Jan 16, 2023
By Renay Sambach Commonwealth Secretariat Economic Adviser, Naadira Ogeer, has cautioned developing countries like Guyana that the price tag attached to decommissioning could easily wipe out any benefits the country sees from oil project. The process of restoring the ocean’s floor when an oil and gas project has come to an end is called ‘Decommissioning.’...
Jan 03, 2023
The Vreed-en-Hoop Shore Base Inc (VESHI) has started the new year with the emergence of the first part of its artificial island in the Demerara River. The consortium managing the project hailed this as a momentous achievement and a first for Guyana. This new island is part of the reclaimed land that will be transformed...
Dec 29, 2022
Kaieteur News – The high levels of gas flaring by oil giant ExxonMobil has been a sore issue for Environmentalists and Civil Society Activists here. However, the Guyana Government has taken a different approach to the matter, allowing the company to burn the excess gas but pay a paltry fine for doing so. After months...
Dec 28, 2022
… as oil sector moves at breakneck speed Kaieteur News – Attorney General and Minister of Legal Affairs, Anil Nandlall recently noted that the government is in the process of modernizing the nation’s waste management laws. During the airing of his programme, Issues in the News, Nandlall said a modern waste management bill is currently...
Dec 23, 2022
Kaieteur News – Social Activist, Ramon Gaskin has signalled his intention to appeal Wednesday’s Court of Appeal (CoA) ruling that Hess Guyana Exploration Ltd (Hess) and China National Offshore Oil Cooperation Guyana (CNOOC) do not need separate licences to engage in oil development and production given the licence obtained by their partner, Esso Exploration and...
Dec 19, 2022
Kaieteur News – On Friday, High Court Judge Nareshwar Harnanan ruled that Guyana’s Environmental Protection Agency (EPA) breached the law to issue a permit to Schlumberger Guyana Inc. to construct a radioactive storage facility at Lot 1 Area ‘X’ Houston, East Bank Demerara (EBD)., without conducting an Environmental Impact Assessment (EIA) first. On February 14,...
Dec 17, 2022
-judge quashes permit, rules waiving impact study was illegal By David Papannah December 17, 2022 Court Document: 2022-HC-DEM-CIV-FDA-193 – Click to Download and read – PDF version. Justice Nareshwar Harnanan yesterday ruled that the Environmental Protection Agency (EPA) breached its statutory duty by issuing environmental permits to Schlumberger-Guyana Inc. and waiving the requirement for an Environmental Impact Assessment...
Nov 21, 2022
It is estimated the combined gross recoverable reserves the total amount of oil which the oil companies expect to extract from the Stabroek Block from its four approved field development plans is an estimated 11 billion barrels. Assuming an average price of US$55 per barrel, these fields are expected to generate cost to the value...
Nov 10, 2022
Kaieteur News – American oil giant, ExxonMobil Corporation and Dutch shipbuilder, SBM Offshore have signed a Memorandum of Understanding (MoU) for another floating production storage and offloading (FPSO) vessel to serve a future project in Guyana. Over the years, the Dutch company secured several contracts for the provision of FPSO vessels to ExxonMobil, including the...
