Via the New York Times, a look at how Exxon Mobil found a coveted growth engine in Guyana. Now it must navigate Guyana’s fractious politics and a territorial dispute with Venezuela. An hour by helicopter from Guyana’s capital, Exxon Mobil’s deepwater production hub in the churning Atlantic Ocean reflects the scale of the company’s wager […]
Read more »Via Business Insider, an article on how Guyana’s economic growth estimates of 25%-30% a year are ‘very conservative’ amid oil production boom, President Ali says: Estimates that Guyana’s economy will grow between 25% to 30% are “very conservative,” Guyana’s president said. Oil production continues to boom, heading towards of 1.2 million barrels a day. “There […]
Read more »Via the South China Morning Post, a report on China’s outreach to Indonesia, Guyana, and Georgia: The global infrastructure strategy is Chinese president’s main talking point during meetings with Joko Widodo, Irfaan Ali and Irakli Garibashvili Xi also discusses the plan with leaders of Mauritania and Burundi on sidelines of World University Games in Chengdu […]
Read more »Via Upstream Online, a report that Brazil’s Petrobras is eyeing new investments in Guyana, Venezuela and Bolivia: Brazilian state-controlled oil company Petrobras is assessing the possibility of carrying out fresh investments throughout South America. The signalling of a possible to return to regional investments came as Brazilian President Luiz Inacio Lula da Silva this week […]
Read more »Via AP News, an article on Guyana and how things are changing in light of the oil boom: Villagers in this tiny coastal community lined up on the soggy grass, leaned into the microphone and shared their grievances as someone in the crowd yelled, “Speak the truth!” And so they did. One by one, speakers […]
Read more »Via Energy Daily, a report on Guyana;s $12B oil development plan: Guyana has approved a more than $12 billion investment proposal by a US and Chinese consortium seeking to develop an offshore oil field, Vice President Bharrat Jagdeo said Wednesday. The consortium is led by ExxonMobil, and includes the China National Offshore Oil Corporation and […]
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