Neck-and-neck elections in Suriname to pick new president to steer oil riches

Ruling party and top opposition rival won almost the same number of parliamentary seats

Fabio Palmigiani
South America Correspondent,

Rio de JaneiroPublished 26 May 2025, 14:14

Surinamese went to the polls on Sunday to elect a new parliament that will be responsible for choosing the next president of the smallest nation in South America.

Elections take place as the tiny former Dutch colony of 600,000 inhabitants, which is battling with high debt, rampant inflation and poverty, hopes that big offshore oil discoveries will put the country in a growing path as seen in neighbouring Guyana.

According to Reuters, with nearly all votes counted, Suriname’s ruling party and its top opposition rival won almost the same number of parliamentary seats, paving the way for complex coalition negotiations to determine who becomes the next president.

Results showed the opposition National Democratic Party (NDP) secured 18 seats, with 79,544 votes, while the ruling Progressive Reform Party (VHP) of current President Chan Santokhi won 17 seats, with 75,983 votes.   Smaller parties, which will now play a pivotal role in selecting the country’s next president and vice-president, obtained the remaining 16 of 51 seats.

Negotiations between parties are expected to take weeks, as a two-thirds majority in parliament is required to elect the president.    Whoever is elected president will govern Suriname until 2030 and will reap the rewards of the $12.2 billion GranMorgu development in Block 58.

French supermajor TotalEnergies operates GranMorgu, located about 150 kilometres from the coast, and estimated to hold recoverable reserves at more than 750 million barrels.    First oil is earmarked for 2028 via a large floating production, storage and offloading vessel, to be supplied by SBM Offshore, capable of processing 220,000 barrels per day of oil and 550 million cubic metres per day of natural gas.

 

 

SBM Offshore FPSO closing in on first oil with mooring off Guyana out of the way

May 27, Melisa Cavcic

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has crossed off the task list the mooring of its new floating production, storage, and offloading (FPSO) vessel, which will enable the start of production from ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.

Following the arrival of the FPSO One Guyana from Singapore to Guyanese shores on April 15, 2025, SBM Offshore’s Installation Team completed the mooring of the unit on May 5, 2025, with the Normand Installer vessel, connecting each of the 20 mooring lines just 19 days after the unit arrived in the country.

The  operation entailed pre-lay mooring line survey by the Normand Installer vessel; safe and efficient coordination of tug station-keeping, rescue drills, and fairlead preparation  and seamless teamwork between the tow master, Normand Installer crew, and FPSO team for mooring line transfer and tensioning.

The Dutch player, which describes the FPSO mooring milestone as a major achievement in its offshore operations in the South American country, highlighted:

“This success is a testament to the dedication, precision, and collaboration of everyone involved, both offshore and onshore. A big thank you to all teams who made this possible!”

With the first oil anticipated later this year, the FPSO One Guyana will support the ExxonMobil-operated Yellowtail development, sanctioned in April 2022 as the U.S. oil major’s fourth project in the Stabroek block.  The development encompasses six drill centers and up to 26 production and 25 injection wells.

SBM Offshore got a contract confirmation for the supply of the FPSO after the final investment decision (FID) was disclosed for the project. This unit will work in Guyana alongside three other FPSOs: Liza Destiny, Liza Unity, and Prosperity.

The Dutch giant is also tasked with the provision of the FPSO Jaguar for ExxonMobil’s Whiptail oil development. With an initial production capacity of 250,000 barrels of oil per day, the FPSO One Guyana, featuring a design incorporating the firm’s Fast4Ward program, has an associated gas treatment capacity of 450 million cubic feet a day, daily water injection capacity of 300,000 barrels, and a storage capacity of 2 million barrels per day.

