Wednesday, June 29, 2022

Regional

City Chamber says ‘rent-a-citizen’ tactics run counter to local content law

The Georgetown Chamber of Commerce and Industry (GCCI) says disapproves "rent-a-citizen" and "fronting" tactics potentially being used by companies operating in Guyana's oil and gas sector, because such tactics run counter to the spirit of Guyana's local content legislation.  In...

Ramps says legal action on the cards over local content spat

Ramps Logistics’ chief executive, Shaun Rampersad came out in defense of the efforts it made to receive a Guyana local content certificate, including divestment of 51% of the company to a man with Guyanese citizenship named Deepak Lall. This...

Guyana and Suriname: How access to capital can transform frontier energy markets

By Arthur Deakin - OilNOW Back in 2010, Guyana and Suriname were not known for their hydrocarbon reserves. But now, both (neighboring countries) have discovered more than 17 billion barrels of oil equivalent and gas reserves that exceed 30 trillion...

No gas production ramp up in T&T anytime soon, outlook grim – Ramnarine

Trinidad and Tobago Prime Minister, Dr. Keith Rowley has signaled the twin island Republic’s intention to boost its natural gas production significantly before the end of this year. But the possibility does not exist, according to the former Minister...

Ramps fails in bid to operate as local company, says it ticked all the boxes

Ramps Logistics Guyana Inc. has brought forward a claim that the company was denied its Local Content certification even though it met all the requirements set. “The recently passed Local Content Act stipulates that a company must have a local content certificate...

Exxon hits back at Biden, says it invests more than any other supermajor

Like the rest of the world, American consumer pockets are under pressure by soaring fuel prices – a direct result of Russia’s invasion of Ukraine. Accusations of price-gouging and deliberately staying away from new well drilling have abounded in the...

Petrobras hiking Brazil wholesale diesel price 14.3%, gasoline 5.2%

(S&P Global Platts) Petrobras will raise wholesale diesel and gasoline prices, effective June 18, in the latest increase under the company's controversial import-parity pricing policy and the first adjustment since Brazil's Congress passed several measures aimed at reducing fuel...

Saipem bags US$25M contract to engineer Brazil-bound FPSO

Italian oil services company, Saipem, announced a US$25 million contract from floater operator, BW Offshore Limited, to provide early-stage engineering services on an oil production vessel for Shell’s Gato do Mato oil and gas field in Brazil. BW issued a limited notice to proceed (LNTP)...

TotalEnergies secures Maersk rig for new Suriname well

TotalEnergies E&P Suriname, operator of Block 58, has secured the Maersk Valiant to drill another well offshore Suriname in the third quarter. The driller said TotalEnergies exercised an option available to it, in a deal it has with Maersk, to add...

In scathing rebuke, VP Jagdeo says anti-fossil fuel lobby targeting Guyana

Guyana has been blessed with enormous oil and gas resources. The revenues from this remarkably lucrative sector can transform the country and enable its citizens to reach higher standards of living. These revenues can also buttress the diversification of...

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Guyana to resume national climate resilience strategy this year

When Guyana first earned money for the conservation of its forests, it was determined to make sure the proceeds...