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Demerara Sugar Market to Witness Huge Growth by 2029 | Associated British Foods, Florida Crystals, Guyana Sugar – Industrial IT
Leaked email sparks tiff between Guyana and T&T – Trinidad Guardian
- see attached the CPSO press release
PSC questions legitimacy of Caribbean Private Sector body: News Room
- See below the full statement issued by the Private Sector Commission (PSC):
The Private Sector Commission (PSC) this afternoon met to consider a statement attributed to Mr. Gervase Warner, President and Chief Executive Officer of the Massy Group of Companies in Trinidad and Tobago on Guyana’s Local Content Act. According to the statement, Mr. Warner proposed having the CARCOM Private Sector Organisation (CPSO) raise with the Government of Guyana and the Caricom Secretariat what he described as violations in the Act with respect to the Revised Treaty of Chaguaramas.
Guyana’s Local Content Law is in violation of the Revised Treaty of Chaguaramas: Kaieteur News (Columnist) Peeping Tom
The reaction of sections of the local private sector, to a suggestion by a regional private sector body, that the Guyana’s local content law may be in violation of the Revised Treaty of Chaguaramas, is nothing short of paranoid. One representative of a local private sector organisation is reported to have said that if the laws are indeed in contravention of the Treaty, then Guyana should withdraw from the CSME. A representative of another representative body is reported to have found the idea, of the law being in contravention of the Treaty, to be amusing.
CPSO’s threat to challenge Guyana’s Local Content Act | OilNow
I support the NRF and LCL Bills because they put Guyana first: Stabroek News (Letter to the Editor) by Lenox Shuman, MP, Deputy Speaker, Civil Aviation Advisor
I wish to express my views on the two bills recently passed in Parliament, the NRF Bill and the Local Content Bill. Having finally and fully studied the NRF bill, and its conformity to the Santiago Principles, I reiterate my complements to the Government of Guyana for tabling and now passing this piece of legislation. We are at a critical juncture in the history of Guyana, and I recommend that we all take a little time to pause and examine the plusses of this bill. While I am constrained in Parliament, by the Joinder agreement which binds the tri-party agreement and voting, I express my support for the NRF bill.
Mr Warner could not be unaware that Trinidad has had one of the most stringent local content regimes: Stabroek News (Letter to the Editor) by Christopher Ram
An internal communication from Mr. Gervase Warner, President and CEO of the Massy group in Trinidad suggests that the CARICOM Private Sector Organisation (CPSO) will be employed to pursue what the Memo claims are the several violations of the Revised Treaty of Chaguaramas embedded in the recently passed Local Content Act of Guyana. To make matters worse, Mr. Warner tells his colleagues that he would delegate to a Guyanese, Mr. Suresh Beharry, the task of assisting with the communications strategy and to approach the Government of Guyana.
Beharry says he fully supports Guyana’s local content legislation, denies being tasked with lobbying government for changes: OilNOW
Guyanese businessman Suresh Beharry, Chairman of Edward B. Beharry and Company Limited, said on Thursday he fully supports the South American country’s Local Content Legislation and is in no way playing a role in lobbying the Guyana government for changes to the framework. “Social media posts and news stories in the last 48 hours state that our client, Suresh Beharry, had been “tasked” to intercede with the authorities in Guyana on a matter concerning apparent limits to CARICOM nationals doing business in Guyana, in the context of the recently enacted Local Content Act,” Beharry said in a statement through Public Relations firm, Tagman.
T&T undercutting Guyana’s Local Content goals – Guyana Times
Head of Medical Council points out double standards of CARICOM private sector body – News Room Guyana
Outrage over regional objections to local content law: Operators in Guyana’s healthcare system bemoan duplicitous treatment of local products – Guyana Times
All Guyanese must unite to reject efforts to undermine our local content law – Guyana Times
Better Days Ahead: Guyana Chronicle (Editorial)
AS the economy continues to show higher levels of growth and development, Guyanese can expect to benefit from a much higher standard of living. Already there are some positive indications that people are better off, not only in terms of more money in their pockets but also in terms of the quality of service they obtain from government services. According to Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, the economy grew in 2021 by 18.5 per cent which is an extraordinary development given current trends where the impact of the pandemic and climate change had resulted in the slowing down or contraction of the growth rates of most economies in the region and in the world as a whole.
Use ‘oil money’ to provide income tax relief, increased pensions, grants, improved infrastructure – Demerara Waves Online News- Guyana
Oil fund could repair crumbling infrastructure, improve health, education systems – Minister Indar – Department of Public Information
Pressing development needs may require transparent, early withdrawals from oil fund – Department of Public Information
The NRF Bill/Law – Kaieteur News
It is time a thorough scientific investigation be done on the low fish harvesting issue: Stabroek News (Letter to the Editor) by Narissa Deokarran
Is there credible evidence to explain why fishermen are experiencing low catches? With reference to the Stabroek News article titled ‘Liliendaal fishers lament low catches’ published on January 11, I’m wondering if there is any credible evidence gathered through studies conducted by scientists in Guyana, or other relevant personnel/entities, to substantiate the widespread claims that low catches or scarcity of fish is directly linked to oil exploration and drilling presently occurring in Guyana. These sorts of articles come across as mere speculation and fail to provide the public with even a fraction of proof.
Oil platform contractor launches mangroves programme on East Coast: Stabroek News, Guyana Times
Oil platform contractor, SBM Offshore and the National Agricultural Research and Extension Institute (NAREI) on Tuesday officially launched the Annandale/Friendship Mangrove Restoration Project. A release from the company yesterday said that the project launch and stakeholders’ engagement was hosted at Tipperary Hall, Buxton, East Coast Demerara. This followed the unveiling of the project’s billboard at Annandale. The project entails the construction of a 400-metre geotextile tube groyne field, and the propagation and planting of 20,000 mangrove seedlings.
Newspaper Publisher files historic legal challenge to ‘oppressive, discriminatory’ tax provisions in Exxon Stabroek Block Contract: Kaieteur News
Publisher, Glenn Lall, in an historic move, filed a case in Guyana’s High Court on Thursday, which challenges some of the most repressive tax provisions of the Stabroek Block Production Sharing Agreement (PSA) with ExxonMobil and its partners, Hess Corporation and CNOOC Petroleum Guyana Limited. The case which was prepared and filed by his Attorney-at-Law, Mohamed R. Ali, outlines that many of the provisions listed under Article 15.1 of the Petroleum Agreement, dated June 27, 2016 between the Guyana Government and the oil companies, grants exemptions to persons other than licensees, which violate the Petroleum Exploration and Production Act, the Financial Administration (and Audit) Act, the Prevention of Discrimination Act, and the Constitution.
Direct earnings from O&G sector climbs to US$607.8M: Guyana Chronicle
–with payment for eighth oil lift
GUYANA’S rapidly growing Natural Resources Fund (NRF) has closed off 2021 with a balance of US$607.8 million, which is in excess of G$126.9 billion. This was according to Minister of Natural Resources, Vickram Bharrat, who, in an invited comment on Thursday, said that this increase is owed to payments received for the country’s eighth oil lift, which took place in November last. Based on calculations, this means that the country was paid approximately US$73.8 million or more than G$15.4 billion for its latest oil sale of about one million barrels.
Ambassador Hinds disappointed with media report on Guyana: Guyana Chronicle
GUYANA expects and welcomes the attention it has been receiving ever since the discovery of oil offshore, mid-2015, by a subsidiary of Exxon with its non-operating partners from Hess and CNOOC. We consider all the attention to be well intended, concerned that we Guyanese should receive our fair share and even a bit more, and warning of the many dangers ahead – the resource curse. However, some reports might unwittingly be having a negative effect, adding to the contentious turmoil in our country, and intensifying our impatience with our still-to-be-developed condition.
Just about total control of oil wealth: Kaieteur News (Editorial)
We pointed to it from Day One when the NRF 2021 Bill first made its shocking late year appearance, and was still to be finalised into law. From the inception, we had it right, and as more of the finer underlying arrangements come to light, the more disgusted it sounds, smells, and looks. In a nutshell, this Natural Resource Fund Act of 2021, as it currently stands, is an abomination. And we say this because there is almost total control of its Board of Directors in the dirty hands and dirty minds of Guyanese politicians. This is a recipe not just for disaster and tragedy but also for societal deterioration and eventual collapse.