The Stabroek block, which covers 6.6 million acres (26,800 square kilometers), is operated by ExxonMobil’s affiliate in Guyana with a 45% interest. The firm’s partners are Hess Guyana Exploration (30%) and CNOOC Petroleum Guyana (25%).The U.S. giant is not only set on deploying six FPSOs with a gross production capacity of over 1.2 million barrels of oil per day on the Stabroek block by the end of 2027, but has also hinted at the potential for up to ten FPSOs to develop the estimated gross discovered recoverable resources of over 11 billion barrels of oil equivalent.

SBM Offshore got a contract confirmation for the supply of the FPSO after the final investment decision (FID) was disclosed for the project. This unit will work in Guyana alongside three other FPSOs: Liza Destiny, Liza Unity, and Prosperity. The Dutch giant is also tasked with the provision of the FPSO Jaguar for ExxonMobil’s Whiptail oil development.

With an initial production capacity of 250,000 barrels of oil per day, the FPSO One Guyana, featuring a design incorporating the firm’s Fast4Ward program, has an associated gas treatment capacity of 450 million cubic feet a day, daily water injection capacity of 300,000 barrels, and a storage capacity of 2 million barrels per day.

The Stabroek block, which covers 6.6 million acres (26,800 square kilometers), is operated by ExxonMobil’s affiliate in Guyana with a 45% interest. The firm’s partners are Hess Guyana Exploration (30%) and CNOOC Petroleum Guyana (25%).

The U.S. giant is not only set on deploying six FPSOs with a gross production capacity of over 1.2 million barrels of oil per day on the Stabroek block by the end of 2027, but has also hinted at the potential for up to ten FPSOs to develop the estimated gross discovered recoverable resources of over 11 billion barrels of oil equivalent.

Following the arrival of the FPSO One Guyana from Singapore to Guyanese shores on April 15, 2025, SBM Offshore’s Installation Team completed the mooring of the unit on May 5, 2025, with the Normand Installer vessel, connecting each of the 20 mooring lines just 19 days after the unit arrived in the country.

The   operation entailed pre-lay mooring line survey by the Normand Installer vessel; safe and efficient coordination of tug station-keeping, rescue drills, and fairlead preparation; and seamless teamwork between the tow master, Normand Installer crew, and FPSO team for mooring line transfer and tensioning.

The Dutch player, which describes the FPSO mooring milestone as a major achievement in its offshore operations in the South American country, highlighted: “This success is a testament to the dedication, precision, and collaboration of everyone involved, both offshore and onshore. A big thank you to all teams who made this possible!”

With the first oil anticipated later this year, the FPSO One Guyana will support the ExxonMobil-operated Yellowtail development, sanctioned in April 2022 as the U.S. oil major’s fourth project in the Stabroek block. This development encompasses six drill centers and up to 26 production and 25 injection wells.

 

 

 

Who is leading the race for ExxonMobil’s eighth Guyana FPSO?

US supermajor selected Longtail as latest development in prolific Stabroek block

Fabio Palmigiani
South America CorrespondentRio de Janeiro

Published 21 May 2025, 12:02

A major contractor is leading the race to build and supply US supermajor ExxonMobil with a super-sized floating production, storage and offloading vessel to serve the Longtail field offshore Guyana.

ExxonMobil picked Longtail as its eighth project in the Stabroek block and expects early next year to make a final investment decision to officially sanction it.
The proposed Longtail development will feature an FPSO that will be larger than any floater already installed or under construction in Guyana, as ExxonMobil intends to tackle massive amounts of natural gas from the area.

 

 

 

Who is leading the race for ExxonMobil’s eighth Guyana FPSO?

US supermajor selected Longtail as latest development in prolific Stabroek block

Fabio Palmigiani
South America CorrespondentRio de Janeiro

Published 21 May 2025, 12:02

A major contractor is leading the race to build and supply US supermajor ExxonMobil with a super-sized floating production, storage and offloading vessel to serve the Longtail field offshore Guyana.

ExxonMobil picked Longtail as its eighth project in the Stabroek block and expects early next year to make a final investment decision to officially sanction it.   The proposed Longtail development will feature an FPSO that will be larger than any floater already installed or under construction in Guyana, as ExxonMobil intends to tackle massive amounts of natural gas from the area.

