Guyana oil production
A definitive year-end review of 2020: Caribbean tourism collapses 65-70% but property markets demonstrate extraordinary resilience, Guyana’s oil revolution continues, diaspora remittances hit records, and vaccines offer hope for 2021.
Caribbean tourism remains near-zero as emergency economic financing is deployed across the region. The Dominican Republic is planning its July 1 border reopening as other destinations remain closed. Guyana’s oil production continues to provide a rare bright spot in an otherwise bleak regional picture.
Guyana achieves its historic first oil on December 20, 2019 — a watershed moment for the Caribbean. We review a record-breaking 2019 tourism year and look to an optimistic 2020 with exceptional confidence across regional property markets.
The Caribbean holiday season opens with exceptional momentum — Guyana’s historic first oil is imminent with ExxonMobil’s Liza Phase 1 expected to flow any day now, a record 2019 tourism year is closing strongly, and resort property markets are performing at peak levels.
Two months after Hurricane Dorian’s catastrophic assault on the Bahamas, reconstruction planning is taking shape while property insurance, resilience standards, and Caribbean hurricane risk come under intense professional scrutiny. Other island markets continue to perform strongly.
Caribbean summer 2019 tourism delivered strong results across the region — then, in the final days of our coverage period, Hurricane Dorian struck the Bahamas as a catastrophic Category 5 storm with 185 mph sustained winds. We report on the summer’s performance and this breaking disaster.
Caribbean tourism reaches its summer peak while the Dominican Republic demonstrates resilient recovery, and ExxonMobil advances Guyana’s Liza Phase 1 toward the historic first oil milestone.
Caribbean tourism is delivering its strongest summer in years, the Dominican Republic is stabilising after May-June’s hotel safety crisis, Guyana’s oil milestone draws closer, and the region’s investment pipeline strengthens as the 2019 hurricane season watches carefully.
The 2019 Atlantic hurricane season opens as the Caribbean investment boom continues at full pace — CBI programmes are drawing record capital flows, hotel development pipelines are the fullest in years, and Guyana’s oil pre-production momentum is transforming Georgetown’s property market.
Caribbean spring 2019 opens with exceptional momentum — Easter tourism records across the region, Barbados one year into its IMF programme with encouraging progress, Guyana’s oil excitement building, and a residential property market buoyed by supportive interest rates and strong demand.
Spring 2019 brings record Caribbean tourism arrivals, strengthening investment sentiment across the region, and mounting excitement over Guyana’s approaching oil era.
Caribbean property markets close a strong summer 2017 season with tourism records and investment confidence, even as meteorologists track a potentially catastrophic hurricane approaching the Lesser Antilles. Edition 107 of the Caribbean Property & Investment Review.
Summer 2017 has delivered a robust Caribbean tourism season and a strengthening property market — but as this edition goes to press, forecasters are tracking a rapidly intensifying hurricane that poses a grave threat to the Leeward Islands.
Donald Trump’s election victory on November 8 sends ripples across the Caribbean as governments assess implications for remittances, diaspora communities, trade, and tourism. Meanwhile Matthew reconstruction proceeds and the holiday season opens with cautious optimism.
ExxonMobil’s announcement of a world-class oil discovery at the Liza-1 well on the Guyana Stabroek Block on 20 May 2015 has electrified the Caribbean investment community. This edition covers the most transformative energy event in the region’s modern history and its far-reaching property market implications.