Category Archives: Oil Exploration

US Ambassador Holloway’s ‘doom and gloom’ comment regarding Guyana’s oil wealth

December 11, 2018 – 6:31 pm

Mr. Holloway: ’Stop the doom and gloom” … appreciate the benefits of Guyana’s oil wealth

Stabroek News – Editorial – 11 December 2018

Perry Holloway

There are times when it takes an opinion that is detached from what, all too often, is our rumbustious political culture to voice truths about important national issues, we ourselves being too immersed in our prejudices to muster the honesty to speak objectively.

Outgoing United States Ambassador to Guyana Perry Holloway is harnessed  by  no such prejudices so that the last week’s ‘doom and gloom’ remark in his assessment of the chatter on the subject of what is now assumed to be Guyana’s imminent ‘oil fortune’ comes as no surprise.               Continue reading →

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

December 6, 2018 – 1:51 am

OIL DORADO?

GUYANA’S FUTURE IN OIL.

For Sir Walter Raleigh in 1595, it was yellow Today it is black  gold: oil. Guyana is the new Klondike. Five Billion barrels of oil ($300b US  worth) have been discovered offshore by Exxon and other international oil companies. This is Exxon’s biggest find in a decade…. More is being found all the time. Oil comes ashore in 2020 and should transform Guyana. Should?

Will it turn  El Dorado to Oil Dorado?

Find out the facts about OIL DORADO from the man who knows…the oil supremo

DR MARK BYNOE   Director, Department of Energy, Ministry of the Presidency Guyana,

Live by Skype from Georgetown.

In Conversation with John Mair and Sally Gibson

THURSDAY 24TH JANUARY 2019 @ 18.30 SHARP

£10 ENTRY ON THE DOOR TO INCLUDE FOOD AND DRINK.

LOCATION

  • Guyana High Commission
  • Bayswater Road
  • London
  • W2 4LP
  • United Kingdom          View Map

Book via Eventbrite. https://www.eventbrite.com/e/oil-doradoguyanas-future-in-oil-tickets-53255581879

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ExxonMobil makes 10th oil discovery offshore Guyana

December 3, 2018 – 2:15 pm

– oil reserves now over five billion barrels

The Noble Tom Madden

Director, Department of Energy, Dr. Mark Bynoe this morning announced that US oil company ExxonMobil has made its 10th discovery offshore Guyana at the Pluma-1 well.

A release from the Ministry of the Presidency said that this latest discovery has increased the estimated recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.

“This is great news for Guyana…the country is on the cusp of transformational development for current and future generations and the news of ExxonMobil’s 10th discovery offshore Guyana is expected to facilitate the country’s realisation of substantial social and economic improvements,” Dr. Bynoe said.     Continue reading →

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Who will be the world’s largest oil producing country – per person – in the 2020s? – commentary

October 12, 2018 – 1:02 am

Exxon-Mobil- Exploration Rig

………..  that honour will belong to the South American nation of Guyana

Kuwait perhaps, with three million barrels per day and a population just over four million? Saudi Arabia or, looking further afield, Brunei or Norway? No, that honour will belong to the South American nation of Guyana, which could well be sharing output of 700,000 barrels per day among just 770,000 people.

Although adjacent to Venezuela, Guyana has been better known for sugarcane, and cricketers such as Clive Lloyd, Lance Gibbs and Shivnarine Chanderpaul, than oil. But after first striking oil at Liza in 2015, ExxonMobil and partners Hess and China National Offshore Oil Corporation have made nine major discoveries in deep offshore waters, with production due to start in 2020.      Continue reading →

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New York: Town hall meeting answers urgent questions relating to Guyana

October 11, 2018 – 6:56 am

By Tangerine Clarke

A\t the head table, Director General in the Min. of Foreign Affairs, Audrey Waddle, VP and Min. of Foreign Affairs, Carl Greenidge, Ambassador Rudolph M. Ten-Pow, and Consul General to New York, Barbara Atherly, during the town hall meeting.