SBM Offshore got a contract confirmation for the supply of the FPSO after the final investment decision (FID) was disclosed for the project. This unit will work in Guyana alongside three other FPSOs: Liza Destiny, Liza Unity, and Prosperity. The Dutch giant is also tasked with the provision of the FPSO Jaguar for ExxonMobil’s Whiptail oil development.

With an initial production capacity of 250,000 barrels of oil per day, the FPSO One Guyana, featuring a design incorporating the firm’s Fast4Ward program, has an associated gas treatment capacity of 450 million cubic feet a day, daily water injection capacity of 300,000 barrels, and a storage capacity of 2 million barrels per day.

The Stabroek block, which covers 6.6 million acres (26,800 square kilometers), is operated by ExxonMobil’s affiliate in Guyana with a 45% interest. The firm’s partners are Hess Guyana Exploration (30%) and CNOOC Petroleum Guyana (25%).

The U.S. giant is not only set on deploying six FPSOs with a gross production capacity of over 1.2 million barrels of oil per day on the Stabroek block by the end of 2027, but has also hinted at the potential for up to ten FPSOs to develop the estimated gross discovered recoverable resources of over 11 billion barrels of oil equivalent.

 

 

 

Offshore Jamaica: Excelerate acquires floating storage and regas terminal and

UOG submits plan for piston survey

May 22, 2025
ID 140226146 © Hyotographics | Dreamstime.com

New Fortress Energy (NFE) has sold its assets and operations in Jamaica to Excelerate Energy for $1.055 billion, according to a May 14 NFE news release.

Under the transaction, Excelerate has acquired full ownership of NFE’s LNG import terminal in Montego Bay, the offshore floating storage and regasification terminal in Old Harbour, and a 150-MW combined heat and power plant in Clarendon.

 

 

In other news, United Oil & Gas (UOG) has submitted a permitting application for an offshore piston core survey to Jamaica’s National Environmental and Planning Agency (NEPA), according to a May 15 company news release.

The survey will involve collecting 40-60 seabed sediment samples from the Walton and Morant basins using a long, cylindrical piston corer. The undisturbed score samples will then undergo geochemical analysis to support understanding of the license area’s hydrocarbon generation potential and reservoir quality.

To support selection of seabed locations, UOG plans a multi-beam echosounder survey over deeper water areas, particularly in parts of the Morant Basin that are not currently covered by 3D seismic data.

In addition, the campaign will involve a heat probe analysis at certain locations to measure background heat flow and sediment thermal conductivity. Results should assist basin modeling and petroleum system analysis, and identification of areas most likely to hold commercial hydrocarbon accumulations.

The Walton-Morant license, spanning 22,400 sq km, contains more than 40 identified leads and prospects, 11 of which have been certified by Gaffney Cline as containing more than 2.4 Bbbl of unrisked mean prospective resources.

The piston core survey will also likely aid UOG’s farm-out process for the license.

 

 

 

 

 

Heritage continues its land drilling campaign

2025, 05/28

A pumping jack in South Trinidad.

Heritage Petroleum has announced that it has successfully spud Well FR1831, located in Forest Reserve.

A news release posted on the Energy Chamber’s website yesterday noted that according to a statement from the company, the new well marks the fifth in the company’s 2025 land drilling campaign and represents continued commitment to the development of the onshore assets.

It noted the well builds on the success of FR1819 well which was drilled in 2022, which targeted the upper and middle cruse sands in the Forest Reserve Field.

The news release added Well FR 1831 would be drilled to a depth of about 6,000 ft measured depth using WSL Rig 80, with a planned drill time of 15 days. Initial production is expected to be 56 barrels of oil per day.

The release further noted that the drilling of FR1831 comes on the heels of the announcement of the arrival of offshore drilling rig EOD264 and underscores Heritage’s drive to meet its recovery plan deliverables.

