Guyana Oil and Gas News

President David Granger last evening, attended the 209th Independence Anniversary of the Republic of Chile at the Marriott Hotel and stronger ties with Santiago’s mining and petroleum sectors are on the agenda.

(This is the eighth of a series of articles by Transparency Institute of Guyana Inc on the Production Sharing Agreement signed between the Government of Guyana and Esso Exploration and Production Guyana Limited, a subsidiary of ExxonMobil.)

Commending government’s efforts to develop an oil spill response plan as the country is poised to become one of the most active offshore oil exploration and production (E&P) centres in the region, a United States (U.S.)

Director, Department of Energy, Dr. Mark Bynoe, yesterday, announced that UK-based Tullow Oil plc’s (Tullow) Joe-1 exploration well has discovered a new Upper Tertiary oil play in the Guyana basin.

ExxonMobil today said it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area.

Director, Department of Energy, Dr. Mark Bynoe, today, announced that UK-based Tullow Oil plc’s (Tullow) Joe-1 exploration well has discovered a new Upper Tertiary oil play in the Guyana basin.

Oil services company Nalco Champion will not be storing chemicals at the John Fernandes Ltd (JFL) Inland Terminal at Industrial Site, Ruimveldt as its client ExxonMobil has moved to access those services overseas.

Hazardous and non-hazardous waste produced by Guyana’s fast developing oil and gas sector are being managed according to international standards and best practices, according to Executive Director of the Environmental Protection Agency (EPA) Dr Vincent Adams.

If we want to say something about the future state of an event, we have to account for the initial conditions.

Almost years after being established, oil services company Guyana Shore Base Inc (GYSBI) has sunk over US$100 million ($20.8 billion) into its operations here and plans to invest US$50 million ($10.4 billion) in the next 12 months.

Dear Editor, Please allow me space in your newspaper to dispel any notion that Guyanese businesses would not have the capacity to meet the demands of the Oil industry’s Off-Field and ancillary services [OFS] demands.

Head of the Guyana Office for Investment (GO-Invest) Owen Verwey has said that his reported revelation in Europe that Guyana will this week announce another oil find was “speculative” and that his agency does not have the authority to announce oil discoveries.  “The article quotes me as suggesting that there will be another significant announcement in oil discovery soon.

The Public Procurement Commission says there is no merit to the Transparency Institute of Guyana Inc. (TIGI) position that the 2016 Production Sharing Agreement (PSA) between the government and ExxonMobil’s local subsidiary violates the public procurement law.

As it continues to prepare contingency plans for the start of oil production offshore Guyana, the Civil Defence Commission (CDC) is expanding its main disaster relief command centre while seeking to ensure it has the needed additional staff.

There are those who might even argue that the right to unionization is of little more than decorative value since it is unlikely that any more than 10% of our work force is unionized anyway.

SARA has interviewed several “major players” in its ongoing probe of the awards of oil blocks near to Exxon-Mobil’s Stabroek Block.

United Kingdom-based Westmount Energy Limited is boasting of Guyana’s potential oil reserves as it seeks investors for its projects in the Guyana/Suriname basin, which include the drilling of the first well in the Kaieteur Block offshore Guyana next year.

Introduction This week’s column starts consideration of what I had previously labelled as a non-exhaustive list of the “top-10 economic challenges”, which the Government of Guyana (GoG) has to confront.

Introduction For some time, questions have been raised about the royalty provisions in the 2016 Agreement under which Trotman/Greenidge/Granger partially signed away the birthright of all Guyanese past, present and future.