New offshore bank to open in Dominica

2 weeks ago Editor 0
A logo used by Digibank A new offshore bank has announced plans to begin operations in Dominica in 2018. In a press release, Digibank said it has joined the ranks of Class-A licensed offshore banks on the island. “Poised to ride the trend of globalized wealth, Digibank aims to incorporate technology to traditional offshore bank Read More

Montague demands police explanation of ’embarrassing’ airport road gridlock

2 weeks ago Editor 0
Livern Barrett, Senior Gleaner Writer National Security Minister Robert Montague is demanding that the Police Commissioner explain the breakdown that resulted in a major traffic congestion on the sole route to the Norman Manley International Airport in Kingston yesterday. The Palisadoes strip was blocked for several hours as a result of a New Year’s Day party called Read More

Hess (HES) is currently focused on achieving lower costs and higher-return assets while developing its offshore Guyana oil discoveries. The company is also focused on keeping up its dividend payments, and,…

2 weeks ago Editor 0
Why Elliott Is Targeting Hess PART 2 OF 13 By Keisha Bandz  | Jan 2, 2018 1:20 pm EST What Elliot wants Hess (HES) is currently focused on achieving lower costs and higher-return assets while developing its offshore Guyana oil discoveries. The company is also focused on keeping up its dividend payments, and, more recently, share Read More

In addition to having a presence in the Bakken and Guyana, Hess (HES) also holds acreage in the Utica and deepwater Gulf of Mexico. For its international projects, which include offshore…

2 weeks ago Editor 0
Why Elliott Is Targeting Hess PART 3 OF 13 By Keisha Bandz  | Jan 2, 2018 1:20 pm EST Existing shale acreage In addition to having a presence in the Bakken and Guyana, Hess (HES) also holds acreage in the Utica and deepwater Gulf of Mexico. For its international projects, which include offshore Guyana, the North Read More

Hess (HES), ExxonMobil (XOM), and CNOOC (CEO) jointly own interests in the Stabroek Block, located approximately 120 miles offshore Guyana. Hess, ExxonMobil, and CNOOC have 30%, 45%, and 25% stakes in the venture, respectively,…

2 weeks ago Editor 0
Why Elliott Is Targeting Hess PART 6 OF 13 By Keisha Bandz  | Jan 2, 2018 1:20 pm EST Hess’s Guyana interests Hess (HES), ExxonMobil (XOM), and CNOOC (CEO) jointly own interests in the Stabroek Block, located approximately 120 miles offshore Guyana. Hess, ExxonMobil, and CNOOC have 30%, 45%, and 25% stakes in the venture, respectively, and XOM is Read More

Natalie Pinkham dotes on daughter Willow in Barbados

2 weeks ago Editor 0
She is the proud mother of daughter Willow Mirela, whom she shares with her husband Owain Walbyoff.  And looking every inch the doting mother, Natalie Pinkham was seen showering her one-year-old tot with affection as she holidayed in Barbados on Tuesday.  The British TV presenter, 40, looked sensational on the beach as she slipped into a Read More

U.S. airlines reduced Caribbean capacity by 10% in December

2 weeks ago Editor 0
With portions of the Caribbean still struggling to recover from massive hits by hurricanes Irma and Maria in September, U.S.-based airlines flew nearly 10% fewer seats to the region in December than they had a year earlier. Still, the factors that airlines consider when deciding how much to pare down service to islands and other Read More

CTO Secretary General issues New Year message

2 weeks ago Editor 0
This has been a challenging year for Caribbean tourism. While the first half of the year saw exciting growth in both tourism infrastructure and tourist arrivals over the previous year, in September we were hit hard by a series of unusual hurricanes that not only destroyed property, but also took the lives of many of Read More

Mark Wahlberg packs on PDA with Rhea Durham in Barbados

2 weeks ago Editor 0
He’s been enjoying a relaxing post-Christmas getaway with his wife and four children. And Mark Wahlberg proved island life was suiting him down to the ground as he packed on the PDA with his model spouse Rhea Dunham while soaking up the sun in Barbados on Tuesday. The shirtless actor, 46, displayed his rippling six-pack Read More