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...

… 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...

…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...

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...

-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...

…as Govt. allows companies to show disrespect for Laws – Int’l Lawyer Kaieteur News – International Lawyer and Transparency Advocate, Melinda Janki, is convinced that the People’s Progressive Party Civic (PPP/C) Government is more interested in serving the interests of players in the oil industry even if it means leaving the citizenry worse off. In...

Kaieteur News – With Vice President (VP), Bharrat Jagdeo throwing his support behind, ExxonMobil’s claim that Guyana was getting 52% profit from the oil resources in the Stabroek Block, Kaieteur News Publisher, Glenn Lall, said this assertion could not be further from the truth. He also said that as head of the petroleum sector here,...