Daily Archive: Friday, February 18, 2022

Articles published on Friday, February 18, 2022

The Liza unity

Guyana part of hemispheric oil boom triggering demand for FPSOs

Ongoing oil recovery pursuits in South America, notably in Guyana and Brazil, are key factors influencing the increased production of Floating, Production Storage and Offloading (FPSO) units, vessels used by the offshore oil & gas industry for the production and processing of hydrocarbons and for the storage of oil until it can be transferred to a tanker.

Barbados Prime Minister Mia Mottley

Guyana, Barbados to ‘test’ tourism waters… together

The authorities here are again dropping a hint that, going forward, Guyana may be gearing itself to kick-start a tourism industry which, while widely believed to be a potential major money-earner for the country, has continually failed to get off the ground owing largely to a lack of both official effort and less than adequate public and private sector investment.

The trust factor is critical

Dear Editor, For some, the actual name is unspeakable. He can only be referred to as the Minister of Local Government and Regional Development – a position that is a substantive contradiction of his own behaviour in the National Assembly, displaying explicitly a level of underdeveloped morality.

PM Mottley ‘smoothed over’ Guyana’s internal dynamics

Dear Editor, The Prime Minister of Barbados, Mia Mottley, who is on the cusp of being recognized as the Caribbean foremost Statesperson waxed poetic, including salutations of Love for her fellow statespersons (Ali, Addo, Santoke and especially Jagdeo)  as she addressed the Opening Ceremony of the International  Energy Conference in Georgetown on Valentines` Day.

Food security again ‘drops in’ on regional agenda

Against the backdrop of numerous un-kept promises by Caribbean Community (CARICOM) Heads of Government to ‘put heads together’ to come up with strategies to reduce extra-regional food imports and to move closer to a condition of regional food security, the region as a whole has witnessed an inexorable climb in its food import bill, a circumstance that represents a baffling dichotomy between rhetoric and action.

Exxon commences oil recovery from Guyana’s second offshore development

Rigzone, the international online resource for news on the oil & gas industry reported earlier this week that ExxonMobil has commenced oil recovery from Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, a development which it says now brings the country’s overall production capacity to upwards of 340,000 barrels per day, just seven years following the company’s 2015 announcement of ‘first oil’ offshore Guyana.

Map of the Orinoco area

Venezuela’s oil industry: Is the worm turning?

With Venezuela’s once powerful oil industry now badly fractured largely on account of United States sanctions imposed on the administration of President Nicolas Maduro, Caracas would appear to be looking to China to help restore the industry to global prominence in the shortest possible time.

Private Sector Commission backs removal of COVID-19 curfew

Unsurprisingly, a number of private sector bodies, including the country’s leading Business Support Organizations (BSOs), last week backed the government’s decision to lift the national curfew put in place following the 2020 outbreak of the COVID-19 pandemic, though whether or not they are prepared stand behind the strictures that are likely to remain in order to ensure what is still the clear and present danger posed by the malady does not come back to haunt the country, is a question yet to be answered.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 954’s trading results showed consideration of $13,977,878 from 47,738 shares traded in 48 transactions as compared to session 953’s trading results which showed consideration of $18,001,288 from 66,364 shares traded in 18 transactions.

Product displays must become profitable entrepreneurial pursuits

If it would be churlish not to acknowledge the limited exposure afforded small businesses in the agro-processing, food processing, art and craft and other sub-sectors that fall under the umbrella of what are loosely termed micro and small businesses, it would also be misleading to provide a sort of one-swallow-makes-a-summer assessment to the one-off Duty Free Shop staged at the Umana Yana to coincide with the high-profile 2022 International Energy Conference and Expo now winding down at the Marriott Hotel.

Pardons

On Sunday we reported on a story which had appeared in the London Guardian relating to the 1823 Demerara rising.

Kitco Market Data

Gold Prices for the three day period ending Thursday February 17, 2022 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.