Oil & Gas

Thirty-four companies on Tuesday submitted expressions of interest (EOIs) to sell Guyana’s oil exports over a period of 12 months. The EOIs were opened by the National Procurement and Tender Administration Board. Already, the Ministry of the Presidency’s Department of Energy has said the company that wins the bid to market Guyana’s crude will not enjoy an automatic right of ...

By GHK Lall Oil prices, the futures to be precise, went into negative territory for the first time in their volatile stormy history. For many it is like the end of the world. Yet, here are Guyanese lost in the impenetrable hazes of their own little world, who could care less. The bounty bestowed on us is now worth nothing, ...

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

By GHK Lall We reach for a mirage, we clutch at straws, we sprawl before the world. In my estimation, Guyana’s political junkyard dogfight is all about power. I am unmoving that ascending to power provides the first access to the feverishly desired control and dissipation of that opulent oil ocean out there within this country’s borders. Though those are ...

by GHK Lall I refer to the caption, “Mottley says, ‘it is clear that there are forces that do not want to see the votes recounted’” (SN March 18). I think all right-thinking Guyana should applaud the Honorable Mia Mottley for stepping forward to share her thoughts and speak her mind. That her message comes across clearly and unambiguously, despite ...

By GHK Lall The High Court will meet again on Tuesday, then what? It will rule shortly after on a way forward, then what? I can say this with utter confidence: it is inevitable that one group would feel vindicated and triumphant, while the other would think that it has been denied and delayed. If that was the end of ...

The 100 percent-owned Guyanese recruitment company, Pandora Energy, says it has made significant progress in hiring Guyanese to work on vessels associated with the exploration and production of oil in Guyana and several other countries, after initially experiencing stiff foreign competition. “For some time, we found it difficult to secure contracts to provide manpower services to the offshore clients operating ...

Over 50 businesses participating in the upcoming Guyana Trade and Investment Exhibition (GuyTIE) 2020 scheduled for May, 2020, benefitted from capacity-building sessions in the key areas of trade facilitation and corporate social responsibility (CSR) over the course of three days. CSR is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR ...

Guyana is this year expected to lift and sell five million barrels of crude oil being extracted from the Liza-1 well from the ExxonMobil-led consortium under the banner of Esso Exploration and Production Guyana Limited (EEPGL), Director of government’s Department of Energy, Dr Mark Bynoe said Tuesday. “I am happy to say that Guyana is entitled to approximately five million ...

By GHK Lall As the flurry of articles cascade on citizen and country relative to the NGO report on the negatives and failures embedded in the ExxonMobil deal, I hear and read of much passion, more quarrelsome noises, and the usual selective acceptance and rejection of a whole host of surrounding facts. Those facts are the realities with which Guyana ...