Medical and Hospital News
OIL AND GAS
 Guyana greenlights $12 bn oil development plan
Guyana greenlights $12 bn oil development plan
 by AFP Staff Writers
 Georgetown, Guyana (AFP) April 26, 2023

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 Hess Corporation, another American company.

The investment plan was approved "after vigorous analysis by external consultants and the documents would be made public as we have done with all of the other licences," Jagdeo told AFP.

Of the $12 billion-plus that the consortium wants to spend, he said: "That's a massive investment in our country."

At stake are deep-water oil fields called Uaru, off the coast of this small country on the northeast coast of South America. The deposits were discovered in 2020 and 2021.

The consortium has said the fields could eventually yield around 250,000 barrels of oil per day.

With a population of just 800,000, Guyana boasts among the world's largest per capita oil reserves.

Related Links
 All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
OIL AND GAS
'Impossible to keep track': Spain's gamble on green hydrogen
 Puertollano, Spain (AFP) April 26, 2023
 Major green energy projects are sprouting up across Spain as it seeks to position itself as a future green energy leader - but experts have urged caution over costs and demand uncertainty. Spanish firms are ramping up production of emissions-free fuel and ploughing investment into green energy projects, despite fears over the high price of production. "Everything is going very fast," said Miguel Angel Fernandez, technical director at the Spanish National Hydrogen Centre, a public research centr ... read more
OIL AND GAS
Indigenous man shot dead by miners in Brazil: police

 Damascus slams EU sanctions as 'threat' to quake-hit Syrians

 Afghanistan-Pakistan border crossing landslide toll rises to eight

 Top Mexican court limits army's public security role
OIL AND GAS
China to launch up to 3 BeiDou backup satellites in 2023

 Telit Cinterion adds Dual-Band GNSS Positioning to AIROHA AG3335 Chipsets

 Monogoto teams with Skylo and SODAQ to deliver NB-IoT satellite asset tracking

 Quectel announces CC200A-LB satellite module for IoT
OIL AND GAS
India to passes China as world's most populous nation: UN

 Focus on reproductive rights rather than population numbers, UN urges

 A new peptide may hold potential as an Alzheimer's treatment

 New evidence pushes open habitats in Africa back by 10 million years
OIL AND GAS
How to untangle a worm ball: Mathematicians solve a knotty mystery

 African penguins: climate refugees from a distant past?

 Beaver ponds with deeper sediments store more nitrogen, simple mapping reveals

 Five ways open science is transforming NASA research and protecting our planet
OIL AND GAS
Vaccine printer could help vaccines reach more people

 Mozambique cholera cases surge tenfold after cyclone

 Malaria cases spike in Malawi, Pakistan after 'climate-driven' disasters

 Bird flu requires urgent national coordinated response, researchers urge
OIL AND GAS
Macau junket boss jailed for illegal gambling, money laundering

 India population to surpass China mid-year: UN

 'Living gallery': fighting to save Hong Kong's fading neon signs

 'United': G7 diplomats offer common front on China
OIL AND GAS
People smugglers use TikTok to promote their services

 Colombia's Petro accuses Gulf Clan cartel of breaking ceasefire

 Ecuadoran soldier killed in clash with drug traffickers
OIL AND GAS
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.