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Sovereign Investment Committee to aid in O&G revenue management

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The Government of Guyana is looking to establish a Sovereign Investment Committee which will be responsible for advising the Minister of Finance on investing Oil and Gas (O&G) revenues.  This was outlined in the Green Paper for the Natural Resources...
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Natural Resources Fund Green Paper for National Assembly today

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Guyana’s Natural Resources Fund Green Paper will be laid in the National Assembly for consideration and made public today, August 8, 2018, just after 14:00 hours. Minister of Natural Resources, Raphael Trotman made this disclosure during the inaugural meeting of...
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Dr. Bynoe has ‘excellent credentials…doesn’t have to be world-class expert on everything’ – Harmon

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Dr Mark Bynoe’s appointment as Head of the Department of Energy was an excellent choice since he comes with a wealth of knowledge says Guyana’s Minister of State, Joseph Harmon, in response to criticisms that Dr Bynoe may not...
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Department of Energy Head to decide if Mangal’s services needed – State Minister

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The decision to engage Former Petroleum Advisor to President David Granger, Dr Jan Mangal will now rest on the shoulders of the newly appointed Head of the Department of Energy, Dr Mark Bynoe. This is according to Minister of State, Joseph...
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WoodMac Sees ‘loosening’ of oil market towards year-end

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Wood Mackenzie sees a “loosening” of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, revealed in an interview with CNBC on Tuesday, reports Rigzone. “If you look at …...
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BP investing US$8 billion in nine new T&T projects

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BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next 10 years, according to Claire Fitzpatrick, new BPTT president. Speaking at a media...
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ExxonMobil Foundation pushing environmental protection, responsible O&G development in Guyana

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A US$10 million grant to Conservation International Guyana from the ExxonMobil Foundation is geared towards benefiting a broad cross-section of Guyanese says Kevin Murphy, President of the ExxonMobil Foundation. Speaking at the launch of the “Guyana: Resilient and One (GRO)...
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Public consultations to be held on oil revenue in Guyana

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The Government of Guyana will be holding public consultations on how oil revenues will be invested and spent. During a Press Conference on Monday, August 6, 2018, at the Ministry of the Presidency in Georgetown, Minister of State Joseph Harmon...
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Cabinet approves Natural Resources Fund Green Paper for Legislative Body

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Guyana’s Cabinet Council of Ministers has granted approval for the Natural Resources Fund Green Paper to be laid in the National Assembly for consideration. This was announced by the country’s Chief Government Spokesman and Minister of State Joseph Harmon on...
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Multi-million ExxonMobil funded development initiative to be launched

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The “Guyana: Resilient and One (GRO) initiative” which is being funded by the ExxonMobil Foundation will be launched on Monday, August 6, 2018 at the Pegasus Hotel, Kingston, Georgetown. The initiative, which will be implemented in partnership with the University...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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