Guyana News Updates, September 23-25, 2022

Experts Explore Guyana’s Emergence As An Oil Producer

Guyana requires a narrative that goes beyond the legal one, and it must be continuously repeated at every possible opportunity. The Venezuela-Essequibo controversy is an overriding Guyanese foreign policy imperative. Guyana cannot afford to lower its diplomatic guard while they wait for Venezuela’s next move. …, “In this age of social media, we need all Guyanese, not just government officials and diplomats, but also journalists, members of civil society, and members of our diaspora to be advocates of our united national narrative.”

Forum on Effective Strategies For Exporting to the US Market to be held in Guyana

September 26, 2022

OIL DORADO? A DREAM OR NIGHTMARE FOR GUYANA

THURSDAY 29TH SEPTEMBER 18.00 UK

GUYANA HIGH COMMISSION

PALACE COURT BAYSWATER

LONDON W2 

– John Mair – 07785 378156

Overview – OIL DORADO;GUYANA’S BLACK GOLD LAUNCH EVENT SEPTEMBER 29TH (universe.com)

Guyana Basins Summit

October 4-6, 2022

http://guyanabasinsummit.com/en

US Department of Commerce Caribbean Trade Mission & Conference

October 23-28, 2022

https://www.trade.gov/caribbean-trade-mission

Developing Caribbean Renewable Energy Opportunities To Maximize Local Solutions – New Energy Events

Mapping CARICOM’s path towards a sustainable energy future | Loop Caribbean News

https://caribbean.loopnews.com/content/mapping-caricoms-path-towards-sustainable-energy-future

Part Two: Mapping CARICOM’s Path Towards A Sustainable Energy Future | Loop Caribbean News

https://caribbean.loopnews.com/content/part-two-mapping-caricoms-path-towards-sustainable-energy-future

Pres Ali, UN Secretary General discuss food and energy security, international financing system – Guyana Times

https://guyanatimesgy.com/pres-ali-un-secretary-general-discuss-food-energy-security-international-financing-system/

PM defends Govt’s unblemished track record of creating opportunities for all Guyanese – Guyana Times

https://guyanatimesgy.com/pm-defends-govts-unblemished-track-record-of-creating-opportunities-for-all-guyanese/

Multi-billion-dollar oil earnings seen as key to revolutionising Guyana’s agriculture | OilNOW

Business scholars say oil can fuel sugarcane ethanol production in new hotspot | OilNOW

Govt invites bids to market Guyana’s share of profit oil – Guyana Times

https://guyanatimesgy.com/govt-invites-bids-to-market-guyanas-share-of-profit-oil/

New Crude Marketing Contract to carry one year timeline – Govt.: Kaieteur News

The Ministry of Natural Resources disclosed that its contract for the marketing of crude from the Liza Destiny and Liza Unity vessels is expected to last one year. It made this disclosure to members of the media yesterday. The government agency said interested bidders desirous of obtaining Requests for Proposals (RFP) should make contact with the Permanent Secretary, Ministry of Natural Resources.

Over 100 miles offshore, Exxon is prepping for Guyana’s 3rd oil project: OilNOW

Development operations are in high gear at the Payara field, located just over 103 nautical miles offshore Guyana, South America’s up and coming second biggest producer. This marks ExxonMobil’s third project at the massive Stabroek Block where nearly 11 billion barrels of oil equivalent have been found since 2015. OilNOW understands the ongoing development operations cover an area of 137.89 square nautical miles (472.95 square kilometers).

Guyana’s next crude marketer to take over in last quarter of this year: OilNOW

Guyana’s Ministry of Natural Resources said Thursday that the next contractor to market its entitlement of crude from the ExxonMobil-operated Stabroek Block will be taking over in the fourth quarter of 2022 for a period of one year. The marketers’ responsibilities will include making appropriate transportation arrangements and providing support to Guyana in all operating and back-office responsibilities related to managing crude sales while facilitating timely and cost-efficient crude oil operations.

