Category Archives: Oil Exploration

Guyana Politics: The sub-text we are witnessing is our Ethnic Dynamics – Dr. David Hinds 

Burnham’s Exclusive Economic Zone (EEZ) Foresight led to Guyana having oil offshore

The Venezuela’s political crisis will change the Caribbean region – By Hudson George

Whatever the outcome of Venezuela’s political crisis, the Caribbean region will not be the same again

By Hudson George of Grenada – Commentary

Whatever the outcome of Venezuela’s political crisis, the Caribbean region will not be the same again. If the Nicolas Maduro government survives, or if the US-backed interim leader Juan Guaido is installed by US military invasion, the region will become infested with foreign military presence for a very long time because the conflict is all about who should controls the largest oil deposit resources in the world.       

All the talk about democracy and who is a dictator and who will restore democracy is just a joke. There is no proper democracy in those OPEC oil-rich countries. The majority of governments are dictatorships and there are no future plans ahead to create any forms of functioning healthy democracy in the future.         Continue reading

ExxonMobil announces two more discoveries offshore Guyana

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ExxonMobil said today that it had made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12.

A release from its Irving, Texas office said that the discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block.      Continue reading

Is Guyana in control of its ‘Oil Dorado’? – Commentary by Phil Miller

Stabroek News  – 29 January 2019

Commentary on the following presentation in London. UK

OIL DORADO? – Featuring Dr. Mark Bynoe- In Conversation with John Mair and Sally Gibson – London UK – 24 January 2019

By Phil Miller

Phil Miller is a British investigative journalist based in London. He works as a reporter for the Morning Star newspaper and writes freelance for other publications. You can follow his work at http://www.PhilMiller.info

Guyana’s High Commission in London threw open its doors on Thursday night to tell investors about the country’s newly discovered oilfields. Tellingly, the event was dubbed “Oil Dorado”. British companies Tullow Oil and Stena Drilling are already involved in Guyana’s energy industry, along with US giant Exxon and others. The head of Guyana’s energy department, Dr .Mark Bynoe, spoke to the event via Skype. He said Guyana was “open for business” and could become one of the world’s top 10 oil producers.              Continue reading

Racial division as great a threat to Guyana as Venezuelan aggression – CSIS Senior Associate

Evan Ellis

“Perhaps the greatest danger for Guyana is that the present domestic political turmoil escalates to decimate what remains of goodwill between ethnic groups, and their faith in whatever government emerges from the present crisis, to fairly and effectively use the new oil wealth to advance national development.” – Evan Ellis

By Abena Rockcliffe-Campbell

Could a major crisis be upon Guyana soon?
Citizens are eagerly awaiting word on whether General and Regional Elections may be held in less than three months; there is deep political divide; the country is unprepared for oil production in 2020 and Venezuela is flexing its muscles from time to time as it continues to claim a huge portion of Guyana’s territory.              Continue reading

Venezuela’s remapping will be under close watch – Foreign Affairs Minister

 Jan 13, 2019 – Kaieteur News

Venezuela to remap offshore oil, escalating tension with Guyana

Venezuela to remap offshore oil, escalating tension with Guyana

BLOOMBERG – Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said.              Continue reading

Guyana at Risk: Ethnic Politics, Oil, Venezuelan Opportunism – by Evan Ellis | Global Americans

Guyana at Risk: Ethnic Politics, Oil, Venezuelan Opportunism and Why it Should Matter to Washington

Evan Ellis | Global Americans

On Friday, December 21st, as attention in Washington, D.C. shifted from the fight over the border wall and impending government shutdown to last-minute Christmas shopping, the government of Guyana, one of Latin America’s most overlooked strategically important countries, imploded.

Charrandas Persaud, a member of parliament (MP) with the Alliance for Change (AFC), the small centrist partner in the governing coalition, voted against his own party’s leadership in a no-confidence motion. This broke the government’s fragile 33-32 majority in the 65 seat National Assembly, setting the clock running for new national elections within 90 days.

Persaud’s defection set in motion far more than fresh elections and a likely change in government.                Continue reading

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