Guyana has retreated from an agreement with Taiwan for the island to establish an investment office in the former British colony in South America. Beijing described Guyana's decision as a mistake that must be corrected, and it was.
The Hess Exploration company is betting strongly in the opportunities of its Guyana operations. With a 30% interest in the Stabroek Block, it has allotted more than 80% of its capital and exploratory budget of US$1.9 billion for 2021 to its offshore blocks.
The United States is doubling its support for Guyana in the territorial dispute with Venezuela, another flank in Washington's campaign to force Venezuelan President Nicolas Maduro out of power.
ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina.
Noble Corporation plc's ultra-deepwater drillship Noble Tom Madden has received about 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana.
Brazil has negotiated the purchase of 225,000 tons of rice from the United States, India, and Guyana, which are expected in the country during the second half of October and November.
By Amy Myers Jaffe (*) – This year was supposed to bring great things for Guyana. ExxonMobil discovered massive oil deposits off the South American country’s Caribbean coast in 2015, and Guyana sold its first cargo of crude oil this February. As production ramps up, its first stage offshore wells were projected to produce 750,000 barrels a day by 2025, tripling the size of Guyana's economy, from US$ 3,4 billion to US$ 13 Billion.
China's embassies to Suriname and Guyana accused US Secretary of State Mike Pompeo of spreading rumors and smearing Beijing, after Washington's top diplomat criticized Chinese companies during a four-stop South America tour.
Mike Pompeo on Thursday became the first US secretary of state to visit Guyana and Suriname as the discovery of oil fuels a sudden new interest in the small South American nations.
Guyana's elections commission on Sunday declared opposition presidential candidate Irfaan Ali the winner of a disputed Mar 2 election, paving the way for a change in power in the newly oil-producing South American country.