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. This topic was identified as one of the strategic development challenges that the Government of Guyana (GoG) faces as it plans to spend its coming sizeable petroleum revenues.
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.
Representatives from several government agencies that will have a role in the export of crude oil participated in a half-day ExxonMobil workshop last week, according to a release from the Ministry of Natural Resources.
Dear Editor, Oil is coming and are we prepared on the socio/community level when reading headlines like ‘’Trinidad and Tobago may have the highest murder rate in history this year, if the current crime rate continues’’?.
Dear Editor, Reference is made to the letter `Use of gas from Liza wells raises serious questions’ (SN Jul 24) by one Mr.
Even as Attorney General Basil Williams and team continue to “fine tune” draft legislation for a Natural Resources Fund (NRF), a Green Paper will soon be presented to the National Assembly, with fiscal responsibility and debt sustainability key among its contents.
Introduction Because of the amount of material I still have left to cover and the usual space limitations, today’s column is confined towards advancing the discussion of the Governance Curse.
Dear Editor, In 2016, some 36 percent of the revenue of the entire nation of Mongolia came from just one company — a copper mine.
Even as Guyana readies itself for the imminent exploitation of oil and gas and for the management of the revenues to be derived therefrom, Chief Executive Officer of Demerara Distillers Ltd.
Introduction In the previous column in which I examined whether Guyana was prepared for First Oil in 2020, I wrote that the situation is not irretrievable but that “there need[ed] to be manpower changes and more leadership from the President.” I suggested that President Granger needed “to take charge before it is too late.” As if on cue, the President was reported on the same day expressing a high level of confidence that “by the end of August or thereabouts the Guyanese people will see a Department of Energy with which they are satisfied”.
Energy research company Rystad told a private sector forum last Tuesday that Guyana could reap about US$20 billion in profits from the eight oil discoveries by ExxonMobil.
Introduction Today’s column wraps up my discussion of the Resource Curse. This is the second of the top ten development challenges, which I have said the Government of Guyana’s (GoG) spending of fiscal take from its oil wealth has to navigate in the coming years.