Guyana News Updates, November 11-13, 2022

MEDIA ADVISORY:Transforming Guyana, Episode VI: Guyana’s Role in a world that still needs Oil – Guyana Business Journal Magazine + Caribbean Policy Consortium

Friday, November 11, 2022

Recording Available Here:  https://youtu.be/PEumcZ1ZDmo

Guyana Mental Health & Well-Being Conference 2022

November 15-18, 2022

An Emerging Energy Alliance: Europe, Latin America, and the Caribbean | AS/COA

Tuesday, November 15, 2022

With Hon. Vickram Bharrat M.P. , Minister of Natural Resources, Republic of Guyana

https://www.as-coa.org/events/emerging-energy-alliance-europe-latin-america-and-caribbean

Guyana/Venezuela Border Controversy

ICJ to hear oral submissions on Nov 17, 2022 from both countries

Caribbean Trade Review 2022 Event CWIT

Tuesday, 29th November 2022 @ 6pmAST

https://us02web.zoom.us/meeting/register/tZwvdOurpz0rGdH2dVn0HEFSPt5sypo4Jc2A

Caribbean ESG & Climate Financing Summit

Nov 29-30, 2022 in Trinidad

UWI SRC Lunch Time Chat – US/Caribbean Relations: Private Sector Engagement Paper & Webinar

Thursday, December 1, 2022 @ 1pm-2:30pm AST

Register here. https://zoom.us/webinar/register/WN_zYzex2N9T_WVxZ43xBvgtA 

Contact: NICHOLLS, Alicia – alicia.nicholls@cavehill.uwi.edu

Caribbean Energy, Oil & Gas Summit | CEOGS 2022

7-8 December 2022, Trinidad

https://ceogsummit.com/

The World’s Biggest Diasporas – Guyana 36%, Jamaica 28%

https://www.forbes.com/sites/katharinabuchholz/2022/11/11/the-worlds-biggest-diasporas-infographic/?sh=1b97a27c4bde

Guyana Poised to Post World’s Highest GDP Growth

https://www.bloomberglinea.com/english/guyana-poised-to-post-worlds-highest-gdp-growth/

Guyana Is the Most Exciting Story in the World Oil Market – Bloomberg

https://www.bloomberg.com/news/audio/2022-11-11/guyana-s-boom-into-the-world-oil-market-podcast

Gov’t ‘not comfortable’ with old oil contract but intent on doing better – Pres. Ali – News Room Guyana

ExxonMobil Guyana has invested over GY$3 billion in youth, women development: OilNOW

ExxonMobil Guyana has confirmed that its Corporate Social Responsibility (CSR) expenditure for the period 2015 to 2022 exceeds US$15 million (GUY$3 billion). Most of this investment has focused on transforming the lives of women and youth through comprehensive capacity-building programmes. For women, the company has led key programmes such as WeLead Caribbean which was devised to tackle the lack of business development and training opportunities for women in Regions Two and Three; and the Blue Flame Women’s Group which is focused on upgrades of the existing factory that produces cocoa sticks, coffee and cassava bread in Region One.

First audit on Exxon’s spending in Guyana, expected by year end | Loop Caribbean News

https://caribbean.loopnews.com/content/first-audit-exxons-spending-guyana-expected-year-end

Over 300 registered for City Chamber’s business forum opening today: OilNOW

Striking at the heart of issues impacting business in Guyana, the Georgetown Chamber of Commerce and Industry (GCCI)’s Business Development Forum opens today at 13:00 hrs, at the Pegasus Hotel Corporate Centre. President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker told OilNOW that all preparations are in place, with over 300 persons registered to attend. Given the high expected turnout, the GCCI will have a virtual platform in place to allow all registered persons to participate.

US firm picked for negotiations on gas to energy plantStabroek NewsOilNOWNews Room

-President says Guyana will own facilities, international company will operate

Cabinet yesterday issued a no-objection to a US firm being ranked  number one to build a 300 MW power plant fuelled by offshore natural gas – drawing the country closer to a project that will spew climate warming residues and be the most expensive public sector undertaking in Guyana’s history, replete with safety and other risks. President Irfaan Ali made the announcement of the ranking via a video statement on the Office of the President Facebook page.

Guyana to build 300-megawatt power plant that will cut electricity bills in half – CNW Network

Indian company secures US$22M consultancy contract for Wales power plant: Guyana Chronicle

ENGINEERS India Limited (EIL) has secured a US$22 million contract to provide consultancy services for the construction of a 300-megawatt combined-cycle power plant and natural gas liquids (NGL) plant at Wales, West Bank Demerara. India’s Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs, Hardeep Singh tweeted on Thursday: “As part of this US$22 million assignment, EIL will provide Consultancy Services for setting up the integrated plant, and managing the engineering, procurement and construction of the project on behalf of the Guyanese government.”

Guyana’s economic climate very promising – US Ambassador – Guyana Times

Capitol News: As part of the transformative and innovative direction of Guyana’s economy, the Centre for Local Business Development and ExxonMobil on Tuesday hosted day one of the Guyana Supplier Forum at the Leonora stadium.

Centre for Local Business Development reposted Exxon Mobil’s wrap-up post on the Supplier Forum 2022. 

MTV News Update – 13:37: Guyana 2022 Supplier Forum concludes

NCN: CH4 GUYANA INC, AND LYNDSAYCA INC SELECTED TO BUILD 300MW POWER PLANT – President Ali

Guyana takes a giant leap towards realising the gas-to-shore energy project.

