Guyana Oil and Gas News

Dear Editor, The proposal by Professor Clive Thomas of the distribution of cash from the projected oil revenue to every Guyanese household caught me by surprise.

HOUSTON/PUNTO FIJO, (Reuters) – Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.

Dear Editor, Being a member of the diaspora, I must confess to general ignorance of local conditions.

Dear Editor,  Dr. Clive Thomas, erstwhile anti-imperialist and dependency theorist, now a state functionary in the neo-liberal APNU+AFC government, said that the government should give US$5,000 from the oil revenue to each Guyanese household annually.

Dear Editor, With both major parties wedded to the belief that they must be good ambassadors for Exxon’s Esso, the race to genuflect lower before Exxon, has already cost Guyana billions of dollars.

Regardless of what multilateral agencies may advise, Guyanese must pressure the government to tap monetary rewards from oil revenues if this country wants to have true equity and see a real lowering of poverty, economist, Professor Clive Thomas yesterday said.

Following searing criticism by former Advisor on Petroleum, Dr Jan Mangal that the government is unwilling to invest enough now on training and hiring of experts, Minister of State Joseph Harmon says such assertions are wrong and the administration is continuing to build capacity.

Interviews and photos by David Papannah and Shamar Meusa   This week, we asked the man and woman in the street if they have been following the developments in the oil industry and how they think they will benefit in 2020 when oil begins to flow.

Insulation of the impending Petroleum Commission must be a priority, according to oil consultant Dr Valerie Marcel.

Introduction Today’s column starts my discussion of the fourth of the top-ten development challenges that spending of Guyana’s expected significant “Government Take” will have to navigate in the coming years of oil and gas production and export.

Dear Editor, The IMF stated that mistakes were made in the setting up of contracts which would allow for benefits to Guyana.

Leader of the Opposition Bharrat Jagdeo yesterday said that his party’s concern about the soon-to-be established Department of Energy is the paucity of information that has been provided about its mandate and structure.

Considerations of space have necessitated the editing of this paper. Care has been taken to retain all of the elements believed to be relevant to reader interest.  Local Content policies aim to leverage the extractive value chain to generate sustained and inclusive growth through economic diversification and employment opportunities and generate opportunities for regional integration and international trade.

  Introduction Surprise would be a mild word to describe the reaction of many Guyanese to the report by Minister of State Joseph Harmon that President Granger had appointed Dr.

Dear Editor, I venture one of my increasingly rare contributions into the more and more surreal world of Guyana oil. 

MARACAIBO, Venezuela,  (Reuters) – Across Maracaibo, the capital of Venezuela’s largest state, residents unplug refrigerators to guard against power surges.

Dear Editor, The discovery of oil by ExxonMobil in 2015 has put Guyana on a trajectory to receiving significant revenues.

-argues that approval for Liza Phase 1 defective -sees need for slowing down of Exxon’s planWith less than two years to first oil, former Government Advisor on Petroleum, Dr Jan Mangal says the number of  oversight personnel has to be swiftly  ramped up to monitor the current operations and  before ExxonMobil is given approval for its Liza Phase 2 Development Plan.

By Tyrone Hall Tyrone Hall is a Caribbean national with nearly a decade of experience managing some of the region’s leading environmental initiatives.

Dr Valerie Marcel, Chatham House fellow and project head of the New Petroleum Producers Discussion Group, has denied advising government to establish a National Oil Company (NOC), contrary to what Minister of Natural Resources Raphael Trotman has reported.