The EPA on Friday said that it viewed the Environmental Permit for the upcoming Payara oil well and the Modified Environmental Permit for the pending Liza-1 well as marked improvements on what existed before.
Introduction
As a social scientist, I have observed, in recent years the unprecedented rise at a global existential level of some of the scariest social phenomena I have ever encountered.
This final column of this mini-series examining the financial statements of the three Contractors under the 2016 Petroleum Agreement, reviews their balance sheets, sometimes referred to as statement of affairs, as at December 31, 2020.
ExxonMobil on Wednesday reported progress on the installation of a repaired component of the third stage flash gas compressor on the Liza Destiny Floating, Production, Storage and Offloading (FPSO) oil platform in the Stabroek Block, offshore Guyana, and announced that it has applied for approval to flare above pilot levels for equipment testing.
The French oil exploration and production company Total Energies is celebrating its enhanced reputation in the field of oil prospecting after having collaborated with Qatar Petroleum to clinch a contract for a major drilling operation offshore Suriname.
NEW DELHI, (Reuters) – Indian Oil Corp IOC.NS, the country’s top refiner, has made its first purchase of Guyana’s Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said.
BOSTON, (Reuters) – Activist investor Engine No. 1 spent roughly US$12.5 million to win three board seats at Exxon Mobil Corp, less than half its original budget, for the year’s biggest and most closely watched corporate contest, people familiar with the number said.
Eco (Atlantic) Oil & Gas Ltd yesterday announced it has closed a transaction with JHI Associates Inc, a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI which will allow it access to the Canje offshore block where oil exploration is taking place.
A clause in government’s environmental permit for the upcoming Payara Well may give ExxonMobil carte blanche to flare continuously for free thus dimming any hope of Guyana collecting on the US$30 per tonne of carbon dioxide equivalent (CO2 eq) fine it has imposed for flaring over 60 days, former EPA Director Dr.
With the impact assessment for the US$900 million Wales gas-to-shore project imminent, the Environmental Protection Agency (EPA) on Friday invited public submissions on the scope of the study for the project, which is intended to begin operations in 2024.
Introduction
After seven consecutive weeks, today’s column draws to a close my rather extended (albeit selective) excursion into this year’s National Budget and its treatment of the country’s emergent oil and gas sector.
The Italian multinational oilfield services company Saipem S.p.A, says it is moving forward with the establishment of a new offshore construction facility in Guyana in pursuit of the country’s efforts to create the infrastructure necessary to facilitate the country’s oil recovery pursuits.
Introduction
Each of the past three columns (#’s 88 – 90) reviewed the financial statements of one of the three oil companies which signed the 2016 Petroleum Agreement with the Coalition Government of President Granger.
(Reuters) – A Massachusetts state judge has rejected Exxon Mobil Corp’s bid to dismiss a lawsuit by state Attorney General Maura Healey accusing the oil company of misleading consumers and investors about its role in climate change.
Introduction
Esso Exploration and Production Guyana Inc. (Esso), the largest of three partners in the Stabroek Block, with a 45% share under the 2016 Petroleum Agreement, has declared a loss of $6,516 million in 2020.
Introduction
As indicated last week, due to limited space in that column, I start today’s with the promised presentation of a listing of the valuation criteria used by the Guyana Authorities to inform their decision about the site of the proposed natural gas power plant and related facilities at Wales.
Over 30 Guyanese wrote last month to some ExxonMobil’s shareholders to press for the oil major to disclose an updated risk assessment, flaring data and emergency response plans pertaining to the Liza Phase 1 project offshore Guyana.