Guyana News Updates, September 30-October 2, 2022

Guyana Basins Summit

October 4-6, 2022

http://guyanabasinsummit.com/en

“Innovative Research on Sustainable Development in a Resource Abundant Economy”

University of Guyana School of Graduate Studies and Research (UGSGSR)

October 5 – 7, 2022

Webinar Registration Link:  https://zoom.us/webinar/register/WN_WuT_HF-yQO6T8_vuFFX05g

US Department of Commerce Caribbean Trade Mission & Conference

October 23-28, 2022

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

Caribbean Investment Forum

November 8-11, 2022

Trinidad

https://www.caribbeaninvestmentforum.com/?utm_source=Caribbean+Export+List&utm_campaign=856bee512b-EMAIL_CAMPAIGN_2022_09_16_main_flyer&utm_medium=email&utm_term=0_9e96a5189f-856bee512b-52236001

Venezuela denounces distortions of Guyana in the UN on Essequibo

https://en.ultimasnoticias.com.ve/news/politics/venezuela-denounces-misrepresentations-of-guyana-in-the-un-about-esequibo/

Gov’t stands by Ali’s speech on border controversy after Venezuela denunciation – Stabroek News

Even as Oil Prices Ease, U.S. Keeps Tapping Strategic Reserve – The New York Times

Exxon May Emerge As The Biggest Winner In Guyana’s Oil Boom | OilPrice.com

https://oilprice.com/Energy/Crude-Oil/Exxon-May-Emerge-As-The-Biggest-Winner-In-Guyanas-Oil-Boom.html

City Chamber’s Guyana Basins Summit over 90% sold out, exhibition open to public: OilNOW

The second edition of the Guyana Basins Summit (GBS) is over 90% sold out and ready for its opening next week, October 4-6, 2022 at the new Pegasus Suites & Corporate Centre. The Georgetown Chamber of Commerce and Industry (GCCI) is the lead partner for the event with organizational support from Mayson Blackhouse Guyana, Sagacity Inc., and international marketing company, Global Event Partners. The Principal Partner is Digicel Business.

Guyana: Small Businesses Do Not Have To Remain Small

Guyana says new offshore model contract being finalised; auction imminent | OilNOW

Guyana will not be like countries that splurge oil money, and have nothing to show for it – Jagdeo: OilNOW

Vice President Dr. Bharrat Jagdeo said he has seen many oil-producing countries around the world splurge their windfall revenues and have nothing to show for it in the end.  This, he said, will not be a fate that befalls Guyana on the current government’s watch. He made the comments during a meeting with fishermen in Georgetown, taking the opportunity to strongly disagree with sentiments made in some quarters that Guyana should mandate a much higher fiscal take for itself from oil production and see to it that its people do not have to work.

Oil can “profoundly” transform Guyana’s economy – IMF: OilNOW  

With a discovered petroleum resource count of close to 11 billion barrels of oil equivalent, Stabroek Block operator ExxonMobil has churned out big wins for Guyana. Now, the International Monetary Fund (IMF) said that when this number tips over, Guyana’s commercially recoverable petroleum reserves will be ranked as one of the highest per capita in the world. “This could help Guyana build up substantial fiscal and external buffers to absorb shocks while addressing infrastructure gaps and human development needs,” the IMF said.

IMF urges fiscal discipline for spending oil money; Jagdeo says it’s being managed | OilNOW

Ministry seeking consulting firm to evaluate Exxon’s Uaru project: Stabroek News  

Having received US$20 million from the World Bank in 2020, the Ministry of Natural Resources is using some of the funds to find a consulting firm to help review and evaluate ExxonMobil’s Uaru project. “The Government of the Cooperative Republic of Guyana (GCRG) has received financing in the amount of US$20 Million equivalent from the World Bank (WB) toward the cost of the Guyana Petroleum Resources Governance and Management Project (GPRGMP) and it intends to apply part of the proceeds to pay a consulting firm to provide advisory services, technical support and training and capacity strengthening services to the Government of Guyana (GoG),” a Request for Proposals notice states.

Guyana Prepares for Competitive Oil and Gas Bidding Round 2022

Govt to meet with CGX on Berbice Deep-Water Port – Guyana Times

Whose is bigger? Brazil, Guyana will host world’s largest floating oil production vessels | OilNOW

That ongoing audit of Exxon’s billions: Stabroek News (Letter to the Editor) by GHK Lall

Guyana is watching, waiting.  They are watching and waiting to absorb what happens next in this shadowy, slightly messy, matter of the NRF and tax payments made by the Government of Guyana on behalf of Exxon.  It would enlighten all on how well this national oil fund is overseen.  As matters stand currently, the starting gun is in the President’s hands. The Audit Office issued its opinion that all is well, while the Auditor General made clear where he stood. 

