On Sunday November 2020 two of my

GUYANA RECEIVES THIRD OIL AND GAS ROYALTY

DECISION TO PURCHASE US HELICOPTERS NOT FINAL

US Helicopter Bell 412EPi

Minister of Public Works, Bishop Juan Edghill,

Minister of Public Works, Bishop Juan Works, Bishop Juan Edghill Edghill, confirmed The payment was on Wednesday that deposited into the Natural US$4,304,275 was Resources Fund (NRF) received by Guyana as its on October 20, adding to third payment of oil and the approximate US$148 gas royalties. million in the NRF. It

Minister of Public represents payment (BBC News) Hurricane Eta brought torrential rain and high winds to Nicaragua as it made landfall in the Central American nation on Tuesday.

Two men were killed when a landslide buried the mine in which they were working in Bonanza, on Nicaragua’s north coast. In neighbouring Honduras, a 13-year-old girl died in the city of San Pedro Sula when the wall of her home collapsed onto the bed where she was sleeping. Eta has since been downgraded to a tropical storm. It first hit Nicaragua as a Category Four hurricane with winds of 140mph for Guyana’s gross oil production from July to September.

In May, Guyana received its first royalty payment of US$4.9 million; followed by the second in July, of almost US$3.7 million. The payments now total around US$12.9 million.

Article 15.6 of the Petroleum Agreement says royalties are estimated every month and must be transferred to the government 30 days after each quarter.

Under the Production Sharing Agreement (PSA), Guyana receives two percent royalty and 50 percent profit oil, which is what remains after the (225km/h) and torrential rains.

In the town of Puerto Cabezas, trees were uprooted and the perimeter walls of the baseball stadium were blown over, news agency AFP reports. Hurricane Center (NHC)

Hurricane Eta batters Central America killing three

producer recovers their production cost.

Guyana will receive profits from around five million barrels of oil cargo this year from production at the Liza Phase 1 Development.

The first three lifts from the Liza-1 Well were sold to Shell Western Supply and Trading Limited. The country’s fourth millionbarrel crude lift is on schedule to be completed early next month.

Guyana will also be entitled to five crude cargos for this year, as part of its profit share with ExxonMobil and its jointventure partners.

Minister of Public Works, Juan Edghill, said on Wednesday that the Government has not made a final decision on the purchase of four helicopters from the US State Department.

“At this stage, I don’t think we have a final decision…there is nothing in the 2020 budget to facilitate that acquisition at this time.”, the Minister said.

The Minister added that over the next few months it would be known if the government would go through with the purchase.

The US State Department granted approval on October 30, last, for the sale of two Bell 412EPi and two Bell 429 Helicopters and related equipment to Guyana at an estimated cost of US$256 million.

The Government requested to buy the helicopters with customerunique modifications in 2019. These include two WESCAM MX10 cameras; mission equipment; contractorprovided pilot and maintainer training; ground support equipment; spares; publications; integrated product support; technical assistance; transportation; Repair and Return; and other related elements of logistics and program support.

A press release from the Defense Security Cooperation Agency (DSCA) said the actual cost of the helicopters and equipment could be less depending on final requirements, budget authority, and signed sales agreement(s), if and when

UG reduces facilities fees

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The US National The University of Guyana Students

concluded. says that although Eta has The University of $25,000 after almost four would not be returning to weakened there remains Guyana Students Society months of negotiations. campus in the near future. the risk of life-threatening (UGSS) announced that The UGSS explained The University has flash floods in parts of the University has agreed that they approached the not had physical classes Central America that lie in to reduce facilities fees for University administration on campus since March the storm’s path. students for the academic for a reduction in facilities due to the COVID-19

The NHC’s forecast year 2020/2021 in light of fees following the pandemic. Students have is for Eta to move across the Covid-19 pandemic. economic impact of the been attending classes central Honduras on The fees have been COVID-19 pandemic and virtually through various Thursday. reduced from $50,000 to the realization that they online platforms. 92 Tucville, Georgetown, Guyana, Tel: 592-623-9971