Category Archives: Energy- Oil and Gas

Russia-Ukraine war: what we know on day 89 of the invasion – The Guardian

Map of Ukraine

Mon 23 May 2022 01.01 BST – THE GUARDIAN

Kyiv says it will not agree to a ceasefire that involves handing territory to Russia; Ukrainian president says up to 100 Ukrainians dying every day on eastern front

  • Ukraine has said it will not agree to any ceasefire deal that would involve handing over territory to Russia, as Moscow intensified its attack in the eastern Donbas region. “The war must end with the complete restoration of Ukraine’s territorial integrity and sovereignty,” said Ukraine’s presidential chief of staff, Andriy Yermak.            Continue reading

VENEZUELA: US lawmakers blast change in policy towards Venezuela; oil projects could increase

Nicolás Maduro

By OilNOW –

(S&P Global Platts) Details remained scant May 18 on a US policy shift that could chart a path for US companies to again invest in and operate Venezuelan oil projects as the Biden administration has reportedly begun to ease oil sanctions on the country.

While the administration has yet to officially announce any changes to US policy towards the regime of President Nicolás Maduro, several lawmakers put out statements criticizing a policy shift they contend was aimed at restarting dialogue between Maduro’s ruling government and the US-backed, opposition Venezuelan Unitary Platform.              Continue reading

GUYANA: Moves to strengthen economic relations between Guyana & USA

The Bilateral Chamber of Commerce and the Private Sector Commission (PSC) have pledged to leverage their combined resources to strengthen economic relations between the United States and Guyana.

This is made possible through the signing of a Memorandum of Understanding between the two entities earlier this month in Houston, Texas.

The signing ceremony was witnessed by Guyana’s Minister of Natural Resources Vickram Bharrat, US Ambassador to Guyana Sarah-Ann Lynch, ExxonMobil executives Dr. John Ardill and Alistair Routledge, and CEO of Go-Invest Guyana Dr. Peter Ramsaroop.      Continue reading

CARICOM – CANADA POLICY FORUM 2022 – 25 May 2022 : 11:00am – 12:30pm EST – Virtual Event

FLYER – CARICOM – CANADA POLICY FORUM 2022 – 25 May 2022 11 am

We wish to inform you that the CARICOM Heads of Diplomatic Missions in Ottawa in collaboration with the Canada-Caribbean Institute and the Latin America and Caribbean Study Group of the Canadian International Council will be hosting a Policy Forum on Wednesday, May 25, 2022, from 11:00am – 12:30pm (EST) via zoom platform under the theme “Shaping a New Partnership for Recovery and Resilience.” 

The Event Flyer is attached above for ease of reference.

Please note that there is no limitation on participation in this event. Participants can register using the following link:

https://www.eventbrite.ca/e/canada-caricom-shaping-a-new-partnership-for-recovery-and-resilience-tickets-331539442397

GUYANA: OIL: Read the latest edition of the ENERGY Magazine – Q1 2022 Edition

Read the latest edition of Guyana’s Energy Magazine –  Q1 2022 – 52 pages

Read the latest edition of Guyana’s Energy Magazine –  Q1 2022 – 52 pages

Guyanese Diaspora Digest Publications -13th Edition 2022

Download: Guyanese-Diaspora-Digest-13th-Edition

GUYANA: Oil, Water, and Climate Change in the Guyana-Suriname Basin – By Ivelaw Lloyd Griffith

Image: Waves batter a section of Guyana’s “Sea Wall” during a high-spring tide in 2019. Source: Loop News.

“Oil don’t ‘spoil!” So once declared Eric Williams, one-time long-standing Prime Minister of oil-rich Trinidad and Tobago. This assertion is undoubtedly true. But the distinguished scholar-statesman did not contemplate a circumstance where a dangerous mix of oil and water in the context of climate change dangers could spoil lives and livelihoods within the societies blessed with oil and gas resources.

Such is the situation with the two nations in the Guyana-Suriname Basin (GSB). Technically, the GSB includes the coastal plains of French Guiana, Suriname, Guyana, and eastern Venezuela.[1] However, the focus here is on Guyana and Suriname, the Caribbean’s emerging petro-powers.          Continue reading

GUYANA: OIL: ‘We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza- Opinion

The Guyanese environmentalist Arnette Arjoon alongside fishing boats docked at Liliendaal, Georgetown.
Over time, the Guyanese environmentalist Arnette Arjoon grew to suspect Exxon was indifferent to the dangers of an oil spill to the coast and rivers of one of the best preserved parts of the Amazon biome. Composite: Fidal Bassier/Guardian/Reuters

Multibillion-dollar deal promising to lift country out of poverty may be false dawn with dire impact on climate, warn campaigners

– The Guardian – Thu 12 May 2022 12.04 BST

Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyana’s coast a “blessing” that will earn billions of dollars for one of the poorest countries in the Caribbean, even as she recognises that pulling yet more fossil fuel from the ground will deepen the climate crisis.

But Arjoon does have a problem with who is drilling the oil. She has seen firsthand what happens when the US’s largest petroleum company descends on a small country bearing the promise of riches.                  Continue reading

GUYANA: Government makes first withdrawal of US$200M from Natural Resource Oil fund

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This is the first withdrawal that has been made from Guyana’s oil wealth fund.

The withdrawal was announced on Tuesday night via a press release from the Ministry of Finance, which indicated that this sum has been transferred to the Consolidated Fund to finance national development priorities.

According to the release, the withdrawal was done in accordance with the Natural Resource Fund Act of 2021.          Continue reading

GUYANA: ZOOM Event: The Oil Contract: a review – Moray House Trust – Thursday 12th May 2022

MHT PANEL OIL CONTRACT FLYER.png
You are warmly invited to join us for a Moray House Trust panel and discussion:
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Title:            The Oil Contract: a review
Speakers:    Dr. Vincent Adams, Fred Collins (TIGI), Darshanand Khusial (OGGN), Chris Ram

Date:           Thursday 12th May 2022

Time:           5.00 PM Guyana/ NY/ Toronto
                    10.00 PM London
Platforms:        Continue reading

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