-
Blog Stats
- 7,999,702 hits
-
Search Blog Entries
-
Pages
-
Top Posts
- USA: New York: Tragedy in Little Guyana - By: Dhanpaul Narine
- GUYANA: Short Stories: Scouting: Red Water Creek - Atkinson Field - By Geoff Burrowes
- GUYANA: Sod turned for US$300M Vreed-en-Hoop shore base facility (VEHSI)
- GUYANA: Place Names Along Guyana's Roads - All Regions
- USA: How the US could lose the new Cold War - By Joseph E. Stiglitz
- CRICKET: Tournament Ambassador Gayle to focus on The 6IXTY in CPL 2022
- GUYANA- USA: CIMBUX 31st Anniversary Souse Party - Lanham MD. USA - July 2, 2022
- CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- CANADA: CARICOM Cultural Art Exhibition - Ottawa ON. Canada - July 16-17. 2022
- GUYANA: Long-overdue US$106M Ogle to Eccles road to slash growing ECD traffic woes
-
Recent Posts
- USA: How the US could lose the new Cold War – By Joseph E. Stiglitz
- GUYANA: Long-overdue US$106M Ogle to Eccles road to slash growing ECD traffic woes
- USA: New York: Tragedy in Little Guyana – By: Dhanpaul Narine
- CRICKET: Tournament Ambassador Gayle to focus on The 6IXTY in CPL 2022
- CANADA: CARICOM Cultural Art Exhibition – Ottawa ON. Canada – July 16-17. 2022
- GUYANA- USA: CIMBUX 31st Anniversary Souse Party – Lanham MD. USA – July 2, 2022
- GUYANA: Energy Crisis: The time has come for CSME to play it s role – Letter by Eusi Kwayana
- GUYANA: Short Stories: Scouting: Red Water Creek – Atkinson Field – By Geoff Burrowes
- RUSSIA-UKRAINE WAR: G7 face battle for unity as cost of Ukraine war mounts
- CLIMATE CHANGE: Visualizing the Impact of Rising Sea Levels — by Country
- FINANCE: Dollar Dominance: Russia, China Set to Develop New Reserve Currency
- GUYANA: Commonwealth backs judicial process to end Guyana/Venezuela border controversy
- BARBADOS-IMF: New instrument to help build economic and climate change resilience
- CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- GUYANA: Place Names Along Guyana’s Roads – All Regions
- EDUCATION: Latin America and Caribbean students adversely affected by COVID-19
- GUYANA: Sod turned for US$300M Vreed-en-Hoop shore base facility (VEHSI)
- USA: Gun makers exploit vulnerable youths to market their deadly wares – By Mohamed Hamaludin
- GUYANA: Heavy rainfall floods Hinterland Communities once again
- USA: Col. Richard Black: U.S. Leading World to Nuclear War – Video
-
Recent Comments
- dhanpaul narine on GUYANA: Short Stories: Scouting: Red Water Creek – Atkinson Field – By Geoff Burrowes
- Andre Brandli on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- wally n on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- theonly on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- Andre Brandli on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- theonly on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- Age on CLIMATE CHANGE: Visualizing the Impact of Rising Sea Levels — by Country
- Age on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- Dennis Albert on CANADA: The Economist Global Livability Index 2022: Three places in Top10 Countries
- Peggy on GUYANA: Place Names Along Guyana’s Roads – All Regions
- Dennis Albert on GUYANA: Sod turned for US$300M Vreed-en-Hoop shore base facility (VEHSI)
- Neville Henry (Singh) on 180 Years of Indians in Guyana (1838-2018) – Commemorative Release of eMagazine
- Dennis Albert on AFRICA: Why France faces so much anger in West Africa – “Neo-colonial arrogance” – BBC News
- Dennis Albert on GUYANA: ‘Nothing new from Vice News’ …says Glenn Lall
- Emily on CANADA: Toronto Police Chief apologizes for years of systemic racism on the force
-
Categories
-
Monthly Blog Posts
-
Affiliated Partner Links
-
Caribbean News Links
-
Cricket Websites
-
Guyana - History
-
Guyana - Other Links
-
Guyana Government
-
Guyana News Links
-
Other News Links
-
Guyanese Online
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
Share this:
Like this: