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Chamber ‘shocked, dismayed’ by chaos in Guyana’s Parliament

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) said on Thursday it was shocked at the behaviour displayed in Guyana’s National Assembly on Wednesday as the government passed major legislation for oil and gas operations in the South American...
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Guyana advances major oil and gas legislation as pandemonium breaks out in Parliament

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Guyana on Wednesday passed major bills in Parliament, soon to be signed into law, that would advance the country’s framework for managing the rapidly expanding oil and gas sector which is set to rake in billions of U.S. dollars...
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Guyana passes landmark local content bill

OilNOW -
Guyana’s long awaited local content legislation will soon be a reality after the landmark Local Content Bill 21 of 2021 was passed today in the National Assembly. The landmark bill paves the way for local companies and citizens to participate...
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Energy Chamber fully supports wealth fund bill, says measures ensure greater accountability

OilNOW -
The Guyana Oil and Gas Energy Chamber (GOGEC) said on Wednesday it is in full support of the Natural Resource Fund Bill 2021 which government hopes to have passed soon in Parliament and signed into law. See GOGEC’s statement below: GOGEC...
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More time needed for public input on wealth fund bill, says GCCI

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The Georgetown Chamber of Commerce and Industry (GCCI) says while it commends the Guyana government for its effort at attempting to improve public accountability and transparency with respect to the management and operation of the Natural Resources Fund, more...
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Guyana has earned close to one million U.S. dollars per day in oil revenue

OilNOW -
Twenty-four months have gone by since ExxonMobil began producing oil at the prolific Stabroek Block offshore Guyana. The government has exported approximately nine million barrels of Liza Crude over this period - four in 2020 and five this year...
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Products from new Suriname seismic campaign to be available from April 2022

OilNOW -
The first products from a multi-client seismic campaign offshore Suriname will be made available from April 2022. The 3D survey which got underway in November is adjacent to the prolific Block 58 and will cover the up-dip portions of...
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Mexico will stop exporting crude to U.S. by 2023

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(S&P Global Platts) Mexico's Pemex plans to reduce crude oil exports to the US to 435,000 b/d in 2022 and to stop it completely in 2023 as the state-run company increases its refining capacity to meet domestic fuel demand,...
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Board overlooking oil fund protects country from whims of lone official, says Ali in public message

OilNOW -
Guyana’s President, Dr. Irfaan Ali on Tuesday put forward an impassioned case in support of the Natural Resources Fund (NRF) Bill 2021 which his administration laid in Parliament this month, saying key provisions in the document takes away extraordinary...
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Nasdaq says Guyana GDP will hit double digits by 2023

OilNOW -
Guyana is among the few nations in the world which managed to evade economic contraction during 2020 as massive investments fueled by the more than 10 billion barrels of oil equivalent resources found off of its coast continue to...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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