Tag Archives: Sovereign Wealth Fund (SWF)

Guyana ties the knot with ExxonMobil – By Rosaliene Bacchus

Three Worlds One Vision

ExxonMobil Country Manager receives Production License from Guyana Minister of Natural Resources - 15 June 2017

ExxonMobil Country Manager Rod Henson receives Production License
from Minister of Natural Resources Raphael Trotman
Georgetown – Guyana – June 15, 2017
Photo Credit: Guyana Ministry of Natural Resources

On June 15, 2017, Guyana tied the knot with ExxonMobil with the signing of a production license for the extraction of oil and natural gas, located offshore the Caribbean/South American nation with a population of 800,000 people. With this license, together with the Environmental Permit granted on June 1st, ExxonMobil will proceed with the Liza Phase 1 development. Located 120 miles offshore in an area known as the Stabroek Block, the Liza field development includes a subsea production system and a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day. Exxon and its partners plan to begin production by 2020.

ExxonMobil’s press release on June 16th states: “Phase 1 is expected to…

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Guyana Elections 2015: Children of Guyana’s founding fathers endorse APNU+ AFC coalition

Children of Guyana’s founding fathers endorse APNU+ AFC coalition

Forbes Burnham's daughter, Ulele, and Dr.Cheddi 'Joey'Jagan.

Forbes Burnham’s daughter, Ulele, and Dr.Cheddi ‘Joey’ Jagan… Click to Enlarge

Demerara Waves – May 9,2015 – by Zena Henry

With mere hours to go before National and Regional elections 2015, the A Partnership for National Unity +Alliance for Change (APNU+AFC) Coalition held its last lap rally Saturday May 9, with a massive turnout of several thousands to devour the Square of the Revolution and its immediate environs.

The Coalition’s theme of “change” to usher in a new era in the country’s political dynamic is the force that party leaders and those who have endorsed it urged Guyanese to drive them into removing the People’s Progressive Party (PPP) which has ruled the country for some 23 years.  Continue reading

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