oil and gas sector

Guyana has selected the UK-based BP International Ltd to market the country’s share of petroleum from the Liza Destiny and Liza Unity floating production storage and offloading vessels. Under the Production Sharing Agreement, Guyana is…
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Between 2021 and 2022, royalties and the Governments’ share of profit from production sharing contracts cumulatively increased by 205%. That was one of the findings of the Trinidad and Tobago Extractive Industries Transparency Initiative’s…
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Guyana is considering invoking the Doctrine of Eminent Domain to seize lands in the path of its US$1B gas-to-shore project after failed consultations with some private landowners. The main feature of the gas-to-shore initiative is a…
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Tourism is leading the way as the Barbados economy recovers from the COVID-19 pandemic with the sector contributing an estimated $508.2 million to economic activity for the first nine months of 2022. In delivering his quarter economic…
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Guyana earned US$493.1 million which included profit oil of US$442.1 million and royalties amounting to US$51 million from the oil and gas industry July to September, according to the Bank of Guyana (BoG) in its third-quarter report for…
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