Tag: gawu
L.A. is shutting down its largest gas plant — and replacing it with an unproven hydrogen project
LOS ANGELES TIMES – The Los Angeles City Council voted unanimously Wednesday to move forward with an $800-million plan to convert the city’s largest gas-fired power plant to green hydrogen — a first-of-its-kind project that was hailed by supporters as an important step to solve the climate crisis but slammed by critics as a greenwashing...
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Exxon claims it will make no profit on US$1B investment in gas to energy project
Does this make economic sense??? Kaieteur News – Let’s say you are approached to invest one million dollars in an extremely profitable business venture. But you are told that you will only be repaid what you invested. You will receive no profit. Does that make sense? Would you invest your hard-earned money, only to receive...
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Conditions are ripe for higher royalty, ring-fencing provision in Exxon contract- Norton
…says Gov’t. acting in oil company’s interest by refusing to change deal Kaieteur News – With four oil projects already approved, and two presently pending the approval of the Environmental Protection Agency (EPA), the Leader of the Opposition, Aubrey Norton believes that “conditions are ripe” for Guyana to seek changes to the lopsided 2016 Production...
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Citizens object to EPA’s waiver of EIA for Wales power plant
…argue that toxic gases from power plant can pose danger to life Kaieteur News – A group of citizens have filed an objection to the Environmental Assessment Board (EAB) against the decision by the Environmental protection Agency (EPA) to waive an Environmental Impact Assessment (EIA) for a natural gas fired power plant, to be constructed...
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Exxon still to determine final cost of pipeline, price to transport gas
…Gas-to-Energy project… – EPA approval already given By Davina Bagot Kaieteur News – The Gas-to-Energy (GTE) project has been criticised by members of the Opposition as well as transparency activists for not only drowning in secrecy but also proven viability. The latter may be more of a concern now that ExxonMobil has said it is...
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All contracts must have room for renegotiation to avoid debt traps
Gas-to-Energy Projects… – If deals not made public, ask Govt. why? – Int’l Group urges Kaieteur News – For countries blessed with significant natural gas reserves, capturing those resources for use via gas-to-energy projects are often times, an obvious option for consideration. But the manner in which contracts governing these projects are framed can have...
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ExxonMobil US$460M pre-contract audit still ongoing- Minister Bharrat
Four years later… …Patterson says Guyana now at the mercy of oil company Kaieteur News – As Guyana scales up its oil production activities and begins revelling in revenue from its newfound natural resource, the country has been struggling to keep up with the oil company’s spending. Failure to keep watch on this crucial sector...
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2019 interview exposes Jagdeo’s promise to renegotiate lopsided Stabroek Block deal
Kaieteur News – For more than two years, Vice President (VP) Dr. Bharrat Jagdeo has condemned every voice that dared to remind him of the People’s Progressive Party Civic (PPPC) government’s promise to renegotiate the lopsided Stabroek Block contract. He out rightly rejected the notion that the party ever made such utterances. A 2019 interview...
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GY$43.3 billion allocated for natural gas power plant, natural gas liquids plant, transmission lines
Last Updated on Monday, 30 January 2023, 18:45 by Denis Chabrol The Guyana government intends to spend GY$43.3 billion on the construction of the gas to energy power plant, natural gas liquids plant and the transmission lines, Prime Minister Mark Phillips said Monday. During consideration of the estimates of the 2023 National Budget, Mr Phillips,...
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IDB lists clean energy as priority area this year
– says Caribbean people “deserve better jobs, safer streets, quality healthcare” Kaieteur News – New President of the Inter-American Development Bank, Ilan Goldfajn said that he sees Latin America and the Caribbean as contributing to help solve some of the biggest global challenges, including food insecurity and the need for clean energy. During his inaugural...
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