Tag: oil
Guyana’s oil helps Hess deposit US$515M in third quarter
– 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...
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Govt. approves 5yr local content plans for 11 oil services companies
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...
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GYSBI, SES Local Content Master Plans approved
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...
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RAMPS head released on $500K bail over alleged false declarations to GRA
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...
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Dutch FPSO builder to lease gated community with recreational facilities from Guyanese developer
…wants state-of-the-art recreational facilities Kaieteur News – Dutch ship builder, SBM Offshore is making moves to deepen its Guyanese roots as it recently issued a Request for Information (RFI) from qualified companies to develop a gated community and recreational facility for its employees. SBM issued the RFI on behalf of its subsidiary, Guyana Deep Water...
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Citizens protest EPA for ignoring concerns
Just over a dozen citizens on Friday picketed the Environmental Protection Agency (EPA) over its non-response to a letter raising several concerns with its handling of the oil and gas sector. The letter, signed by 54 citizens and dispatched to both the EPA and Environmental Assessment Board (EAB) on August 29, called for the bodies...
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“Our welfare is more important than profits from oil and gas” – picketers to EPA
By Davina Bagot Kaieteur News – A group of public-spirited citizens on Friday joined forces to picket the Environmental Protection Agency (EPA’s), Ganges Street, Georgetown Head Office after the body, which is mandated by law to protect the environment and its inhabitants, failed to respond to a letter which embodied the concerns of over 50...
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Law empowers Local Content Secretariat to have unrestricted access to oil companies’ facilities, records, & reports
OIL SERIES PT 9 By Kiana Wilburg Kaieteur News – According to Guyana’s Local Content Legislation, officials attached to the Local Content Secretariat or a representative of that body can have unrestricted access to a contractor, subcontractor or licensee’s facilities, records, reports, documents, data, and information. Such access is allowed for the purposes of monitoring,...
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Guyana gets one barrel of sewage for every barrel of oil pumped at Liza 1 – Melinda Janki
By Davina Bagot Kaieteur News – Based on the Environmental Impact Assessment (EIA) submitted by ExxonMobil Guyana for the Liza One operations in the Stabroek Block, the developer is allowed to dump as much as 4000 barrels of sewage each day in Guyana’s territorial waters. Environmental Lawyer, Melinda Janki, who has been flagging the dangers...
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Jagdeo pulling numbers out of thin air to justify US$2 billion Wales gas plant – Engineer
…challenges Jagdeo, economists to prove otherwise By Davina Bagot Kaieteur News – An engineer with over 50 years of expertise is challenging Vice President Bharrat Jagdeo’s figures as it relates to the cost to generate electricity via the US$2 billion Wales gas-to-energy (GTE) project. In the absence of any new feasibility studies for the venture...
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