Guyana Oil and Gas News

Conservation International-Guyana (CI-G)  and the ExxonMobil Foundation last Monday launched their US$10 million partnership which aims to advance a sustainable economy through investments in education, research, sustainable management and preservation of the country’s ecosystem, The two will be working along with the University of Guyana (UG) and the Arizona State University (ASU).

On  Wednesday, the government published its Green Paper on the Sovereign Wealth Fund (SWF) which will guide how oil revenues from 2020  and onwards are managed.

Canadian oil and gas exploration company CGX Energy Inc. on Friday evening held a naming and blessing ceremony for its next offshore oil exploration well, “Utakwaaka,” which is to be drilled by November next year in the Corentyne Block.

Introduction Today’s column continues the discussion on absorption capacity. This is on my list of top-ten development challenges, which spending of Guyana’s expected significant Government Take from first oil and first gas will have to contend with, starting 2020.

Dear Editor, I wasn’t sure whether to laugh, giggle or yawn upon reading Dr.

Following the suggestion by Working People’s Alliance (WPA) executive member Professor Clive Thomas that Guyana should commit a percentage of its oil revenue to direct cash transfers to citizens in order to combat poverty, the party has vowed to lobby government to adopt and implement the policy.

Although saying he supports conditional transfers to citizens, Opposition Leader Bharrat Jagdeo has cast doubt on Working People’s Alliance (WPA) Executive Professor Clive Thomas’ suggestion of introducing cash transfers for every household from expected oil revenues, while dismissing it as a ploy for the 2020 general elections.

Dear Editor,  I refer to two articles published in the Guyana Chronicle and Stabroek News on Friday, August 10, 2018, under the respective captions – `No evidential basis for cash payouts – President Granger’ and `No evidence to support proposal for cash payouts from oil money – Granger’.

Dear Editor, I know Professor Clive Thomas to be a patriot who has over the years championed the cause of our people.

Dear Editor, I have noticed that Clive Thomas has started an interesting debate around the concept of cash transfer of potential oil revenues and I must confirm that I agree with the general thesis of Mr.

It’s official. With effect from August 1st,  Raphael Trotman is no longer in control of the oil portfolio following the establishment of the Department of Energy.

Dear Editor, The recent announcement by ExxonMobil that it has increased its estimate of Guyana’s petroleum reserves to four billion barrels of oil equivalent is good news for Guyana.

Noting that no proposal for a cash payout to be made to households from oil revenue has reached his desk, President David Granger yesterday said that he is yet to see the evidential basis to support such a suggestion.

(Part 54) Introduction Events marking Emancipation Day saw two significant statements from two leading Afro-Guyanese leaders, President David Granger and Professor Clive Thomas.

Dear Editor, The proposal by Professor Clive Thomas of the distribution of cash from the projected oil revenue to every Guyanese household caught me by surprise.

HOUSTON/PUNTO FIJO, (Reuters) – Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.

Dear Editor, Being a member of the diaspora, I must confess to general ignorance of local conditions.

Dear Editor,  Dr. Clive Thomas, erstwhile anti-imperialist and dependency theorist, now a state functionary in the neo-liberal APNU+AFC government, said that the government should give US$5,000 from the oil revenue to each Guyanese household annually.

Dear Editor, With both major parties wedded to the belief that they must be good ambassadors for Exxon’s Esso, the race to genuflect lower before Exxon, has already cost Guyana billions of dollars.

Regardless of what multilateral agencies may advise, Guyanese must pressure the government to tap monetary rewards from oil revenues if this country wants to have true equity and see a real lowering of poverty, economist, Professor Clive Thomas yesterday said.