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Proposed amendments to elections laws inadequate – Civil Society Group: Kaieteur News
The pro-democracy group- Article 13 is calling on the government to extend the duration of the public consultation for the proposed amendments to the Representation of the People Act (ROPA), even as they said the proposals are “inadequate and unsatisfactory and fail to address some of the more fundamental problems associated with elections. The civil society group comprised of prominent and outspoken Guyanese such as Chartered Accountant and Attorney-at-Law, Christopher Ram and telecommunications specialist, Yog Mahadeo; Economist, Ramon Gaskin among others.
Article 13 urges more time for electoral reform consultations: Stabroek News
-says fundamental areas excluded
Civil society group, Article 13 on Saturday called for the extension of consultations for proposed electoral reforms and warned that key areas had been neglected in the draft changes presented by the government. “Article 13 calls on the Government to immediately extend the period of consultation which ends on December 17, and to engage in meaningful consultation with the people of the country. The laid down procedure lacks transparency, shuts out large segments of the population and fails to address the fundamental issues affecting elections in Guyana since Independence fifty-five years ago”, a statement on Saturday from the group said.
Banking sector needs to move to more digital approach – Brassington – Guyana Times
https://guyanatimesgy.com/banking-sector-needs-to-move-to-more-digital-approach-brassington/
Guyana to set targets for oil companies – NationNews Barbados
https://www.nationnews.com/2021/11/26/guyana-set-targets-oil-companies/
A lesson for Guyana…French Oil company sends auditors on fishing expedition in Mozambique: Kaieteur News
– as hundreds of millions in ineligible costs detected
– Guyana still to scrutinise billions of US dollars expended by Exxon
Natural gas discoveries in the Rovuma Basin off the coast of northern Mozambique are among the most significant in the world. The discoveries are of such massive quantities that their development can easily catapult the African nation to being a top gas exporting powerhouse.In light of this, French multinational, Total S.A, Italy’s ENI and other oil companies have spent billions behind the development of the gas resources, which are spread across two concessions Area 1 and Area 4.
Amazon deforestation is rising. Guyana offers a rare bright spot | Environment News | Al Jazeera
Environmentalist raps Exxon over lack of comprehensive baseline study on fishing: Stabroek News
…consultant says studies meet `international standards’
Environmentalist Simone Mangal-Joly has taken ExxonMobil, its partners and the consulting firm, ERM to task over the lack of a comprehensive fishery baseline study as part of the impact assessment for the oil giant’s Yellowtail development. Yellowtail will be Exxon’s fourth oil extraction project in the Stabroek Block offshore Guyana and is said to be its largest investment thus far. As part of the Yellowtail Project, ExxonMobil plans to drill between 40 and 67 wells for the 20-year duration of the investment. It is intended to be the largest of the four developments with over 250,000 barrels of oil per day targeted once production commences.
Guyana to end 2021 on high note: Guyana Chronicle
— with close to US$600M in NRF as country receives final oil lift for the year
ALTHOUGH oil prices have dipped because of a new COVID-19 variant which was detected in South Africa, Brent – the benchmark Guyana uses to sell its crude – still remains over US$70 per barrel of oil, giving Guyana an opportunity to end the year with over US$600 million in its Natural Resource Fund (NRF). Revenues reaching close to US$70 million could be earned from the sale of the country’s final oil lift for this year, which was completed by the company producing offshore Guyana, ExxonMobil, a few days ago. Minister of Natural Resources, Vickram Bharrat, confirmed on Sunday that the country received its final lift and it will soon be exported.
Guyana completes 5th, final lift of 1M barrels of oil for 2021: Guyana Times
…crude sold by Aramco as per 12-month agreement
Guyana has officially completed its fifth and final oil lift for the year, with a little over one million barrels of oil being lifted from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel and sold by Saudi Aramco. This was confirmed by Natural Resources Minister Vickram Bharrat, in an exclusive interview with this publication. In fact, he noted that the Government had been aiming for six lifts this year. However, the problems ExxonMobil experienced with its flash gas compressor on board the Liza Destiny, necessitated that sixth lift being pushed back.
Guyana sells last million barrels of oil for 2021 through Aramco – News Room Guyana
https://newsroom.gy/2021/11/29/guyana-sells-last-million-barrels-of-oil-for-2021-through-aramco/
Increase beneficial ownership screening in oil industry to reduce corruption risks – NRGI advises: Kaieteur News
In light of the fact that the oil and gas sector is prone to corruption, Guyana is being urged to increase beneficial ownership screening so as to reduce the sector’s risk to corruption. This was recently noted by the Natural Resource Governance Institute (NRGI), an independent non-profit organisation dedicated to improving countries’ governance over their natural resources. Since 2015, the institution has been providing advice to Guyana’s authorities. The Institute noted that in most natural resource-rich countries, when a company is seeking the right to explore for or produce oil, gas or minerals, sector, rules require that regulators check some basic information before granting the company a license and accompanying contract.
Expert says major oil discoveries outside of Stabroek Block is almost certain: OilNOW
While the 6.6 million acres Stabroek Block remains the largest license under exploration and development in Guyana where the motherload of commercial hydrocarbons have been found, one expert says it is almost certain that substantial discoveries will eventually be made at the adjacent blocks. “I think that there definitely is going to be commercial finds outside the Stabroek Block. I think Stabroek Block is of course the most promising block that we’ve seen, and that’s where we have the most advanced data that helps kind of reinforce these finds, because once you draw one successful commercial well in one area it’s much easier to draw another one because you see what works and what didn’t work,” Arthur Deakin, Co-Director at Americas Market Intelligence (AMI) Energy Practice told OilNOW in a recent interview.
Prioritizing cleaner crude reservoirs could be key part of Exxon’s aggressive low carbon plans: OilNOW
ExxonMobil says it intends to use its super technology, expertise and over US$15 billion to aggressively pursue lower greenhouse gas emission initiatives in the coming years as it looks to play a major role in support of global emission reduction goals. “To that point, we are on track to meet our 2025 emission-intensity reduction goals by the end of this year – four years earlier than anticipated,” Darren W. Woods, Exxon’s Chairman and Chief Executive Officer said.
Australia aiming to secure 20 more years of gas supply: OilNOW
(S&P Global Platts) Australia’s federal government released a plan on November 26 aimed at shoring up the country’s gas supply for the next 20 years so that the industry can meet anticipated growing LNG demand out to 2035 and domestic needs. “The Morrison government is serious about gas and acknowledges the important role it plays supporting jobs, food production, manufacturing, industry, exports and energy supply,” Australia’s minister for industry, energy and emissions reduction Angus Taylor said Nov. 26 in a press release on the plan, known as the National Gas Infrastructure Plan, or NGIP.
Friday’s plunge in oil prices overdone – Brent rebounds to $76: OilNOW
(Reuters) – Oil rebounded by almost 5% on Monday to $76 a barrel as some investors viewed Friday’s slump in oil and financial markets on concern about the Omicron coronavirus variant as overdone. While the World Health Organisation has warned that understanding the variant’s severity could take time running into weeks, a South African doctor who has treated cases said symptoms of the variant were so far mild. Brent crude was $3.41, or 4.7%, higher at $76.13 by 0920 GMT, after sliding $9.50 on Friday. U.S. West Texas Intermediate (WTI) crude was up $3.07, or 4.5%, at $71.22, having tumbled $10.24 in the previous session.
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