DIRS.INFO The most relevant business & tech news

☆ Guyana: Nigel Dharamlall accused of sexual assault by another woman
▼ + stars: | 2024-05-10 | by ( Tara John | ) edition.cnn.com time to read: +4 min

The accuser, economist Sarah Aneesah Hakh, told an online press conference held in the capital Georgetown that former Minister Nigel Dharamlall sexually assaulted her in 2020 and 2021. Hakh said the first alleged incident occurred during a business meeting when Dharamlall was Guyana’s senior minister of regional development. He has been photographed recently with Guyanese President Irfaan Ali and Vice President Bharrat Jagdeo. In a March statement, Guyanese women’s rights group Red Thread criticized officials for failing the accuser. During their meeting, Hakh alleges Dharamlall tried to remove her clothes.

Persons: Sarah Aneesah Hakh, Nigel Dharamlall, Hakh, Dharamlall, ” Hakh, Irfaan Ali, Bharrat Jagdeo, “, ”, Ali, ‘, they’re Organizations: CNN, People’s Progressive Party, ” CNN, Anna Regina State House, Dharamlall, Guyanese Locations: Guyana, Georgetown, Guyanese, Cummings

☆ Guyana Will Stay Alert After Venezuela Vote on Territorial Dispute -VP
▼ + stars: | 2023-12-04 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +3 min

CARACAS (Reuters) - Guyana will remain vigilant after a Venezuelan referendum rejected an international court's jurisdiction over a territorial dispute between the neighboring countries, Vice-President Bharrat Jagdeo said on Monday. Bilateral tensions over the potentially oil-rich Esequibo region rose in recent weeks ahead of the five-question referendum, which Guyana unsuccessfully asked the International Court of Justice (ICJ) to bar. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.

Persons: Bharrat Jagdeo, Nicolas Maduro, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese Locations: CARACAS, Guyana, Esequibo, Venezuela, Dubai, Venezuelan, Caracas, Bogota

☆ Guyana will stay alert after Venezuela vote on territorial dispute -VP
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +3 min

The U.S. State Department said on Monday it supports a peaceful resolution of the dispute and that the issue could not be solved by a referendum. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Analysts have said the vote was an attempt by President Nicolas Maduro to gauge his government's support ahead of a 2024 presidential election. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.

Persons: Nicolas Maduro, Jorge Rodriguez, Elvis Hidrobo Amoroso, Bharrat Jagdeo, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: Venezuelan National, Electoral Council, National Electoral Council, Justice's, International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese, Thomson Locations: Venezuelan, CARACAS, Guyana, Esequibo, Venezuela, Dubai, Caracas, Bogota

☆ A Venezuelan vote on an oil-rich region of Guyana raises concerns of a South American military conflict
▼ + stars: | 2023-12-01 | by ( David Shortell | ) edition.cnn.com time to read: +9 min

The area in question, the densely forested Essequibo region, amounts to about two-thirds of Guyana’s national territory and is roughly the size of Florida. The recent discovery of vast offshore oil fields in the region has heightened the stakes of the dispute. Venezuelans in Caracas take part in a rally during the closing of the campaign for the Essequibo referendum, on December 1. It owns the congress of Guyana,” Maduro told supporters last week. Matias Delacroix/APOn Wednesday, Brazil announced that it was increasing its military presence with “defensive actions” along its northern border with Venezuela and Guyana.

Persons: Nicolas Maduro, Miguel Gutierrez, Shutterstock, Robert Persaud, Venezuela doesn’t, Matias Delacroix, ” Maduro, Maria Corina Machado, Maduro, ”, Phil Gunson, Irfaan Ali, Paul J, Angelo, Wazim Mowla, Adrienne Arsht, Vladmir Putin’s, Bharrat Jagdeo, “, ” Jagdeo, ” Gunson Organizations: CNN, Quarterly, Court of Justice, UN, International Court of Justice, ExxonMobil, AP, International Crisis, Venezuelan, Foreign Relations, Caribbean Initiative, Atlantic, America, Crisis Locations: Guyana, Essequibo, Florida, Venezuela, British, Venezuelan, Caracas, Ukraine, Guyanese, The Hague, Guyana's, Paris, Guiana, Georgetown, AP Venezuela, ”, Demerara, Brazil, Crimea, that’s

☆ Guyana not interested in joining OPEC, VP says
▼ + stars: | 2023-06-26 | by ( Kiana Wilburg | ) www.reuters.com time to read: +2 min

[1/2] Guyana's Vice President Bharrat Jagdeo poses for a photo during an interview with Reuters in Georgetown, Guyana, February 16, 2022. REUTERS/Sabrina ValleGEORGETOWN, June 26 (Reuters) - Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators. The Wall Street Journal reported on Monday that Saudi Arabia's energy minister, Abdulaziz bin Salman, and Haitham al-Ghais, OPEC's secretary-general, have invited Guyana to join the cartel. Guyana is planning an oil auction within a couple of months in hopes it can bring in other oil and gas companies. "We are committed to responsibly developing the resources offshore Guyana to maximize value for all stakeholders, including the government and people of Guyana," said Exxon spokesperson Meghan Macdonald in response to questions about the country and OPEC.

