United States health system can be complicated and difficult to navigate, a longstanding and complex issue that requires an immediate solution to ensure that ‘best treatment’ is always the goal for ALL patients.”

“My goal as a health and wellness educator-presenter is to increase awareness, comprehension, and adherence to recommended preventive health screening guidelines, improve health literacy, and eliminate occurrences of health disparities. I am also passionate about empowering individuals through education to prevent diseases, promote health, and maintain wellness as they age in their own residences,” she explained.

However, Dr. Lawrence acknowledges that she cannot achieve these goals alone. “At the end of the day, we still have to resolve the challenges in our healthcare system, and that will not be done overnight. It is vital that we foster the necessary cooperation between all healthcare stakeholders to arrive at more effective healthcare solutions. The lives of our fellow citizens literally depend on it.”

Son Of Caribbean Immigrants Named Co-Anchor of ‘CBS Evening News’

News Americas, New York, NY, August 2, 2024: Maurice DuBois, the son of Caribbean immigrants, has been named the new co-anchor of ‘CBS Evening News.’ A seasoned anchorman for WCBS-TV in New York City and the CBS network, DuBois will replace Norah O’Donnell and share the spot with John Dickerson, CBS’s lead political analyst and the host of an evening CBS News streaming show.

CBS TV Personality, Caribbean American Maurice Dubois, named co-anchor of CBS Evening News. (Photo by Mark Sagliocco/Getty Images)

Born on Long Island, New York, to parents from Dominica, DuBois attended Port Jefferson High School and earned a Bachelor of Science degree in journalism from the Medill School of Journalism at Northwestern University in Evanston, Illinois. While in college, he interned at the Public Affairs Office of the Brookhaven National Laboratory on Long Island, contributing to the employee newspaper, the Brookhaven Bulletin.

DuBois began his career in 1987 as a desk assistant at KING-TV in Seattle, Washington. He then served as an anchor and reporter at WFLD-TV in Chicago, Illinois, and KCRA-TV in Sacramento, California. He spent seven years at WNBC-TV in New York, co-anchoring ‘Today in New York’ and hosting ‘Four Stories’ and ‘Mind Over Media.’

He also worked as a substitute news reader on NBC News’s ‘Today’ and its weekend editions. In September 2004, he joined WCBS-TV in New York as an anchor for the 6 pm newscast, ‘CBS 2 News at 6,’ with Dana Tyler. Since then, he has co-anchored ‘CBS 2 News This Morning’ and ‘CBS 2 News at Noon’ with Cindy Hsu and Mary Calvi.

In January 2011, DuBois began co-anchoring ‘CBS 2 News at 5’ and ‘CBS 2 News at 11’ with Kristine Johnson. He occasionally substitutes on the weekend edition of ‘CBS Evening News.’ His reporting includes national political conventions, AIDS in South Africa, the death of Pope John Paul II, and the installation of Pope Benedict XVI.

Active in the community, DuBois serves on the boards of Pencil, Susan G. Komen for the Cure (New York City affiliate), and New York City Center. He has also worked with WNET’s GED program.

DuBois and his wife, Andrea Adair, married on August 13, 2001, have two sons and live in Harlem. He has received four Emmy Awards, honors from the Associated Press, and a Trailblazer Award from the New York City chapter of the National Association of Black Journalists. He holds honorary Doctor of Philosophy degrees from Briarcliffe College, Medgar Evers College, Seton Hall University, and St. Francis College.

CBS network executives promise journalistic rigor for the show. Bill Owens, the executive producer of ’60 Minutes,’ will oversee the editorial direction of ‘Evening News,’ with Guy Campanile, a ’60 Minutes’ producer, serving as the nightly show’s executive producer. Wendy McMahon, the chief executive of CBS News, Stations, and CBS Media Ventures, stated that the new leadership team represents “the infusion of ‘60 Minutes’ mission and values into the ‘CBS Evening News’ nightly.”

ExxonMobil Guyana Advances Seventh Oil Project

News Americas, New York, NY, July 23, 2024: ExxonMobil Guyana is moving forward with plans to develop its seventh oil project in the country, targeting the Hammerhead field in the Stabroek Block. The Environmental Protection Agency (EPA) has begun reviewing ExxonMobil’s application for this new venture.

