Guyana Oil and Gas News

The process for the submission of comments and objections concerning the Environmental Impact Assessment (EIA) for ExxonMobil’s Yellowtail Development Project concluded over one month ago but the EPA remains silent as to what the next step will be.

Introduction Last week’s column wrapped up my rather extended revisit of the Buxton Proposal, BP.

A new report from the World Bank is projecting that based on the current trends and effects of the pandemic, global energy prices are expected to be significantly higher than last year.

The presence of oil industry vessels in areas that were once profitable fishing grounds for local fishermen has forced them to scope out new grounds resulting in extremely low catches and high overhead expenses.

Oil and gas co-operation will be one of the items on the agenda when Brazilian President Jair Bolsonaro makes an official visit to Guyana later this month.

On New Year’s Day, the authoritarian government of the oil-rich nation of Kazakhstan removed the subsidy on fuel prices, sparking countrywide protests not only because of the resulting higher gas prices but also over issues relating to inequality, poverty and corruption.

Part 13 Introduction Today’s column [Part13] is the final  in the present series centring on my re-visit of the Buxton Proposal.

ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

President Irfaan Ali last evening announced a plan for more oil and gas scholarships for government employees and launched a blistering attack on APNU+AFC MPs over the pandemonium they caused at Wednesday’s sitting of Parliament even as he continued to defend the provisions of the controversial Natural Resource Fund (NRF) Bill.

The Private Sector Commission (PSC) today said that while it believes that wider consultation should have been pursued it supports the tabling and passage of the Natural Resource Fund legislation which is scheduled to come up for approval in parliament this afternoon.

The Georgetown Chamber of Commerce and Industry (GCCI) today said that more time should be given to the public to provide input on the Natural Resource Fund Bill which the government appears intent on passing today in Parliament despite severe criticisms.

President of ExxonMobil Guyana, Alistair Routledge says the company has had a safe year of operations in line with its commitment to its “Nobody Gets Hurt” occupational health and safety philosophy. 

Recent media reports seen by the Stabroek Business indicate that EXXON Mobil, the lead player in Guyana’s oil exploration and recovery pursuits have been ‘talking up’ what one report describes as the company’s “astronomical oil exploration success offshore Guyana.”

CGX Energy Inc, the holder of multiple oil and gas exploration licences in the Guyana-Suriname Basin, is seeking more funding for its drilling pursuits at the Kawa-1 exploration well, where, it says, more protracted operations are expected to push costs up.

Former Auditor General Anand Goolsarran yesterday called on the PPP/C government to release the IHS Markit audit report on US$460m in ExxonMobil’s pre-contract costs.

The Thwaites Glacier in Antarctica is about the size of Florida.

By Red Thread Red Thread’s members are primarily grassroots women, who live daily with various forms of economic and social insecurity.

An alliance of Caribbean organisations have objected to the Environmental Impact Assessment (EIA) for the Exxon-led Yellowtail project in the Stabroek Block offshore Guyana, saying that that regional states that could potentially be affected were excluded from the process. 

Introduction Today’s column has two broad objectives. The first is to keep the promise I made last week to start today’s column with brief comments on the current situation in regard to global climate action, specifically as manifested in this year’s United Nations Environment Program, UNEP’s,  Production Gap Report.

American deep-sea scientist, Dr Erik Cordes, has informed the Environmental Assessment Board (EAB) that the Environmental Impact Assessment (EIA) for ExxonMobil’s Yellowtail project is seriously deficient and does not paint the correct picture of the impact of its offshore activities.