Guyana Oil and Gas News

All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more.

The pipes being offloaded

Pipes here for US$1b gas to energy project

Work on the estimated US$1 billion gas-to-energy project is forging ahead as pipes to be laid are in the country and will be installed from offshore coming inwards to Wales on the west bank of the Demerara River, even as administrative work on ExxonMobil’s Final Investment Decision wraps up.

Alistair Routledge

Halting of Liza-1 could cost US$350m per month

As the 30-day timeframe winds down for the implementation of Justice Sandil Kissoon’s ruling on ExxonMobil’s parent company guarantee, the US oil major yesterday said that should their appeals fail and parent companies refuse to supply one, it could lead to the halting of operations at the Liza 1 Phase 1 project in the Stabroek Block.

Parent guarantee order to feature at Exxon’s AGM

ExxonMobil’s annual general meeting on May 31st will see at least two demands from shareholders on the ramifications of the landmark decision by Justice Sandil Kissoon requiring it to provide an unlimited parent or affiliate company guarantee to indemnify and keep indemnified the EPA and the Government of Guyana.

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