Cabinet today granted its no-objection to the company selected to the build the plant.

News Room: The Government of Guyana through the Cabinet on Thursday issued its no objection to the construction of the 300 megawatts natural gas-fired power plant as part of the Gas-to-Shore project at Wales, West Bank Demerara. CH4 and Lindsayca, one of five companies that submitted bids in September, 2022 to build the combined cycle power plant and natural gas liquids plant were given the government’s approval, President Dr. Irfaan Ali said on Thursday on a Facebook live.

News Source: Local Content Policy Under Constant Review

OP-ED ‘Commander-in-Chief’ Routledge on ‘right government’: Kaieteur News by GHK Lall

Many times, we think we have heard everything and seen everything.  I have been there, especially when the area that stands before is either the politics of Guyana, or the social environment of Guyana, involving fellow Guyanese.  Things can be so interesting -a carefully chosen word.  There should be keenness in noticing that the first focus is on Guyanese.  Then, the startling came, and it was not from a Guyanese consumed by the regular narrow arc of thinking, but from a foreigner.  A powerful and most influential foreigner, a fellow American, who jumped headlong into the local fray.

Universal cash grant the way to go, affordable: Kaieteur News (Letter to the Editor) by Ronald Bostwick

It is an uncomfortable truth that the ‘haves’ view the ‘have nots’ with a socially conditioned disdain – not a Guyanese thing but a human reality… In fact, the coming online of Yellowtail in 2025 will make Guyana the world’s largest per capita producer (Oil Now, 16 August 2022).Guyana has a National Resources Fund (NRF). The purpose of an NRF, the more generic term being Sovereign Wealth Fund, is to preserve the wealth derived from current exploitation of an exhaustible national resource, by investing in stocks and assets usually abroad, so that by this diversification future generations will yet benefit long after the resource is exhausted.

Centre for Local Business Development posted: Halliburton has released an EOI for Customs Brokerage Services. Deadline for submission is November 24, 2022. #CentreGuyana #GreaterGuyanaInitiative #Halliburton

Centre for Local Business Development posted: Save the Date and RSVP! SBM Offshore Guyana invites local companies to attend one of two Vendor Compliance Sessions they will be having at the Centre for Local Business Development on November 15. During these sessions, you will learn about the compliance requirements to become and SBM vendor. Email cecil_maxwell@dai.com to register and reserve your space. #CentreGuyana #GreaterGuyanaInitiative #SBMOffshore #VendorEngagment

Can Guyana Avoid the Oil Curse? By Jerry Haar & Cristina Caus

Ramps Logistics wins judicial hearing for Guyana Local Content Certificate  | OilNOW

Ramps wins court battle for local content certificate – Stabroek News

Guyana prioritising ‘green’ investments amid oil boom – Guyana Chronicle

Consider extending CO2 emissions charge from excess flaring to carbon sequestered in every barrel of oil produced – Stabroek News

https://www.stabroeknews.com/2022/11/06/opinion/letters/consider-extending-co2-emissions-charge-from-excess-flaring-to-carbon-sequestered-in-every-barrel-of-oil-produced/

An Upstream Carbon Tax at the Wellhead in the Guyana-Suriname Basin | Institute of Commonwealth Studies

https://commonwealth.sas.ac.uk/blog/upstream-carbon-tax-wellhead-guyana-suriname-basin

President expresses disappointment over lack of action by Private Sector in taking full advantage of business opportunities – Guyana Times

Ali upbraids private sector for not capitalising on new opportunities – Stabroek News

President blazes private sector for failing to readily snatch new opportunities – News Room Guyana

Easier investments with single-window system ready by year end – News Room Guyana

Single window approval for construction permits by year-end – Pres Ali announces – Guyana Times

Banks need to ‘get up off their tush’ and tackle access to finance issues – GCCI Head | OilNOW

PSC Chairman perceives upswing for private companies from oil money – News Room Guyana

As ANSA McAl continues to spread its wings in Guyana… company discloses investment plans in river transport, beverage manufacture – Stabroek News

https://www.stabroeknews.com/2022/11/11/business/as-ansa-mcal-continues-to-spread-its-wings-in-guyana-company-discloses-investment-plans-in-river-transport-beverage-manufacture/?utm_source=whatsappbtn&utm_medium=whatsapp&utm_campaign=whatsapp_send

Jagdeo leads discussions to deepen Guyana/ UAE relations – News Room Guyana

Cyber security agreement signed between Guyana, UAE – Guyana Times

Esequibo, part of the Venezuelan colony, claimed Caracas in Guyana

Jamaica To Benefit From Electric Mobility, Green Hydrogen Programme | RJR News – Jamaican News Online

http://radiojamaicanewsonline.com/local/jamaica-to-benefit-from-electric-mobility-green-hydrogen-programme

Barbados-Based Logistics Hubs To Support Caribbean Food Security

https://www.forbes.com/sites/daphneewingchow/2022/10/30/barbados-based-logistics-hubs-to-support-caribbean-food-security/?sh=6cca0c7916bc&mkt_tok=NjU5LVdaWC0wNzUAAAGIC1RkwQzrGI4qVTXZIaGPanM9okBGrYFJln_HF9dA6UdCGxJWR5MqG2BAQDNmkAPfqj-eC69X7THTeSrOtiaydFm_rivBPiCwhMoRGZ3BaA

Courtesy Manchestertrade Inc.

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