In a recent interview with the Stabroek News, outgoing United States Ambassador Sarah-Ann Lynch stated the United States government does not involve itself in negotiations on behalf of its private sector and that it acts only as a facilitator to ensure companies know what investment options are available in foreign territories.
Last Monday, the Guyana Revenue Authority (GRA) issued a media release in which it stated that it has offered no objection to the IHS Markit report that identified US$214.4 million in pre-contract recoverable costs that the Government has reasonable grounds for disputing.
Last Monday, voters in Ecuador approved of two referendums to ban oil drilling in the Yasuni nature reserve in the Amazon Basin, and mining in the Choco Andino forest outside Quito, the capital.
In the Hawaii island of Maui, at least 93 persons have died and hundreds of persons reported missing, as a result of wildfires that began last Tuesday.
Last week, Singapore’s Transport Minister, S. Iswaran, and a hotel tycoon, Ong Beng Seng, were arrested on allegations of corruption, following a probe by the Corrupt Practices Investigation Bureau.
The United States has banned former Panamanian President Juan Carlos Varela Rodriguez from entering the country because of his “involvement in significant corruption”.
For four consecutive days during last week, the Earth recorded its hottest days, with the global average temperature reaching 62.92 degrees Fahrenheit.
The Petroleum Activities Bill 2023
On 20 June 2023, the Ministry of Natural Resources released the draft Petroleum Activities Bill 2023 for public comment, with a 14-day period for doing so.
The disclosure last week of a sitting Minister of the Government and Member of Parliament (MP) accused of raping and sodomising a 16-year old girl from the indigenous community, has sent shockwaves throughout the length and breadth of Guyana and beyond its borders.
In last week’s article, we highlighted the importance of insurance coverage and/or financial guarantee for environmental damage that may be caused by the petroleum operations of ExxonMobil’s subsidiaries – Esso Exploration and Production Guyana Ltd (EEPGL), Nexen and Hess.
Last week, the Brazilian Supreme Court sentenced former President Fernando Collor de Mello to eight years and 10 months in prison on corruption and money laundering charges.
In a message for the World Day of Prayer for Care of Creation, Pope Francis stated that the world must rapidly ditch fossil fuels and end the “senseless war against creation”.
There appears to be a misconception as regards calls for the renegotiation of the 2016 Petroleum Sharing Agreement (PSA) between the Government of Guyana and ExxonMobil.
In relation to the seizure of the cellphone of the Ministry of Home Affairs’ Permanent Secretary and the revocation of her visa by the US authorities, the President reportedly stated that the Permanent Secretary was on her way to a training programme in China for the People’s Progressive Party/Civic when she was called in for a secondary inspection at Miami International Airport.