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Guyana News Updates – January 19, 2022

articipants going through oil spill training drills during a CDC/ExxonMobil exercise

GECOM still to address local gov’t elections preparations, electoral reforms: Stabroek News  

With six key positions yet to be addressed along with a work plan for the hosting of the constitutionally overdue Local Government Elections (LGE) and responding to the government’s amendments to the Representation of the People Act (RoPA), the Guyana Elections Commission (GECOM) spent most its meeting yesterday on secondary matters. The procurement of a new biometric clock-in system for its Kingston, George-town headquarters dominated the discussion and left very little time to address the other matters, according to Commissioners Vincent Alexander and Sase Gunraj.

Guyana Court of Appeal sends APNU+AFC election petition matter to Caribbean Court of Justice: Demerara Waves  

The Guyana Court of Appeal on Tuesday granted leave to the government and the People’s Progressive Party to appeal a decision to the Caribbean Court of Justice (CCJ). Chancellor of the Judiciary, Yonette Cummings made her decision in keeping with the CCJ Act and she also ordered that the applicants/intended appellants lodge GY$750,000 with the Supreme Court as security for costs within 90 days from Tuesday. They also have to provide within 90 days a list of the documents to be provided in the appeal. The Guyana Court of Appeal also ordered that its decision on December 21 be stayed until the CCJ hears and determines the matter.

Granger continues to hold on as representative of APNU+AFC list: Kaieteur News

– as Yearwood resigns from the post for ANUG

Social activist, Jonathan Yearwood has announced his resignation as the representative of the list for A New and United Guyana (ANUG) and political commentators say former President David Granger should do likewise with his party currently locked in a leadership dispute. “This letter serves to inform all members of the public, who may be interested, that I have formally resigned from the position of Representative of the List for the A New and United Guyana political party. Last year I resigned from the Executive Council and as a member of the party. However, because of the ongoing confusion within the GECOM and their subsequent search for a Chief Election Officer, I had withheld my resignation.

Govt. looks to cement control of oil fund board: Kaieteur News

– tables motion for government-dominated Parliamentary committee to nominate director

Government has tabled a motion to mandate the Parliamentary Committee of Appointments of which it has the majority to select a nominee to sit on the controversial board of directors of the Natural Resources Fund – the mechanism set up to manage the proceeds from this country’s oil resources. The full members of the appointments committee are government ministers: Gail Teixeira, Dr. Vindhya Persaud; Kwame McCoy, PPP/C Members of Parliament Alister Charlie and Yvonne Pearson-Fredericks. For the coalition the members are: Khemraj Ramjattan; Nicolette Henry; Tabitha Sarabo-Halley and Annette Ferguson.

Pres. Ali meets with Surinamese investorsiNews

President Dr Irfaan Ali and a team of Government officials met with a group of Surinamese investors at the Office of the President on Shiv Chanderpaul Drive today. The delegation discussed a range of investment opportunities in the hospitality industry and the agriculture sector. President Ali was joined by Senior Minister within the Office of the President with responsibility for Finance, Dr Ashni Singh; Minister of Agriculture, Zulfikar Mustapha; Minister of Tourism, Industry and Commerce, Oneidge Walrond and the Head of the Guyana Office for Investment, Dr Peter Ramsaroop.

Presidents Ali, Santokhi & Bolsonaro for Thursday meeting in Suriname: News Room

As South American neighbours with major prospects in oil and gas, President Irfaan Ali of Guyana, President Chandrikapersaud Santokhi of Suriname and Brazil’s Jair Bolsonaro will meet on Thursday, January 20 for a working lunch. That meeting will take place in Suriname’s capital, Paramaribo after which the Brazilian Head of State is expected to travel to Guyana on the invitation of Dr. Ali. While Guyanese authorities have released little details on the visit, a press release from the Brazilian Foreign Ministry (Governo do Brazil) noted that Bolsonaro will be in Georgetown on Friday, January 21. Several government officials here confirmed the President’s visit to Suriname on Thursday.

Leaders of South American oil nations set for talks this week: OilNOW

Guyana’s President Dr. Mohamed Irfaan Ali is scheduled to make a working visit to Paramaribo on Thursday to meet with the President of the Republic of Suriname, Chandrikapersad Santokhi, and the President of Brazil, Jair Bolsonaro. According to an update from the Office of the President in Georgetown, the leaders are expected to discuss the formation of an energy corridor, oil and gas and other natural resources opportunities, among areas of common interest. On Friday, President Bolsonaro and a team of officials are expected to travel to Georgetown for a one-day official visit with President Ali and his team of ministers.

Budget 2022: Private Sector interested in infrastructure, reduced electricity costs: Guyana Times  

As Government continues to prepare Budget 2022 to bring it to the National Assembly, the Private Sector is on the lookout for areas of interest to benefit the business community. Chairman of the Private Sector Commission (PSC), Paul Cheong told media operatives that the needs of the business sector at this time are still being ventilated. However, crucial is allocation for further infrastructural enhancement and efforts to reduce electricity costs for producers. “We are still fine-tuning that right now. We need to continue with the infrastructure development.

