Tag Archives: economy

ExxonMobil updates on oil exploration, local jobs and content at GIPEX 2019

ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses; gov’t crafting Guyana local content policy

ExxonMobil’s Senior Vice President Hunter Farris

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana.

Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX-2019) at the Marriott Hotel, ExxonMobil’s Senior Vice President of Upstream Oil & Gas Company, Hunter Farris said so far more than 1,700 Guyanese or 50 percent of the 3,400 people in Guyana have worked in his company’s exploration and project activities directly.      Continue reading

Guyana can learn global oil industry standards from TT– Energy Chamber of Trinidad Tobago assures

  —“No, Trinidadian companies are not coming to take over”; 

ECTT CEO, Dr Thackwray Driver

The Energy Chamber of Trinidad and Tobago (ECTT) on Wednesday sought to dispel concerns that businesses from that twin-island Caribbean Community (CARICOM) member state are coming to Guyana to dominate the oil sector, instead saying that they are grasping business opportunities hinged on 100 years of experience and international safety standards.

ECTT Chief Executive Officer, Dr Thackwray Driver rubbished claims by sections of Guyana’s business community that Trinidadians are coming here in droves to take over the oil sector.    Continue reading

OPINION: Five years to real oil prosperity in Guyana could be an eternity – by GHK Lall

  by GHK Lall
Five years to 2025, according to the Hon. Minister of Finance. That is how long before the oil money would start coming in, the real meaningful money. The money that, if honestly and wisely (prudent is the word) used, could make a world of difference for Guyanese. Every single citizen. I can only agree with anyone, who harbors such a vision, and who then removes all obstacles that may prevent that from being reality. Remember: every citizen. Some cautions first.

Continue reading

“APNU is not against cash grants” from oil revenues but more information needed – Granger

— WPA ready to negotiate modified proposal

President David Granger

President David Granger on Wednesday sought to dispel concerns that he is opposed to direct cash transfer of some oil revenues to Guyanese, even as the Working People’s Alliance (WPA) signaled that it was ready to modify its proposal with other political parties in A Partnership for National Unity (APNU) whenever those talks begin.

“There has been a lot of speculation and we ask that people put figures to their intention before we make any public discussion but the APNU is not against cash grants. It needs to know more so it can make a proper announcement to the people of Guyana,” the President said.              Continue reading

Guyana Politics: PPP virtually endorses WPA’s cash transfers to poor: Hinds warns APNU of losing votes

Oil rig

The opposition People’s Progressive Party (PPP) on Thursday virtually endorsed the Working People’s Alliance’s (WPA) proposal of direct cash transfer of some projected oil revenues, but preferring to target the poor and needy instead of all just over 200,000 households across Guyana.

“In fact, in our manifesto, we are going to be talking about conditional transfers, targeted transfers to vulnerable groups right at the beginning. We have to help single parents, we have to help children, we have to help the older people first and as our capacity grows and we get more money – we constantly have to see that it’s sustainable though.          Continue reading

OPINION: Elections now is a road to hell; still opportunity for reason to prevail – By GHK Lall

–By GHK Lall –  Demerara Waves – September 19, 2019

Elections now! It is clearly an insistence that promises to drag this society from the dark gutter to a deep grave. I believe that the hard, clashing visions and passions are so heated, with matters ever poised at a dangerous pitch, that the clamors are unwise. I hold this position, and it is mine only, regardless of the source of the calls for elections at all costs, and in the soonest time; whether such source is local or a broad-based and pivotal foreign one.

I submit that should there be movement on something resembling elections now, then Guyana would go from comedy to circus to crisis. In terms of the latter, it would be an existential one. What say any Constitution then? What would be the credibility and acceptability of any such elections from any loser? I inquire calmly and politely also: what would be the extent, reach, and effectiveness of any winner?          Continue reading

Exxon-Mobil: First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday.

The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”.

After clearing customs, the vessel will be moored to the seabed (known as spread mooring) in preparation for production, storage and offloading of Guyana’s oil.          Continue reading

OIL: Greenidge, WPA executive members clash on direct cash transfers; AFC supports it

David Hinds (left) and Carl Greenidge.

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

Barbados wants to rear Blackbelly sheep in Guyana, Suriname

Barbados Blackbelly Sheep

Government is exploring the possibility of rearing Barbados Blackbelly sheep in CARICOM’s two largest member states, Suriname and Guyana, as top civil servants prepare for a mission to South America next week.

Paramaribo and Georgetown have offered land to Barbadian farmers for sheep rearing, said Minister of Agriculture and Food Security Indar Weir.

“We are sending out a team now to look at Suriname and then Guyana to make sure we have a suitable arrangement and type of land that we can raise the blackbelly sheep in Suriname and possibly Guyana.        Continue reading

Guyana – OIL: First Lady commissions ExxonMobil’s first FPSO for Guyana

First Lady Sandra Granger on Saturday 23rd June 2019, commissioned the ‘Liza Destiny’, the first in a series of Floating Production Storage and Offloading (FPSO) vessels for ExxonMobil Guyana at the Keppel Shipyard in Singapore.

The vessel will depart Singapore in July and is expected to arrive in Guyana in September to prepare for the commencement of oil production for the Liza Phase 1 project in the Stabroek Block by the first quarter of 2020.

Mrs. Granger was accompanied by Director of the Department of Energy, Dr. Mark Bynoe.    Continue reading

%d bloggers like this: