{"id":3194,"date":"2021-12-27T12:15:50","date_gmt":"2021-12-27T12:15:50","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=3194"},"modified":"2022-01-11T14:25:21","modified_gmt":"2022-01-11T18:25:21","slug":"guyana-news-updates-december-24-26-2021","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/guyana-news-updates-december-24-26-2021\/","title":{"rendered":"Guyana News Updates &#8211; December 24-26, 2021"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-style-default\"><img fetchpriority=\"high\" decoding=\"async\" width=\"400\" height=\"200\" src=\"https:\/\/energiesnet.com\/espanol\/wp-content\/uploads\/2021\/12\/manchester-trade-5.jpg\" alt=\"\" class=\"wp-image-3581\" srcset=\"https:\/\/energiesnet.com\/espanol\/wp-content\/uploads\/2021\/12\/manchester-trade-5.jpg 400w, https:\/\/energiesnet.com\/espanol\/wp-content\/uploads\/2021\/12\/manchester-trade-5-300x150.jpg 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/figure>\n\n\n\n<p><strong>Deeper integration of CARICOM countries cannot wait &#8211; Caribbean News Global<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-caribbean-news-global wp-block-embed-caribbean-news-global\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"oPC4HMCvvt\"><a href=\"https:\/\/caribbeannewsglobal.com\/deeper-integration-of-caricom-countries-cannot-wait\/\">Deeper integration of CARICOM countries cannot wait<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Deeper integration of CARICOM countries cannot wait&#8221; &#8212; Caribbean News Global\" src=\"https:\/\/caribbeannewsglobal.com\/deeper-integration-of-caricom-countries-cannot-wait\/embed\/#?secret=d73aSi3wfV#?secret=oPC4HMCvvt\" data-secret=\"oPC4HMCvvt\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Ashni Singh to meet bankers on investment vehicles for savings \u2013 President<\/strong><strong>:<\/strong>&nbsp;<a href=\"https:\/\/www.stabroeknews.com\/2021\/12\/23\/news\/guyana\/ashni-singh-to-meet-bankers-on-investment-vehicles-for-savings-president\/\">Stabroek News<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>President Irfaan Ali says that he has charged Senior Minister within the Office of the President with responsibility for Finance, Dr Ashni Singh, to meet with bankers and representatives from the Private Sector Commission (PSC) to chart a way forward that will be beneficial to the business community and ordinary Guyanese alike.&nbsp;\u201cThe interest rates on savings would not help the ordinary people who are saving or encourage ordinary people to save.&nbsp;<\/p>\n\n\n\n<p><strong>Submission of master plan to authorities by oil companies imminent:<\/strong>&nbsp;<a href=\"https:\/\/guyanachronicle.com\/2021\/12\/24\/submission-of-master-plan-to-authorities-by-oil-companies-imminent\/\">Guyana Chronicle<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u2013with new Local Content Legislation<\/p>\n\n\n\n<p>EVERY oil company and its sub-contractor must provide to the government a Local Content Master Plan that lays out the companies\u2019 overall objectives. This is a requirement included in the government\u2019s Local Content Bill, which was tabled in the National Assembly last week. In the Bill, it is stated that every master plan must include an employment, procurement and capacity development sub-plans; the quality and quantity criteria required for the supply of goods and the provision of services, and a statement and estimate of the value of local content to be acquired, delivered and rendered for.<\/p>\n\n\n\n<p><strong>Oil and gas sector: Guyanese will experience more benefits in coming years \u2013 ExxonMobil<\/strong><strong>:<\/strong>&nbsp;<a href=\"https:\/\/guyanatimesgy.com\/oil-and-gas-sector-guyanese-will-experience-more-benefit-in-coming-years-exxonmobil\/\">Guyana Times<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u2026says activities in Region 3 to soar in 2022<\/p>\n\n\n\n<p>In response to recurring issues with the flash gas compressor on the Liza Destiny Floating, Production, Storage and Offloading (FPSO) vessel, ExxonMobil Guyana will be replacing the piece of equipment with a redesigned model that would reduce flaring below pilot levels.&nbsp;\u201cAt ExxonMobil Guyana, our teams strive for continuous improvement in our operations and environmental performance. In early 2022, we expect to install a new redesigned flash gas compressor on the Liza Destiny, and we will commission the gas injection system on the Liza Unity utilising lessons learned from our first project,\u201d the company\u2019s President, Alistair Routledge, said in a statement on Thursday.<\/p>\n\n\n\n<p><strong>ExxonMobil boasts of \u201cvery safe year\u201d in Guyana despite two years of flaring:&nbsp;<\/strong><a href=\"https:\/\/www.kaieteurnewsonline.com\/2021\/12\/24\/exxonmobil-boasts-of-very-safe-year-in-guyana-despite-two-years-of-flaring\/\">Kaieteur News<\/a><\/p>\n\n\n\n<p>Recalling the safety performance for the year, he disclosed that there were hundreds of days across offshore operations without a recordable safety incident. Routledge also classified 2021 as an outstanding year for ExxonMobil Guyana, despite the challenges of the COVID-19 pandemic. \u201cWe have been able to overcome operational issues and deliver on volume targets including five cargos to the Government of Guyana. We\u2019ve also continued our wonderful exploration success. Again, people tend to forget that this is a frontier exploration acreage, and we shouldn\u2019t expect the kind of success we\u2019ve seen,\u201d Routledge outlined.<\/p>\n\n\n\n<p><strong>Local participation in ExxonMobil\u2019s operations increases by 1,000 this year:<\/strong>&nbsp;<a href=\"https:\/\/guyanachronicle.com\/2021\/12\/24\/local-participation-in-exxonmobils-operations-increases-by-1000-this-year\/\">Guyana Chronicle<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u2013Routledge says company recorded an \u2018outstanding\u2019 2021<\/p>\n\n\n\n<p>LOCAL participation in ExxonMobil\u2019s onshore and offshore operations increased by 1,000 persons this year, taking the total number of people serving the company\u2019s activities to 3,270. In an overview of 2021, the oil giant said that, in addition to that, ExxonMobil Guyana and its prime contractors have also spent more than US$540 million with over 800 unique Guyanese vendors. The company said that the launch of the $20 billion Greater Guyana Initiative in February 2021 was another tangible expression of its commitment to bringing value to lives of Guyanese.<\/p>\n\n\n\n<p><strong>Local Content Bill closes loopholes for favouritism, monopolies \u2013 Guyana Attorney General | OilNow<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-oilnow wp-block-embed-oilnow\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"PMTr2jDk9k\"><a href=\"https:\/\/oilnow.gy\/featured\/local-content-bill-closes-loopholes-for-favouritism-monopolies-guyana-attorney-general\/\">Local Content Bill closes loopholes for favouritism, monopolies \u2013 Guyana Attorney General<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Local Content Bill closes loopholes for favouritism, monopolies \u2013 Guyana Attorney General&#8221; &#8212; OilNOW\" src=\"https:\/\/oilnow.gy\/featured\/local-content-bill-closes-loopholes-for-favouritism-monopolies-guyana-attorney-general\/embed\/#?secret=IIL7uLmPSG#?secret=PMTr2jDk9k\" data-secret=\"PMTr2jDk9k\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Local content targets can be adjusted if we overestimate or shortchange ourselves &#8211; Nandlall | OilNow<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-oilnow wp-block-embed-oilnow\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"KarCpsuZTK\"><a href=\"https:\/\/oilnow.gy\/featured\/local-content-targets-can-be-adjusted-if-we-overestimate-or-shortchange-ourselves-nandlall\/\">Local content targets can be adjusted if we overestimate or shortchange ourselves &#8211; Nandlall<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Local content