Oct 29, 2022
Kaieteur News – American oil giant, ExxonMobil Corporation yesterday announced that its third-quarter 2022 earnings was a record-shattering US$19.7 billion, or US$4.68 per share. This was also a significant increase over its earnings in the previous quarter which totaled a whopping US$17.9B. It said third-quarter results included US$1B in earnings from divestments of assets in...
Oct 28, 2022
Kaieteur News – ExxonMobil Corporation’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) disclosed yesterday that two discoveries were recorded at the Sailfin-1 and Yarrow-1 wells in the Stabroek block, adding to its already extensive portfolio of development opportunities. EEPGL said the Sailfin-1 well encountered approximately 312 feet (95 meters) of hydrocarbon-bearing sandstone and was...
Oct 27, 2022
Experts say crude oil pipeline from Uganda to Tanzania will produce 25 times host nations’ combined annual emissions. An oil pipeline under construction in east Africa will produce vast amounts of carbon dioxide, according to new analysis. The project will result in 379m tonnes of climate-heating pollution, according to an expert assessment, more than 25...
Oct 27, 2022
Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits. —by Damian Carrington Environment editor Read full story.
Oct 27, 2022
– company to sell 9 million barrels from Stabroek Block by December Kaieteur News – American oil explorer and producer, Hess Corporation, reported yesterday that it earned a net income of US$515 million, or US$1.67 per common share, in the third quarter of 2022. This is a significant increase when compared with a net income...
Oct 27, 2022
Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits The climate crisis has reached a “really bleak moment”, one of the world’s leading climate scientists has said, after a slew of major reports laid bare how close the planet is to catastrophe. —by...
Oct 26, 2022
UN Climate Change News, 26 October 2022 – A new report from UN Climate Change shows countries are bending the curve of global greenhouse gas emissions downward but underlines that these efforts remain insufficient to limit global temperature rise to 1.5 degrees Celsius by the end of the century. —by United Nations Climate Change Read...
Oct 22, 2022
Kaieteur News – Minister of Natural Resources, Vickram Bharrat recently signed the Local Content Master Plans of 11 companies providing services to Guyana’s rapidly expanding petroleum sector. The October 19 signing took place at the Office of the Minister on Duke Street, Georgetown. Minister Bharrat with the Director of the Local Content Secretariat, Mr Martin...
Oct 21, 2022
Kaieteur News – Guyana Shore Base Inc. (GYSBI) and its sister company, Sustainable Environmental Solutions (SES), on Wednesday, received their Local Content Master Plan Approvals from the Local Content Secretariat, Ministry of Natural Resources. Deputy General Manager of Guyana Shore Base Inc, Rabin Chandarpal, receives the Local Content Master Plan Approval from Minister of Natural...
Oct 21, 2022
City Magistrate Leron Daly on Friday released the Head of Ramps Logistics Shaun Rampersad on $500,000 bail for ten charges of false declarations made over the past two years to the Guyana Revenue Authority (GRA). Rampersaud, whose stated address is Windsor Estates, East Bank Demerara, pleaded not guilty to the charges; he was represented by...
