Guyana Oil and Gas News

All the latest news and commentary on the new Guyana Oil and Gas sector. Topics include exploration, drilling, policy, impact and more.

No full-time oil and gas expert in MNR –Mangal

-says expertise urgently needed to review Liza Phase 2 plan

-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.

An ‘oil economy’ and a strategic plan for agriculture

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.

Cabinet gets Green Paper on safeguarding oil revenues

-law for natural resources fund being fine-tuned

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.

Every Man, Woman and Child Must Become Oil-Minded (Part 51)

- Getting the work done

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”.