targets can be adjusted if we overestimate or shortchange ourselves &#8211; Nandlall&#8221; &#8212; OilNOW\" src=\"https:\/\/oilnow.gy\/featured\/local-content-targets-can-be-adjusted-if-we-overestimate-or-shortchange-ourselves-nandlall\/embed\/#?secret=2hzZDONAbH#?secret=KarCpsuZTK\" data-secret=\"KarCpsuZTK\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>To benefit from oil &amp; gas opportunities, private sector readies for local content register \u2013 News Room Guyana<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-news-room-guyana wp-block-embed-news-room-guyana\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"KijaysHqce\"><a href=\"https:\/\/newsroom.gy\/2021\/12\/24\/to-benefit-from-oil-gas-opportunities-private-sector-readies-for-local-content-register\/\">To benefit from oil &#038; gas opportunities, private sector readies for local content register<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;To benefit from oil &#038; gas opportunities, private sector readies for local content register&#8221; &#8212; News Room Guyana\" src=\"https:\/\/newsroom.gy\/2021\/12\/24\/to-benefit-from-oil-gas-opportunities-private-sector-readies-for-local-content-register\/embed\/#?secret=aM2ykMpPbP#?secret=KijaysHqce\" data-secret=\"KijaysHqce\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>GUYANA: OIL: \u2018Don\u2019t rush the National Resources Fund (NRF) Bill\u2019 \u2013 David Patterson | Guyanese Online<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-link is-provider-guyanese-online wp-block-embed-guyanese-online\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Ve6812XgPj\"><a href=\"https:\/\/guyaneseonline.net\/2021\/12\/24\/guyana-oil-dont-rush-the-national-resources-fund-nrf-bill-david-patterson\/\">GUYANA: OIL: \u2018Don\u2019t rush the National Resources Fund (NRF) Bill\u2019 \u2013 David&nbsp;Patterson<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;GUYANA: OIL: \u2018Don\u2019t rush the National Resources Fund (NRF) Bill\u2019 \u2013 David&nbsp;Patterson&#8221; &#8212; Guyanese Online\" src=\"https:\/\/guyaneseonline.net\/2021\/12\/24\/guyana-oil-dont-rush-the-national-resources-fund-nrf-bill-david-patterson\/embed\/#?secret=SiZN80bMPh#?secret=Ve6812XgPj\" data-secret=\"Ve6812XgPj\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>\u2018Don\u2019t rush the bill\u2019:&nbsp;<\/strong><a href=\"https:\/\/www.kaieteurnewsonline.com\/2021\/12\/24\/dont-rush-the-bill\/\">Kaieteur News<\/a><\/p>\n\n\n\n<p>&nbsp;\u2013 Opposition needs three months to scrutinise NRF bill<\/p>\n\n\n\n<p>\u2013 says Govt. rushing to quickly put hands on oil money<\/p>\n\n\n\n<p>Shadow Oil and Gas Minister, David Patterson has accused the Peoples Progressive Party (PPP) of forcing the critical National Resources Fund (NRF) Bill into legislation, so as to quickly access the fund. The NRF is one of the latest Bills laid in the National Assembly and outlines the way in which the earnings from oil and gas production are to be spent. In fact, the Bill was tabled only on December 16 and is slated to be debated on December 29 and passed.<\/p>\n\n\n\n<p><strong>Jagdeo, Norton at odds on reduced Natural Resource Fund oversight committee \u2013 Demerara Waves Online News- Guyana<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-demerara-waves-online-news-guyana wp-block-embed-demerara-waves-online-news-guyana\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"wEMkX2sxWo\"><a href=\"https:\/\/demerarawaves.com\/2021\/12\/26\/jagdeo-norton-at-odds-on-reduced-natural-resource-fund-oversight-committee\/\">Jagdeo, Norton at odds on reduced Natural Resource Fund oversight committee<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Jagdeo, Norton at odds on reduced Natural Resource Fund oversight committee&#8221; &#8212; Demerara Waves Online News- Guyana\" src=\"https:\/\/demerarawaves.com\/2021\/12\/26\/jagdeo-norton-at-odds-on-reduced-natural-resource-fund-oversight-committee\/embed\/#?secret=uKF9pbRga8#?secret=wEMkX2sxWo\" data-secret=\"wEMkX2sxWo\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Proposed