Guyana Oil and Gas News

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.

Introduction As indicated last week, today’s column starts with referencing the five studies on Guyana’s energy  mix, which were undertaken on behalf of the previous government.

Introduction This column which last appeared on April 17, 2020, is returning for a short series.

Over one hundred persons from a broad swathe of society have sent a detailed  submission to the Environmental Protection Agency (EPA) with a number of questions they want answered in the impact assessment to be done for ExxonMobil’s fourth proposed oil well here – Yellowtail.

ExxonMobil’s subsidiary, Esso Exploration & Production Guyana Limited (EEPGL) has re-commenced exploration drilling operations at the Jabillo Well site within the offshore Canje Block.

ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana – its 20th find offshore Guyana.

The main opposition APNU+AFC has approached the National Assembly to have a land use policy developed to manage the location of shore bases in the Oil and Gas Sector.

The first in-person, public scoping consultations on Friday to guide the Environmental Impact Assessment (EIA) for ExxonMobil’s planned Yellowtail Development saw a poor turnout.

The Saipem Guyana Offshore Construction Facility, which was officially being declared open yesterday, will soon commence operations to support Guyana’s oil and gas sector.

ExxonMobil says that the use of radioactive materials in its operations here is done according to International Atomic Energy Agency (IAEA) standards and it has submitted a key document on related matters to the Environmental Protection Agency (EPA).

Introduction Today’s column starts my review of the Government of Guyana’s, GoG’s, natural gas to shore proposal, as prioritized in the 2021 National Budget.

With repairs to components of the Liza Destiny oil platform flash gas compressor now completed, ExxonMobil’s affiliate Esso Exploration and Production Guyana Limited (EEPGL) on Friday said that reinstallation and start-up of the compressor should be done by mid-June.

Introduction The 2021 National Budget identifies a successful local content policy, LCP, as required for converting projected petroleum windfall revenues into sustained economic differentiation and growth; combined with economic diversification and development.

(Reuters) – A tiny hedge fund dealt a major blow to Exxon Mobil Corp yesterday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.

A University of Guyana scientist and a conservationist have filed an action against the State in which they argue that the greenhouse gases emitted from petroleum operations in the Liza Phase 1 are  hazardous not only to the environment, but the health and wellbeing of citizens and must be stopped.

(Reuters) – A tiny hedge fund dealt a major blow to Exxon Mobil Corp today as shareholders elected at least two of the fund’s nominated directors to the oil giant’s board after a months-long battle over the company’s carbon footprint and growth plans.

THE HAGUE,  (Reuters) – A Dutch court today ordered Royal Dutch Shell to significantly deepen planned greenhouse gas emission cuts, in a landmark ruling that could pave the way for legal action against energy companies around the world.

Students of the University of Guyana’s (UG) Faculty of Engineering and Technology are now able to gain practical experience in the development of drilling fluid (MUD) for the Oil and Gas Sector following the launch of a MUD lab at the Turkeyen Campus.

Introduction Today’s discussion addresses the notion of Dutch Disease. This is put forward in the 2021 National Budget as the most dangerous pitfall the Authorities will have to navigate as the country pursues economic growth and development with macroeconomic balance.

Insisting that it used global best practices to determine the amounts of the fines catered for in the revised Liza-1 Environmental Permit, the Environmental Protection Agency (EPA) yesterday assured that Guyana will not have to pay a cent of the US$30 per Co2 equivalent fine catered for in the document and said that its current staff is competent enough to calculate the penalties.