Feb 13, 2023
…says Gov’t. acting in oil company’s interest by refusing to change deal Kaieteur News – With four oil projects already approved, and two presently pending the approval of the Environmental Protection Agency (EPA), the Leader of the Opposition, Aubrey Norton believes that “conditions are ripe” for Guyana to seek changes to the lopsided 2016 Production...
Feb 09, 2023
Gas-to-Energy Projects… – If deals not made public, ask Govt. why? – Int’l Group urges Kaieteur News – For countries blessed with significant natural gas reserves, capturing those resources for use via gas-to-energy projects are often times, an obvious option for consideration. But the manner in which contracts governing these projects are framed can have...
Feb 06, 2023
Four years later… …Patterson says Guyana now at the mercy of oil company Kaieteur News – As Guyana scales up its oil production activities and begins revelling in revenue from its newfound natural resource, the country has been struggling to keep up with the oil company’s spending. Failure to keep watch on this crucial sector...
Feb 05, 2023
Kaieteur News – For more than two years, Vice President (VP) Dr. Bharrat Jagdeo has condemned every voice that dared to remind him of the People’s Progressive Party Civic (PPPC) government’s promise to renegotiate the lopsided Stabroek Block contract. He out rightly rejected the notion that the party ever made such utterances. A 2019 interview...
Feb 03, 2023
Last Updated on Friday, 3 February 2023, 6:26 by Denis Chabrol by GHK Lall Thanks Minister of Natural Resources, Mr. Vickram Bharrat (Minister) for disclosing that the long overdue, much-anticipated, audit report of Exxon’s US$7.3B in expenses is on tap for March. That is, March 2023. What was initially scheduled for September 2022, then December...
Jan 16, 2023
By: Davina Bagot Kaieteur News – For decades, successive Governments have kept quiet on Guyana’s petroleum sector, an issue which the present ruling People’s Progressive Party (PPP) administration must take responsibility for. This is according to Mr. Fredrick Collins, Head of the Transparency Institute Guyana Inc (TIGI), a local watchdog body that advocates for good...
Jan 09, 2023
… industry operators say Minister cannot give company permission Kaieteur News – The 2016 Production Sharing Agreement (PSA) that Guyana has with Exxon Mobil and partners require them to have insurance to conduct its oil business here in Guyana. They must have insurance for property loss, pollution, employee liability and asset coverage among others. It...
Dec 29, 2022
…Govt. playing with fire with no parent guarantee for oil spills Kaieteur News –Upon reflection of the Government’s management of the oil and gas sector, former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams said there are two alarming issues all Guyanese must raise their voices against. He said the citizenry ought to...
Dec 28, 2022
Kaieteur News – A 2022 Report by IHS Markit has flagged the Government’s control of state agencies, particularly those responsible for the management of the oil sector, as being a means of fast tracking and facilitating project approvals in the oil and gas sector. The document titled ‘Guyana aims to strengthen institutions to avoid petro-state...
Dec 25, 2022
-Guyana has received 15m barrels in profit This month marks three years since oil production began here for which this country has received some 15 million barrels in profit but there is still no Petroleum Commission to regulate the sector despite solemn promises by senior officials of the current administration. The 15 million barrels plus...
