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Petrobras, ExxonMobil in strategic alliance

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Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of...
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Cabinet approved receipt of signing bonus, Foreign Affairs advised on special account – Greenidge

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The Guyana Government continues to defend its handling of the negotiation and receipt of a US$18M ‘signing bonus’ from US Oil Major, ExxonMobil, this time placing its position on record in the National Assembly, saying too the ‘clandestine’ deposit...
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US$18M ‘signing bonus’ will eventually be placed in Consolidated Fund – Finance Minister

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Guyana’s Finance Minister Winston Jordan says CGX Energy must be commended if they did indeed pay US$10M in legal fees on behalf of Guyana several years ago stemming from a maritime dispute with Suriname. Mr. Jordan said unlike that...
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World Bank to cease O&G financing; Norway declines funding Guyana efforts

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The World Bank has announced that it will no longer finance upstream oil and gas after 2019. The announcement came on Tuesday at the One Planet Summit convened by President Emmanuel Macron of France, United Nations Secretary General Antonio...
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DDL partners with T&T distributor for ‘natural gas pilot’

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Trinidad and Tobago based ICON LNG Holdings Ltd. and local beverage giant Demerara Distillers Limited (DDL) on Wednesday formally launched their pilot project in Guyana, substituting in part, conventional fuels for cleaner Liquefied Natural Gas (LNG) for power generation. Held...
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Non-disclosure of signing bonus not intended to deceive says Guyana President

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Guyana’s President David Granger told reporters on Wednesday that as Head-of-State he made the decision not to disclose the payment of a US$18M signing bonus received from ExxonMobil affiliate; Esso Exploration and Production Guyana Ltd (ESSO). Mr. Granger said setting...
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Guyana perception of corruption score “unacceptably low” – British High Commissioner

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Guyana continues to record unacceptably low scores in the annual Transparency International (TI) Corruption Perceptions Index, a state of affairs that Government, in cooperation with the private sector, must collaborate to address, urges the UK’s chief diplomat in the...
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Private sector group views police action in Guyana Parliament as threat to democracy

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Following upheaval in Guyana’s Parliament Chamber on Monday stemming from a Member of Parliament (MP) refusing to vacate his seat after being ordered to do so by the Speaker of the National Assembly, and the subsequent intervention by police...
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New survey shows White House now considered most corrupt institution in America

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The results of a survey released Tuesday by Transparency International show that compared to early 2016 more Americans now believe corruption is on the rise in the US and that the White House is the most corrupt of nine key...
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Fmr Guyana President says CGX Energy did not pay ‘signing bonus’

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Former Guyana President, Bharrat Jagdeo, has denied that Canadian Oil Exploration Company CGX Energy paid a ‘signing bonus’ to the then administration - monies that were used to pay legal fees for the Guyana/Suriname border dispute some years ago. The...
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Eco Atlantic remains upbeat about stake in South America’s mega hotspot   

Eco (Atlantic) Oil & Gas Ltd. has reaffirmed its focus on Guyana, a key area for hydrocarbon exploration, where...

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