Guyana Oil and Gas News

Introduction As indicated last week, today’s column closely reports the findings in Budget 2024 regarding Items 2 to 6 listed therein.

Introduction Regular  readers would recall that I used national budget 2023 to portray Guyana’s macro-economic and micro-economic foundations as satisfying the standard definitional prerequisites for a nation designated to be a Petrostate.

Introduction As titled, today’s column sums up my efforts since January 28 to assess the sustainability of Guyana’s oil and gas explosive growth.

Introduction During the recent Oil and Gas conference in Guyana, Mr.

Introduction Today’s column concludes the discussion on the fourth and final modeled driver and its metrics, which I believe undergirds any serious appraisal of the viability or affordability of a Guyana Universal Basic Income, UBI, mechanism, the Buxton Proposal.

Introduction As Guyana continues on its extensive infrastructural works to cope with a fast-growing economy, one area of law – compulsory acquisition of land – has been sidestepped and ignored, almost exclusively to the detriment of property owners.

HOUSTON,  (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels.

Introduction This week’s column addresses the fourth and final driver along with its modeled metrics; namely, operational cost of oil production share ratios in Guyana.

ExxonMobil Guyana today announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024.

HOUSTON (Reuters) – Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his US$53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals.

A letter by Professor Kenrick Hunte appearing in the press earlier this week generated a wave of conversation across the society.

Exxon Mobil Corp. today filed for arbitration to retain its preemption rights over Hess Corp.’s

Introduction The Ali Administration has been promising continually that an independent, competent Petroleum Commission will be appointed to oversee the operations of the oil and gas sector.

HOUSTON,  (Reuters) – Chevron Corp (CVX.N) today said it was in talks with Exxon Mobil Corp (XOM.N) and

Exxon is no stranger to politics. It understands the importance of billboards (India and Guyana) and the politics of Buses (the USA and the Tories Brexit bus).

(Reuters) – Investors that use shareholder resolutions to pressure companies on environmental and social issues said they are worried that an Exxon Mobil XOM.N

Lindsayca + CH4 (LNDCH4 Guyana), the US company that will be executing the country’s ambitious gas-to-energy project today announced it is seeking to hire 100 persons here this year.

An application for proof that ExxonMobil has lodged a US$2 billion guarantee which is intended to indemnify Guyana against an oil spill and associated perils, is being resisted by the Environmental Protection Agency (EPA) and the oil company, which are contending that the court has no jurisdiction to so order.

The infamous tax certificates We recall from Column 119 that while the tax is paid by the Government of Guyana, the oil companies receive from the Guyana Revenue Authority ‘proper tax certificates’ in their names.

Introduction On the occasion of the first column for 2024, I extend best wishes to readers for an informed and productive year and realisation of the hope of a fairer contract.