Guyana Oil and Gas News

Dear Editor, The WPA attack on Jaipaul Sharma is unacceptable. The WPA is being petty and partisan.

ExxonMobil has made its ninth oil discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery in the Stabroek Block in the past year.

ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a “new play concept” for potential development, the company said today in a release.

The newly-established Department of Energy has appointed Australian Matthew Wilks, an oil and gas business developer and negotiator with 32 years of experience in the sector, as an adviser.

Matthew Wilks, an experienced senior oil and gas business developer and negotiator, has been appointed Oil and Gas Adviser in the Department of Energy within the Ministry of the Presidency.

(Trinidad Express) The Trinidad Government has decided to shut down the refinery of State oil company Petrotrin.

Dear Editor, While the national conversation on Guyana’s emerging oil & gas sector has demonstrated our collective commitment to an accountable process, emerging policies and discussions have lacked an inter-industry policy development framework.

If corruption is a disease, transparency is an essential part of its treatment.    Kofi Annan, Former Secretary-General of the UN As the world mourns the death of Kofi Annan, let us pause to remember that it was during his tenure that the United Nations Convention against Corruption (UNAC) came into being.

By Lear Matthews Lear Matthews is professor, State University of New York, Empire State College.

Introduction This week, I conclude my discussion on the requirements for avoiding the perils of enclave-type development in Guyana’s economic structures.

Dear Editor, I see that British High Commissioner to Guyana Gregory Quinn has waded into the discussion on how Guyana should spend its oil money.

Gregory Quinn acknowledged that conditional cash payouts can be beneficial to Guyanese as he has stressed that infrastructure should be priority.

Ahead of the third round of the Caribbean Motor Racing Championship (CMRC) next weekend, Raveiro Tucker of  Team Tucker received much need sponsorship from ExxonMobil, ‘D’ Grill Kings and Hand-in-Hand Fire Insurance Company Limited on Thursday.

Natural Resources Minister Raphael Trotman yesterday defended the APNU+AFC administration’s “strategic relationship” with ExxonMobil, saying that it is guided by the long-term security of the state and not just future income.

Everything is in place at the Guyana Shore Base Incorporated (GYBSI) for ExxonMobil and its partners, in time for first oil in 2020, Director of Muneshwer’s Limited, Robin Muneshwer said.

Chief Statistician Lennox Benjamin yesterday said cross border immigration and the start of oil production will bring changes in the profiles of Guyana’s population over the next two to four years, thereby making the Bureau of Statistics’ data gathering essential to informing growth and development.

Some of the world’s biggest energy companies are gearing themselves to take a ‘tilt’ at mega investments in the recovery of giant oil and gas deposits, from liquefied natural gas in Mozambique to deep-oil in Guyana.

If the July report of the Food and Agriculture Organization (FAO) is anything to go by, Guyana would do well not to allow its new-found and soon to be exploited oil resources to give rise to the temptation to significantly reduce its traditionally successful agricultural sector.  This temptation will arise as seemingly more lucrative paid jobs and business development opportunities emerge as spinoffs from what promises to be an economy which, in perhaps a decade, will turn heavily on earnings from businesses tied either directly or indirectly, to the oil and gas industry. 

A United States congressional and military delegation yesterday arrived in Guyana and held their first meeting with Minister of Natural Resources Raphael Trotman, a visit that government has been tightlipped on but has said is a “familiarisation” one.

Former petroleum adviser to President David Granger, Dr Jan Mangal has rapped the government for allowing Conservational International (CI) to assist it with building oil and gas capacity.