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Guyana News Updates – June 13, 2022

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OIL DORADO;GUYANA’S DREAM OR NIGHTMARE?

SUNDAY JUNE 19TH 3.00 BRITISH SUMMER TIME

Watch worldwide on you tube  https://youtu.be/GR_U66wbIjM 

Join John Mair the editor of OIL DORADO:GUYANA’S BLACK GOLD?(available on Amazon) and a small cast of those in the know to discuss the new Klondike.

One Billion US dollars in the wealth fund by end 2022.11 Billion Barrels of oil already found/forecast,90% success rate in finding new wells,a barrel of oil per person in Guyana by 2025.

How much oil money is there and where will it go?

Cast to date.

Sally Gibson Guyanese born petroleum lawyer.

Sanjeev Datadin MP.Guyana lawyer and politician.

Terence Yhip Economist and Managment Consultant

Christopher Ram Accountant.lawyer and activist

Tulsi Dyal Singh.Guyanese born US gas investor.

Dr Terrence Blackman.US based writer on oil

Big questions. If you have one send in advance to johnmair100@hotmail.com

Rebuilding Energy Security: The Role of U.S. Oil and Gas

Center for Strategic and International Studies – Wednesday, June 22, 2022

https://www.csis.org/events/rebuilding-energy-security-role-us-oil-and-gas

“ExxonMobil at the Crossroads” premieres on Wednesday, June 22nd at 8 PM ET

https://www.cnbc.com/exxonmobilatthecrossroads/

“In this one-hour documentary, CNBC’s David Faber goes inside one of the most powerful, storied, and consequential players in the energy industry: ExxonMobil. Once seen as untouchable, the company is now facing shareholder challenges over its direction and criticism that is fostered public uncertainty about global warming. As gas prices skyrocket around the world, Faber gains unprecedented access to company executives, workers, and facilities to examine ExxonMobil’s efforts to lower its carbon emissions and find out whether the company is ready for the energy transition. “ExxonMobil at the Crossroads” premieres on Wednesday, June 22nd at 8 PM ET.”

https://www.cnbc.com/exxonmobilatthecrossroads/

The TV ad promoting the documentary shows David Farber (one of CNBC’s Senior Correspondents) standing atop one of the Floating Production Storage Offloading (FPSO) vessels off the coast of Guyana.

Guyana-Venezuela border controversy: Venezuela will eventually have to give up its spurious claims – Greenidge – Guyana Times

Technical institutes unprepared to fill oil and gas industry skills gap – Hamilton: Guyana Times  

Labour Minister Joseph Hamilton has called on technical institutions across the country to rethink their roles and functionality to support Government’s effort to create a skilled workforce. This call comes after reviewing annual reports of the institutions, which Minister Hamilton said, shows their unpreparedness to fill the skill gap needed in the oil and gas industry. He explained that in 2021, one of the country’s most prominent technical institutions only trained eight welders and fabricators expending some $4.1 million, while over $20 million was expended to train 15 heavy-duty equipment operators (HDEO).

Guyana oil could help meet global demand for next 20-30 years: OilNOW

Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has every intention of ensuring it plays a key role in this regard. President Irfaan Ali has made it clear that Guyana remains committed to a low carbon development model, but this objective will in no way prevent the country, already a net zero emitter, from developing its vast oil resources.

International organisations recognise importance of Guyana’s oil & gas: Guyana Chronicle  (Columnist) Oil, gas & you

AS Guyana recognised World Environment Day on June 5, the country had much to be proud of. Guyana ranks among the highest tier of countries for its efforts to preserve the Amazon, its low deforestation rate and its role as a vast “sink” that draws carbon dioxide out of the atmosphere. And now, even with oil and gas production becoming a new centre piece of the economy, Guyana is poised to maintain this delicate balance.

Ali says T&T must be part of the solution to declining natural gas reserves in North America | OilNOW

Regional Oil and Gas Bonanza and the 25×2025 Food Import Reduction Imperative: Village Voice News (Columnist) by Dr. H. Arlington Chesney

The Government of Guyana, in association with the CARICOM Secretariat, held an Agri-Investment Forum and Expo: investing in Vision 25×2025 from May 19 to 21, 2022. This initiative is consistent with the position of this Guyanese administration, starting with Bharat Jagdeo when he was President as lead Head in CARICOM for agriculture. COVID-19 decimated the logistics of the region’s food availability primarily because of uncertainty of supply. Since the start of the war between Russia and Ukraine, supply by these two countries of wheat, barley and maize to the world has reduced significantly.

T&T intent on ramping up natural gas production to highest levels possible: OilNOW

While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different approach. According to the CARICOM Head of State, Trinidad will plug significant investments into fossil fuels, particularly gas, with a portion also extended to renewables.

Citizens urged to resist govt. abuses through court actions: Kaieteur News

– Int’l lawyers says litigation is best form of resistance until Guyana gets constitutional reform

It has proven difficult for citizens to stop the government from making decisions they are against, particularly in the runaway oil and gas sector which has now become the gem of Guyana’s economy. International lawyer Melinda Janki has thus urged Guyanese to flood the court with litigation to show the government and private companies that they will not tolerate their concerns being bypassed.

Guyana, ExxonMobil and taxes: Kaieteur News (Editorial)

It was American Founding Father and statesman, who gave us the memorable, “In this world nothing can said to be certain, except death and taxes.” In view of what is happening in Guyana today, taxes are causing the death of us, and by a thousand cuts. Successive Governments of Guyana, and American oil giant, ExxonMobil, are responsible for this terrible tax state, and we denounce them all for what this unconscionable tax regime is doing to Guyanese.

Mo Ibrahim: Africa must be allowed to exploit gas in energy transition – African Business

https://african.business/2022/06/energy-resources/mo-ibrahim-africa-must-be-allowed-to-exploit-gas-in-energy-transition/

Reunion Gold Corporation finds ‘significant’ depth extension with ongoing drilling at Oko West in Guyana

https://www.proactiveinvestors.com/companies/news/984706/reunion-gold-finds-significant-depth-extension-with-ongoing-drilling-at-oko-west-in-guyana-984706.html

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