NRF following Santiago Principles doesnโt 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 Exxonโs books alone wonโt stop revenue leakages-Petroleum Advisor
According to the Production Sharing Agreement (PSA) with ExxonMobil, the Government of Guyana has the right to audit ExxonMobilโs books. But Petroleum Advisor to...
Blanket exemptions on Imports, Exports for Exxon not consistent with intโl best practices- Expert
โIf 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...
Angolaโs PSA package would be a useful template for Guyana-Canadian Law Professor
As Guyanaโs Energy Department prepares to revise the nationโs model Production Sharing Agreement (PSA), international analysts believe that the authorities here would find Angolaโsย ...
Govt. engages World Bank on assistance to develop oil sector
Prime Minister, Moses V. Nagamootoo and Finance Minister, Winston Jordan recently held discussions with a high-level, five-member team from the World Bank regarding assistance...
Dept. of Energy issues several tenders to help with cost recovery, review of Liza...
The Department of Energy has issued several tenders for international experts to, among other things, assist Guyana in a cost recovery audit and the...
Tax exemptions for oil sector have to be tempered- Petroleum Advisor to...
โNow that certain parts of offshore Guyana have been de-risked, an opportunity is before us to examine the exorbitant tax concessions granted to operators...
Legislation for oil sector to be strengthened before first oil โDr. Bynoe
Head of the Department of Energy, Dr. Mark Bynoe has assured that every effort is being made to ensure that Guyanaโs legislative framework is...
