PM Modi Seeks Energy Security from Guyana's Vast Oil Reserves

27 Nov 2024 CW Team

Indian Prime Minister Narendra Modi concluded a two-day visit to Guyana, underscoring the country's significance to India's energy security. During his address to the Guyanese Parliament, Modi highlighted the potential of Guyana’s vast offshore oil and gas reserves in strengthening India’s energy needs.

Modi’s visit came a day after India’s Foreign Minister, Jaideep Mazumdar, expressed interest in purchasing up to two million barrels of crude oil from Guyana. Guyana currently produces approximately 650,000 barrels of oil per day, and production is projected to surpass one million barrels daily within the next three years as more oilfields come online.

Modi also emphasized plans to encourage Indian businesses to invest in Guyana's energy sector. While India was unable to finalize a long-term oil sale agreement during the visit, both nations signed a memorandum of understanding (MoU) to enhance cooperation in hydrocarbon trade.

However, Guyanese Natural Resources Minister Vickram Bharrat stated that discussions with ExxonMobil, the main operator in Guyana's oil sector, would be needed to finalize the sale terms. He mentioned that any agreement would require logistical adjustments by ExxonMobil due to the scale of the deal.

Infrastructure Transport

04 Sep 2025

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..

Kerala Spends Rs 200 Billion During Onam Celebrations

The Kerala state government incurred expenditure totalling Rs 200 billion during the recent Onam season, covering regular financial obligations such as salaries and pensions, as well as festival-related allowances and subsidies, according to Finance Minister K N Balagopal.Of the total spend, Rs 121 billion was allocated towards salaries, pensions, bonuses, and festival allowances for government employees and pensioners. A further Rs 18 billion was disbursed as welfare pensions benefiting 6.2 million recipients, helping households manage festive costs.Food Kits and Festival AllowancesTo support..