Dear Readers, We deeply regret having been offline for several days due to a technical issue that has now been resolved. We are still facing some minor issues that we hope will not interfere with the quality of the information provided. 
YouTube Tuesday February 1, 2022
Oil Dorado? Guyana’s Black Gold | Live Book Launch
Brazil’s Bolsonaro to visit Suriname and Guayana for talks on oil cooperation | Reuters
GuySuCo CEO sues Kaieteur News over alleged libellous articles: iNews
Kaieteur News is yet again facing another libel suit; this time, Chief Executive Officer (CEO) of the Guyana Sugar Corporation (GuySuCo), Sasenarine Singh, has filed a Statement of Claim in which he is seeking more than $100,000 in damages for libel contained in a series of articles published by the daily newspaper. Singh, through Senior Counsel Timothy Jonas, has complained that between December 16 and 28, 2021, Kaieteur News embarked on a campaign to tarnish his reputation with the publication of a series of statements disguised as letters to the editor.
APNU+AFC’s Sherod Duncan on $200K bail for cybercrime offence: News Room
-was charged under contentious Cybercrime Act passed by APNU+AFC
Opposition Member of Parliament Sherod Duncan was on Monday released on $200,000 bail for a cybercrime offence committed against Guyana Elections Commission (GECOM) IT Manager, Aneal Giddings. He was charged under the Cybercrime Act 2018 – a legislation introduced and passed in the National Assembly by his own party, the APNU+AFC during its tenure in government in July 2018. The law, which carries rigid penalties for acts of child pornography, child luring, cyber-bullying and identity theft among other offences committed in cyberspace, was heavily criticised in part by the then Opposition People’s Progressive Party (PPP).
After three years of pumping oil, Guyana still without capacity to do environmental tests: Kaieteur News
– US company setting stage to step in, location already acquired
Following a review of the facilities and equipment here, it has been found that Guyana’s laboratories do not have the capability to do proper environmental tests associated with the oil and gas sector. This was noted in ExxonMobil’s Comprehensive Waste Management Plan (CWMP) submitted to Guyana’s Environmental Protection Agency (EPA) last year. The document notes that ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) reviewed four laboratories that are in operation performing various degrees of analytical services, or have future planned operations.
Laparkan fire reportedly started where dangerous oil chemicals were stored: Kaieteur News
The popular Laparkan Shipping Company storage bond and the storage bond of another shipping company identified as Tropical Shipping Company were destroyed by a massive inferno, which started just before midnight on Sunday. The bonds are located on the premises of the Guyana National Shipping Corporation (GNIC) Wharf at Lombard and Broad Streets, Charlestown, Georgetown… The staffer also revealed that hazardous oil chemicals for the American oil giant, ExxonMobil, were stored in the bond where the fire occurred.
2022 Guyana bid round will open more acreage in prolific basin: OilNOW
By the third quarter of this year, Guyanese authorities plan to auction the nation’s remaining offshore oil blocks to international oil companies (IOC) marking a shift from the country’s earlier awards of production sharing contracts (PSCs) based on direct negotiations. Guyana is also looking to increase oil royalties for future PSCs. Vice President Dr. Bharrat Jagdeo said in order to successfully auction off these blocks, the government first has to “aggressively enforce” the relinquishment provisions in the oil contracts. Mr. Jagdeo has emphasized the need for certain policy decisions to be made. He said these relate to the importance of identifying the model of auctioning and the significance of a robust legal framework to guide this process.
Oil price hits highest point in seven years: OilNOW
(Reuters) – Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.36, or 1.6%, to $85.18 a barrel. Trade on Monday was subdued as it was a U.S. public holiday. Both benchmarks touched their highest levels since October 2014 on Tuesday.
Venezuela production hit 750,000 b/d in December but growth may not be sustainable: OilNOW
OPEC’s 13 countries pumped 28.04 million b/d of crude last December, up 190,000 b/d from the previous month, while nine non-OPEC partners pumped 13.98 million b/d, an increase of 120,000 b/d, a Platts survey found. Gains by Venezuela, Kazakhstan, Saudi Arabia, Iraq and Angola far outstripped losses by Libya and Nigeria, making December the 10th straight month that OPEC+ output increased. According to the survey, Venezuela had the largest increase in the month, as imports of Iranian condensate gave it a significant boost to operations in its Orinoco Belt, where its ultraheavy crude requires diluent to extract.
TotalEnergies, Inpex sell stakes in Angola oil fields: OilNOW
(S&P Global Platts) France’s TotalEnergies and Japan’s Inpex Corporation have signed a deal to offload their non-operated interests in Angola Block 14 and Block 14K to Angolan Company Somoil, both companies said Jan. 17. Somoil will acquire the company Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49.99%). Angola Block 14 B.V. had a non-operated interest in a handful of mature oil assets offshore Angola, namely the offshore Kuito and Lianzi oil fields.
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