Category Archives: foreign investment

GUYANA: Extraordinary People – Rohan Kanhai and Jock Campbell – By Ian McDonald

Such men as these walk onto a field of play, or enter a room, and their life-force brings everyone to silence and attention – these were two men who in their very different ways set my mind alight.

ROHAN KANHAI

● The cover driving came from the same place as a Carter poem or an Aubrey Williams vision of an ancient land. His batting represented for me a very good reason why sport is as important as art. I remember my first sight of Rohan Kanhai batting at Bourda in 1956. I wrote that night to my father in Trinidad that I had just been witness to a wonder, the best batsman in the world.    Continue reading

GUYANA: Exxon’s “enormous pressure” on government; good local content and taxi drivers – By GHK Lall

OIL – EXXON-MOBIL – PAYARA

The Vice President opened his mouth and showed that he is not up to the job of dealing in the big leagues with the big boys. He laments about “enormous pressure” from Exxon to justify his government’s abject failure to seize the moment and rearrange this country’s prospects from greedy Exxon. He kowtowed embarrassingly with that limp one of getting more for Payara.

To the Hon. Vice President, I say this: it is nothing, not near what it should be. Again, I say this to the VP and Guyana, Exxon is a wounded giant, flopping around and hanging on to Guyana for dear life; it is beached on Guyana’s shores, and any swift kick to the behinds of its rapacious leaders will make them rear up in alarm.        Continue reading

OPINION: Guyana: All oil today – all disturbing – By GHK Lall

Kaieteur News – Something rare is done in this space: I focus on recent oil developments and emphasize what disturbs. Gas-to-shore project is the first, local content second, and third is, who really is for the Guyanese people. Should the latter be found, I could use the enlightenment.

A Tuesday news item in KN noted Guyana’s Natural Resources Minister sharing that ExxonMobil is readying to conduct studies on a likely gas-to-shore project here. I would have been surprised if the company was not doing so, not engaging in some preliminary undertaking as to the significance for its prospects.      Continue reading

GUYANA: President Ali; VP Jagdeo discuss Berbice deepwater port with CGX; investors

President Irfaan Ali (right) and Vice President Bharrat Jagdeo.

 Mar 19, 2021 – Kaieteur News – The construction of a deep-water harbour in Berbice is currently engaging the attention of Head of State, President, Irfaan Ali, Vice President, Bharrat Jagdeo, and Canadian oil company, CGX Guyana, along with investors.

This is according to Minister within the Ministry of Public Works with responsibility for the Energy Sector, Deodat Indar, in a live broadcast interview on Monday, facilitated by Globespan24X7.  Continue reading

OPINION: Healing Guyana’s Socio-Political and Economic Ills – Part 2 of 2

 Written by Wilberne Persaudwiredja.com

 MIAMI,  Florida, March 10, 2021 – Guyana’s 78.3 thousand population occupies a land mass of 83,000 sq ml, compared to Singapore’s 279.6 sq ml with 5.7 million population and England’s 50,301 sq ml with population 56.3 million.

Respectively, 2019 GDP numbers in current US dollars are: $5.1 billion; $372 billion and $2.8 trillion.* Consider the charts below. Singapore almost disappears in the size category. Guyana actually does in GDP (income) category — too small for scale!        Continue reading

Guyana boasts of collecting billions in oil money but no evidence to back it – US Financial Analyst

ExxonMobil slashes global spending, production to focus on Guyana’s Stabroek Block

Kaieteur News – ExxonMobil has slashed its global oil and gas production from its operations globally to 3.7 million barrels per day in stark contrast to its push to ramp up production in Guyana.
This would lead to Guyana accounting for a quarter of ExxonMobil’s total daily global production, which is being ramped up in the Stabroek Block, projected at 750,000 barrels per day in five years time.

ExxonMobil CEO, Darren Woods

These disclosures were had during its Investor Day Conference on Wednesday last, when Chief Executive Officer, Darren Woods, announced too that ExxonMobil has taken a decision to further slash its capital expenditure globally—a stark contrast to its increased expenditure in the Guyana Stabroek Block.      Continue reading

Why has England and the UK succeed so much in its history? – Opinion

Honorary President and founder at Comité Bastille, a Think Tank on Tax Reform. (2006–present)

There are many reasons, but all of them were the consequence of three basic reasons without which England could have become a bigger Denmark, a respectable European nation but nothing else:

  1. England is on an island of the right size, right climate and fertile soil to become home of a significant population. Japan is in a similar situation, but with the handicap of earthquakes. Both went through many wars and problems before they got united but they did it.       Continue reading

OIL: ExxonMobil and partners unveil GYD$20 billion Guyana development project

ExxonMobil and its partners, CNOCC/Nexen and Hess Corp, on Tuesday announced a GYD$20 billion development plan titled  “The Greater Guyana Initiative”, saying that the money would not  have to be recovered.

“I want to be clear that these initiative will be fully funded by the Stabroek Block co-venturers and will not be part of the cost recovery process,” said President of ExxonMobil Guyana, Alistair Routledge at the virtual launch of the project.

Vice President Bharrat Jagdeo on Tuesday February 09, reiterated that Guyana does not have to repay monies spent by the co-venturers on social responsibility projects based on their own initiative.        Continue reading

China and the US and a new world order — By David Jessop

— By David Jessop –   February 2, 2021

A few days ago, China’s President, Xi Jinping, addressed the opening of this year’s Davos World Economic Forum. His remarks imply that China is positioning itself to be the voice for a new multilateral world order.

The full text warrants careful reading. It suggests that Beijing believes it has achieved global equivalence to the US and as its economy and influence grows stronger, it intends playing a much broader, higher profile leadership role in every aspect of international relations.

Underreported in the West, President Xi’s words, delivered virtually, have significant implications.            Continue reading