Home » Guyana News and Updates, May 16, 2022

Guyana News and Updates, May 16, 2022

by terrence richard blackman
0 comment



with Congresswoman Debbie Mucarsel-Powell Special Advisor to President Biden for Summit of the Americas




US-CARICOM Relations: “Exploring Business Opportunities for and with the Private Sector:  A Transactional Focus”

Shridath Ramphal Centre (UWI)/US Embassy/Caribbean Policy Consortium (CPC)

Thursday, May 19, 2022, 11am-12:30pmEST

Webinar Registration – Zoom




Guyana Agri Expo – Department of Public Information

May 19-21, 2022


Agri-investment forum aims to reduce region’s annual food import bill | News | May 19-21, 2022




Guyana: the world’s fastest growing economy

MENAS London – Wednesday 25 May 2022




Int’l Energy Expo 2023 launched with focus on traditional sectors – Guyana Times






Gas-to-shore project could save Guyana $653BGuyana Chronicle

— finance professional and business analyst, Joel Bhagwandin

WHEN factors such as savings on fuel import, reduction in energy cost, and savings for the manufacturing sector are considered, Guyana could save as much as US$3 billion (GUY$653 billion) through the gas-to-shore energy project within the first five years of it coming on stream. This is according to well-known finance professional and business analyst, Joel Bhagwandin of JB Associates, who did a presentation on a cost benefit analysis of the project during a social media podcast last Tuesday on the JB & Salim Page.


Guyana’s natural gas development is likely to outshine its renewable energy strategy | OilNOW


‘Guyana will lose big with National Oil Company’ – Analyst says country better off seeking higher royalties in future contracts: Kaieteur News

Guyana would be better off pressing for increased royalties in future oil contracts rather than rushing ahead with plans to set up a national oil company, Arthur Deakin, Co-Director of the Energy Programme at Americas Market Intelligence has said. It was Vice President, Bharrat Jagdeo who had announced earlier this year government’s interest in setting up such a company ahead of an oil block auction in September. Ever since his announcement, there has been a lot of push back to his idea, which he has disregarded.


ExxonMobil opens public meetings on 5th project today: Kaieteur News

US oil major, ExxonMobil is scheduled to host a series of meetings with the public, from today on its fifth oil project in the Stabroek block, Uaru Plus. In an advertisement published in the daily newspapers, Exxon said its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has submitted an application to the Environmental Protection Agency (EPA) for authorisation to undertake the Uaru development project, which will be implemented in multiple stages.


Exxon to see largest increase in CAPEX, Hess allocating lions share to Stabroek, Bakken – Rystad EnergyOilNOW

In its latest Upstream Report released this month, Rystad Energy said when comparing capex guidance for 2022 with actual spending in 2021, US oil major ExxonMobil is among those companies set to face the largest year-on-year growth. Hess Corporation, Exxon’s partner on the prolific Stabroek Block offshore Guyana, will plug huge sums into its operations in the South American country and the Bakken shale play in the US. “For ExxonMobil, the core US shale patch of the Permian Basin is one of the core areas for investment growth,” Rystad Energy said.


Guyana among big players in non-OPEC oil production surgeOilNOW

Non-OPEC countries are expected to produce 65.97 million barrels of oil per day (b/d) in 2022, a year-on-year rise of 2.4 million b/d compared with 2.7 million b/d forecast last month. The oil cartel said the main drivers of supply growth were expected to be in the US, Canada, Brazil, Kazakhstan, Guyana and Norway. This year, Guyana’s production will surpass 340,000 b/d as the Liza Unity FPSO production ramps up and output at the Liza Destiny FPSO is optimized. The vessel was originally designed to produce at nameplate capacity of 120,000 b/d, but the increase was managed due to optimisation activities conducted during the last quarter.


Saipem unveils new technology to slash environmental impacts on seabed during pipelayingOilNOW

Italian multinational oilfield services company, Saipem, recently launched its new sustainable technology for subsea pipelaying, touted as one that considerably reduces environmental impacts on the seabed. The “Underwater Cold Bending” technology was unveiled during the Offshore Technology Conference (OTC) in Houston, the leading international events in the offshore energy sector. The Underwater Cold Bending technology is a new subsea pipelaying method patented by Saipem which makes it possible to form vertical cold bends in the pipeline in a strictly controlled way and directly underwater using a specially designed remotely operated underwater bending machine.


Oil spill insurance motion will test PPP/C’s loyalty to Guyana: Kaieteur News

— former EPA Head says now is the time to reverse past mistakes

Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams has said that the Speaker of the National Assembly as well as government is now in a position to reverse the mistakes made regarding oil spill insurance and moreover prove its loyalty to the country. His comments came on the heels of the recent revelation by Shadow Oil and Gas Minister, David Patterson, that the amended Motion, seeking full insurance coverage by oil giant ExxonMobil, will be resubmitted to the House this week.


Seven years later: Guyana has no independent oil sector regulator: Kaieteur News (Repeat)

This month makes seven years since Guyana is without an updated legislative and regulatory framework that is essential for the protection of the oil industry against mismanagement and corruption. One of the key regulatory architecture that remains in limbo is the Petroleum Commission Bill that would pave the way for the appointment of an independent regulator.


How smart operators seek to ‘scamp’ gullible Guyanese: Kaieteur News (Editorial)

It is a fact of life that when the cunning desires to pull the wool over the eyes of a partner, they come up with ways to do so. It is either how to conceal vital pieces of information from them, or how to give them misleading information, or how to give them no information whatsoever… This is what came across in a recent gathering of concerned Guyanese, as presented under the caption, “Exxon refuses to disclose cost to transport gas to Wales at public consultations meeting -Wales Gas-to-Shore project… Project Manager says cost not part of EIA” (KN May 12).


Local Content Act: Guyanese being sought out by foreign companies to forge partnerships – VP Jagdeo – Guyana Times


Guyana’s Diaspora – to come or not to come – Kaieteur News



iTel Call Centre investing in US$5 million upgrade – Demerara Waves Online News- Guyana


You may also like

Lorem ipsum dolor sit amet, consect etur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis..

Guyana Business Journal | Copyright @2023  All Right Reserved – Developed by Black Digital