Tag Archives: Exxon-Mobil

Venezuela Invades Guyana to Block Exxon Mobil Oil Exploration – Frances Martel | Breitbart

Venezuela Invades Guyana’s Waters… By Frances Martel | Breitbart

The Venezuelan Navy illegally entered the waters of Guyana this weekend and forced a ship contracted by Exxon Mobil to conduct oil research in the area to vacate, claiming that Guyana’s permission to explore its sovereign territory was not enough for the ship to be legally present in the water.

The incident, which Guyanese authorities angrily denounced and vowed to bring to the attention of the United Nations, reignites a feud Venezuelan socialist dictator Nicolás Maduro began with the neighboring country in 2015, claiming as much as two-thirds of Guyana itself belonged to Venezuela.          Continue reading

Guyana’s proven oil reserves now 4 billion barrels; target now 750,000 barrels daily

Guyana’s proven oil-equivalent reserves now 4 billion barrels; revised production target now 750,000 barrels daily

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Monday it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases.

The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of the eighth discovery, Longtail, into the Turbot area evaluation and completion of the Pacora discovery evaluation. The previous recoverable resource estimate was 3.2 billion oil-equivalent barrels.       Continue reading

Guyanese Campaigners Mount Legal Challenge Against Three Oil Giants

Guyanese Campaigners Mount Legal Challenge Against Three Oil Giants – Exxon Mobil, Hess Corporation and Nexen

Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government

Sandra Laville | The Guardian UK

Three major oil companies preparing to drill off the shores of Guyana, where a string of discoveries have sparked a rush for crude, are being challenged by a group of citizens who say their dash for oil is illegal.    Continue reading

Guyana awaits oil dollars – By Bert Wilkinson

GUYANA AWAITS OIL DOLLARS

By Bert Wilkinson – Caribbean Life – August 19, 2016

Exxon-Mobil- Deep Water Champion Oil Exploration Rig

Exxon-Mobil- Deep Water Champion Oil Exploration Rig

Last week, Guyana’s main opposition party accused government of doing very little to get key infrastructural projects going and spur employment, suggesting that the administration is hedging all its bets on the massive oil and gas find off the coast.

This is despite the fact that U.S.-owned Exxon Mobil which first declared that it had found a humongous oil well at a location 150 miles offshore, will not likely pump the first barrel of oil before 2020.

As the days went by government has not done very much by way of answering the opposition charges but a chat with anyone connected with the country’s newest cash cow sector will realize there are frenetic preparations in the run up to 2020.   Continue reading

Guyana wants Exxon-Mobil to front-load some oil profits for major projects

Guyana wants Exxon-Mobil to front-load some oil profits for major projects

Thursday, 26 November 2015 – Demerara Waves- Written by 

The area offshore Essequibo where Exxon-Mobil found a huge deposit of oil earlier this year.

The area offshore Essequibo where Exxon-Mobil found a huge deposit of oil earlier this year.

Guyana plans to ask American oil-giant, Exxon-Mobil, for a huge chunk of profits ahead of commercial production to fund several major projects including a road to Brazil, says Minister of Governance Raphael Trotman.    Continue reading

GUYANA – CAPITOL TV NEWS VIDEOS – 16 October 2015

Capitol TV logoGUYANA – CAPITOL TV NEWS VIDEOS – 16 October 2015

  • Exxon-Mobil – Moving ahead
  • Child protection focus
  • Guyana Army restructuring
  • US support promised
  • Chief Magistrate Confirmed
  • Taxi-cab drivers Injured
  • Sports

Click links below to view the TV News videos:- Continue reading

Guyana: Capitol TV News Videos – 20 May 2015

Capitol TV logoGuyana: Capitol TV News Videos – 20 May 2015

  • Granger appoints Prime Minister, 15 ministers
  • Exxon Mobil announces “significant” oil discovery
  • Nagamootoo to oversee information sector, and lead constitutional reform
  • New Finance Minister gets down to budget preparation
  • Georgetown clean up continues
  • Granger aims to create bribe-free public sector
  • Sports

Click links below to view the TV News videos:   Continue reading

PPP says international community sold elections for oil – Dr. Leslie Ramsammy

PPP says international community sold elections for oil

18 May 2015 20:33 –  Written by Zena Henry –   –  Comments

PPP says international community sold elections for oil

Expressing his non-acceptance of the 2015 results, Ramsammy on his Facebook page claimed that the “ Guyana Elections Commission (GECOM) and the International Observers seemed more concerned about expediency of an early release of results than ensuring the integrity of the elections and securing the democratic rights of citizens.” Continue reading

Guyana Elections 2015: APNU+AFC promises to set up Special Fund for natural resources

Opposition coalition promises to set up Special Fund for natural resources

Sunday, 10 May 2015 01:01 – Written by  Denis Scott Chabrol – Demerara Waves

A section of the APNU+AFC's attendees at the coalition's rally.

A section of the APNU+AFC’s attendees at the coalition’s rally.. … Click to Enlarge

Just days after authorities announced that Exxon-Mobil, an American oil giant has found hydrocarbons offshore Guyana but was yet to determine if it was in commercial quantities, the leader of the opposition coalition, David Granger announced that if he wins next Monday’s General Elections government would stash away some of the earnings from the natural resources sector for future generations.

“I am talking about putting the profits coming out of gold and diamonds, coming out of timber and coming out of petroleum and any other mineral discovered in this country but the profits will go into a Sovereign Wealth Fund to benefit future generations,” Granger told a mammoth gathering at a rally held  at the Square of the Revolution by A Partnership for National Unity+ Alliance For Change (APNU+ AFC)Continue reading

Guyana: Capitol TV News Videos- 13 March 2015

Guyana: Capitol TV News Videos- 13 March 2015

  • Crum-Ewing was shot three to head- Post Mortem
  • Crum-Ewing mother cries for justice
  • I’m a game changer – Granger
  • Venezuelan says Exxon Mobil operating in its territory
  • Venezuela rice deal will not end crisis in the industry – Action Committee
  • Ramotar wants end to corruption in Police Force
  • A look at the Courts
  • Sports

Click links below to view the TV News videos:

Crum-Ewing was shot three to head- Post Mortem

Posted: 13 Mar 2015 05:09 PM PDT     Continue reading

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