Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Africa's resources: re-examining the management of oil and gas

Read more

MEDIAWATCH

A closer look at Trump's Afghan policy

Read more

THE DEBATE

New President, Old War: Trump outlines his strategy for Afghanistan

Read more

MEDIAWATCH

Trump: An expensive president to protect

Read more

ENCORE!

Edinburgh at 70: front row at the Festival

Read more

FOCUS

Oil theft: a multi-billion dollar business fuels Mexican cartels

Read more

BUSINESS DAILY

French government, employers and unions begin final discussions on labour reforms

Read more

IN THE PAPERS

'Here are six costly failures from America’s longest war. No. 1: cashmere goats'

Read more

IN THE PAPERS

Charter of transparency…but no official ‘first lady’ title for Brigitte Macron

Read more

REPORTERS

An in-depth report by our senior reporters and team of correspondents from around the world. Every Saturday at 9.10 pm Paris time. Or you can catch it online from Friday.

Latest update : 2012-04-27

Black gold brings hope to French Guiana

French Guiana, an overseas department bordering Brazil, is one of France's poorest regions, where unemployment is at a record level. But with oil being discovered, locals are starting to hope for a better life. Will they benefit from the black gold?

Right in the middle of the economic crisis, oil companies Tullow Oil, Shell and Total announced in September 2011 they had discovered an oilfield 150 kilometres off the coast of French Guiana. The find was described as "significant" and "historic".

It is indeed highly relevant for the population of one of the country's poorest areas, and also means France as a nation could become the world’s third or even second oil producer in 15 years’ time, when new sources of oil are expected to be of worldwide importance.

Where is this oilfield? What is happening on the rig today? How much oil is there? What is at stake? What are the environmental risks? And how is all this going down with the local population and the politicians?

Our reporter Nicolas Ransom went to find out more.

By Nicolas RANSOM

COMMENT(S)

Archives

2017-07-28 Middle East

Video: The plight of Cairo's street children

In Egypt, tens of thousands of children wander the streets of the capital, Cairo. They survive as best they can amid desperate poverty and violence. Some NGOs, such as France's...

Read more

2017-07-21 Asia-pacific

Video: Afghans live in fear as kidnappings soar

Last year, more than 300 people were kidnapped in Afghanistan. Although abductions of foreigners by the Taliban tend to make the headlines, more than 90% of the victims are in...

Read more

2017-07-14 Asia-pacific

China dreams of superpower status on the football pitch

China has been redrawing the world's football map in recent months. Thanks to virtually unlimited funds, players and coaches from some of the best European clubs are flocking to...

Read more

2017-07-13 Middle East

Exclusive: Storming Raqqa, IS group's cursed capital in Syria

The city of Raqqa in northern Syria has been held by the Islamic State group since early 2014. But the terror group's Syrian headquarters is on the verge of liberation. Snipers...

Read more

2017-07-07 European Union

Poland’s love-hate relationship with the EU

Jaroslaw Kaczynski, leader of Poland’s ruling Law and Justice party, is a maverick. On civil rights, justice and the environment, Poland is increasingly breaking away from EU...

Read more