Oct 22, 2024
…4.3 Trillion cubic feet of gas burned Kaieteur News- ExxonMobil Guyana Limited (EMGL) in 2023 handed over $5.6M in flaring fees to the Environmental Protection Agency (EPA). This was revealed by President of EMGL, Alistair Routledge during the company’s third quarter media conference. The company is required to pay US $50 per tonne of carbon...
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.’...
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...
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...