The ExxonMobil Guyana offices at 86 Duke Street in Georgetown, Guyana. Photographer: Jose A. Alvarado Jr./Bloomberg via Getty Images

Officials estimate that the Hammerhead project could push Guyana’s oil output beyond 1.5 million barrels per day (bpd) by 2029. According to the project summary on the EPA’s website, the new development is expected to add between 120,000 and 180,000 bpd once operational in 2029.

ExxonMobil also projects gas production of 60 to 120 million standard cubic feet per day. The company emphasized in its project summary that it aims to “safely optimize that capacity” following initial startup.

When the Hammerhead project comes online, it will join six other sanctioned projects in the Stabroek Block, collectively boosting Guyana’s oil production to approximately 1.5 million bpd.

The EPA’s public notice, published earlier this week, stated that the proposed project will largely occur in the marine offshore environment. The notice highlighted potential environmental impacts, including effects on marine water quality, air quality, marine fauna, and socio-economic resources. Consequently, the EPA has instructed ExxonMobil Guyana to submit an Environmental Impact Assessment (EIA) for the Hammerhead project.

The environmental regulator also invited the public to submit written questions and concerns within 28 days of the July 14 notice for consideration in the EIA.

Documents filed with the EPA reveal that the Hammerhead project is located in the south-central portion of the Stabroek Block, approximately 160 km from Georgetown, amidst previous Stabroek projects. The current plans involve drilling via drill ships to produce oil using approximately 14 to 30 production and injection wells.

The project will include the installation of subsea equipment on the seafloor and processing equipment on a floating, production, storage, and offloading (FPSO) vessel. The FPSO vessel will have the capacity to store approximately 1.4 to 2 million barrels of oil. Third-party oil tankers will offload the oil from the FPSO, making it available for export to the international market.

The FPSO will also process, dehydrate, and compress associated gas produced from the reservoir. Several options for managing the associated gas are currently being evaluated.

The Hammerhead project is expected to significantly contribute to Guyana’s economic growth by increasing national revenues, procuring local goods and services, and creating direct and indirect employment opportunities. These benefits are anticipated to drive positive “multiplier” impacts throughout the local economy.

Here’s What You Need to Know About the Latest US Investments in the Caribbean

By NAN Business Editor

News Americas, New York, NY, Fri. July 19, 2024: Ever wondered about the total U.S. Direct Investment made in the Caribbean recently? News Americas analyzed the latest figures available from the US Bureau of Economic Analysis for 2022 on the heels of the recent Americas Partnership for Economic Prosperity Ministerial in D.C., and here’s where it stands according to a News Americas analysis. Countries not listed either received no inward US investments or had no data available for 2022 or 2021. They included Guyana, Suriname, St. Vincent and the Grenadines, and Antigua & Barbuda.

US Secretary of State Antony Blinken attended an emergency meeting on Haiti at the Conference of Heads of Government of the Caribbean Community (CARICOM) in Kingston, Jamaica, on March 11, 2024. (Photo by ANDREW CABALLERO-REYNOLDS/POOL/AFP via Getty Images)

The total investment for 2022 in some 16 countries was approximately US $296.1 billion. The investments per country from highest to lowest were as follows, based on the latest available data – 2022.

US Investments in the Caribbean (2022)

CountryInvestment Amount (USD)Change from 2021Bermuda$206.4 billion-12.7%The Bahamas$42.6 billion+1.4%Curacao$9.2 billion+18.1%Trinidad and Tobago$6 billion+49.6%The Dominican Republic$2.5 billion+3.7%St. Kitts and Nevis$468 million+1.5%Jamaica$239 million+5.8%Anguilla$137 million-14.4%Caribbean Netherlands$123 million+2.5%Belize$122 million-1.6%Sint Maarten$93 million-7.0%Barbados$28.3 million-12.9%Aruba$20 million+900.0%Haiti$17 million-22.7%St. Lucia$12 million-340.0% Grenada US $7 million 0 %

These investments reflect the economic engagement of the United States with the Caribbean region, indicating both growth and decline in various countries.