Last Updated on Thursday, 17 February 2022, 0:24 by Denis Chabrol The Canadian company, Frontera, the major partner in the joint venture with CGX Energy, late Wednesday night announced that it would be spending more than US$100 million on the drilling of a second exploration well in the Corentyne Block. “Frontera and CGX anticipate spending $110-$130 million on Guyana exploration ...

Last Updated on Wednesday, 16 February 2022, 23:24 by Denis Chabrol The more than US$1 billion gas-to-shore project would not immediately produce ammonia and urea because the amount of available gas would be just sufficient to power the electricity generation plant that would be built at Wales, West Bank Demerara, the Ministry of Natural Resources said. ‘There is no commitment ...

Last Updated on Tuesday, 15 February 2022, 21:52 by Denis Chabrol The opposition Alliance For Change (AFC) and the Guyana government have disagreed over whether the administration should sell its share of oil directly or hire another crude marketer. Amid the AFC’s criticism that the government does not have the capacity to do so on its own and that Guyana ...

Last Updated on Tuesday, 15 February 2022, 20:43 by Denis Chabrol Barbados’ Prime Minister, Mia Mottley, on Tuesday proposed that new fossil fuel exporters like Guyana set aside at least 10 percent of their revenues into a fund for renewable energy, an idea that President Irfaan Ali said would require detailed study. “We believe that we should propose an accord ...

Last Updated on Monday, 14 February 2022, 15:41 by Denis Chabrol The Alliance For Change (AFC) on Monday said it was keen on nominating an expert to be a member of the Board of the Natural Resource Fund (NRF) to scrutinise spending of the oil money, while maintaining that the new NRF Act was badly structured and rammed through the ...

Last Updated on Monday, 14 February 2022, 8:01 by Denis Chabrol A Democracy and Governance Assessment prepared for the United States Agency for International Development (USAID) says Guyana’s two major political parties need to engage in power-sharing in order to manage the country’s oil wealth efficiently. Dated August 2021, the assessment cited the for the two major political parties to ...

Last Updated on Sunday, 13 February 2022, 17:31 by Denis Chabrol Article 13- a Guyanese, the  pro-inclusionary democracy organisation, on Sunday took the Guyana government to task for removing Dr Rudy Jadoopat as the Coordinator  of the Guyana Extractive Industries Transparency Initiative (GYEITI) on the fake grounds that he is a member of the Alliance For Change (AFC). The non-governmental ...

Last Updated on Sunday, 13 February 2022, 16:43 by Denis Chabrol A former Indigenous Peoples Ministerial Advisor, Mervyn Williams has dismissed claims by Vice President Bharrat Jagdeo that Amerindian people enjoy the rights to minerals. In an interview with the United States-based Vice News, Mr. Jagdeo had said that the Amerindian Act provides for Amerindians to have subsurface rights. “We ...

Last Updated on Saturday, 12 February 2022, 17:09 by Denis Chabrol Although the COVID-19 curfew has been discontinued with immediate effect, the Official Gazette continues to prohibit a range of activities including parties but allows certain activities for a maximum of 10 persons. The new order made under the Public Health Ordinance, like the previous orders, states that no person ...

Last Updated on Friday, 11 February 2022, 16:45 by Denis Chabrol IRVING, Texas – ExxonMobil today said it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Production at the Liza Unity floating, production, ...