Mar 25, 2023
Kaieteur News – Fears over the lack of full protection in the form of adequate insurance, should there be an oil spill in Guyana’s Exclusive Economic Zone (EEZ) is being raised again, since in the proposed draft Production Sharing Agreement (PSA) governing the new oil blocks, it exposes Guyana to significant financial risks. The issue...
Mar 20, 2023
Kaieteur News – With only one day left before the Environmental Assessment Board (EAB) hosts a special hearing into the appeals made by citizens, regarding a decision made by the Environmental Protection Agency (EPA) to exempt a 300 megawatt gas-fired power plant from a detailed impact assessment, Environment and Democracy advocate, Simone Mangal-Joly has appealed...
Mar 17, 2023
Kaieteur News – According to the draft Production Sharing Agreement (PSA) released on Tuesday for deep water and shallow water blocks, the People’s Progressive Party Civic (PPPC) Government is proposing to implement a suite of international guidelines that oil companies must follow when preparing Field Development Plans. These plans outline the steps a company will...
Mar 17, 2023
– says two weeks for public input inadequate Kaieteur News – The draft document of the new model Production Sharing Agreement (PSA) that was released on Tuesday should be subject to the necessary parliamentary processes which will allow for Guyanese to have an adequate review of the contract that will govern future oil deals. This...
Mar 14, 2023
Dear Editor, S.11 (5) of Guyana’s Environmental Protection Act declares that every environmental impact assessment shall contain the following information: – (b) an outline of the main alternatives studied by the developer and an indication of the main reasons for his choice, taking into account the environmental factors. One therefore expects to find studies of...
Mar 10, 2023
Kaieteur News – Guyana’s Production Sharing Agreement (PSA) with ExxonMobil Guyana and their partners in the Stabroek Block, is structured in such a way that it in fact disguises, the true cost to produce a barrel of oil from its fields. Under the PSA, the operator is allowed to recover up to 75 percent of...
Mar 09, 2023
Dear Editor, Since oil has been extracted and exported from Guyana, no EEPGL financial statements have been made available to the public. More particularly, no financial data on the average cost of a barrel of oil has been publicized, given that this is an important non-renewable resource in Guyana’s patrimony. This is a serious concern...
Feb 17, 2023
…only four planned maintenance for power plant in 20 years Kaieteur News – The Wales Development Zone (WDZ) which is expected to house the proposed Natural Gas fired electricity plant includes at least one component that will require the use of traditional oils as part of the overall system. This much can be gleaned from...
Feb 14, 2023
Kaieteur News – At the end of a project’s life, oil and gas operators are required to restore the environment and cleanup the ocean floor after production activities; this process is referred to as decommissioning. Notably, Esso Exploration and Production Guyana Limited- ExxonMobil Guyana- deducts funds each month towards this expense. The money will only...
Feb 13, 2023
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...