Framework for Countries Evaluating Gas-to-Power Pathways | Natural Resource Governance Institute

https://resourcegovernance.org/analysis-tools/publications/framework-countries-evaluating-gas-to-power-pathways

Chinese firms bidding for gas-to-energy project seek to distance selves from shady past of affiliated companies: Kaieteur News

China Energy International Group Co. Ltd., and the other Chinese companies that submitted bids for the Guyana Integrated Natural Gas Liquids Plant and 300MW Power Plant Project have sought to distance themselves from the shady past of their subsidiaries. The clarification comes on the heels of a report by Kaieteur News which stated that China Energy Engineering Group (a company that is 62.58%-owned by China Energy Engineering Group Co., Ltd.) was blacklisted by the World Bank on September 11, 2019. 

In face of bad oil deal, Guyana should at least protect its environment: Kaieteur News

…new legal challenge highlights citizens’ growing concerns- IEEFA

With another court challenge filed, this time against the recent issuance of the environmental permit for the Liza One offshore oil project, the Institute for Energy Economics and Financial Analysis (IEEFA) believes that the action is a reflection of citizen’s growing concern regarding the handling of the local oil sector. The International Agency which has been paying attention to the local oil industry and offering its advice, reminded that Guyana already has a bad deal that covers the Liza One project and offered therefore, that the country should have at least been a bit more mindful of negative environmental impacts.

MARAD willing to work with stakeholders to build climate-friendly shipping industry – Guyana Times

Evening News:  Almost four weeks after it was announced that the Liza Unity FPSO vessel had experienced an oil leak, the Environmental Protection Agency (EPA) is still in the process of compiling its report; and according to EPA Executive Director Kemraj Parsram, the findings of the assessment team would determine the course of action to be taken.

November hearing set for challenge to Ali’s non appointment of Chancellor, CJ: Stabroek News  

The hearing of the challenge to the non-appointment of a substantive Chancellor and Chief Justice has been set for November 23rd at 1:30 pm. The fixture was set yesterday morning following a case management conference (CMC) before Justice Damone Younge. The Attorney General, against whom the action is filed, has been ordered to file submissions no later than October 23. The action filed by the main opposition APNU+AFC contends that President Irfaan Ali is in “gross dereliction and abdication of the duty” and has no “lawful excuse” for not consulting with Opposition Leader Aubrey Norton, on the substantive appointments of a Chancellor and Chief Justice.

Alexander accuses GECOM of spreading propaganda: Kaieteur News

…restates call for internal review of controversial 2020 elections

Opposition Commissioner Vincent Alexander has reiterated the position that the Guyana Election Commission (GECOM) is within its legal right if it chooses to conduct a review of its performance during the controversial 2020 general elections. He reaffirmed this stance in a public missive, as he addressed this and another issue which he said that GECOM as well as Government Commissioners are using in their perpetuation of falsehoods.

GECOM Chair writes Home Affairs Ministry and Chief Immigration Officer for verification of claims of voter impersonation: News Source

The APNU+AFC has long argued that while the Elections Commission in an attempt to verify the party’s claims of voter impersonation had submitted a small list of names to the Registrar General and Chief Immigration Officer for verification, it did not follow-up on additional claims. Chairman of the Guyana Elections Commission (GECOM), retired Justice Claudette Singh has dispatched several documents containing cases of alleged voter impersonation at the last elections to the Ministry of Home Affairs and the Office of the Commissioner of Police for verification.

Agriculture Month 2022: Govt confident in its ability to tackle food security challenges – Ali – Guyana Times

More jobs for Region Two as new BPO location opens

Exporting services – Guyana Times

Trinidad’s National Gas Company records TT$1.6 billion profit, helped by price rebound: OilNOW

Amidst an aggressive push by State authorities to maximise earnings from its gas resources, the National Gas Company of Trinidad and Tobago (NGC) was pleased to disclose on Wednesday that it recorded a profit of TT$1.6 billion, together with its subsidiaries. This financial performance was outlined in its Consolidated Financial Statements for the six months ending June 30, 2022.

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