Open bidding process for the awarding of new oil blocks – President Ali
– Says Government may consider managing some blocks His Excellency Dr Irfaan Ali said that when the Government is ready to award new oil blocks, the process will be done transparently to ensure that the best offer is received. President Ali was responding to questions from the media at a Presidential Press Conference held yesterday […]
Government will fully support locals to become competitive in O&G sector —President Ali
– Recommits to increasing capacity through training, certification His Excellency Dr Irfaan Ali, yesterday, reiterated that the Government will continue to invest in citizens and local businesses to ensure that they become competitive in the oil and gas sector. President Ali was at the time responding to questions from the media at a press […]
Energy costs could be reduced by 80%
— when gas-to-energy project comes on stream; four studies to be conducted (Guyana Chronicle) THE price paid by Guyana for kilowatt per hour of electricity could be reduced by about 80 per cent when the proposed gas-to-energy project comes on stream. Preliminary estimates, as outlined by Vice-President, Bharrat Jagdeo, show that Guyana could pay as […]
Capacity being built to monitor and verify reports on Exxon’s costs, emissions – Vice President
Guyana’s Vice President, Dr. Bharrat Jagdeo reiterated yesterday that the government has every intention of ensuring the oil sector is not only led by locals but properly monitored as he noted that capacity building is underway to achieve same. In this regard, the official noted that efforts are being made to build capacity within the […]
Different terms for other blocks – Guyana Vice President reaffirms
Speaking at a press conference on Monday, Guyana’s Vice President, Bharrat Jagdeo, reaffirmed the government’s position on the Stabroek Block Production Sharing Agreement (PSA), noting that it will not seek to renegotiate the deal but will however, be looking to ensure the terms and conditions for other blocks change. The fiscal terms and conditions of […]
Govt putting Guyanese first with new oil and gas legislations
(DPI) The People’s Progressive Party Civic (PPP/C) Government will be moving ahead with legislations in the 12th Parliament that will see Guyanese benefitting holistically from the oil and gas sector. Honoring a promise outlined in its manifesto and a subject championed on the 2020 campaign trail, the new government said every Guyanese must share in […]
Legislation to prevent non-disclosure of oil revenues to be implemented
(DPI) The PPP/C Government is putting in place measures that will ensure all monies garnered from Guyana’s oil and gas sector will be channelled towards its intended purposes and will not be utilised by any Government Official. Vice President of the Cooperative Republic of Guyana, Hon. Dr. Bharrat Jagdeo, made this disclosure Thursday evening, whilst […]
Establishment of Petroleum Commission to see more local involvement in Oil and Gas sector
(DPI) The establishment of a Petroleum Commission will see more Guyanese having a prominent place in the Oil and Gas Sector and enjoying the benefits of the oil resources. This was announced by Hon. Dr. Bharrat Jagdeo, Vice President of the Cooperative Republic of Guyana, on Friday, during his first media engagement at the Arthur […]
Petroleum Commission to be established
— Jagdeo says all Guyanese must benefit from oil wealth By Rabindra Rooplall GOVERNMENT will establish an Oil and Gas Commission, and an Advisory Committee that will be managed by technically-competent Guyanese, while the Minister of Natural Resources will only focus on the policy inputs and directions. This is according to Dr. Bharrat Jagdeo at […]
Payara review to be completed before August month-end – Vice President
(OilNow) A review of the Payara Development Project that is being undertaken by the new administration in Guyana is expected to be completed before the end of the month after which a decision on its approval is expected to be made. After taking up office just over a week ago, the Government had taken a […]