NRF legislation most transparent model \u2013 VP Jagdeo &#8211; Guyana Times<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-guyana-times wp-block-embed-guyana-times\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"X2j94KUPiI\"><a href=\"https:\/\/guyanatimesgy.com\/proposed-nrf-legislation-most-transparent-model-vp-jagdeo\/\">Proposed NRF legislation most transparent model \u2013 VP Jagdeo<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Proposed NRF legislation most transparent model \u2013 VP Jagdeo&#8221; &#8212; Guyana Times\" src=\"https:\/\/guyanatimesgy.com\/proposed-nrf-legislation-most-transparent-model-vp-jagdeo\/embed\/#?secret=dSHv3fyeV8#?secret=X2j94KUPiI\" data-secret=\"X2j94KUPiI\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>AG Office boosts capacity for oil audits:&nbsp;<\/strong><a href=\"https:\/\/www.kaieteurnewsonline.com\/2021\/12\/24\/ag-office-boosts-capacity-for-oil-audits\/\">Kaieteur News<\/a><\/p>\n\n\n\n<p>\u2026gets help from Canadians, staffer at University in London<\/p>\n\n\n\n<p>The Audit Office of Guyana is boosting its capacity in anticipation of its role in Guyana\u2019s still nascent oil and gas industry and has since turned to the Canadian Audit and Accountability Foundation for assistance. Additionally, one of the office\u2019s staffer is currently pursuing a Master\u2019s Degree in Oil and Gas at the University of Bedfordshire London. This was disclosed by Auditor General, Deodat Sharma, who in his 2020 report, noted that \u201cbeing cognizant of the discovery of oil in Guyana, the Audit Office has been anticipating and planning for our role in the Oil and Gas Sector.\u201d<\/p>\n\n\n\n<p><strong>Guyana should set up National Oil Company to penetrate veils of distrust:&nbsp;<\/strong><a href=\"https:\/\/www.kaieteurnewsonline.com\/2021\/12\/24\/guyana-should-set-up-national-oil-company-to-penetrate-veils-of-distrust\/\">Kaieteur News<\/a><\/p>\n\n\n\n<p>\u2026create more win-win opportunities \u2013former Staatsolie Boss<\/p>\n\n\n\n<p>If Guyanese authorities are desirous of strengthening the State\u2019s oversight as well as its position as leader of its oil industry, then a National Oil Company (NOC) is the way to go, says former Head of Suriname\u2019s NOC, Staatsolie, Mr. Rudolf Elias. During a recent interview on Kaieteur Radio, Elias said, \u201cI think the most important thing that Guyana should do is it should open a National Oil Company. This is not because I was the Chief Executive Officer of one but I worked there for so long and I saw the power and knowledge it afforded Suriname.\u201d<\/p>\n\n\n\n<p><strong>ExxonMobil pays Guyana $930M for flaring of gas:<\/strong>&nbsp;<a href=\"https:\/\/guyanachronicle.com\/2021\/12\/24\/exxonmobil-pays-guyana-930m-for-flaring-of-gas\/\">Guyana Chronicle<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>GUYANA, through the Environmental Protection Agency (EPA), has received approximately $930 million (US$4.5 million) in payments from ExxonMobil for the flaring of gas at the Liza Phase One operation in the lucrative Stabroek Block, offshore Guyana. The figures, initially released by petroleum website, OilNow, were confirmed by Head of the EPA, Kemraj Parsram, who emphasised that the money collected is \u201ccumulative.\u201d He reminded that the penalty for flaring, as calculated locally, is US$45 per tonne, which is an increase from the US$30 as was previously agreed to.<\/p>\n\n\n\n<p><strong>EXXON\u2019s Guyana offshore successes toast of World Petroleum Congress oil chatter<\/strong><strong>:<\/strong>&nbsp;<a href=\"https:\/\/www.stabroeknews.com\/2021\/12\/24\/business\/exxons-guyana-offshore-successes-toast-of-world-petroleum-congress-oil-chatter\/\">Stabroek News<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>Recent media reports seen by the Stabroek Business indicate that EXXON Mobil, the lead player in Guyana\u2019s oil exploration and recovery pursuits have been \u2018talking up\u2019 what one report describes as the company\u2019s \u201castronomical oil exploration success offshore Guyana.