Guyana Oil and Gas News

The risk to various parts of the Caribbean from an oil spill from ExxonMobil’s planned development at Yellowtail was raised during the most recent consultation on the project.

As it denounced government’s negligence in failing to meet the deadline for the audit of over US$9 billion in expenses claimed by ExxonMobil, anti-corruption watchdog Transparency Institute of Guyana Inc.

Introduction I began the discussion on the petroleum metrics and finances of the Buxton Proposal by observing that the only material change to the  data previously utilized was the computation of Government Take by the IDB in their Technical Note back in August 2020, entitled ‘Traversing a Slippery Slope: Guyana’s Oil Opportunity.’

Dear Editor, I refer to your article, ‘Gov’t seeking up to US$2B insurance coverage from Exxon for Yellowtail project’, 04 November 2021. 

Partner in the offshore Stabroek Block, Hess Guyana, says it sees “simply outstanding financial returns” from the fourth planned well development in the Stabroek Block and it also said that the best possible use of gas from oil extraction would be for re-injection.

WASHINGTON, (Reuters) – Executives from some of the world’s biggest oil companies denied in U.S.

WASHINGTON, (Reuters) – A Congressional hearing this week into whether oil companies misled the public about climate change marks the start of a broad probe that may extend to other industries from advertising to social media, according to a lawmaker leading the effort.

As ExxonMobil seeks to win approval for its fourth well development at Yellowtail, one of its senior officials told Monday’s information session at the Umana Yana that the company takes the environment seriously and even the spilling of a teaspoon of oil will be reported to the authorities.

Three more civil society activists have objected to the EPA’s decision not to require an Environmental Impact Assessment (EIA) for ExxonMobil’s offshore Kaieteur Block drilling programme and they also lambasted the government agency’s waiving of EIAs “for all manner of projects at an unprecedented level”.

By Janette Bulkan Guyana is often mentioned for less than stellar reasons.

Introduction As indicated in last week’s column,  today’s  begins with the reproduction of the list of ten key references to guide inquiring readers who may need further information on the practice of cash transfers as a poverty policy intervention tool.

Environmentalist Simone Mangal-Joly has objected to the decision of the Environmental Protection Agency (EPA) to not require an Environmental Impact Assessment (EIA) for an ExxonMobil-led 12-well oil exploration programme in the offshore Kaieteur Block.

As it continues its drive for an environmental permit for its fourth oil  well development at Yellowtail, ExxonMobil has scheduled public awareness sessions on the proposed project.

While a large oil spill is seen as being an unlikely outcome of the ExxonMobil-led Yellowtail Development Project, an environmental study has recommended that the company be required to commit to regular response drills, simulations and exercises as part of needed preparations in the event of a worst case scenario.

  By Janette Bulkan On your way to or from Guyana’s international airport at Timehri you travel on the East Bank Demerara road.

For all the public hype and euphoria that had attended both official and public responses to ExxonMobil’s announcement of its first oil find offshore Guyana back in May 2015, there was always the likelihood that that response might collide with the consequences of the mounting climate change lobby that was beginning to assume ominously global proportions despite what had appeared for a while to be the studied indifference of the oil majors to the phenomenon.

By Arthur Deakin The International Energy Agency (IEA) recently set out a narrow roadmap for the world to reach net-zero carbon emissions by 2050.

The International Energy Agency (IEA) recently warned that exploration and development of new oil and gas fields must stop this year if the world is to reach net-zero emissions by 2050.

Over 1,000 persons have been interviewed over the last two days for 150 oil and gas jobs at the Guyana Shore Base Inc (GYSBI).

Introduction Today’s column focuses on the third and fourth broad areas of coverage related to the Buxton  Proposal, as indicated in my first column on this topic two weeks ago.