Guyana Oil and Gas News

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.

Introduction Today’s column considers the second topic in my list of the top ten developmental challenges, which the spending of Guyana’s significant estimated Government Take from the petroleum sector must navigate.

(Trinidad Guardian) Fishermen are bracing for losses after an abandoned oil well ruptured in the Gulf of Paria, shooting emissions of oil and gas 40 feet up from the seabed.

Introduction Inspired by the May 20, 2015 announcement by ExxonMobil that it had made the largest discovery of petroleum resources for that year off the coast of Guyana, this column with the title Road to First Oil began, coincidentally, on May 26, 2017 and was expected to run for approximately twenty-five weeks.

Dr Jan Mangal, former petroleum adviser to President David Granger yesterday disclosed on his Facebook page that someone in government had proposed sole-sourcing the sale of Guyana’s oil to mining and commodities giant, Glencore.

(Jamaica Observer) Andrew Wheatley has been stripped of the energy portfolio in his ministry as the Government moves to cauterise the haemorrhaging it has been suffering from the Petrojam scandal.

Dear Editor, Regarding the article in SN dated 02-Jul-2018 titled: `National oil company for Guyana would be a disaster – Jan Mangal’ This article does not reflect the two posts on social media from which I believe they were based.