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Guyana President says gov’t will comply with any court ruling on signing bonus account

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Guyana’s Head-of-State, President David Granger says his government will comply with any court ruling or legal advice stipulating that the US$18M signing bonus received from ExxonMobil affiliate Esso Exploration and Production Guyana Limited be placed in the Consolidated Fund. The...
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Guyana SWF draft Bill ready for Executive approval ahead of legislators vote

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Guyana’s government is one step closer to establishing its Sovereign Wealth Fund - meant to serve as a holding deposit for a percentage of oil and other extractive industries’ revenues for future generations - having completed its final review...
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Oil and gas supply disruptions ripple around the world

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(The Economist) Call it the hydrocarbon equivalent of the butterfly effect. As oil and gas supplies tighten during the northern winter, disruptions as remote as a hairline fracture on a piece of Scottish pipeline, and an explosion in an...
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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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Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be...

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