Showing posts with label Guyana. Show all posts
Showing posts with label Guyana. Show all posts

Wednesday, November 20, 2024

How India's Hunt For Crude Oil Reached Guyana with Palki Sharma

Very recommendable! The large Indian diaspora in this country is amazing!
The first Indian Prime Minister visit to this country in 56 years.

Monday, November 18, 2024

Why Indian PM Modi Toured Nigeria and Guyana before Brazil with Palki Sharma

Very recommendable!
"Nigeria honoured PM Modi with its second-highest national award"
Keep in mind Mahatma Gandhi worked in South Africa from 1893-1914  before he immigrated to India.

Thursday, September 26, 2024

From Rags to Riches: Guyana's Meteoric Rise as a Petrostate. Guyana may become the second largest in South America before Brazil

Good news! More on the Peak Oil myth/scare! 😊

"Guyana's oil production has surged due to ExxonMobil's discoveries in the Stabroek Block, with output expected to reach 1.5 million barrels per day by the end of the decade.
The country's rapid development has been fueled by high-quality, sweet crude oil and significant foreign investment.
Chevron's acquisition of Hess has sparked a legal dispute with ExxonMobil over ownership rights in the Stabroek Block, potentially impacting future development. ...

After decades of poor drilling results, Guyana has rapidly emerged as a significant global petroleum producer following a series of world-class discoveries made by an Exxon-led consortium in the offshore 6.6 million acre Stabroek Block. ... Since 2015, Exxon has made nearly 40 discoveries that are believed to contain at least 11 billion barrels of oil. The first discovery occurred in 2015 with the Liza-1 wildcat well, followed by the January 2017 Payara and Liza Deep discoveries, with the Liza 3 appraisal well found a 100 to 150-million-barrel reservoir below the existing Liza oilfield. It is speculated that the Stabroek Block contains well over 11 billion barrels of oil reserves, with the acreage possessing the potential to eclipse Brazil’s proven and probable reserves totaling 23 billion barrels, the second largest in South America. ... "

From Rags to Riches: Guyana's Meteoric Rise as a Petrostate | OilPrice.com

Wednesday, August 21, 2024

Wirtschaftswunder Guyana: Wird der Kleinstaat der neue Krösus von Lateinamerika?

Gute Nachrichten!

"Bis vor kurzem war Guyana eines der ärmsten Länder Südamerikas. Das Pro-Kopf-Einkommen des Karibikstaates war kaum höher als jenes in Bolivien oder Nicaragua. Das änderte sich 2015, als der Ölkonzern ExxonMobil vor der Küste riesige Ölvorkommen entdeckte. Vier Jahre später begann das Unternehmen mit der Ölförderung. ...
Rund 650 000 Barrel pro Tag fördert Guyana heute – fast so viel wie Venezuela, das Nachbarland mit den grössten Erdölreserven der Welt. Pro Kopf seiner nur 800 000 Einwohner verfügt Guyana heute über die höchsten Reserven der Welt. ..."

Guyanas Ölboom: Kann das Land dem Ressourcenfluch entkommen? "Guyanas Wirtschaft wächst dank neu entdeckten Erdölfunden rasant. Beim Pro-Kopf-Einkommen hat der Kleinstaat Deutschland bereits überholt. Bei den Bürgern kommt das Geld allerdings nicht an."

Monday, December 04, 2023

Venezuelans Approve Takeover of Oil-Rich Region of Guyana with Palki Sharma

What kind of referendum was that? Like Cuba, Venezuela has been a troublesome leftist dictatorship for some time! This could spell trouble and may result in military conflict between these two countries. What will e.g. Brazil do about it?

Saturday, December 03, 2022

Global deepwater oil, gas production to surge 60 percent by 2030

Good news! 

Humanity needs abundant and cheep energy more than the Global Warming hoax and the Climate Change religion! Obsession with fantasy and superstition is unhealthy and irrational

In case you missed it: Renewable energy is seriously unreliable and everything but environmentally friendly!

"Deepwater oil and gas production will grow 60 percent from 10.4 million barrels per day this year to 17 million barrels per day by the end of the decade, according to a report from Wood Mackenzie. ..."

"... Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 1,500 metres and above is growing fastest – by 2024 it will account for more than half of all deepwater production (our definition is 400 metres of water depth or above).

Brazil remains the leading deepwater producer, it accounts for around 30% of current global capacity and will continue to grow. Guyana, the most significant new entrant, will be producing one million boe/d within the next five years. In total 14 other countries will contribute to the deepwater supply mix in the coming years. ..."

Global deepwater oil, gas production to surge 60 percent by 2030

Wood Mackenzie: Global deepwater production to increase 60% The fastest growing resource theme in the industry has inherent emissions advantages for the sector

Indexed oil & gas production growth by resource theme, 2022-2030


Tuesday, September 20, 2022

How Guyana Could Become the Richest Country in Latin America thanks to its huge crude oil reserves

Very recommendable! Will the economy of Guyana finally take off! G. has the potential to become the next Kuwait! G. has a population consisting of large numbers of descendants from Africa and India.
Venezuela is threatening G. with takeover.
Unfortunately, the video did not say anything about its two neighboring countries Suriname and French Guiana.