In its audited results, Heritage Petroleum posted a profit before tax of $2.30 billion in 2024 (2023: $2.18 billion). The company also noted that as at September 30, 2024, since its inception, it has contributed $14.75 billion to the Government in royalties, levies, and other taxes.

It also noted that capital expenditure increased by 23 per cent to $1.08 billion in 2024 (2023: $880 million), reflecting continued investment in production, asset integrity, developmental drilling, infrastructure and technology.

 

 

 

 

Shift in US policy could impact T&T LNG trade

May 26, 2025

A REGULATORY shift in New England, USA, could ripple all the way to Trinidad and Tobago, potentially impacting LNG exports, the Energy Chamber warned yesterday, as it highlighted how interconnected the global energy market has become.

In a blog post yesterday titled:  New York wind farms, pipelines and Trinidad LNG , the Energy Chamber stated that despite the USA being the world’s largest LNG exporter, the world’s biggest economy still imported 0.3 billion cubic meters (bcm) of LNG from Trinidad and Tobago in 2023.

And New England has continued to rely on imported LNG to meet demand during peak periods, the blog stated.

“This is because local environmental opposition at the state level in New York and surrounding states has prevented the construction of gas transmission pipelines to bring gas from producing areas like Pennsylvania to consumers in the northeast.”

Cargoes flagged in some countries

“LNG export facilities on the US Gulf coast are also unable to ship LNG to Boston because US legislation (the Jones Act) means that only US-flagged LNG carriers can move cargoes between US ports (most carriers are flagged in countries like Japan, Liberia, Panama, Bermuda and Malaysia); so Trinidad, as the next nearest source of LNG, has continued to supply the US, despite the shale gas revolution,”it stated.However, the Energy Chamber warned this could soon change.

“Recent reports from the Wall Street Journal and Bloomberg suggest that there are moves to overcome the environmental opposition to new natural gas transmission pipelines linking consumers in New England with the producers further south and west,”  it stated.

Local impact

“Furthermore, the greenlighting of the massive Empire offshore wind project located about 15 miles south of Long Island and spanning 80,000 acres, notwithstanding President Trump’s well-documented opposition to wind turbines, will supply an additional 810 MW of clean electricity to the northeast”, The Energy Chamber stated.

The Energy Chamber stated exports to the USA only account for 3% of Trinidad’s total LNG exports and there is a lot of demand for LNG in key markets, especially in Europe and Asia.

“Nevertheless, the impact of these local changes in the USA shows the interconnection of the global energy industry and how decisions elsewhere can impact on Trinidad and Tobago,“it stated.

 

 

 

Young innovators shine at Shell NXplorers awards

YOUTH innovation in response to global challenges was on display as students from across Trinidad and Tobago were honoured at the Shell NXplorers Cycle Five Awards Ceremony at the Radisson Hotel in Port of Spain last Wednesday.

The event, hosted in partnership with the National Institute of Higher Education, Research, Science and Technology (NIHERST), highlighted sustainable solutions developed by the nation’s next generation of problem-solvers.

The NXplorers initiative, part of Shell’s global STREAM (Science, Technology, Research, Engineering, Arts, and Mathematics) programme equips youth with the tools to tackle real-world challenges at the intersection of food, water, and energy. Since launching locally in 2020, the programme has impacted secondary and tertiary level students through hands-on learning experiences that promote systems thinking, scenario planning, change management, critical think, and soft skills.

“We’ve partnered with Shell since 2019 to execute what it known as a STREAM programme,” said Candice Hector, NIHERST’s Marketing Communications manager. “One of its key components under these particular initiatives is the Shell NXplorers programme and this a global programmme which takes place in approximately 80 countries” the programme itself is designed to equip youth and ensure they are aware of the necessary tools and methodologies to address complex and interconnected challenges particularly focusing on the food-water-energy nexus”

The programme is open to secondary school students from selected schools and tertiary-level students between ages 17 and 25. According to Hector, the initiative provides a comprehensive six-month learning cycle during which participants receive mentorship and training before presenting their innovations to judges.

