Caribbean news: Oil, Jamaica’s billion dollar film + more


PICTURED: Renée Robinson (Photo credit: JIS)

MORE OIL DETECTED AROUND GUYANA

EXXON MOBIL and Hess Corporation have announced a ninth oil discovery in Guyana’s offshore fields. The companies said that the latest find could lead to production of more than 750,000 barrels per day by 2025. Initial finds and production work already under way are aimed at producing around 120,000 barrels of oil a day by early 2020.

TRADE DEAL OVER VENEZUELAN GAS

TRINIDAD AND TOBAGO and Venezuela have signed a deal to allow Trinidad to purchase and ship Venezuela’s natural gas globally. The deal was signed by Trinidad and Tobago’s Prime Minister Keith Rowley and Venezuelan President Nicolas Maduro. The agreement will see 150…

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