Controversial Brazilian businessman seeking to invest in Guyana’s oil and gas sector
Almost five years after his company abruptly pulled out of a US multimillion-dollar investment, controversial Brazilian businessman, Yucatan Reis is here again. This time,...
Financial risks must be measured as Guyana considers a National Oil Company –Chatham House
As Guyana inches closer to the start of oil production, the prospect of a National Oil Company (NOC) seems quite attractive to many. But...
Draft Petro Commission Bill makes no provision for register of agreements, disclosure of beneficial...
There are two crucial transparency mechanisms which are absent from Guyana’s draft Petroleum Commission Bill.
According to Director of Power and Money at Oxfam America,...
Going forward … Guyana has no excuse if it repeats another ExxonMobil contract...
The Guyana-ExxonMobil Production Sharing Agreement (PSA) has been criticized at length for its appalling weaknesses. With lessons learned from that experience, Guyana’s leaders have...
ExxonMobil ready for any eventuality of oil spill – Country Manager
In wake of the recent oil spill in the Gulf of Paria in Trinidad and Tobago, Guyana’s state of preparedness for such an eventuality,...
Govt. must address tax treatment for environmental issues before any other contract is...
Before any other contract is signed or revised for the oil and gas sector, Guyana needs to have in place an appropriate tax treatment...
Department of Energy to be fully functional by end of August – Granger
President David Granger has assured that Guyana will have a fully functional Department of Energy by the end of August.
“I am very confident that...
Guyana must push for decommissioning policy now –United Nations
In an oil and gas project, special instruments are used to drill holes into the earth’s surface to allow for the safe removal of...
UN urges Guyana to conduct thorough due diligence on future oil operators
All Governments are expected to conduct “thorough” due diligence on oil companies before entering negotiations. A failure to do this can very well leave...
Openness in contract negotiations must become a legal requirement for Guyana- Int’l Oil Expert
“It is not enough to demand the mere disclosure of final contracts. While it is an important element of transparency in the oil and...
