Guyana News Updates, July 21, 2022

A conversation with H.E. Irfaan Ali, President of the Co-operative Republic of Guyana – Atlantic Council

Monday, July 25, 2022

 

 

A Conversation with President Irfaan Ali of Guyana

Tuesday July 26, 2022

https://www.wilsoncenter.org/event/conversation-president-irfaan-ali-guyana

 

 

Strengthening the Guyana – U.S. Relationship | Center for Strategic and International Studies

Wednesday July 27, 2022

https://www.csis.org/events/strengthening-guyana-%E2%80%93-us-relationship

Foreign companies eyeing Guyana as headquarters: DPI

With the PPP/C Government in office, Guyana’s economy has been seeing massive growth, increasing investors’ confidence in exploring opportunities, and establishing bases in the oil-producing nation… “As I speak to you now, there are many global multinational companies who are looking and examining our system, our legal system, our institutional system to make Guyana their corporate headquarters for this region,” the president said Monday, during a sod-turning ceremony. Already, Schlumberger, one of the world’s leading oil service providers has chosen Guyana as the location for its regional base, with the construction of a modern facility at Houston.

 

5 multinational firms interested in bringing corporate HQs to Guyana | INews Guyana

 

Guyana deepwater projects becoming increasingly important, says Norway group: OilNOW

A focus on short-cycle investments in subsea markets over the last few years has led to more subsea tiebacks and less greenfield hub development, shifting operator spending away from subsea equipment and towards subsea, umbilicals, risers and flowlines (SURF). This is according to new analysis from Norway-based Rystad Energy, which points out that developments in Brazil and Guyana, in particular, salvaged the subsea supply chain from total devastation in 2020 and 2021 when operators curtailed sanctioning activity.

 

ExxonMobil to drill over 60 exploration wells offshore Guyana in six years | OilNOW

 

ExxonMobil plans 35-well campaign at Stabroek | Oil & Gas Journal

https://www.ogj.com/drilling-production/drilling-operations/article/14280077/exxonmobil-plans-35well-campaign-at-stabroek

 

Exxon to meet with local suppliers on new opportunities in Guyana: OilNOW

ExxonMobil Guyana will be hosting a Request For Information (RFI) clarification meeting on August 9, 2022, at the Marriott Hotel in Georgetown. The company plans to put in place an agreement for the provision of Integrated Office Facility Management Services. The company is also planning to implement agreements for Integrated Residential Facility Management Services and for the provision of Catering, Cafeteria and Food Management Services – all to be done in and around Georgetown.

 

Guyana, Suriname can benefit from joint development of oil & gas resources – Staatsolie Head: OilNOW

Staatsolie, Suriname’s state oil company, says there is real potential for cooperation between Guyana and Suriname, particularly with gas resource development. “Large resources and associated and non-associated gas have been discovered and both countries could benefit from jointly developing resources in the future into the domestic, regional and international markets,” Managing Director, Annand Jagesar told OilNOW. He said the two countries have a strong relationship, especially in respect of oil and gas.

 

Iconic Guyanese-owned Pegasus Hotel completes major expansion: OilNOW  

Guyanese businessman, Robert Badal, celebrated the grand opening for the US$100 million Pegasus Hotel Suites and Corporate Centre in Kingston, Georgetown on Wednesday evening. Guyana’s hospitality sector has benefited from major investment interest and injections. But this project is unique in that it represents major expansion of an iconic hotel brand that has been in Guyana for decades. The Pegasus Hotel brand has been serving Guyana since 1969, Badal noted, addressing the ceremony.

  

Four Points by Sheraton in Houston fits into expansion of economic zone – President Ali | Guyanese Online

 

US$50M AC Marriott Hotel for Ogle by 2024 – News Room Guyana

 

Guyana being fastest growing economy in the world nothing but a mirage: Kaieteur News

– Dismal non-oil growth tells the truth – former Finance Minister

With two oil ships, namely the Liza Destiny and the Liza Unity in operation and producing approximately 300,000 barrels a day, Guyana’s growth rate is forecast to jump from the initially projected 47.5 percent to 57.8 percent. This was recently noted by Senior Minister with responsibility for Finance, Dr. Ashni Singh who has also stated that Guyana’s pace of development and production makes it one of the fastest growing economies in the world.

 

EPA weakens regulatory discipline for Exxon’s benefit: Kaieteur News

35-well Stabroek Block campaign…

– approach spells danger for Guyana – former EPA Head 

The Environmental Protection Agency (EPA) has ruled that a 35-well exploration drilling campaign that US oil giant ExxonMobil has applied for will not, by itself, significantly affect the environment. However, the former head of the EPA, Dr. Vincent Adams believes that this decision could spell danger for Guyana. He presented his reasons during an exclusive interview with this publication on Tuesday evening.

 

More oil money can be beneficial if managed wisely: Kaieteur News

– as Economists rebut Jagdeo’s opposing claim

Vice President Bharrat Jagdeo recently addressed a private sector organised function in which he posited that a bigger share of the oil money can drive up inflation rates in the country, but two economists are arguing that this statement is grossly misleading to the Guyanese public. The economists, Elson Lowe and Ramon Gaskin, both believe that wise management of the resources garnered from the oil and gas sector can be beneficial to the country.

 

Dutch company providing new subsea equipment for Yellowtail project: Kaieteur News

– first delivery targets Liza Phase 2

As Guyana races ahead with its oil and gas sector development, the country’s Stabroek Block operator, ExxonMobil subsidiary, Esso Exploration & Production Guyana Ltd. (EEPGL), is set to utilise new subsea equipment that will push oil and gas development in the upcoming Yellowtail project – the largest in nation’s oil and gas industry so far. Yellowtail was expected to come on stream by 2025, after the development of the Payara field which was set for 2023.

 

Guyanese desperately need cheap, reliable electricity: Kaieteur News (Editorial)

On Sunday last, large patches of Georgetown was visited by the sound of generators going full blast, where those were available.  This was because there was a blackout that lasted for most of the morning and kept going way into the afternoon… Projects hailed as the solutions may be the answers urgently needed, but there is great uncertainty as to whether leaders in the present PPP/C Government are telling Guyanese the full story, and an accurate one.  Gas-to-energy and the Amaila Falls Hydro Project have been held out as the remedies to our woes.

  

New merchant bank will help mobilise low-cost loans for private sector, govt – Demerara Waves Online News- Guyana

 

US diplomat urges continued commitment to dealing with transnational criminal and terrorism offenses – CNW Network

 

Venezuela infiltrating Guyanese society with secret agents – Caribbean Life

 

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