Tag Archives: oil and gas sector

ExxonMobil Guyana’s President, Alistair Routledge on Wednesday almost totally ruled out any renegotiation of the Production Sharing Agreement (PSA) because it would adversely impact on the company’s planned US$55 billion investment in Guyana. “We have no interest to invoke that Article. As I say, we’ve made US$55 billion worth of commitment to the country. To go back and to undermine ...

The opposition People’s National Congress Reform/A Partnership for National Unity (PNCR/APNU) on Wednesday unveiled plans to ask ExxonMobil to agree to change the 2016 Production Sharing Agreement (PSA) as well as set up an inspector general’s office (IGO) to go after corruption in the oil and gas sector. “Considering the vastly changed conditions since the signing of the 2016 Stabroek ...

Vice President Bharrat Jagdeo on Tuesday said he was unsurprised by President of ExxonMobil Guyana, Alistair Routledge saying there was no conflict of interest between Attorney-at-Law Nigel Hughes and that American supermajor. “It was no surprise that the representatives of Exxon took the position that Nigel Hughes is not in conflict with Exxon Mobil,” Mr Jagdeo told Demerara Waves Online ...

Leader of the Alliance For Change (AFC), Nigel Hughes on Sunday said he would not break ties from his law firm – Hughes, Fields and Stoby – which represents ExxonMobil unless he is elected to the government. “No, no! This issue really only arises if and when I become President or acquire a position of power because, then, I’m in ...

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 ...

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, ...

President of the Tourism and Hospitality Association of Guyana (THAG), Mitra Ramkumar says the emerging oil and gas sector is boosting hotel occupancy, even as his organisation is preparing to give graduates of Carnegie School of Home Economics internship and job opportunities. Ramkumar, in an address to mark the reopening of Carnegie’s Hibiscus Restaurant for the new school term, noted ...

The incumbent A Partnership for National Unity+Alliance For Change (APNU+AFC) Wednesday night promised to generate thousands of jobs in the construction of bridges and houses should it be reelected at the March 2, 2020 general elections. This was made known to about 200 party faithfuls by APNU+AFC’s Volda Lawrence at a public meeting held at Uitvlugt, West Coast Demerara. Lawrence ...

Change Guyana (CG) political party on Tuesday made a number of promises to ensure a “fair share ” of the country’s oil and gas resources are provided to ordinary Guyanese, while at the same time taking back all idle oil blocks and holding annual auctions with significant signing bonuses. “All blocks for which investors’ commitments have not been delivered to ...

President David Granger Friday night said he expected increased jobs and assured that oil revenues would be spent wisely, shortly after ExxonMobil announced that it earlier in the day began commercial oil production from the Liza field offshore Guyana. “The petroleum sector will stimulate increased employment and expand services,” he said in an address to the nation. He announced that ...