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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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China winter gas binge pushes it toward number 2 LNG buyer spot

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(Bloomberg) China is ahead of schedule on its way to becoming the second-largest importer of liquefied natural gas. The nation, already the world’s top energy user, is on the verge of passing South Korea to become the No. 2 buyer...
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Shell, Repsol among big names pursuing natural gas production in Bolivia

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(Hart Energy) Bolivia’s gas industry could begin 2018 on a positive note, following years of low exploration investment that shrank gas reserves as production increased amid less demand from its top customer Brazil. The country is working to boost investment...
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Guyana legislators approve US$5.3M natural resources work programme

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Guyana’s legislators on Tuesday approved - unchallenged in the National Assembly - the Ministry of Natural Resources US$5.3M (G$1.1B) 2018 work programme of which US$145,000 (G$30M) has been allocated for oil gas related activities next year. Included in the allocations...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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