Category Archives: finance and trade

Guyana: Visiting high-level Barbadian team sees more investment opportunities here

By Kellon Rover – 

Guyana’s Minister of Public Works, Bishop Juan Edghill, MP, on Sunday October 25, met with the high-level Barbados Housing and Investment Mission team at the Watooka Guest House Linden, Region 10.

Headed by Barbadian Minister of Transport, Works and Maintenance, Dr. William Duguid, the visiting delegation arrived in Guyana last Friday to seek investment opportunities and strengthen trade relations between the two CARICOM nations.

Minister of Public Work, Bishop Juan Edghill, MP engaging the Barbadian delegation at the Watooka Guest House, on Sunday.

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BUSINESS: The Top-20 Oil and Gas Companies in the World in 2021

 Published by VISUAL CAPITALIST –  y

Largest Oil and Gas companies

READ ARTICLE BELOW       

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Guyana: By 2026: 4 FPSOs will deliver 50 million barrels of oil; US$4 billion annually to Guyana – Bharrat

OILNOW – October 23, 2021

Guyana’s Natural Resources Minister, Vickram Bharrat, says in the next four to five years Guyana would be well on its way to becoming the “mini-Dubai” of the Caribbean as it will have four oil ships providing considerable production volumes and revenue take.

During an exclusive interview with OilNOW, Mr. Bharrat recalled that currently, Guyana has US$436M in its Natural Resource Fund.  In the coming weeks, he posited that the country will receive payment for the most recent lift of one million barrels of Liza crude to Aramco Trading Limited. With another lift due next month, he predicts Guyana can get US$150M between the two if oil prices remain around US$85 per barrel. With this in mind, he said Guyana could comfortably close the year with close to US$600M in the Natural Resource Fund.

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GUYANA AT DUBAI EXPO – Video of the Presentation – October 19. 2021

GUYANA AT DUBAI EXPO (SAMUEL MEDAS, POONAM SINGH, NEKEITA, GAVIN MENDONZA)

Take a look at Guyana’s performance at the Dubai Expo. Very good showcase from #TeamGuyana

Released October 19, 2021

Guyana: Agreement signed for US$5M concrete manufacturing facility by United Arab Emirates (UAE) company

GUYANA CHRONICLE – October 20, 2021
Smart City Clearing Company Limited Managing Director, Gavin Smith, and Global Infrastructure Solutions CEO Troy Phillips participating in the Unidome signing ceremony in Dubai on Tuesday
Smart City Clearing Company Limited Managing Director, Gavin Smith, and Global Infrastructure Solutions CEO Troy Phillips participating in the Unidome signing ceremony in Dubai on Tuesday

A US$5M investment to develop a 20,000 square foot manufacturing facility intended to produce biaxial voided slab technology in Guyana is the first manufacturing international joint venture partnership and investment between Guyana and the United Arab Emirates (UAE).

The partnership was facilitated by Guyanese merchant bank, Smart City Clearing Company Limited, between Guyanese-based engineering, procurement, and construction firm, Global Infrastructure Solutions Guyana Inc, and Undiome Global DWC LLC, an Emirati-owned company.      Continue reading

Guyana: Sweet Drink – The Puma Presence – By Vibert Cambridge

Stabroek News – By September 19, 2021

A Preliminary Exploration of the Social History of Nonalcoholic Carbonated Beverages in Guyana (1870–2020).

On February 23, 1970, Guyana adopted a Republican constitution and became the Cooperative Republic of Guyana. This signaled a substantial shift in governance and the adoption of a new economic paradigm. By 1970, Banks DIH had emerged as the dominant player in Guyana’s sweet drink marketplace. Its bottling plant was new, and the company had a robust national distribution system with storage bonds in New Amsterdam, Linden (formerly Mackenzie), and Bartica, as well as on the Essequibo Coast.

By the 1970s, cakeshops and cakeshop–salt goods shops, rather than soda fountains (as anticipated by the U.S. consul in 1924), were the primary outlets for nonalcoholic carbonated beverages. Cakeshop–salt goods shops were at almost every intersection in the urban areas. Cakeshops and grocery outlets were in every village and settlement in the rural areas. A variant was also evident in many hinterland settlements. Most of these businesses were connected to the Banks DIH distribution network. This distribution infrastructure was used to deliver a fortified food: Puma, a product that evoked fond memories for many Guyanese, even in 2020.

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World: The global energy crisis has 4 possible paths through early 2022…. says Bank of America

– Business Insider – Oct 18, 2021, 12:10 PM

Oil pumps at sunset, industrial oil pumps equipment.Getty Images
  • The worldwide energy crisis unfolding has thrown markets into unprecedented turmoil.
  • In Europe, natural gas prices are at record highs. And in China, thermal coal futures are also at all-time highs.
  • Francisco Blanch of Bank of America provided Insider with four possible paths through early 2022.

The worldwide energy crisis unfolding amid a surge in demand and an ongoing supply crunch has thrown the oil and gas markets into unprecedented turmoil.

Oil prices are up more than 60% this year, with West Texas Intermediate crude hitting a fresh seven-year high on Friday 15 October, 2021.

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Government: Why Oil Doesn’t Corrupt Norway – Video

Government: Why Oil Doesn’t Corrupt Norway – Video

This video gives a history of Norway’s oil industry and the operation of its Sovereign Trust Fund.

‘Venezuela Won’t Even Get to Exploit 5% of Its Oil Reserves’ – Marianela Palacios | Caracas Chronicles

Venezuela – Click to enlarge

Now that oil prices are recovering, Francisco Monaldi analyzes the truth of the nature and magnitude of what lies beneath the Faja del Orinoco (Orinoco Belt) and the historic use of fossil fuel to determine the role of oil in our future 

Marianela Palacios | Caracas Chronicles

IT IS TRUE THAT THERE ARE OVER ONE TRILLION OIL BARRELS IN THE VENEZUELAN SUBSOIL. That’s why Nicolás Maduro brags about the “world’s largest reserves”, although he adds that only a fraction of them are “proven” and exploitable; between 20 and 25 percent of the total amount: 300 billion barrels. But it is also true that, if things stay the way they are, most of it will remain underground forever. The carbon dioxide won’t be released into the atmosphere nor will that wealth be used.              Continue reading

USA: Why Food Is Getting More Expensive In The U.S. – Video

USA: Why Food Is Getting More Expensive In The U.S. – Video

CNBC – September 10, 2021

0:00 – Introduction 01:31 – Rising costs 03:41 – Climate change 04:44 – Supply chain issues 08:33 – Health impact 11:55 – Solutions

The pandemic sent food prices skyrocketing amid a slew of supply chain disruptions, but food costs have been steadily rising over the past five years. The rise in prices can have serious consequences for the most vulnerable Americans. According to the USDA, 13.8 million Americans qualified as food insecure in 2020. Watch the video to find out how much food prices have risen, what’s driving the increase and how businesses and policymakers can fix it.

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