She added that It’s not just a competition; it’s a transformative learning journey that fosters systems thinking, scenario planning, change management, soft skills, and problem-solving.

“The programme has engaged over 300 students from more than 20 schools throughout the country,” she said.

Shell’s Marketing coordinator, Kyron Jeffers, described the event as a celebration of student achievements in applying science and technology to address real societal needs.

“Today we’re celebrating students who took part in the Shell NXplorers programme, which is a global programme that teaches young people how to tackle complex issues that face our world,” he said.

He underscored the importance of youth producing innovative solutions to solve future problems, noting that the programme equips students to create prototype solutions.

Among the standout projects from past and current cohorts were a carbon-capture filter that fits into vehicles to capture up to 99% of carbon emissions, to help achieve carbon net zero. Another, was a waste-sorting system using RFID and infrared technology to improve recycling, and a box lunch tracking system to ensure that each student get their box lunch needs in terms of allergies, designed by Corpus Christi College students to reduce food wastage in schools.

Beyond this programme, he said there is a graduate challenge where student-developed projects that can help global issues. One such example is the Bird Strike Challenge, where students proposed solutions to reduce bird collisions with helicopters servicing, an ongoing hazard in the energy sector.

“Shell invested about $100,000 in partnership with NIHERST to work with students to prototype solutions students are rewarded for their ideas” said Jeffers.

President of NIHERST Julie Florence David, echoed the programme’s broader societal value. She said since the programme’s inception it has been attracting more students across the country. According to David, Shell NXplorers introduces young people to strategic thinking and scenario planning, helping them explore their curiosity and ideas. Some of these innovations are already in use across various industries.

It’s definitely shaping tomorrow. She highlighted that these projects have already contributed to national development, mentioning the bird strike challenge project “which is in use by various industries in the energy sector” adding that there is a need to showcase how young people’s innovations are impacting communities.

David emphasised the scalability of the programme, noting that it can expand to reach more communities and schools with continued support. “This programme has really been a shining star in the entire Shell STEM programme. I would invite all secondary and all tertiary students, if you have an opportunity, you have ideas, you have that curiosity, you want to explore you want to innovate new things where you see there is a need in your communities, come on board, get an application see how best you can contribute in building our future” she explained.

TERTIARY

1st place Green Wall

• Matthew Roodal
• Aarti Jessica Sirju
• Ellyn Rose Lakhansingh-Ferreira
• Adam Pooran
• Jonathan Joseph

2nd place Sargassum Seaweed

• Shariah Mohammed
• Ariel Procope
• Justin Guyadeen

3rd place Artificial Reef

• Isaac Gabriel
• Melody Mackham
• Lyndon Herrera

Most Impactful Project Sargassum Seaweed

• Shariah Mohammed
• Ariel Procope
• Justin Guyadeen

Most Innovative Project ReCoGen

• Tariq Mohammed
• Alyssa Persaud
• Abbida Khan

SECONDARY

1st place Corpus Christi College

• Emilia Ramdeen
• Ebony Pierre
• Nyla-Andre Oliviero-Noreiga
• Rayanna Herrera

2nd place Bishop’s Centenary College

Kadisha Collette

• Kwinn Matthew
• Jolissa Moolchan
• Cassie Chase
• Merkila John

3rd place Naparima Girls’ High School

• Sriya Persad Maraj
• Vanya Ramasar
• Kristen Smith
• Elizabeth Singh
• Emily Beharry

Most Innovative Project Open Bible High School

• Gabriel Benjamin
• Kamara Sinanan
• Allison Rachel Seechan
• Joanna Rajkumar
• Alena Mohammed

Most Impactful Project Bishop’s Centenary College

• Kadisha Collette
• Kwinn Matthew
• Jolissa Moolchan
• Cassie Chase
• Merkila John

 

 

 

 

University of the West Indies (UWI) has no deed or lease for lands on which the UWI Debe campus stands.

