UWI SRC-CPC webinar Friday September 2, 2022
US-CARICOM TIFA/TIC Trade and Investment Relations
Register for the webinar at: https://zoom.us/webinar/register/WN_cGtRSOS7RMqxEkfZNjcSjA
AfriCaribbean Trade and Investment Forum 2022 – One People. One Destiny
September 1-3, 2022 Barbados
XXXI La Jolla Energy Conference
September 28-29, 2022
Guyana Basins Summit
October 4-6, 2022
- CARICOM Agriculture Investment Summit – August 19, 2022
25% by 2025 Reduction in the Regional Food Bill – CARICOM
Ali: We don’t have the luxury of time to advance food security – Trinidad Express
Pres. Ali warns: unless regional private sector acts, C’bbean leaders will be forced to look abroad – News Room Guyana
PM: Region in danger – Trinidad Express
Trinidad and Tobago, Guyana appoints technical task force; announces Head of the States – Writeups 24
Private sector urged to help improve regional transportation of goods | News | Jamaica Gleaner
They agreed to establish a Working Group to provide oversight of the project which will include representatives from the Governments of Barbados, Grenada, Guyana and Trinidad and Tobago, as well as the CARICOM Secretariat, CARICOM Private Sector Organisation (CPSO), and the CDB.
CARICOM impatient with private sector on solving transportation problem for agriculture – Demerara Waves Online News- Guyana
CARICOM energy leaders make headway on food security | OilNOW
Remarks by Chairman of CARICOM, Opening, Agri Investment Forum and Expo II, Trinidad and Tobago, 19 August 2022 – CARICOM
Remarks by CARICOM Secretary-General, Opening, Agri Investment Forum and Expo II, Trinidad and Tobago, 19 August 2022 – CARICOM
President Suriname: US$100 million for region’s Agricultural Sector – Culturu.com
Guyana enters top 100 per capita economies | OilNOW
Economic analysis of Guyana: Agriculture, manufacturing & gold among non-oil sectors projected to grow in 2022 – IDB – Guyana Times
Analysis of Agricultural Policies in Guyana (2015-2019)
Caribbean Economics Quarterly: Volume 11, Issue 2: Finance for Firms: Options for Improving Access and Inclusion
Exxon’s risk and Shell’s multi-billion-dollar missed opportunity in Guyana’s Stabroek Block | OilNOW
Customs Petroleum Officers receive offshore safety, emergency response training: News Room
See the full statement from the Guyana Revenue Authority below:
Twenty-three officers within the Customs Petroleum Unit (CPU) of the Guyana Revenue Authority completed a Tropical Helicopter Underwater Egress Training (THUET) course to develop knowledge and operating procedures in offshore safety and emergency response. The training session conducted at HHSL Safety Systems Limited in Trinidad and Tobago is mandatory for the officers who perform Customs controls and other monitoring functions on board oil exploration vessels.
Maersk Discoverer confirmed for new Guyana well in fourth quarter: OilNOW
The Maersk Discoverer semisubmersible drilling rig is confirmed for exploration operations offshore Guyana in the fourth quarter of this year. According to Maersk’s latest Fleet Status Report, the rig is scheduled to be in Guyana, on contract with CGX Resources Inc., from October 22, 2022, to January 23, 2023, after completing drilling operations in neighbouring Trinidad and Tobago. The rig will be targeting the Wei-1 exploration well, located approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block, approximately 200 kilometres offshore from Georgetown.
More bills for Guyana as ExxonM signs new contract for subsea exploration services: Kaieteur News
Norwegian marine seismic survey company, Magseis Fairfield, has signed a 14 month contract with ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) for a large Ocean Bottom Node (OBN) project while will be conducted offshore Guyana in the country’s lucrative Stabroek Block. The company made the announcement Wednesday, expressing excitement over the possibility of accessing other such projects in the region.
Nandlall says magistrates not treating elections fraud cases seriously: Kaieteur News
Attorney General (AG) and Minister and Legal Affairs, Anil Nandlall, SC has expressed concerns over what he described as the slow pace in the prosecution of the elections fraud cases. Back in 2020, over 30 fraud-related charges were brought against, former Chief Elections Officer (CEO) of the Guyana Elections Commission (GECOM), Keith Lowenfield, Deputy Chief Elections Officer (DCEO), Roxanne Myers, former Region Four Returning Officer, Clairmont Mingo, and Opposition Member of Parliament, Volda Lawrence.
