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History professor named after Cecil Rhodes axes his own role at King’s College London | Daily Mail Online
Richard Drayton, from Guyanahttps://www.dailymail.co.uk/news/article-10382373/History-professor-named-Cecil-Rhodes-axes-role-Kings-College-London.html
Organisers moving forward with February energy conference in Guyana
15-18 February 2022
U.S. set to become world’s largest LNG exporter in 2022 (NYSE:LNG) | Seeking Alpha
$200B in investment projects finalized last year – Go-Invest CEO – News Room Guyana
Guyana earns $2.6B from export of non-traditional crops – Guyana Chronicle
With oil money now available, Guyana poised for explosive development this year – News Room Guyana
Guyanese benefit from significant upgrades to infrastructure in 2021 – Guyana Times
Team led by Harvard Professor helping Guyana shape landmark development plan
MoU signed to support innovative agripreneurs in Guyana – Guyana Times
Analysis points to massive Guyana basin oil resources, huge production estimates | OilNow
BUDGET 2022: Gov’t focused on traditional financing, not oil money without approval – Dr Singh: News Room
Discussions have intensified between the leadership in the government and the various sector heads with an intention to present the 2022 National Budget soonest but there have been new assurances that traditional sources of financing remain the focus. Finance Minister Dr. Ashni Singh, who is currently leading budget consultations at the Arthur Chung Conference Centre (ACCC), told the News Room Thursday that there will be no drawing down from the Natural Resource Fund without Parliamentary approval. The Fund, for which new laws have been put in place to allow withdrawal, currently holds more than US$600 million.
Exxon, Hess helping Guyana to manage oil resources: Kaieteur News
Hess Corporation’s Chief Executive Officer (CEO), John Hess revealed on Thursday that his company and Exxon Mobil Corporation are supporting independent work being done by an international group to help Guyana devise a developmental plan for the management of its oil wealth. During a recent discussion at Goldman Sachs’ Global Energy and Clean Technology Conference-2022, the Hess Boss said the support is being provided to Michael Porter of the Harvard Business School who is part of a team in Georgetown for a project called, the Guyana Development Initiative.
New oil finds fail to quell disquiet over administering of petro dollars: Stabroek News
So accustomed have Guyanese become to continual disclosures by ExxonMobil of successive ‘world class’ oil discoveries in the Guyana/Suriname Basin that this week’s disclosure by the largest US oil producer on Wednesday January 5, that it had made two further oil discoveries in the Stabroek Block, off Guyana’s coast, an area described as one of the company’s “top bets” for production growth in the decade ahead, evoked no notable response amongst the Guyanese public as a whole.
Oil companies apply to reclaim US$20M from GRA-AG Report: Kaieteur News
There has been a plethora of commercial activities directly and indirectly related to the nascent Oil and Gas industry in Guyana and as with any other business that attracts the use of the Value Added Tax (VAT) system, this would also apply to operations in the industry. To this end, the Auditor General, in his most recent audit of government’s financial records found that applications for VAT refunds by companies in the Oil and Gas Sector, to the Guyana Revenue Authority, for the year 2020 amounted to $3.757 billion. This, the Auditor General said represented claims from 61 companies in the industry.
Guyana still in the dark about suspected oil spill- Int’l Lawyer: Kaieteur News
International Lawyer, Melinda Janki who has been championing environmental issues locally, is seeking answers from the government as well as the Environmental Protection Agency (EPA) on the oily substance that was found offshore Guyana late last year. The issue was first reported by fishermen plying their trade in various points of Guyana’s Exclusive Economic Zone (EEZ). Natural Resources Minister, Vickram Bharrat had dismissed claims about a week after the reports surfaced, saying that he was confident the substance was not oil, even though no analysis was done. It is in this regard that Janki is questioning the dismissal of claims by the fishermen.
Fangtooth-1 unlocks new play; will ‘add significantly’ to 10-billion-barrel oil resource – Hess: OilNOW
While the recent Fangtooth-1 discovery augments the list of over 20 significant finds in the Stabroek Block by operator ExxonMobil, its value should not be overlooked or underappreciated, says Hess Corporation’s Chief Executive Officer (CEO), John Hess. During Goldman Sachs’ Global Energy and Clean Technology Conference 2022 held on Thursday, Hess, who spoke extensively about the exploration outlook of Guyana, noted that Fangtooth-1 is actually the first test of the deepwater horizon of the Lower Campanian and Santonian plays. Hess said success in this relatively new territory for the partners proves his well reported conclusion that the Stabroek Block holds multi-billion-barrel exploration potential that is far beyond the 10 billion barrels of oil equivalent resources already discovered.
Barreleye, Tilapia could deliver more pay at Guyana’s largest block | OilNow
Guyana seeking consultancy firm to review Yellowtail Field Development Plan: OilNOW
The Government of Guyana is inviting highly qualified consultancy firms to submit technical and financial proposals for the review and evaluation of ExxonMobil’s Field Development Plan (FDP) for its US$9B Yellowtail Project which is targeting 250,000 barrels of oil per day at the Stabroek Block. According to the tender document seen by OilNOW, interested companies would be required to conduct an in-depth review of the Yellowtail FDP which includes all supporting and reference documentation, along with the related environmental and social impact assessments (ESIA) submitted by the Licensees.
Ali gov’t gave clear instructions for oil pursuit to be cost effective, environmentally friendly, says Hess CEO: OilNOW
While both President, Dr Irfaan Ali and Vice President, Dr. Bharrat Jagdeo have categorically stated that Guyana has a right to develop its oil resources for the benefit of its people, it has no intention of allowing the Stabroek Block partners to carry out its hydrocarbon pursuit without clear parameters from the State. According to Hess Corporation’s Chief Executive Officer (CEO), John Hess, the Ali administration has made it clear to the joint venture partners that their oil pursuit in the Guyana basin must demonstrate the highest respect for the environment while keeping a tight leash on costs.
FPSO contracts surge; Guyana contributing to global total this year – Rystad Energy: OilNOW
The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020 – a strong rebound for the FPSO market. Demand for FPSO units in Brazil was a significant contributing factor that drove 2021 growth, with seven of last year’s 10 contract awards being Brazilian projects.
‘Role remains’ – no scaling back on work for Exxon’s Business Centre with new local content laws: News Room
The ExxonMobil controlled Centre for Local Business Development (CLBD) says its role remains and there will be no scaling back of its work now that the government has put in place new local content laws targeting the country’s nascent oil and gas sector. Opened in 2017, long before the U.S oil giant made its final investment decision in Guyana, the CLBD has been a demonstration of ExxonMobil’s commitment to local content and leading the charge for locals to build capacity and benefit from opportunities in the sector.
News Room: There have been 27 profitable discoveries in the Stabroek Block, offshore Guyana. While the announcements of new oil discoveries seem almost routine, this level of success is not normal. This is according to President of ExxonMobil Guyana Alistair Routledge, who expects that there will be further successes as the oil giant continues to explore offshore Guyana. Routledge, who has decades of experience in the oil and gas industry, spoke in a pre-recorded statement issued on Wednesday.
News Room: The ExxonMobil controlled Centre for Local Business Development says its role remains and there will be no scaling back of its work now that the government has put in place new local content laws targeting the country’s nascent oil and gas sector. KURT CAMPBELL HAS THE DETAILS…
HGP Nightly News – 23:12: 2022 off to impressive start for oil sector (Fangtooth-1 & Lau-Lau-1 oil discoveries)
GUYANA: Gold Mining: Omai boasts of US$3B gold find | Guyanese Online
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