Home » Guyana News Updated, October 21-23, 2022

Guyana News Updated, October 21-23, 2022

by terrence richard blackman
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Latin America and the Caribbean: What Agenda and Role for the Inter-American Development Bank?

Monday, October 24, 2022




US Department of Commerce Caribbean Trade Mission & Conference

October 23-28, 2022

Miami and various Caribbean markets




Caribbean Investment Forum

November 8-11, 2022 – Trinidad



Caribbean Investment Forum launched with focus on building resilience and boosting investment in the region | Caribbean Export






Trade Americas Mission could burnish Guyana’s image as region’s best investment bet – Stabroek News



Western Logistics to hire 1000 Guyanese as part of new approved five-year Master Plan: OilNOW

With its five-year Local Content Master Plan approved by the Ministry of Natural Resources, Western Logistics Guyana aims to expand its human resource capacity by some 1,000 Guyanese. According to its Operations Director, Pradeep Ramoutar, the locally owned and operated logistics firm is looking to hire at least 200 Guyanese to work offshore every year, for five years. Western was the first logistics company to receive its approval.


Exxon sent out 35 letters seeking new partners after Shell walked away from Stabroek Block: OilNOW

Before China National Offshore Oil Corporation (CNOOC) and Hess Corp. partnered with ExxonMobil to become the Stabroek Block co-venturers we know today, there was Shell. The British multinational held a 50% stake with Exxon, but the company opted to leave a mere year before the world class Liza discovery, the very first commercial reservoir to be found offshore the South American country. Shell had believed that the chances of success in the Stabroek Block were essentially slim to none.


ExxonMobil books DOF Subsea vessels offshore Guyana – Offshore Energy



ExxonMobil Awards DOF Subsea a $253,4M Deal for Offshore Vessel Duo in Guyana



Guyana’s largest shore base, sister company receive approval for Local Content Master Plans: OilNOW

The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of Natural Resources. A Local Content Master Plan is a ‘development blueprint’ that is enforceable by law. It outlines a company’s procurement, employment, and capacity development plans over a five-year period.


GYSBI, SES receive approval for Local Content Master Plans: Guyana Times

Guyana Shore Base Inc (GYSBI) and its sister company, Sustainable Environmental Solutions (SES) on Wednesday received approval for their Local Content Master Plans from the Local Content Secretariat of the Natural Resources Ministry. The Master Plans are a requirement of the Local Content Policy, which was passed in Parliament in December 2021 by the Government.


US$493M payout from Guyana’s third quarter oil sales, royalties gazetted | OilNOW



Noble Discoverer set to arrive in Guyana this weekend to drill CGX’s Wei-1 well |OilNOW



TechnipFMC, Stena Drilling among 11 more companies to have local content master plans approved | OilNOW



Gov’t to identify legal, financial team to support catering consortium for oil sector market | OilNOW



Evening News: Jarryl Bryan joins us now to report that work is ongoing on a National Gas Strategy that, according to President Dr Irfaan Ali, will open up new opportunities for trade and energy security between Guyana and its bilateral partners.


Ramps Logistics CEO on $500,000 bail for false declarations to GRA charges – Guyana Times



Ramps CEO enters not guilty plea to company’s false declarations charges, out on GY$500,000 bail | OilNOW



Ramps at risk of losing US$25 million Exxon contract, firing 100 workers without Local Content Certificate – court documents: OilNOW

If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration, it will likely lose significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of a judicial hearing over the State’s refusal to award the certificate, Ramps explained that it is facing financial ruin as it could lose a US$25 million contract with EEPGL.


Denial of Local Content certification: Arguments in Ramps Logistics’ judicial review case against Govt set for Nov 11: Guyana Times  

An application filed in the Demerara High Court by Ramps Logistics (Guyana), seeking judicial review of the Government’s decision to deny the company Local Content certification, will be heard on November 11by acting Chief Justice Roxane George, SC. A case management conference (CMC) for the application, which was filed late last month, was held on Thursday, during which Justice George fixed strict timelines by which the parties must file certain legal documents ahead of next month’s hearing.


Government halts Ramps’ local content application pending outcome of criminal charges | OilNOW



Ramps chairman: dark forces in Guyana’s private sector want me out – Trinidad Guardian



Govt. must look out for anti-competitive practices, abuse of legal loopholes by oil companies: Kaieteur News

– New York based lawyer warns

While Guyana’s Local Content Legislation must be commended for its pursuit to increase the involvement of Guyanese in the oil sector, New York-based Attorney-at-Law, Dr. Vivian Williams is urging regulators to be wary of companies that would engage in various forms of anti-competitive behaviourand creative compliance with the law. The lawyer said such practices that may seek to exploit legal loopholes, undermine the spirit and intent of the legislation which seeks to maximize the use of local goods and services in the oil sector.


Govt working to have more flights, cargo into Guyana in near future – Edghill – Guyana Times



Govt working to enhance image on US travel advisories – Guyana Times



‘No underhand way’ to acquire a Guyanese passport – Home Affairs Minister assures – News Room Guyana



The second British Invasion, this time with oil blocks in mind: Stabroek News (Letter to the Editor) by GHK Lall

Guyanese drove themselves to rapturous heights over the ordinary metamorphosed into the extraordinary, the grandeur, of visa-free travel to the land of their former colonizers and imperial masters.  How quickly we forget!  How self-enslaving we can be! We have more oil per breathing body than any place on earth, and we are drooling over a visa-free travel announcement?  Is this what the fruits of free and fair elections have come to mean?  That we run to anywhere?  Surely, we have lost whatever marbles we had left, that is, if we ever had any to begin with, given how people have reacted, how things shaped up since that announcement.


No exclusive housing development for foreigners – Pres. Ali warns: News Room

President Irfaan Ali has warned against private developers using lands, particularly those acquired from the state, to build exclusive housing schemes or for the development of gated communities for foreigners. In the clearest possible terms, the President has said that no development on such lands must be exclusively for foreigners. Dr. Ali said he has given clear instructions that these lands, although being privately developed, should be made available to all Guyanese. The President’s statements come days after Dutch shipbuilder – SBM Offshore – made a public request to lease a gated community and recreational facility for its employees.


Omai doubles gold mineral resource estimates in Guyana – Guyana Times



Guyana writes to Facebook, Twitter over Venezuela map | Miami Herald



Guyana, Grenada talk enhanced partnership but Guyanese urged to return home – News Room Guyana



Energyear Caribe 2022: SungrowPresents Latest Innovations for the Caribbean Decarbonization – PR Newswire APAC



Can Suriname replicate Guyana’s oil boom?: Stabroek News  

The Guyana-Suriname Basin is quickly emerging as one of the most prolific offshore oil regions in the world. Guyana has had tremendous success in its ventures with Big Oil in the region. Suriname is looking to follow in Guyana’s footsteps though it has suffered a few setbacks along the way. The offshore Guyana-Suriname Basin emerged in 2019 as one of the world’s most exciting drilling frontiers. While the U.S. Geological Survey estimated that the basin contained mean undiscovered oil resources of 15 billion barrels, disappointing exploration results saw international energy companies shun the geological formation.


The paradox of Suriname and Guyana, oileldorados with neutral or negative carbon balances – California18



Suriname’s Frustrated Path to Better Governance by Scott B. MacDonald



SVG Gov’t seeking to acquire prefab greenheart houses from Guyana



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