T&T firms get all of the contracts for vessel-cleaning in Guyana’s oil sector: Kaieteur News

– ExxonMobil says company here gearing to take over business

At present, all Marine Support Vessel (MSV) tank cleaning operations needed for Guyana’s oil industry are conducted by companies in Trinidad and Tobago. This is according to ExxonMobil’s Comprehensive Waste Management Plan (CWMP) submitted to Guyana’s Environmental Protection Agency (EPA) last year. The document was prepared by the American multinational in keeping with the requirements of the Payara Environmental Permit that demanded same be done. According to the report, the cleaning process employed in Trinidad is manual and generates large volumes of washwater and solids.

No Banking/Financial licence here for First Citizens Bank of T&T – Bank of Guyana – News Room Guyana

Guyana’s oil money not tied up in any deals – Department of Public Information

EPA mum on next step for Yellowtail approval process: Stabroek News  

The process for the submission of comments and objections concerning the Environmental Impact Assessment (EIA) for ExxonMobil’s Yellowtail Development Project concluded over one month ago but the EPA remains silent as to what the next step will be. The Yellowtail project is ExxonMobil and partners’, fourth development in the Stabroek Block and is considered the largest undertaking since Guyana became an oil-producing nation. As part of the Yellowtail Project, ExxonMobil plans to drill between 40 and 67 wells for the 20-year duration of the investment. Over 250,000 barrels of oil per day will be targeted once production commences.

Opposition to grill Govt. on audits of Exxon’s billion-dollar expenses: Kaieteur News

Opposition Member of Parliament (MP) David Patterson has submitted several questions to the National Assembly, seeking answers from the government on ExxonMobil’s outstanding audits, dating back to 2017. The queries have already been approved by the House Speaker, Manzoor Nazir, and published on the Notice Paper. The National Assembly will meet on Monday next week. Patterson has so far asked that the Minister of Natural Resources, Vickram Bharrat, say whether his ministry has approached ExxonMobil for an extension of the deadline to facilitate the auditing of the company’s US$ 9B expenses, and if so, the MP has also requested that the minister provide the House with documents including the response from Exxon.

Guyana, US stakeholders working towards improving local oil spill response plan – News Room Guyana

‘If not now, then when’: Guyana gov’t targeting 50 million barrels by 2026: OilNOW

The number of major oil projects to be sanctioned globally in 2022 is anticipated to be in the mid-30s, double the 2021 figure and higher than pre-covid levels; a possible sign of an ‘if not now, then when’ mentality, says UK-based consultancy group, Wood Mackenzie. With the focus on advantaged barrels, greenfield Final Investment Decisions are dominated by low-breakeven, low-carbon deepwater projects, mainly located in the U.S. Gulf of Mexico, Brazil, Guyana, and West Africa. “A significant uptick in upstream investment is expected, with overall global upstream investment of over US$400 billion in 2022, up 9% from last year,” WoodMac said in a new analysis.

Exxon announces ambitious plans for net zero emissions by 2050: OilNOW

ExxonMobil on Tuesday announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero ambition is contained in the company’s Advancing Climate Solutions – 2022 Progress Report, formerly known as the Energy & Carbon Summary. The net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions and builds on ExxonMobil’s 2030 emission-reduction plans, which include net-zero emissions for Permian Basin operations and ongoing investments in lower-emission solutions in which it has extensive experience, including carbon capture and storage, hydrogen and biofuels.

To Develop Oil, Guyana and Suriname Could Set Back Climate Goals

https://www.worldpoliticsreview.com/articles/30258/to-develop-oil-guyana-and-suriname-could-set-back-climate-goals

Brazil to forge energy corridor with northern neighbors | Argus Media

https://www.argusmedia.com/en/news/2293333-brazil-to-forge-energy-corridor-with-northern-neighbors

Eco (Atlantic) Oil and Gas Ltd increases stake in Exxon partner offshore Guyana

https://www.proactiveinvestors.co.uk/companies/news/971546/eco-atlantic-increases-stake-in-exxon-partner-offshore-guyana-971546.html

Frontera strikes oil, gas in Ecuador

https://www.naturalgasworld.com/frontera-strikes-oil-gas-in-ecuador-95544

High-impact drilling focused on the Americas, Africa | Offshore

https://www.offshore-mag.com/drilling-completion/article/14223930/highimpact-drilling-focused-on-the-americas-africa

Dr. David E. Lewis
Vice President
Manchester Trade Ltd. Inc.
International Business Advisors
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Washington, DC 20037
Tel 202-507-5669

Email: DavidLewis@ManchesterTrade.com
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