Guyana Oil & Gas

[The_Honourable]

Guyana urged to guard against Trinidadian takeover of oil & gas sector

The Government of Guyana, private sector and citizens at large are being urged to guard against what is being described as a clear attempt by Trinidad & Tobago to monopolize opportunities in the South American country’s emerging oil and gas sector.

Speaking in his weekly OilNOW column; Are We Ready for Prime Time? Guyana’s former Minister of Natural Resources, Robert Persaud, said recent history has shown that the twin island republic has been less than welcoming in their approach to facilitate Guyanese business, but now project an air of ‘entitlement’ for Guyana to do likewise.

“For instance, I recall, as Agriculture Minister, the battles we fought to get Trinidad and Tobago to import some of our agricultural produce even when the region’s extra-CARICOM food import bill was US$4 billion, annually,” Persaud, who served as Minister of Agriculture prior to taking up the natural resources portfolio, said.

Trinidad had only cleared six crops to be exported with no poultry and small ruminant meats from Guyana, he said, but at the same time, it was importing agricultural products and meats from North and Central America, and even as far away as New Zealand. “Our producers and exporters were required to climb the Mount Everest of regulations and requirements to get a few produce cleared for entry into the TT market. There are many examples, in other sectors, where red tapes and non-tariff barriers were deployed as devices (not forgetting the infamous Guyanese bench at Piarco) to frustrate our exports,” Persaud lamented.

Turning his attention to Guyana’s emerging oil and gas sector, he said, “With Guyana on the verge of being the next CARICOM oil and gas giant, we see TT in an overdrive mode to ‘lecture’ and ‘influence’ our course of development of this new sector aided and abetted by some local players. Guyana, like a new beauty, is suddenly dazzling the eyes of our TT counterparts and others whom are less bold,” he stated.

In recent months, interest from Trinidadian companies in business opportunities in Guyana has skyrocketed. A large business delegation from the twin island visited Guyana in June seeking partnerships in the oil and gas sector and other supporting industries. Trinidadian personalities have also been featuring prominently in ongoing public discussions on oil and gas in Guyana.

Persaud said while Guyana should be open to the experiences of others, there is need for caution. Under his watch, Guyana signed an MoU with Trinidad for mutual cooperation in oil and gas. “The operative word in that MoU was ‘mutual’,” he stressed.

The former natural resources minister pointed to a number of articles and utterances from Trinidadians which he says seem to suggest there is a feeling of entitlement to Guyana’s good fortunes. “Our policy makers and private sector must be on guard…TT is very aggressive to get a chunk of the Guyanese O&G cake, potentially at the disadvantage of our own interest,” he warned.

Persaud went on to outline several steps which can be taken to ensure Guyanese remain the primary beneficiaries of oil and gas wealth and opportunities.

[tr1ad]

they right yes

[vaiostation]

What energy sector they have?
I taught all their oil going to be shipped to other countries and they will just get a cut?
Plus they finally get oil when the entire world is shifting to other cleaner forms of energy. Oil might be dead in the next few years.
Another thing is that they have corrupted leaders just like in Trinidad, so they suddenly think they gonna turn first world in a year? That money ain't reaching anybody besides those in upper-class guyana.
Guyana had enough resources to dig themselves out of the hole they find themselves in. Oil ain't gonna save yuh in de long term.
Plus wether they like it or not, if they do developer an energy sector in their country is trini people going to be running it. Trini people worldwide in de energy game...

[pugboy]

I agree that they should guard their resources
Let other countries who want to squander their resources suffer

[sMASH]

Probably coconut oil he talking bout

[hong kong phooey]

What energy sector they have?
I taught all their oil going to be shipped to other countries and they will just get a cut?
Plus they finally get oil when the entire world is shifting to other cleaner forms of energy. Oil might be dead in the next few years.
Another thing is that they have corrupted leaders just like in Trinidad, so they suddenly think they gonna turn first world in a year? That money ain't reaching anybody besides those in upper-class guyana.
Guyana had enough resources to dig themselves out of the hole they find themselves in. Oil ain't gonna save yuh in de long term.
Plus wether they like it or not, if they do developer an energy sector in their country is trini people going to be running it. Trini people worldwide in de energy game...

lol Guyana energy sector is booming and loads of trinis already going over there and investing. Trinis done Buy up loads of land to start housing projects etc and some trinis already went across and bought land as investment as the price is now increasing .
Remember unlike trinidad who was depending on 100 dollars a barrel for oil
Guyana was producing little to none so even though the price is 50 dollars a barrel thats 50 dollars more they getting before.

[AnthSmth]

Hurts me to see Guyana talk about Trinidad like this and he's talking about stuff that happened during pnm days.

Really hopes it doesn't affect petroleum engineering students down here as alot of us are looking to migrate to Guyana after completing the program.

[hong kong phooey]

Hurts me to see Guyana talk about Trinidad like this and he's talking about stuff that happened during pnm days.

Really hopes it doesn't affect petroleum engineering students down here as alot of us are looking to migrate to Guyana after completing the program.

you should be alright ah hope because people with experience are getting the jobs . They still dont have a fully trained workforce . Loads of trinis overthere.
You always have someone bumping their gum (like me )

[ADONI]

So all they Guyanese going back home then?

[JF.K]

So all they Guyanese going back home then?