Even with oil, the poor will be with us: Stabroek News (Columnist) The Minority Report by Akola Thompson
It was not so long ago that any conversation surrounding the oil industry was one that was cloaked in hope. For the majority however, this hope would quickly transform into fear and apathy as evidence of the resource curse began to take centre stage… With significant declines in both the quality and quantity of their catches, fishers intimated that they have been facing extreme losses due to oil exploration activities. Added to this is the most recent occurrence where fishers stated that vessels operating for ExxonMobil are denying them access to traditional fishing sites. This has resulted in them experiencing high overhead costs and debt based on their new inability to provide for their families.
SBM Offshore launches mangrove restoration project in Guyana: OilNOW
SBM Offshore in collaboration with the National Agricultural Research and Extension Institute (NAREI), on Tuesday officially launched the Annandale/Friendship Mangrove Restoration Project in Guyana. The project launch and stakeholders’ engagement was hosted at Tipperary Hall, Buxton, East Coast Demerara and followed the unveiling of the project’s billboard at Annandale. The project involves the construction of a 400-metre geotextile tube groyne field, and the propagation and planting of 20,000 mangrove seedlings. It will offer coastal protection from the sea and feature community participation. The project will also be internationally certified.
Petroleum Commission Bill among items on packed legislative agenda – Nandlall – Guyana Times
Agri. officials in aggressive push to regain lost regional markets – News Room Guyana
Exxon has sanctioned development of about 560,000 bpd so far in Guyana | OilNow
Exxon CEO’s attendance at February forum here shines industry spotlight on Guyana: Stabroek News
Last week’s confirmation that ExxonMobil’s Chairman and Chief Executive Officer Darren Woods will travel to Guyana to attend next month’s International Energy Conference and EXPO Guyana 2022 places the country in the international oil and gas spotlight in a manner that comes close to equalling the international response to the May 2015 announcement by the global energy powerhouse that it had accessed several billions of barrels of recoverable oil in the Stabroek Block, offshore Guyana.
Oil locks Guyana in “boom cycle”; forecast to achieve world’s highest GDP growth rate: OilNOW
Guyana’s development partner, the World Bank, has noted that the South American nation is locked in a “boom cycle” due to its oil resources and is therefore projected to achieve the highest Gross Domestic Product (GDP) growth rate in 2022. In its latest Global Economic Prospects Report, the financial institution said, GDP was 21.2% last year while it is projected to climb to 49.7% this year on account of the Liza Phase Two Project coming on stream in the first quarter.
So far only Stabroek has delivered the goods…what’s next? | OilNow
Guyana Oil and Gas Market Trend Shows a Rapid Growth by 2028: Exxon Mobil Corporation, Hess Corporation, CNOOC International and CGX Energy. – Industrial IT
Media report on oil block ‘recklessly repeats malicious distortion’, says former Guyana Prime Minister: OilNOW
Former Prime Minister of Guyana Samuel Hinds, now the country’s Ambassador to the USA and OAS, says a report which appeared in several sections of the media on the offshore Canje block recklessly repeats malicious distortion of the facts. Below is a statement from Ambassador Hinds: Guyana expects and welcomes the attention it has been receiving ever since the discovery of oil offshore, mid-2015, by a subsidiary of Exxon with its non-operating partners from Hess and CNOOC. We consider all the attention to be well intended, concerned that we Guyanese should receive our fair share and even a bit more, and warning of the many dangers ahead – the resource curse.
Maersk Drilling awarded one-well extension for Suriname campaign: OilNOW
TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in March 2022 in direct continuation of the rig’s previously agreed work scope. The contract value of the extension is approximately USD 20.5m, including integrated services provided.
Rystad Energy – 2021 – a year of rebound
Oil Prices Stay High as Output From OPEC and Others Falls Behind – The New York Times
Green Energy in Ecuador: A Powerful Mining Potential, but at What Cost?
Venezuela: The decline of an oil giant
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