Sept. 29, town hall meeting at York College, was clearly a success, since many pressing questions were answered by Guyana’s VP and Minister of Foreign Affairs, Carl Greenidge, who, after issuing his statement to the United Nations 73rd GA, and a hectic week of bilateral meetings, addressed topics that included the Guyana territorial controversy, Guyana’s oil and gas sector, migration, charitable donation red-tape, and the disbursement of oil revenue to poor citizens.         Continue reading →

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OIL: Guyana’s surprise potential wealth —, but where is the master plan? – By Ray Chickrie

October 7, 2018 – 5:36 pm

Guyana’s surprise arrival, but where is the master plan?

Guyana is one of the poorest countries in the Caribbean Community (CARICOM) and many of its citizens fled to Suriname, Trinidad, Barbados, the United States, Canada, the United Kingdom or elsewhere to escape wretched poverty and repugnant violence. However, with the recent mega oil and gas discoveries offshore, Guyana is set to produce over one million barrels of oil daily.

Strangely, after three years of this development, the politicians, civil society, government (coalition) or the opposition haven’t put out a “Dubai Plan” for Guyana so as to inform citizens of exactly how the billions of US oil dollars are going to be spent.    Continue reading →

By guyaneseonline | Also posted in Commentary, finance and trade, Government, Guyana, Personalities | Tagged , | Comments (10)

That Trinidad energy agreement: A major opportunity for Guyana – By Leonard Gildarie

September 23, 2018 – 9:30 am

Leonard Gildarie

 – By Leonard Gildarie

This past week Guyana signed a Memorandum of Understanding, with Trinidad and Tobago, opening a number of ways that that neighbouring Twin Island Republic can work with Guyana on developing the oil and gas industry.

There are criticisms and we will come to that.

This agreement, a non-binding one, is a golden opportunity for Guyana.

We have spoken about this before.

Trinidad has years and years of experience. They had managed to get some things right but a lot that went wrong too during their 100-plus years of experience in oil and gas. We can learn from them.          Continue reading →

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TRINIDAD OIL IN DECLINE – By Bert Wilkinson – Caribbean Life News

September 23, 2018 – 9:19 am

TRINIDAD OIL IN DECLINE

Trinidad

– By Bert Wilkinson – Caribbean Life News NY – September 20, 2018

Trinidad’s Prime Minister Keith Rowley flew to Guyana for two days at mid-week with official pronouncements indicating the two will sign a pact relating to energy, agriculture and other issues but speculation was rife that the visitors might well make a pitch to refine some of Guyana’s oil there, thereby preventing a large and lifeline refinery from closing in Trinidad.

Rowley and Guyana’s President David Granger signed the memorandum of understanding at midday on Wednesday as controversy swirled in Trinidad over the impending closure of the Petrotrin Refinery in South Trinidad and the loss of jobs of more than 4,000 workers. Original figures had put the job losses level at about 2,000 but cabinet ministers and top Petrotrin officials are now admitting that the final figure will double original estimates.    Continue reading →

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Guyana, Trinidad sign Energy Agreement- President Granger: “There is no sell-out here”

September 20, 2018 – 1:05 am

Guyana, Trinidad sign Energy Agreement-Granger:There is no sell-out here– Rowley: We need to stop talking and start doing – T&T may store oil; maintain and help develop related facilities

 Sep 20, 2018  Kaieteur News

President Granger and PM Rowley of Trinidad

Photo: President David Granger and Prime Minister of Trinidad and Tobago,
Dr. Keith Rowley, during the press conference shortly after signing a
Memorandum of Understanding on the Energy Sector Cooperation.

President David Granger yesterday insisted that an Energy Agreement with Trinidad and Tobago (T&T), a sister CARICOM state, is no sell-out.

The Head of State gave this assurance at State House, shortly after the signing of the Memorandum of Understanding on the Energy Cooperation between the two states.
T&T’s Prime Minister, Dr. Keith Rowley is leading a two-day visit here.             Continue reading →

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China foreign minister to visit Guyana and Suriname on September 21-22. 2018

September 18, 2018 – 6:55 am
Chinese Foreign Minister, Wang Yi. Photo: Wikimedia

By Ray Chickrie
Caribbean News Now contributor – 17 September 2018

GEORGETOWN, Guyana — Georgetown is once again re-emerging as the diplomatic capital of the Caribbean Community (CARICOM) and will welcome a high level visit from the foreign minister of China, Wang Yi and a large delegation to Guyana this weekend, September 21-22.

Wang Yi will also pay a visit to neighbouring Suriname, where a large Chinese diaspora exists.                 Continue reading →

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