\u201d Much, reportedly, is being said by the US oil giant about its \u201cmore than 20 discoveries (offshore Guyana) which have yielded more than 10 billion barrels&nbsp;&nbsp; in proven oil reserves in just six years\u201d according to a recent report sourced to the American market analysts S&amp;P Global Platts.<\/p>\n\n\n\n<p><strong>Better interest rates from banking sector, building \u2018One Guyana\u2019 on Ali\u2019s radar:&nbsp;<\/strong><a><\/a><a href=\"https:\/\/oilnow.gy\/featured\/better-interest-rates-from-banking-sector-building-one-guyana-on-alis-radar\/\">OilNOW<\/a><\/p>\n\n\n\n<p>Focus on how the banking sector in Guyana can play a bigger role in national development and how every Guyanese can benefit from the economic explosion in the new oil producing South American country are on the radar of President Irfaan Ali. The Guyanese head of state on Thursday called for greater networking within the private sector to create more investment opportunities and navigate the global supply chain challenges. Mr. Ali made these remarks during a Christmas breakfast hosted in honour of the Private Sector Commission (PSC) at State House, according to a press release from the Office of the President.<\/p>\n\n\n\n<p><strong>Safe operations, multiple discoveries and big local spend mark outstanding year in Guyana for Exxon:&nbsp;<\/strong><a href=\"https:\/\/oilnow.gy\/featured\/safe-operations-multiple-discoveries-and-big-local-spend-mark-outstanding-year-in-guyana-for-exxon\/\">OilNOW<\/a><\/p>\n\n\n\n<p>President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to \u201cNobody Gets Hurt\u201d. Recalling the safety performance for the year, he disclosed that there were hundreds of days across offshore operations without a recordable safety incident. \u201cThe crew onboard the Liza Destiny FPSO for instance has reached more than 800 days without a recordable incident,\u201d he pointed out. \u201cIt is a value for us that people are looked after, and that the workplace is safe. We take care of one another.\u201d<\/p>\n\n\n\n<p><strong>Guyana celebrates two years as an oil producer:&nbsp;<\/strong><a href=\"https:\/\/www.inewsguyana.com\/guyana-celebrates-two-years-as-an-oil-producer\/\">iNews<\/a><\/p>\n\n\n\n<p>December 20, 2019, marked a new, historic era for Guyana and its people. It was the day when ExxonMobil began producing light sweet crude offshore Guyana in the world-renowned Stabroek Block. Since then, not only has Guyana benefitted from billions of dollars in revenue and investment from this lucrative sector, but massive, transformative opportunities have presented themselves for the country, its people and indigenous businesses.<\/p>\n\n\n\n<p><strong>\u2018Important that Guyanese benefit from our operations\u2019 \u2013 says ExxonMobil\u2019s Routledge:<\/strong>&nbsp;<a href=\"https:\/\/www.inewsguyana.com\/important-that-guyanese-benefit-from-our-operations-says-exxonmobils-routledge\/?fbclid=IwAR1bk9MGp02Gsie5IUWrnI_MyFXP8FMRlT-RD9gNsa_QJdt1YA_hst1BbrY\">iNews<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to \u201cNobody Gets Hurt\u201d. Recalling the safety performance for the year, he disclosed that there were hundreds of days across offshore operations without a recordable safety incident. \u201cThe crew onboard the Liza Destiny FPSO for instance has reached more than 800 days without a recordable incident,\u201d he pointed out. \u201cIt is a value for us that people are looked after and that the workplace is safe. We take care of one another.\u201d<\/p>\n\n\n\n<p><strong>Two fundamental laws that will shape Guyana\u2019s energy development:&nbsp;<\/strong><a href=\"https:\/\/oilnow.gy\/featured\/two-fundamental-laws-that-will-shape-guyanas-energy-development\/\">OilNOW<\/a>&nbsp;<strong>(Columnist) by<\/strong>&nbsp;<strong>Arthur Deakin<\/strong><\/p>\n\n\n\n<p>With 300 million barrels of oil per discovery and an 80% success rate, the largest energy company in the Americas, ExxonMobil, said that Guyana\u2019s \u201cnumbers are incredible.