Daily Archives: July 23, 2018

Guyana’s proven oil reserves now 4 billion barrels; target now 750,000 barrels daily

Guyana’s proven oil-equivalent reserves now 4 billion barrels; revised production target now 750,000 barrels daily

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Monday it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases.

The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of the eighth discovery, Longtail, into the Turbot area evaluation and completion of the Pacora discovery evaluation. The previous recoverable resource estimate was 3.2 billion oil-equivalent barrels.       Continue reading

Guyana News Headlines Links – Kaieteur News Headlines – July 22-23. 2018

Headline News – 23 July 2018 

One year later…SARA still to bring a single corruption case before court

Family feud turns ugly…Husband rams truck into ex-wife’s car then burns down lumber yard

Professor Thomas, Retemeyer occupying SARA offices illegally

AFC pushing for police report into Broomes parking lot fiasco

Financial laws need amending to facilitate exchange of information

Successful governance of oil sector hinges on clear policies and accountability

Cybercrime Bill toughens fight against sexual predators
Bandits beat, rob boutique owner

Why do American journalists like Clifford Krauss find it so easy to describe Guyana as a ‘Sh—t Hole’ country?                         Continue reading

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