Guyana News Updated, July 29-31, 2022

 

Over 100 foreign delegates expected as Guyana hosts ISA’s fourth Regional Committee Meeting next week | INews Guyana

 

Guyana Basins Summit

October 4-6, 2022

http://guyanabasinsummit.com/en

‘Guyana’s oil can help make entire Caribbean food secure’ – President Ali: OilNOW

With massive natural resource assets in the hydrocarbon sector and a passion to diversify and transform the economy, President Dr. Mohamed Irfaan Ali holds the position that Guyana’s oil can make the entire Caribbean region food secure. During a meeting hosted by the Atlantic Council at the Adrienne Arsht Latin America Center, Washington DC on Monday, the President spoke of the heavy focus on agriculture and food security in the Caribbean Community (CARICOM) and outlined the union’s target of reducing the region’s food import bill by 25% by 2025.

 

President Ali hailed for visionary leadership in Int’l diplomacy

 

U.S. Congressional Black Caucus applauds Dr. Ali’s vision, voice in international diplomacy – News Room Guyana

 

Ali’s election victory was “triumph of democracy”- Texas Congresswoman – Demerara Waves Online News- Guyana

 

Ali says Guyana/China relationship built on support of developmental goals – Stabroek News

 

Ali woos Washington diaspora with assurances of world-class services – Stabroek News

 

‘Rich-on-paper’ Guyana faces two sets of danger as it produces more- former US official: Kaieteur News

International bodies as well as local officials have touted Guyana as the fastest growing economy in the world because of its oil and gas sector but a former US Bureaucrat told President Mohamed Irfaan Ali on Wednesday that his country is only “wealthy on paper”. This means that as Guyana produces more oil, it is presumed to be rich and many financial institutions would be willing to finance projects in Guyana but with high interest rates.

 

When oil supply is low, the developing world suffers – President Ali tells Washington forum | OilNOW

 

ExxonMobil-Led Consortium Bucks Oil Industry Trends In Guyana

https://www.forbes.com/sites/davidblackmon/2022/07/30/exxonmobil-led-consortium-bucks-oil-industry-trends-in-guyana/

 

Exxon records $17.9 billion Q2 earnings as discoveries mount in Guyana | OilNOW

 

Exxon Mobil touts success with offshore Guyana projects | Offshore

https://www.offshore-mag.com/business-briefs/company-news/article/14280529/exxon-mobil-having-success-with-offshore-guyana-projects

 

Exxon hires Subsea 7, Van Oord consortium to install pipeline for Guyana’s landmark Gas-to-Energy project: OilNOWStabroek NewsNews Room – 1:30, News Room

Guyana’s transformational Gas-to-Energy project is quickly advancing. ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has awarded a substantial contract to Subsea 7 and Dutch maritime contracting company, Van Oord, for the construction of the offshore pipeline and accompanying infrastructure. Subsea 7 made the announcement on July 27. The company noted that the scope covers project management, engineering, and the installation of approximately 190 kilometres of pipeline in water depths of up to 1,450 metres.

 

Liza Destiny goes 1,000 days without recordable injury, Exxon official says: Guyana Chronicle

IN what is being described as a leading industry standard, The Liza Destiny Floating, Production, Storage and Offloading (FPSO) vessel offshore Guyana has gone 1,000 days without a recordable injury. The achievement represents a high level of safety on the vessel, with safety being highly regarded in the oil and gas sector. This achievement was recently commended by ExxonMobil Guyana’s Production Manager Mike Ryan during a recent press conference held at the company’s office earlier this week.

 

With seven successive hits, Exxon targeting five more wells for 2022 at Stabroek Block: OilNOW

ExxonMobil’s 2022 campaign in Guyana’s prolific Stabroek Block has been nothing short of exemplary; the oil major and its partners Hess and CNOOC have had seven consecutive discoveries that have all been commercial finds. And with just five more months left to the year, five more wells are on the cards for exploration. Yarrow is its next target. Chief Executive Officer (CEO) at Hess Corporation, John Hess, said during a Q2 earnings call on Wednesday that 12 wells are planned in all for 2022. So far, seven wells were drilled for 2022, all being successful discoveries.

 

Exxon’s third Guyana project 80% complete, can produce higher volumes: OilNOW

The Payara project, ExxonMobil’s third development in Guyana’s offshore Stabroek Block is 80% complete, according to President and Chief Operating Officer of Hess Corporation, Greg Hill. Topside fabrication/installation is currently being undertaken aboard the Prosperity floating production, storage and offloading (FPSO) vessel at the Keppel Shipyard in Singapore. Hill said the project is well on track to achieve first oil in 2023. It had, after final investment decision by the Stabroek partners, been scheduled for first oil in 2024. But they later announced that the FPSO-builder, SBM Offshore, was able to accelerate its work to have the FPSO done about five months ahead of schedule.

 

South America drilling activity to peak in 2022: Guyana, Brazil driving uptick – Rystad: OilNOW

Notwithstanding a major slowdown in 2020 because of the pandemic’s global demand destruction, drilling and completion activities in South America are expected to bounce back significantly this year. The driving forces will be increased activities in Guyana and neighbouring Brazil, according to Rystad Energy. “The rebound is more pronounced for offshore wells, primarily driven by an uptick in activity in Brazil and Guyana. With the overall recovery in drilling, South America is also winning back global market share of new wells drilled, with offshore proving the standout sector,” Rystad Energy’s Senior Vice President and Head of Latin America, Schreiner Parker, pointed out.