\u201d Exxon added that it will inject US$30 billion into the country to develop its oil blocks\u2014nearly six times the size of the country\u2019s 2020 GDP. The numbers are overwhelming, but few people understand the actual implications of how this will transform the local and regional scenario.<\/p>\n\n\n\n<p><strong>Guyana &amp; Suriname will be producers for 100 years- former Staatsolie CEO | OilNow<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-oilnow wp-block-embed-oilnow\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"byPotJ6e4z\"><a href=\"https:\/\/oilnow.gy\/featured\/guyana-suriname-will-be-producers-for-100-years-former-staatsolie-ceo\/\">Guyana &#038; Suriname will be producers for 100 years- former Staatsolie CEO<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Guyana &#038; Suriname will be producers for 100 years- former Staatsolie CEO&#8221; &#8212; OilNOW\" src=\"https:\/\/oilnow.gy\/featured\/guyana-suriname-will-be-producers-for-100-years-former-staatsolie-ceo\/embed\/#?secret=CsM1K1cAcB#?secret=byPotJ6e4z\" data-secret=\"byPotJ6e4z\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>IMF greenlights $688 million for Suriname:&nbsp;<\/strong><a href=\"https:\/\/oilnow.gy\/featured\/imf-greenlights-688-million-for-suriname\/\">OilNOW<\/a><\/p>\n\n\n\n<p>The International Monetary Fund on Wednesday approved a program to rebuild Suriname\u2019s foreign reserves, which will disburse $688 million over a three-year period, $55 million of which will be distributed immediately, Reuters reported. The program seeks to bring down public debt, upgrade Suriname\u2019s monetary and exchange rate policy framework, stabilize the country\u2019s financial system and strengthen institutional capacity to address instances of money laundering and corruption, among other objectives, the IMF said in a statement.<\/p>\n\n\n\n<p>Dr. David E. Lewis<br>Vice President<br>Manchester Trade Ltd. Inc.<br>International Business Advisors<br>2200 Pennsylvania Avenue NW \u2013 4<sup>th<\/sup> Floor<br>Washington, DC 20037Tel 202-507-5669<\/p>\n\n\n\n<p>Email: <a href=\"mailto:DavidLewis@ManchesterTrade.com\">DavidLewis@ManchesterTrade.com<\/a><br>Web: <a href=\"http:\/\/www.manchestertrade.com\/\">http:\/\/www.ManchesterTrade.com<\/a><br>Skype: ManchesterTrade.Lewis<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deeper integration of CARICOM countries cannot wait &#8211; Caribbean News Global Ashni Singh to meet bankers on investment vehicles for savings \u2013 President:&nbsp;Stabroek News&nbsp;&nbsp; President Irfaan Ali says that he has charged Senior Minister within the Office of the President with responsibility for Finance, Dr Ashni Singh, to meet with bankers and representatives from the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/energiesnet.com\/espanol\/guyana-news-updates-december-24-26-2021\/\"> <span class=\"screen-reader-text\">Guyana News Updates &#8211; December 24-26, 2021<\/span> Leer m\u00e1s &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":3968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[48],"tags":[],"class_list":["post-3194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-comentario-del-dia"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/3194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/comments?post=3194"}],"version-history":[{"count":0,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/posts\/3194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media\/3968"}],"wp:attachment":[{"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/media?parent=3194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/categories?post=3194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energiesnet.com\/espanol\/wp-json\/wp\/v2\/tags?post=3194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}