Going back home you say... the majority of Guyanese that come here are those who are ambitious, ready to work hard or just make a hustle - and they getting through. There are more Guyanese business owners here and I cant bet you that any construction or tradesmen you hire, will be a Guyanese. Trinis here to make a quick corrupt dollar, they fight for less work and more pay that is why Spanish and Guyanese have Trinis out of a job.
Btw, I am not a Guyanese... just making an observation from experience.

[toyolink]

The prospects of new found wealth will become a source of new postures which in many cases frustrates opportunities for anticipated objectives and timing of achievements.
Sometimes its better to hold ones tongue until things come to fruition.
Guyana has always been the country with the natural resources to be the caricom El Dorado, the question has always been .......Why hasn't this country realized their true GDP potential?
I sincerely hope all goes well this time.

[Aaron 2NR]

dont blame them... Trinidadians still stereotype and bash them

[Cantmis]

We are the least of their worries

[MaxPower]

Guyana is booming

[RedVEVO]

^^^^^^

Guyana will be raking in mucho oil boom $$$ soon

Will they say the following to Trinidad ?

" 'Money is not the problem' "

" Guyana is 'not an ATM card' "

[C.Brown]

The oil shift is happening..it’s projected by 2025 there may be an oil price crises, but by then Guyana would still make a lot of extra money....Tnt immigration still refusing entry to some Guyanese but yet America has issued visas to Guyanese citizens who are unemployed, don’t hold deed or ties...so easy it’s like they walked in a shop to buy credit...

The ASD is lobbying to ensure American businesses get a foothold in the coming boom for Guyana....Tnt currency is no longer valuable there..22:1
And dropping

So tnt has more pipe coming it’s way adding to all the current woes

Some big wig politician hadd go on he knees and beg

[RedVEVO]

The oil shift is happening..it’s projected by 2025 there may be an oil price crises, but by then Guyana would still make a lot of extra money....Tnt immigration still refusing entry to some Guyanese but yet America has issued visas to Guyanese citizens who are unemployed, don’t hold deed or ties...so easy it’s like they walked in a shop to buy credit...

The ASD is lobbying to ensure American businesses get a foothold in the coming boom for Guyana....Tnt currency is no longer valuable there..22:1
And dropping

So tnt has more pipe coming it’s way adding to all the current woes

Some big wig politician hadd go on he knees and beg

Some big NO wig politician hadd go on he knees and beg

[zoom rader]

Jah bless Guyana and dey oil

[toyolink]

Monetisation of hydro-carbon resources has always been the greatest challenge face by countries all with good prospects.
In Guyana's case issues associated with todays threshold prices and the availability of human resources and support service providers (supply vessels,helicopter etc,etc) will have to be addressed.
Guyana and T&T are quite simply valuable to each other and failure by the parties to quickly work on an appropriate model could very well yield missed or frustrated opportunities.

[RBphoto]

Need to learn to make chicken curry oui.

[Redman]

Seems to me the same people that predicting TnT demise because of the death of oil....are the same people that saying Guyana will be booming.

[wickedtuna]

Guyana baboo's classes at utt. ......

[vaiostation]

People seem to be forgetting that guyana has the same racial divide just like trinidad, along with similar corrupted politicians who will fill their pockets just like every other country.
People hadda remember this is the Caribbean we in, this ain't south Korea or Singapore where people put country first, and think long term.
Guyana had enough resources long time to get their house in order but they couldn't. Same sheit that happening for decades gonna continue with the exception that more money passing to those that "have".
Plus, just saying it's usually never a good idea to have a to close relationship with the US, for obvious reasons.
Pie in the sky Ideals get us no where.

[bluefete]

Supposed to post this a while now:

https://www.theguardian.com/environment ... aster-risk

Exxon’s oil drilling gamble off Guyana coast ‘poses major environmental risk’
Experts warn of potential for disaster as Exxon pursues 9bn barrels in sensitive marine ecosystem

You could read the rest in the link.

[timothymcdavid]

Robert Persaud be holding this hard line for a while ... but what he refuses to mention is the role Trinbago has played in Guyana's development no other caricom country has done close to what Trinbago has done ... in all honesty as voiced in this very forum Trinbagonians believe in Guyana more than the self same Guyanese.

Doh worry too much with Robert he probably have a company somewhere wanting to get into the T&T market but getting deal some hard card so he making noise so he go get ease up.

[VII]

From since exploration to pumping, Trini interests have made more in this venture than Guyanase so far lol.. Guyana has become our biggest export market with expertise services and equipment etc and all that tags along with it, currently it's in the hundreds of millions of USD annually , no matter the price of oil T&T business would continue to do well in Guayana during this venture..

it's the average Guyanese you should be afraid for.. I have a feeling this isn't going to end too well for them..I've heard that Guyanese mismanagement corruption and credulity dealing with foreign entities are legendary..

[Hwells]

hmmmmmmmm

[Duane 3NE 2NR]

Between December 2019 when oil production started in Guyana, and the end of 2021, the country had received around US$608 million from a total of 9 oil lifts averaging 1 million barrels each, and royalty payments. But what Guyana took two years to acquire in revenue could now be secured in a matter of months if oil prices continue to skyrocket as a result of fallout from Russia’s invasion of Ukraine.

Guyana’s total production will rise to around 340,000 barrels of oil per day by the end of this year and will increase by more than three times this amount by 2027, when ExxonMobil, operator at the Stabroek Block, says it will have the capacity for output of around 1.2 million barrels per day.

https://oilnow.gy/featured/guyana-now-f ... -oil-lift/

[DMan7]

Time to move to Guyana.

[timelapse]

Time to move to Guyana.

Stay here and deal with the consequences of voting PNM