Texas-headquartered ExxonMobil on May 02, 2019 said that it is steaming ahead with its Guyana operations, pumping US$6B into the second phase of the
File photo: In November 17, 2017, SBM Offshore started the conversion of the Bahamas-flagged Tina, a crude carrier, into the Liza Destiny FPSO.
Liza development. The decision followed recent Government and regulatory approvals of the second phase development.
Guyana is expected its first commercial oil early next year with the floating platform, Liza Destiny, to be here in the third quarter of this year.
“Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day by 2025,” ExxonMobil disclosed yesterday in a statement. Continue reading
Guyana Politics – Life is not easy for those in power – By Adam Harris
The year began with a furore about holding elections. Of course, there was the no confidence vote in the National Assembly. The vote sent many rushing to the constitution, where they found that elections should be held within three months of the vote, unless the National Assembly voted for an extension.
There was the move to the courts and the ruling by the Chief Justice which was challenged. The appeal court reversed that initial decision, but by then there were the protests organized by the political opposition.
People in the protest began to refer to President Granger as former president, although the very constitution said that the president will remain in office until a new one is sworn in. As it turned out, those protests were revealing.
People in the line spoke of being promised money and some complained about not being provided with lunch. Protesting had become a job. Continue reading →
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