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Tuesday, December 12, 2017

Yearly Archives: 2017

Guyana legislators approve US$5.3M natural resources work programme

Guyana’s legislators on Tuesday approved - unchallenged in the National Assembly - the Ministry of Natural Resources US$5.3M (G$1.1B) 2018 work programme of which...

ExxonMobil makes discovery off Equatorial Guinea

Fresh off its Turbot-1 well discovery in the South American nation of Guyana, ExxonMobil has made a discovery at the Avestruz-1 well drilled offshore...

Finance Minister says no rules broken with special account for signing bonus

Guyana’s Minister of Finance, Winston Jordan, has defended the deposit of an US$18M ‘signing bonus’ into a special account at the Bank of Guyana,...

Multi-sector stakeholder group to steer Guyana O&G sector

The Guyana Government has embarked on the establishment of a multi-sector stakeholder committee for the oil and gas sector which it hopes will comprise...

Oil price hits 30-month high after North Sea pipeline closure

(The Guardian) The price of oil has hit a 30-month high after the owner of a major North Sea pipeline said it could be...

North Sea oil and gas pipeline repairs could take three weeks, say operators

(Belfast Telegraph) The pipeline has been shut to repair a crack in the pipe which was discovered last week during a routine inspection south...

Of Disclosures and Confidentiality

The public enjoys the right, not a privilege, to know about the decisions of its elected representatives and the government, which is acting on...

St Lucia PM renews appeal for information on controversial Oil Exploration Agreement

(CARIBBEAN NEWS NOW) – Some four years after then leader of the opposition in Saint Lucia, Stephenson King, wrote to the governor general, Dame Pearlette...

Private sector officials say making local content too prescriptive can hurt industry

As discussions continue on the nature and type of local content mechanism Guyana should adopt in order to ensure businesses in the South American...

“We did pay a US$18M signing bonus” – Exxon Country Manager

Country Manager of ExxonMobil Guyana, Rod Henson, told media representatives on Sunday evening that the company did indeed pay a US$18M signing bonus to...

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