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Guyana waives import taxes to set up ‘natural gas’ refilling stations

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The Guyana Government in its push to prepare for an Oil and Gas sector has, as part of its incentive regime for the private sector, waived all Customs duties for machinery and equipment imported to set up refilling stations...
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Canadian support for private sector to tap into O&G opportunities

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Head of the Canadian Diplomatic Mission to Guyana has pledged further support from that country to the local private sector in order to fully realise the market opportunities presented by the South American nation’s emerging Oil and Gas sector. The...
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TechnipFMC opens new facility in Abu Dhabi

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(Gulf News Energy) TechnipFMC opened its 18,000 square metres new facility in Industrial City of Abu Dhabi (ICAD) as part of its continued investment in the UAE, according to a statement from the firm on Thursday. The new plant...
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House Speaker rejects motion over ‘signing bonus’

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Guyana’s political opposition, the Peoples Progressive Party Civic (PPP/C) on Friday unsuccessfully brought to the National Assembly; a motion looking to compel the government to have reflected in the State’s National Estimates as revenue, the US$18M ‘signing bonus’ it...
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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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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...

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