Exxon ‘iffy’ about bidding for new oil blocks: Kaieteur News

– waiting on economic terms to decide on participation

There have been different views about the participation of oil giant, ExxonMobil in the country’s first offshore bid round set for the end of this year, but it appears that the company too is undecided as to whether it will seek more oil blocks during the competitive bid exercise. In fact, information from international media, Reuters is that the oil company will not be making a decision on its participation until it sees the fiscal terms attached. A comment from an Exxon insiders said that the company “is uncertain whether it will bid for new offshore areas Guyana wants to explore.”

Glenn Lall has great difficulty understanding basic business terms: Guyana Chronicle (Letter to the Editor) by Joel Bhagwandin

KAIETEUR News publisher, Glenn Lall, has launched a vicious attack on the Vice-President following his appearance on his radio programme where the Vice-President availed himself to be interviewed by Glenn Lall. The Vice-President exposed a barrage of falsehoods published in his newspaper on oil-and- gas-related matters and also offered very detailed explanations and clarity on the questions raised, as well as the rationale for some of the government’s decisions on a number of issues.

Local Content Law does not give Guyana robust investigative powers over oil companies – Attorney-at-Law, Dr. Williams: Kaieteur News

Following his review of Guyana’s Local Content Legislation, New-York based Attorney-at-Law Dr. Vivian Williams said its framers must be commended for capturing the spirit of nationalism in the document. He firmly believes that it adds tremendous value to Guyanese citizenship. Unfortunately, he posited that there are certain legal loopholes which can hinder its effectiveness. Specifically, the lawyer contended that the law does not give the Local Content Secretariat the overarching powers it needs for proper enforcement to avoid abuses and ensure maximum benefits are achieved.

246 businesses already armed with Local Content certificates | OilNOW

New Crude Marketing Contract to carry one year timeline – Govt.: Kaieteur News

The Ministry of Natural Resources disclosed that its contract for the marketing of crude from the Liza Destiny and Liza Unity vessels is expected to last one year. It made this disclosure to members of the media yesterday. The government agency said interested bidders desirous of obtaining Requests for Proposals (RFP) should make contact with the Permanent Secretary, Ministry of Natural Resources.

Dr. Vincent Adams invites Jagdeo to discuss oil: Kaieteur News (Editorial)

It comes down to who knows and who doesn’t know what is really going on in this nation’s trillion-dollar oil sector.  We speak about the ins and outs, and the intricacies that are part of the global oil industry.  We also highlight the sophistications and trickeries that oil companies employ in extracting the most from poor, uncomprehending, Third World countries suddenly overwhelmed by huge oil discoveries.  This is where Guyana is, and where Guyanese-born Dr. Vincent Adams could have much value.

Guyana President takes defence diplomacy to the UN in border case with Venezuela: OilNOW

Guyana is taking out all the stops in its effort to protect its territorial integrity from the threat of Venezuela. Even though it believes in the integrity of a judicial settlement in the border controversy against Venezuela, it sees defence diplomacy as critical. President Dr. Mohamed Irfaan Ali told world leaders during his United Nations General Assembly address that Guyana remains true to peaceful processes for the resolution of the matter over the Essequibo region.

Time running out for T&T to attract more upstream investment | OilNOW

Trinidad presses dual gas supply from Venezuela | OilNOW

Trinidad Urgently Needs Fiscal Reforms to Encourage Oil Investments | Hart Energy

https://www.hartenergy.com/exclusives/trinidad-urgently-needs-fiscal-reforms-encourage-oil-investments-202204

NGC, bpTT sign new gas supply contract – Trinidad Express

https://trinidadexpress-tto.newsmemory.com/?publink=042aa1906_1348620

…Green light for offshore Cypre project – Trinidad Express

https://trinidadexpress-tto.newsmemory.com/?publink=142aa1906_1348620

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