Oil & Gas

The first of several books on navigating the rules of business in Guyana is now on the market and seeks to simplify how the local content process works for both suppliers and procurers, according to author and Attorney-at-Law Brenden Glasford. Titled “Guide to Guyana’s Local Act”, the book is part of the “Guide to Guyana” series and is published by ...

High-tech Ghanaian and Guyanese companies have laid the groundwork through a joint venture to provide the Guyana government with the capacity to provide real-time monitoring of oil production and air and sea pollution among other aspects of operations, a senior official said Saturday. West Coast Gas Ghana, a leading technologies player in the monitoring and nomination services in the oil ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian Ganesh Mahipaul on Friday said his then governing coalition and ExxonMobil never agreed that the US$160 million that would be spent on building a new headquarters building at Ogle, East Coast Demerara would be recovered from oil revenues. “I’m guided that there were discussions and there was no agreement with ...

by GHK Lall I would sum up COP27 in two words. Promises, promises, promises. And dud, dud, dud. Most of those 200 plus should have done the world a favor, and stayed home. Nothing material comes out of these talkfests, so why have them? I give Gaston Browne of Antigua and Barbuda, and Barbados’s Mia Mottley a pass for sheer ...

United Kingdom parliamentarian David Lammy has turned down his selection to sit on Guyana’s Natural Resource Fund (NRF) Board, government here announced on Tuesday. Mr Lammy has been replaced by Guyanese economics professor, Compton Bourne who is a former President of the Caribbean Development Bank (CDB). President Irfaan Ali did not give specific reasons for Mr Lammy’s decision to bow ...

Guyana’s low carbon dioxide emission crude oil and break-even price of an average of U$28 per barrel have positioned the country’s reserves for a good market, even with a projected global demand of up to 50 million barrels per day by 2050 due to the shift to cleaner energy such as renewables, according to the Norway-headquartered Rystad Energy. Rystad Energy’s ...

President Irfaan Ali on Thursday said the United States (US) would be assisting Guyana in jointly assessing its hydro-electricity generation capacity. He told the opening of a Latin America and Caribbean meeting of the International Solar Alliance (ISA) that is one of the outcomes of his recent one-week visit to Washington DC where he held talks with the US Department ...

The ExxonMobil-controlled consortium that is exploring and producing crude oil in the offshore Stabroek Block has agreed to take out a US$600 million insurance “per event” to cater for any oil spill clean-up, even as talks continue for a US$2 billion parent company guarantee, Vice President Bharrat Jagdeo said Wednesday. He told a news conference that consortium named Esso Exploration ...

Vice President Bharrat Jagdeo on Wednesday indicated that the government has asked CGX Energy to relinquish parts of its offshore concessions so that they could be added to a list of areas to be auctioned later this year. He made it clear that CGX Energy, which is in a joint venture with fellow Canadian company Frontera, would be giving up ...

Governing People’s Progressive Party (PPP) parliamentarian and Attorney-at-Law, Sanjeev Datadin on Thursday night dismissed concerns by the Caribbean Private Sector Organisation (CPSO) that Guyana’s Local Content law seemed to violate regional free trade rules. Mr. Datadin said the Local Content Act does not prohibit nationals from sister CARICOM member-nations from working in Guyana’s oil and gas sector but merely concretises ...