Guyana Oil and Gas News

Following searing criticism by former Advisor on Petroleum, Dr Jan Mangal that the government is unwilling to invest enough now on training and hiring of experts, Minister of State Joseph Harmon says such assertions are wrong and the administration is continuing to build capacity.

Interviews and photos by David Papannah and Shamar Meusa   This week, we asked the man and woman in the street if they have been following the developments in the oil industry and how they think they will benefit in 2020 when oil begins to flow.

Insulation of the impending Petroleum Commission must be a priority, according to oil consultant Dr Valerie Marcel.

Introduction Today’s column starts my discussion of the fourth of the top-ten development challenges that spending of Guyana’s expected significant “Government Take” will have to navigate in the coming years of oil and gas production and export.

Dear Editor, The IMF stated that mistakes were made in the setting up of contracts which would allow for benefits to Guyana.

Leader of the Opposition Bharrat Jagdeo yesterday said that his party’s concern about the soon-to-be established Department of Energy is the paucity of information that has been provided about its mandate and structure.

Considerations of space have necessitated the editing of this paper. Care has been taken to retain all of the elements believed to be relevant to reader interest.

  Introduction Surprise would be a mild word to describe the reaction of many Guyanese to the report by Minister of State Joseph Harmon that President Granger had appointed Dr.

Dear Editor, I venture one of my increasingly rare contributions into the more and more surreal world of Guyana oil. 

MARACAIBO, Venezuela,  (Reuters) – Across Maracaibo, the capital of Venezuela’s largest state, residents unplug refrigerators to guard against power surges.

Dear Editor, The discovery of oil by ExxonMobil in 2015 has put Guyana on a trajectory to receiving significant revenues.

-argues that approval for Liza Phase 1 defective -sees need for slowing down of Exxon’s planWith less than two years to first oil, former Government Advisor on Petroleum, Dr Jan Mangal says the number of  oversight personnel has to be swiftly  ramped up to monitor the current operations and  before ExxonMobil is given approval for its Liza Phase 2 Development Plan.

By Tyrone Hall Tyrone Hall is a Caribbean national with nearly a decade of experience managing some of the region’s leading environmental initiatives.

Dr Valerie Marcel, Chatham House fellow and project head of the New Petroleum Producers Discussion Group, has denied advising government to establish a National Oil Company (NOC), contrary to what Minister of Natural Resources Raphael Trotman has reported.

Guyanese on social media were euphoric last week when it was announced that the country now has at least 4 billion barrels of recoverable reserves.

Two highly respected individuals from the community of Aurora, a small village on the Essequibo coast in Region Two recently passed way at the ages of 105 years and 107 years, respectively.

Introduction To recall, today’s column wraps-up the discussion of the Governance Curse.

Government should be embracing the recent divisive New York Times report, ‘The $20 billion question for Guyana’ for not showing “the turmoil” that exists in the fledgling oil sector and “its lack of direction,” Leader of the Opposition Bharrat Jagdeo says.

One good sign in the ongoing discourse on the commencement of oil exploitation in 2020 and the implications of the returns from it for the country’s future and direction of the economy is that it is not being allowed to entirely drown out the urging that other vital sectors not be ignored.

Introduction I will resume the piece on Getting the work done next week to allow me in today’s column to address the outpouring of anger and hurt expressed by politicians, columnists, letter writers and contributors in the print and social media over an article in the New York Times one week ago.