Guyana Oil and Gas News

Guyanese on social media were euphoric last week when it was announced that the country now has at least 4 billion barrels of recoverable reserves.

Two highly respected individuals from the community of Aurora, a small village on the Essequibo coast in Region Two recently passed way at the ages of 105 years and 107 years, respectively.

Introduction To recall, today’s column wraps-up the discussion of the Governance Curse.

Government should be embracing the recent divisive New York Times report, ‘The $20 billion question for Guyana’ for not showing “the turmoil” that exists in the fledgling oil sector and “its lack of direction,” Leader of the Opposition Bharrat Jagdeo says.

One good sign in the ongoing discourse on the commencement of oil exploitation in 2020 and the implications of the returns from it for the country’s future and direction of the economy is that it is not being allowed to entirely drown out the urging that other vital sectors not be ignored.

Introduction I will resume the piece on Getting the work done next week to allow me in today’s column to address the outpouring of anger and hurt expressed by politicians, columnists, letter writers and contributors in the print and social media over an article in the New York Times one week ago.

Representatives from several government agencies that will have a role in the export of crude oil participated in a half-day ExxonMobil workshop last week, according to a release from the Ministry of Natural Resources.

Dear Editor,   Oil is coming and are we prepared on the socio/community level when reading headlines like ‘’Trinidad and Tobago may have the highest murder rate in history this year, if the current crime rate continues’’?.

Dear Editor, Reference is made to the letter `Use of gas from Liza wells raises serious questions’  (SN Jul 24) by one Mr.

Even as Attorney General Basil Williams and team continue to “fine tune” draft legislation for a Natural Resources Fund (NRF), a Green Paper will soon be presented to the National Assembly, with fiscal responsibility and debt sustainability key among its contents.

Introduction Because of the amount of material I still have left to cover and the usual space limitations, today’s column is confined towards advancing the discussion of the Governance Curse.

Dear Editor, In 2016, some 36 percent of the revenue of the entire nation of Mongolia came from just one company — a copper mine.

Even as Guyana readies itself for the imminent exploitation of oil and gas and for the management of the revenues to be derived therefrom, Chief Executive Officer of Demerara Distillers Ltd.

Introduction In the previous column in which I examined whether Guyana was prepared for First Oil in 2020, I wrote that the situation is not irretrievable but that “there need[ed] to be manpower changes and more leadership from the President.”

Energy research company Rystad told a private sector forum last Tuesday that Guyana could reap about US$20 billion in profits from the eight oil discoveries by ExxonMobil.

Introduction Today’s column wraps up my discussion of the Resource Curse.

Minister of State, Joseph Harmon yesterday met with a team of Brazilians who are interested in investing in the emerging oil and gas sector.

Precedent set in other oil-producing developing countries compel Guyana to contemplate the likely impact of the advent of oil as a factor that could exacerbate the country’s crime situation, President of the Guyana Manufacturing & Services Association (GMSA) Shyam Nokta has said.

Minister of State, Joseph Harmon was yesterday paid a courtesy call by J.

Having established an office here, oilfield services provider, Schlumberger, is currently constructing a mud plant aback the Gafoor’s Houston, East Bank Demerara Complex, and is looking for a contractor to demolish old bonds at the facility and renovate some existing ones.