Tag Archives: French Guiana

The View from Europe: Oil, the environment and the Caribbean – By David Jessop

Earlier this month Exxon announced that that it had made a major new oil find off Guyana. It was, it said, the largest since it began exploration there in 2015. The company’s statement followed one last June advising of a ‘world-class discovery’ on another well, and before that, announcements about four other commercially exploitable finds.

What this and Exxon’s recent request to the Guyanese government for permission to drill up to 40 new wells after 2022 suggests, is that the country is about to become a major oil producer in the Western Hemisphere.      Continue reading

Guyana’s Indigenous Amerindian traditional conservation strategies

Guyana’s Indigenous Amerindian traditional conservation strategies may be shared with Guiana Shield

Darwin Initiative’s Project Leader, Dr. Jay Mistry

A British-funded three-year project to integrate Amerindian traditional knowledge into national environmental conservation policy and practice is likely to serve as a pilot project for the rest of the Guiana Shield while ensuring that Guyana achieves benchmarks of several international agreements.

The project is being undertaken by the Darwin Initiative, which was launched by Britain at the Rio Earth Summit in 1992, and is funded by the United Kingdom’s Department for Environment, Food and Rural Affairs, the Department for International Development and the Foreign Commonwealth Office.     Continue reading

The Panama Canal And The Caribbean – by David Jessop

The Panama Canal And The Caribbean – By David Jessop

canal-panama-1

The widened Panama Canal – in 2014 – will affect the Caribbean

News Americas, LONDON, England, Weds. April 4, 2012:   In two years time, significantly larger ships will be able to pass via an enlarged Panama Canal between the Pacific Ocean and the Caribbean Sea. Together with other infrastructural developments this is leading some Caribbean governments to hope that with the support of investors from outside the region, Panama’s development as a hub for the hemisphere could significantly improve the region’s economic prospects.

Although this idea needs to be treated with a degree of caution, not least because many Caribbean nations remain heavily indebted and remain at risk from any significant increase in energy and food prices, the Canal’s widening does suggest new opportunity for the region when taken together with other developments and the broadening interest being shown by large international investors.      Continue reading

Caribbean’s first gold refinery expected to earn billions for Suriname

Caribbean’s first gold refinery expected to earn billions for Suriname

Gold bars

Gold bars

Suriname produces an average of 40 tons of gold a year, but until now it has had no large scale refining capacity.

Suriname, Monday March 18, 2013 – The Government of Suriname has embarked on a joint venture with the Kaloti Group of Dubai to establish the first gold refinery in the Caribbean.

The refinery that is being built near the village of Wit Santi, close to the country’s International Airport, is expected to start operating by next year and produce as much as US$2.77 billion worth of refined gold.

On March 16,  President Desi Bouterse joined Kaloti Chairman Munir Kaloti in expressing high expectations of the facility.  The US$20 million plant should make Suriname into a “centre of excellence for the region’s gold and precious metals industry,” a joint release said.   Continue reading

750 Guyanese deported in 2012

750 Guyanese deported in 2012

JANUARY 7, 2013 · BY  ·  COMMENTS

The Police today said that 750 Guyanese were deported from various countries last year.

Delivering statistics on a variety of areas, the police said that during 2012, a total of 750 Guyanese nationals were deported from the United States of America, Canada, the United Kingdom, Trinidad, Barbados, French Guiana, Suriname, St. Maarten, Curacao, France, Antigua, Jamaica, Holland, Costa Rica, and Spain.           Continue reading

Second Inter-Guiana Cultural Fest to be held in Georgetown, Guyana.

Second Inter-Guiana Cultural Fest to be held in Georgetown, Guyana.

The Loneliness of the Guyanas

The Loneliness of the Guyanas

By FRANK JACOBS

The coming weekend might very well be an historic one for Franco-Brazilian relations. Nicolas Sarkozy will be in French Guiana to deliver his annual New Year’s address to France’s overseas territories, in which he is likely to announce the opening of the bridge across the Oyapock River, French Guiana’s border with Brazil.

When the 1,240-ft-long, cable-stayed construction is finally be open for business, it will do more than connect the towns of Saint-Georges-de-l’Oyapock and Oiapoque, on the French and Brazilian banks of the river, respectively. The bridge will establish the first road link between France and Brazil, not to mention the first overland connection between the European Union and the Americas [1]. Continue reading

Rigs to Riches: A lesson for Guyana’s future?

Rigs to Riches: A lesson for Guyana’s future?

What Guyana does with the revenues from oil (and gas) will be important to its short and medium-term social stability and its longer-term economic prospects.

By Sir Ronald Sanders

BRIDGETOWN, Barbados, Thursday September 22, 2011 – Rigs to riches is the story of Norway’s rise from one of Europe’s backwater countries in 1969 to its position as one of the richest nations in Europe today.  How it achieved that status in just over 40 years could be a lesson for Guyana which is now on the brink of major oil exploration, discovery and production.

The Canadian company, CGX Energy, has recently announced that it is seeking to raise US$80 million, most of which will be used to fund its drilling activities within Guyana’s territorial waters.

CGX’s confidence in the possibilities of the Guyana drilling arises from the announcement by oil companies Tullow Oil PLC and Royal Dutch Shell PLC that they have opened up a new hydrocarbon basin offshore French Guiana with the discovery of a good quality oil reservoir from their first wildcat well.

Angus McCoss, Tullow’s exploration director, said the discovery is a “major step” because the geological system offshore Latin America is bigger than that of offshore Ghana.  He added,”There are at least half a dozen more of these Zaedyus type traps adjacent.”    more