Prime Minister Kamla Persad-Bissessar confirmed that the University of the West Indies (UWI) has no deed or lease for the lands on which the UWI Debe campus was built and never received a lease or deed for the 100-plus-acre property, along the M2 Ring Road in Debe.

Former UWI principal, Professor Brian Copeland, confirmed that during his tenure, the university had permission to occupy the land and was seeking to have it formally vested in UWI.

“It was handed to UWI, so it is the UWI campus. The name was approved by campus council and approved by the government.

“The Government could take back anything it wants by law. I’m not sure it’s going to work because one thing a government cannot do is run a tertiary education system. I don’t know, maybe they’ll take it and give it to UTT. I really can’t see what will happen if they decide to go that route. But it sounds like a long process, which means that there will be nothing happening at the campus for the next two years.”

Asked why UWI had failed to operationalise the campus and enrol students, Professor Copeland said construction was still incomplete and the soil conditions were problematic.

“The library was not finished. It was basically just columns and concrete floors. We could not complete that building and needed more funding. I remember we had to complete the swimming pool and the tennis court. There were many issues because the soil is not very forgiving.”

The student section and the law faculty building were among the most complete parts of the campus. The contractor failed to fulfil obligations.

“The contractor was not living up to the agreement. The timeline was not being met, and there were not enough staff or workers on-site.” As a result UWI terminated the contract and began completing the work in phases.

An assessment in 2017 to explore opening the Global School of Medicine generated excitement among regional stakeholders. International medical students would have studied at the Debe campus and used the San Fernando Teaching Hospital and the Couva Multi-Training Facility for clinical training, bringing foreign exchange into T&T. He maintained that the plan is still viable and said the campus could also be used for law and agriculture.

He expressed concern over any plan to abandon the Global School of Medicine, which would have been a valuable foreign exchange earner for UWI.

Last week during the post-Cabinet media briefing, the Prime Minister warned UWI, “Do not test me! If I have to do it and if we have to do it, I’ll take that campus back and put it under Government control to make sure we complete it!”

The United National Congress-led People’s Partnership government built the campus during its 2010-15 term at reported costs of $500 million-plus.

While intended as a faculty of law, the UWI recently said the campus would be used as a school of medicine after remaining unused for years.

Following a recent tour, Oropouche East MP and Energy Minister Dr Roodal Moonilal, described the site as being in a “horrific” state. The UWI said despite very tight financial resources, it had prioritised and proceeded with critical repair work and security enhancements to prepare the campus in anticipation of phased reopening, beginning in August.

 

 

 

 

Chavista candidate voted Governor of Essequibo amid poor turnout

May 26th 2025

Neil Jesús Villamizar Sánchez was elected as the first governor of Guayana Essequiba.

Venezuela held regional and legislative elections with a voter turnout of 42.63%. The ruling United Socialist Party of Venezuela (PSUV), led by Nicolás Maduro, secured 23 out of 24 governorships, including the newly claimed 160,000 square-kilometer oil-rich Guayana Essequiba, and an 82.68% share of votes for the National Assembly, projecting an absolute legislative majority.

The opposition won only the Cojedes governorship. Henrique Capriles secured a legislative seat for the opposition.

Neil Jesús Villamizar Sánchez was elected as the first governor of Guayana Essequiba, a territory administered by Guyana but claimed by Venezuela. The opposition, led by María Corina Machado, boycotted the elections, alleging prior fraudulent practices.

Voting centers, especially in Caracas, were largely empty, with military presence outnumbering voters. The National Electoral Council (CNE), controlled by the ruling party, extended voting hours, as the opposition deemed the low turnout as a public rebuke of Maduro’s government.

