Daily Archive: Friday, October 28, 2022

Articles published on Friday, October 28, 2022

Exxon posts highest profit in its history

 (Bloomberg) — Exxon Mobil Corp. and Chevron Corp. amassed more than US$30 billion in combined net income as politicians blast Big Oil for raking in massive profits at a time when consumers are struggling with soaring inflation and energy shortages worldwide.

RAMPS Logistics Chairman Shawn Rampersaud

RAMPS Logistics focused on protecting reputation in Guyana – Company Chair

RAMPS Logistics Chairman, Shaun Rampersad, on Friday told the Stabroek Business that the firm currently providing support services to several foreign companies involved in various aspects of Guyana’s oil and gas industry, is determined that its current travails here, not least the recent move to the Courts against the company by the Guyana Revenue Authority (GRA), not impact negatively on its image as a reputable service provider.

More Oil

Unsurprisingly, the announcement by the Government of Guyana earlier this week that it had been notified by EXXON Mobil of two new offshore oil discoveries created no discernable ripples here, the details of the release on the new discovery issued by the Ministry of Natural Resources failing to generate anything close to the sense of national excitement that erupted in 2015 when the public disclosure of the first oil find was made.

Alquimi Renewables CEO
Ralph Birkhoff

Specialist US agri investment firm may engage Guyana at T&T event

A key executive of a US firm that specializes in sectors that are critical to the enhancement of the Caribbean’s development potential and more so to Guyana’s now oil-driven development potential has said that the next month’s Caribbean Investment Forum which will be held in Trinidad and Tobago provides an opportunity for investors to explore the opportunities currently available in the region, Ralph Birkhoff, Chief Executive Officer of the New York-based firm Alquimi Renewables which specializes in providing advisory services in energy-based investments has told the Trinidad and Tobago Express Newspaper that the November Caribbean Investment Forum in Port of Spain provides an opportunity for investors to explore the extraordinary opportunities in the Caribbean region.

Brazil, Guyana share mercury menace

The ongoing indiscriminate use of mercury in gold mining in parts of the Amazon having come into sharp focus in the electoral campaign exchanges between the still Brazilian President Jair Bolsonaro and his political rival Luiz Ignacio Lula da Silva, a local miner familiar with the gold-mining industry in parts of Brazil has told the Stabroek Business that any expectation that a change in government in Brasilia is likely to bring an end to the use of mercury in gold recovery is nothing more than a “silly dream.”

Dubai energy forum likely to attract attention of climate change advocates

Unable any longer to turn its back on the increasing assertiveness of the clean energy and climate change lobbies, some of the world’s oil-rich countries, though still far from ready to entertain the huge production cuts being demanded by increasing numbers of climate change ‘hawks’ would appear to have finally acknowledged that concessions to the global climate emergency is no longer a viable option; which is why the October 31 to November 3 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) is likely to attract global attention outside the confines of oil producing countries and businesses seeking to share in the enormous profits to be made from the sector.

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 990’s trading results showed consideration of $39,156,891 from 134,057 shares traded in 27 transactions as compared to session 989’s trading results, which showed consideration of $8,636,520 from 10,892 shares traded in 16 transactions.

Mr Charrandass Persaud

Last August Guyana’s High Commissioner to India Charrandass Persaud had abused Asso-ciate Professor Sonya Ghosh in the most vulgar fashion outside his home in New Delhi.

Still singing the same ’tasteless’ food security tune

The region is ‘on about’ its food security circumstances again. It appears as though the Barbados Agriculture Minister Indar Weir is sufficiently concerned about his country’s extant food security circumstances as to cause him to call (or at least this is how it seems) for the hastening of the creation of a regional Food Security Terminal, an initiative that emerged earlier and appeared to have had the support, principally, of the Heads of Government of Guyana and Barbados.