Aug 19, 2019 News – By Kiana Wilburg
The Jethro-1 discovery that was made on the Orinduik Block last week by Tullow Oil and its partners is enormous enough to be a standalone production well. This was recently noted by Chief Executive Officer (CEO) of Eco Atlantic, Gil Holzman during an interview with Proactive Investors, a leading international source of financial analysis and share price data.
Holzman noted that the quality and porosity of the Jethro sandstone certainly boasts the confidence of investors as it is soaked entirely in oil. Further to this, Holzman said that the discovery gives the technical team more confidence about the channel that leads from Jehtro which appears to be large too. Continue reading →
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- Russia says Essequibo island base is aimed to destabilise Venezuela
By: Denis Chabrol in Demerara Waves – August 16, 2019
Several Essequibo Islands
Guyana and Britain on Friday rubbished Russia’s claim that a British military base was being constructed on one of the Essequibo islands to train Venezuelan refugees to destabilise the Nicolás Maduro-led government.
The Foreign Ministry here called on Russia to withdraw the statement by Russian Foreign Ministry spokesperson Maria Vladimirovna Zakharova, during a briefing on Thursday on the sidelines of the international youth educational forum “Eurasia Global” in the Russian city of Orenburg. Continue reading →
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By guyaneseonline
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Also posted in Geography, Government, Guyana, History, Military, Personalities, Politics
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Tagged Foreign Affairs, Guyana and Britain deny Russia claim of military base construction in Essequibo, News, politics, security
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Aug 14, 2019 News
Bloomberg, one of the world’s leading news platforms, has turned its spotlight once again on Guyana’s oil sector. This time, its focus was primarily on the nation’s preparedness to receive and efficiently manage the billions of oil revenue to flow from the ExxonMobil –led Stabroek Block.
The international news site stated that Guyana is “unprepared for what’s coming.”
Bloomberg noted that while Guyana is mere months away from first oil, its petroleum laws remain outdated, the Energy Department is underfunded, new and relevant laws have not been established, a regulatory body to oversee production is virtually nonexistent, and while a Natural Resource Fund was established to save as much as $5B in revenue per year by 2025, the government is still to put forward a plan on how it will use those funds. Continue reading →
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David Hinds (left) and Carl Greenidge.
Posted by: Denis Chabrol in Demerara Waves – August 12, 2019
Former Foreign Minister Carl Greenidge has confirmed that the Guyana government does not favour direct cash transfers into the hands of ordinary Guyanese on the grounds that it will encourage unemployment, a position that was roundly rejected by Chairman of the Buxton First of August Movement (FAM-Buxton), Professor David Hinds. Continue reading →
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By guyaneseonline
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Also posted in Economics/Finance, Education, Local Government, Personalities, Philosophy, Politics
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Tagged Business, economy, Guyanese Online, News, Oil & Gas, OIL: Greenidge, politics, Race and Politics, social, Tacuma Ogunseye, WPA executive members clash on direct cash transfers
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– Discovery increases share price by 20%
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Aug 13, 2019 News – By Kiana Wilburg
One of the United Kingdom’s leading exploration and production companies, Tullow Oil, has finally struck black gold in the Orinduik Block. In fact, Tullow’s Chief Executive, Paul McDade noted the discovery was made at the Jethro-1 well which could hold more than 100 million barrels of recoverable oil.
According to a Reuters news article, Tullow is also smiling from ear to ear as its share price jumped by 20 percent yesterday following the discovery. Continue reading →
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Aug 06, 2019 Features / Columnists, By Freddie Kissoon
I was truly disgusted to the core of my soul when I read the commentary that Guyana should be careful in allowing in people from other countries. This was in reference to poorer souls from our neighbouring countries looking for life’s happiness for themselves and their families.
My disgust was combined with anger when I read the negative sentiments that they are coming to take “our economic greatness” and since they do not speak English and are not from our culture, they will contaminate it.
My vehement and emotional objection was two-fold. Such perverse thoughts should never come from the pen and lips of a Guyanese. First, we are a wandering people, journeying to all parts of the world in search of that very happiness. We have taken winged impulse since the fifties. PNC government or PPP government, the journey has never stopped. A Guyanese should never frown on poorer souls coming to this country to start a better life. Continue reading →
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Jul 18, 2019 News – By Kiana Wilburg
Hess Corporation which holds a 30 percent stake in the Stabroek Block believes that its shareholders and industry stakeholders are yet to see the full potential of the world-class offshore concession.
Hess CEO, John Hess
In fact, the firm’s Chief Executive Officer (CEO), John Hess, recently noted that the estimate of 5.5B barrels of oil equivalent reserves is on the low side.
Speaking at the Bernstein 35th Annual Strategic Decisions Conference that was held a few weeks ago in New York, Hess said that the 5.5B estimate really ties to 10 or 11 discoveries and not 12 or 13 which were made. Continue reading →
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OIL and GAS – featuring Dr Jan Mangal – Commentary By Dr Dhanpaul Narine
Dr. Jan Mangal
First Oil will find a Guyana that is divided right down the middle. After 53 years of independence, and various governments, the country is no closer to unity as many would like.
The mere mention of the words ‘general elections’ is good enough to harden attitudes and to send the racial groups into their respective camps to widen the divisions. Guyana is a country in which racism continues to cast its pernicious shadow over the body politic and no amount of sweet-talk from the politicians can paper over the deep divide.
READ MORE: OIL and Gas – featuring Dr. Jan Mangal
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I will donate to Haitians who want to settle in Guyana – By Freddie Kissoon
I was truly disgusted to the core of my soul when I read the commentary that Guyana should be careful in allowing in people from other countries. This was in reference to poorer souls from our neighbouring countries looking for life’s happiness for themselves and their families.
My disgust was combined with anger when I read the negative sentiments that they are coming to take “our economic greatness” and since they do not speak English and are not from our culture, they will contaminate it.
My vehement and emotional objection was two-fold. Such perverse thoughts should never come from the pen and lips of a Guyanese. First, we are a wandering people, journeying to all parts of the world in search of that very happiness. We have taken winged impulse since the fifties. PNC government or PPP government, the journey has never stopped. A Guyanese should never frown on poorer souls coming to this country to start a better life. Continue reading →
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