The Simón Bolívar Great Patriotic Pole alliance won governorships in Guayana Essequiba, Apure, Aragua, Barinas, Bolivar, Carabobo, Falcon, Guarico, Lara, Merida, Miranda, Monagas, Nueva Esparta, Sucre, Tachira, Trujillo, Yaracuy, Zulia, Amazonas, Delta Amacuro, La Guaira, Anzoategui and Portuguesa. The opposition won in the state of Cojedes.

CNE Vice Chairman Carlos Quintero said that the ruling Chavistas won with an “irreversible trend” 40 of the 50 seats of national allotment lists for Parliament.

With 93.01 % of the polling stations counted and a turnout of 42.63 %, the Gran Polo Patriotico, which gathers the ruling party, obtained 4,553,484 votes.

Voting was extended one hour past the 6 pm deadline by CNE Chairman Elvis Amoroso on the alleged grounds that there were “still many participants,” which was largely questioned by the opposition.

Amoroso also noted that the CNE felt proud“ of the  active participation of the brave people of Venezuela.”Some 21.4 million Venezuelans were summoned to the polls to elect 569 positions, among them 285 deputies to the National Assembly (NA, Parliament), 24 governors -including the governor of Essequibo- and 260 regional legislators.

Machado insisted that over 85% of Venezuelans “disobeyed” and did not vote in the elections, which she claimed was a defeat for chavismo.

 

 

 

China’s new envoy pledges stronger ties, support for Guyana’s development goals

May 26, 2025

CHINA’S newly appointed Ambassador to Guyana, Yang Yang, affirmed her country’s commitment to strengthening bilateral relations and expanding co-operation with Guyana in key areas of low-carbon development, climate change response and green energy transitions.

At her first official signing event in Linden, Ambassador Yang Yang highlighted the deepening mutual trust and practical cooperation between the two nations, stating, “Economic co-operation has grown closer, and cultural exchanges have become increasingly active.”

Ambassador Yang arrived in Guyana on April 17, 2025, to assume her duties, and despite being here for just a month, she expressed how she felt encouraged by the energy of Guyana’s development efforts and the hospitality of its people.Reflecting on more than five decades of diplomatic relations, established on June 27, 1972, Ambassador Yang reaffirmed China’s readiness to pursue stronger collaboration under the Belt and Road Initiative.

“China and Guyana are partners in the high-quality joint construction of the Belt and Road Initiative and also share the benefits of its fruitful achievements. Under the framework of the Belt and Road Initiative, our mutual beneficial cooperation has brought tangible benefits to both our countries and both our peoples.”

She emphasised China’s focus on sustainable growth and the importance of aligning with Guyana’s own ambitions.

“Today, sustainable development stands as the golden key to addressing global changes. China is accelerating its transition towards a comprehensive transformation of economic and social development, while Guyana is also ambitiously striving towards the goals set in the Low-Carbon Development Strategy 2030.”

Ambassador Yang Yang guaranteed, on behalf of the Embassy, that they would urge and support their enterprises to pursue high-quality and efficient construction, as well as ensure a timely delivery with assured standards, and contribute to Guyana’s economic and social development.

Looking ahead, the Ambassador expressed optimism for the future of bilateral ties.

“We look forward to seeing more cooperative projects harnessing our continental advantages to achieve mutual benefits and shared success and injecting new momentum into the development of our friendly relations,” she said.

 

 

Offshore Jamaica: Excelerate acquires floating storage and regas terminal, UOG submits plan for piston survey

May 22, 2025

NFE has sold its assets/operations in Jamaica to Excelerate Energy for $1.055 billion, and UOG has submitted a permitting application for an offshore piston core survey.

Jeremy Beckman
ID 140226146 © Hyotographics | Dreamstime.com
New Fortress Energy

NFE has sold its assets and operations in Jamaica to Excelerate Energy for $1.055 billion, according to a May 14 news release.

Under the transaction, Excelerate has acquired full ownership of NFE’s LNG import terminal in Montego Bay, the offshore floating storage and regasification terminal in Old Harbour, and a 150-MW combined heat and power plant in Clarendon.