Persons: Bharrat Jagdeo, Sabrina Valle GEORGETOWN, Jagdeo, Abdulaziz bin Salman, Haitham, Meghan Macdonald, Kiana Wilburg, Sabrina Valle, Julia Symmes Cobb, Sandra Maler Organizations: Reuters, REUTERS, Organization of, Petroleum, OPEC, The, Natural Resources, Street, Exxon Mobil Corp, Exxon, Thomson Locations: Georgetown, Guyana, American, Vienna, Saudi

☆ Peak oil is another reason to shun OPEC club
▼ + stars: | 2023-06-26 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

The group known as OPEC+, which includes the organization’s 13 oil-producing members as well as allied nations like Russia, produces over 40% of the world’s oil. Guyana’s recoverable reserves of around 11 billion barrels in that field alone make it an obvious candidate to join OPEC. Non-OPEC oil nations, such as the United States, Brazil and Canada, are growing production. Even OPEC+ members aren’t united in their desire to prioritize price over production. OPEC+, which comprises the cartel’s 13 oil-producing states and ten other allied nations such as Russia, represents over 40% of the world’s oil production.

Persons: Groucho Marx, It’s, aren’t, Abdulaziz bin Salman, Haitham, Bharrat Jagdeo, Hess, Peter Thal Larsen, Oliver Taslic Organizations: YORK, Reuters, Organization of, Petroleum, Wall Street, Exxon Mobil, International Energy Agency, OPEC, United Arab Emirates, Cooperation, Saudi Energy, Wall Street Journal, Exxon, Thomson Locations: Guyana, OPEC, Russia, United States, Brazil, Canada, Nigeria, Saudi Arabia

HOUSTON/NEW DELHI, April 21 (Reuters) - South America's fastest growing oil producer has turned down the Indian government's request for discounted crude oil purchases during trade discussions, Guyana Vice President Bharrat Jagdeo said on Thursday. Guyana's oil production in total has tripled from a year ago to about 380,000 barrels of oil per day. "Any sale of our crude will have to be on commercial terms, not a discounted terms," Jagdeo said at a briefing. Indian buyers have sought a discount to compensate for high freight costs to send its oil to the Asian country, Jagdeo said. "Guyana crude is costly for us because of high freight.

HOUSTON, March 6 (Reuters) - Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade's hottest oil region, people close to the matter said. Guyana also has begun direct negotiations on the 14 blocks and other areas with governments that have state-controlled oil companies. The proposed rules will nearly double the government's take from oil production to 27.5% of royalties and profit oil, plus a new 10% corporate tax, compared to Exxon's main contract. "We believe it is asymmetric now, and a bit in favor of the companies," Jagdeo said. The Exxon group can use 75% of the oil production to offset a variety of costs, including construction of its new Guyana headquarters.

☆ Exclusive: Guyana aims to reclaim, offer 20% of Exxon oil block
▼ + stars: | 2023-02-17 | by ( Sabrina Valle | ) www.reuters.com time to read: +5 min

The group's contract allows Guyana to reclaim unexplored portions this year, Jagdeo said in an interview from the country's capital. Guyana is pursuing a multi-pronged strategy to lessen the consortium's grip on the country's oil resources, Jagdeo said, and spur new oil production. The decision to reclaim existing Exxon blocks signals urgency to speed development. Guyana also has development areas outside the soon-to-be-auctioned 14 blocks, and is prepared to offer them to "these countries on a bilateral level." The PSA draft will go through public consultation through March 8 and is expected to be finalized before an April 14 auction, Jagdeo said.

Refiner Indian Oil Corp (IOC.NS) also is looking to work in Guyana in collaboration with ONGC Videsh, two people close to the talks told Reuters. Guyana is offering three deepwater and 11 shallow-water blocks, each averaging 2,000 square kilometers (722 sq miles). Exxon is considering bids on the blocks, said the company's Guyana country chief, Alistair Routledge. To bring more companies into the auction, Guyana did not restrict the amount of blocks companies can bid for, but will limit the awards to three per company. Last year, Exxon, Hess Corp (HES.N) and China's CNOOC (0883.HK) ramped up oil output and exports with their second production vessel.

☆ Booming Guyana sets offshore oil auction under revamped fiscal terms
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

Officials this week approved an oil lease auction with timing details to be disclosed by the Ministry of Natural Resources. The auction will include three deepwater and 11 shallow-water exploration blocks, Vice President Bharrat Jagdeo said in an address. A new profit-sharing agreement that will cover future oil production agreements is under development and will be finalized before the auction ends, he said. Contract terms "shift significantly" the revenue split, with Guyana receiving a "greater share of the proceeds" compared to the existing Production Sharing Agreement terms, Jagdeo said. Each bid must include a development plan that will be considered along with the financial bid, Jagdeo said.

☆ EXCLUSIVE Exxon boosts Guyana oil output, undecided on future auction bid - source
▼ + stars: | 2022-09-20 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

An Exxon-led consortium discovered oil in the deep waters off Guyana's coast, launched first production in 2019 and now controls all output in the tiny nation. Those finds have turned Guyana into an emerging oil power with an estimated 11 billion barrels of recoverable oil discovered so far. But Guyana, which lacks the financial power to develop its natural resources by itself, has struggled to decide how to distribute oil properties outside of Exxon's blocks. It did not say when the new terms would be released, but stressed they will not replace Exxon's current deal. Guyana currently keeps less than 15% of the oil proceeds with the Exxon's consortium keeping the rest while also paying for costs of building the country's oil infrastructure.

Search resuls for: "Bharrat Jagdeo"

12 mentions found