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Tag Archives: Production Sharing Agreements

Guyana’s businesses must demand more local content -Trinidad’s former energy minister

Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine agrees that Guyana’s business community should demand that foreign oil and gas industry companies buy more goods and services locally, but at the same time he sees a role for partnerships between Guyanese and Trinidadian companies. Speaking with local media representatives on Thursday via Skype, Ramnarine said if international oil companies are ...

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Guyana’s plans to raise oil royalties could ‘diminish attractiveness’

Reproduced from Energy Voice By Allister Thomas Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis. Earlier this month the South American nation announced its intention to raise the government’s take in future oil licences. Analyst firm GlobalData said the country could raise royalties from the current 2% to 5%, but ...

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