Education, infrastructure will benefit significantly from oil money- Jordan
Finance Minister, Winston Jordan recently revealed that the government intends to use a portion of the looming oil wealth to ramp up spending in...
Agencies’ cost auditing roles for oil sector still confused-IMF
There are several agencies in Guyana which hold responsibility for auditing the oil and gas sector. These include The Guyana Revenue Authority (GRA), the...
ExxonMobil, 37 others want tougher Ethical Investment Standards for oil sector
After conducting a number of moderated sessions on the draft Natural Resource Fund Bill, 38 Civil Society Actors (one of which includes, USA oil...
Govt’s indecisiveness on oil funds will lead to waste, generate unfair outcomes- Canadian Oil...
The basic question for any country facing the prospect of significant oil revenues is how it should plan the time path of spending and...
NRF following Santiago Principles doesn’t mean it is foolproof -Canadian Oil and Gas Professor
There are a number of international standards when it comes to the governance of Natural Resource Funds (NRFs). One of the most respected of...
Strategy to combat transfer pricing in oil sector being devised-Dr. Bynoe
It is common for oil and gas companies to purchase goods such as equipment and machinery, from related parties. But quite often, these companies...
Audit of Exxon’s books alone won’t stop revenue leakages-Petroleum Advisor
According to the Production Sharing Agreement (PSA) with ExxonMobil, the Government of Guyana has the right to audit ExxonMobil’s books. But Petroleum Advisor to...
Blanket exemptions on Imports, Exports for Exxon not consistent with int’l best practices- Expert
“If you want to get the most out of the oil sector, then you first have to do an analysis of the exemptions granted...
Without revenue management laws, only a few will benefit from oil wealth- Canadian...
If the Government of Guyana has any intention of ensuring that the oil wealth benefits all Guyanese, then it would not hesitate to implement...
Angola’s PSA package would be a useful template for Guyana-Canadian Law Professor
As Guyana’s Energy Department prepares to revise the nation’s model Production Sharing Agreement (PSA), international analysts believe that the authorities here would find Angola’s ...
