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.

ExxonMobil Foundation, Conservation International launch US$10m partnership

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).

Sovereign Wealth Fund Green Paper

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.

WPA to lobby gov’t for cash payouts from oil revenues

-Jordan, Trotman say proper structure crucial for successful implementation

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.

Jagdeo calls proposed cash transfers from oil revenues elections ploy

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.