Govt assessing “strategic partner” model for national oil company ahead of oil block auction: Kaieteur News
President Irfaan Ali has said that his administration is still looking at the business model to allow a strategic partner to operate and manage the country’s potential oil company ahead of the upcoming oil block auction which was scheduled for next month, but has now been pushed back toward the end of the year. The Government had set September for the offshore oil blocks to be auctioned to interested parties, but President Ali has said that feedback on this is still coming in, and the auction will be held after all information is considered.
Govt ironing out fiscal terms before auctioning off remaining oil blocks – VP – Guyana Times
Local Content – The Minister has the power: Kaieteur News (Editorial)
There are two ongoing developments involving the application of Guyana’s Local Content law, which are negatively impacting Guyanese hoping to get their share of our oil wealth. The first has to do with bundling of contracts, and the second is about payment delays for goods and services rendered. This negative impacts from both should not be so, as we pointed out in a recent caption, which states that “Local Content law gives Minister Bharrat the power to regulate bundling and payment delays” (KN August 18). Since the Minister has the power, why is he not using it to benefit Guyanese? What is preventing him from doing so?
Local Content Secretariat filtering all applications vigorously for schemers – Bharrat: OilNOW
Unrealistic quotas or requirements for local content are often cited as key factors which open the doors for “fronting”; a case where nationals may be listed as shareholders, executives, or management, without real participation in the strategic decision-making process of foreign entities. They may even have lower salaries than their expatriate peers. With Guyana’s Local Content legislation just being a mere seven months old, fronting has been one of the key trends being uncovered by the Local Content Secretariat.
Government joins Private Sector Commission in expressing concern about contract bundling in oil sector: News Source
Some in the business community believe contract bundling works against the spirit and intent of Guyana’s Local Content Act, and is defeating the objectives of the Act as it relates to private sector development… However, ExxonMobil Guyana President, Mr Alistair Routledge, in a recent interview with another online news agency, submitted that contract bundling can be very useful. ““Yes, some people have criticised bundling, but it actually serves a very useful function in cascading opportunities through the supply chain whether it’s in running offices, whether it’s providing logistic services or whatever it may be, it is normal practice around the world to have this normal structure in any industry,” Mr Routledge reasoned. But GCCI and PSC do not agree with Mr Routledge’s line of reasoning, and therefore want contracts not to be bundled.
Finance Minister tours Schlumberger’s local facilities at Houston: Guyana Times
…meets with Guyanese, foreign workers
Finance Minister Dr Ashni Singh was on Thursday given a tour of the facilities of Schlumberger Guyana Incorporated at Houston, East Bank Demerara where the major service provider to ExxonMobil houses its main operations. The minister was led on the tour by Managing Director Ernesto Cuadro and GeoUnit HSE (Health, Safety and Environment) Manager Yuri Mozhaev. He was also briefed on the company’s operations and interacted with several Guyanese and foreign employees While there as well, Dr Singh learned of the educational and employment journey of several Guyanese prior to landing a job at the international Company.
President Ali outlines government’s development agenda – News Room Guyana
President: Oil, gas boom will ensure Guyana’s future
Ali defends local content law in T&T: Stabroek News
-says working on ease of doing business
President Irfaan Ali yesterday defended Guyana’s local content laws in Port of Spain and told the Trinidadian press that companies out of the Twin-Island Republic account for the largest number of regional investors in this country. He made the statement while responding to questions about the ease of doing business in Guyana as well as the number of Trinidadian investors in Guyana. “I do not seek to quantify individual investors from any country.
Govt leaning towards small refinery against bigger operations – VP Jagdeo
Only Western technologies will be used for gas-to-shore power plant – Demerara Waves Online News- Guyana
Guyanese to benefit from cheaper energy soon – Department of Public Information, Guyana
Guyana, T&T advance plans on regional energy security | OilNOW
Guyanese should have a chance to participate in oil blocks auction – Vice President | OilNOW
‘They can’t pay local companies in 90 days; I don’t care who defends that’ – Guyana VP | OilNOW
Space remains for China & US but Europe’s aid to Guyana is significant – Ambassador Cantó