  

Drilling In South America Set To Peak During 2022  | Rigzone

https://www.rigzone.com/news/drilling_in_south_america_set_to_peak_during_2022-29-jul-2022-169812-article/

 

Hess documents its industry leadership in 25th annual sustainability report: OilNOW

Hess Corporation, which has a 30% Working Interest in Guyana’s Stabroek Block, released its 25th annual sustainability report on Monday. According to Chief Executive Officer (CEO), John Hess, this publication demonstrates its longstanding commitment to environmental and social sustainability and the value it creates for all stakeholders. The Hess boss noted that the 2021 Sustainability Report shows how the company is addressing sustainability issues and integrating sustainable business practices into its metrics and daily operations.

  

Hess pumps over US$600M into Guyana, other key global assets for 2022 second quarter | OilNOW

 

Guyana has enough gas to replace 17% of Russia’s supply to Europe – AMI analyst | OilNOW

 

Transparent transformation – safeguarding Guyana’s oil boom, By Dr. Carolyn Walcott and Dr. Terrence Blackman: OilNOW

In May 2015, when the government of Guyana, through global oil investors, announced that oil was discovered in significant quantities offshore, economic transformation and development became state actors’ preoccupation. 

Guyana trade union defends agreement with T&T body, says country can learn from pitfalls: OilNOW

Following criticism from the Guyana Oil and Gas Energy Chamber (GOGEC) that its recent collaboration with Oilfield Workers Trade Union (OWTU) of Trinidad and Tobago could mean trouble, the Guyana Agricultural Workers’ Union (GAWU) has come out to defend itself. While the Chamber noted in its statement that Guyana’s oil and gas sector has “good industrial practices”, GAWU does not share the same view.

 

ExxonMobil awards contract to lay gas-to-shore pipeline without EPA permit: Kaieteur News

The subsidiary of American oil giant, ExxonMobil, Esso Exploration and Production Guyana Limited (EEPGL) has moved ahead with awarding the contract to lay the pipeline for the US-multibillion Gas-to-Energy (GTE) project despite no environmental permit being granted by the Environmental Protection Agency (EPA). This week, EEPGL awarded the contract to lay the US$1.3 billion pipeline component to Subsea 7 and Van Oord, two international companies.

 

Guyana left open to abuse by not utilising US$20M World Bank loan to strengthen management of oil sector – Former Finance Minister: Kaieteur News

Former Finance Minister, Winston Jordan believes Guyana is taking several steps backward by failing to make prompt use of a US$20M World Bank loan that was taken in 2019 to strengthen the country’s capacity to govern the oil sector. In an interview with this newspaper recently, the economist expressed disappointment that the government appears to have two faces when it comes to the sector. He said the administration is very vocal about wanting the industry to be enveloped by transparency, however, its dealings with the loan, tell a different story.

 

GAWU defends pact with TT oil union: Kaieteur News

– maintains industrial relations climate in oil and gas sector poor 

The Guyana Agricultural and General Workers’ Union (GAWU) is strongly defending its recently signed Memorandum of Cooperation (MoC) with Oilfield Workers Trade Union (OWTU) of Trinidad and Tobago insisting that good industrial relations does not currently exist in the local oil and sector. The local workers representative is hoping to feed off the experiences of the more than 80 year running workers’ rights body as it positions itself as a representative of staffers within the budding oil sector.

  

Who is for Guyanese?: Kaieteur News (Editorial)

Is there anybody out there for Guyanese?  Which one of our leaders, our public institutions, our representatives is rising up and taking a stand for increasingly alarmed citizens of this country?  The short answer to the questions is that Guyanese are on their own, and the sooner that they come to an appreciation of this, the better it is for them. Guyana’s Environmental Protection Agency (EPA) is reported to be joining forces with American powerhouse, Schlumberger, to fight the residents of Houston, East Bank Demerara, who are worried about hazardous material in their neighbourhood.

 

GECOM still to set timeline for overdue local gov’t elections: Stabroek News  

Despite committing to working towards hosting the constitutionally overdue Local Government Elections (LGE) by the end of this year,  seven months later,  the Guyana Elections Commission (GECOM) is yet to identify a clear timeline for hosting those elections. Local Government Elections were constitutionally due at the end of last year but GECOM was without a Chief Election Officer and could not have prepared to host the elections. As a result, the Chair, retired Justice Claudette Singh, wrote to the government informing them of the situation but did commit to confirming a timeline after the appointment of a CEO.

 

US-based Guyanese organisations ask US Attorney General to probe Nandlall’s use of FBI to go after critics

 

The birth and rapid rise of the Canada-Guyana Chamber – Guyana Times

 

China welcomes closer US-Guyana ties, Ramotar said Western Nations’ motive is anti-China

 

How costly political realities undercut Ghana’s electricity reforms

https://theconversation.com/how-costly-political-realities-undercut-ghanas-electricity-reforms-186148?utm_medium=email&utm_campaign=Latest%20from%20The%20Conversation%20for%20July%2027%202022%20-%202359823533&utm_content=Latest%20from%20The%20Conversation%20for%20July%2027%202022%20-%202359823533+CID_85e92e6aa9f9fbd1c03168e8685d060a&utm_source=campaign_monitor_africa&utm_term=How%20costly%20political%20realities%20undercut%20Ghanas%20electricity%20reforms

 

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