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Oil & Gas

ExxonMobil says interim permit for chemical warehouse was too risky

Country Manager of ExxonMobil, Rod Henson on Monday said if the United States (US)-headquartered Nalco Champion (Guyana) Inc. had decided to sign on to an interim 12-month permit to establish a chemical warehouse in Georgetown, that would have been risky for the projected start of commercial oil production early next year. “There were some conditions in which we could be shut down ...

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ExxonMobil makes 1st Tripletail-1 well discovery offshore Guyana 

The Director of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe on Monday announced that ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. This well was being drilled by the Tom Madden drillship. This discovery adds to the previously announced estimated recoverable resource of more than ...

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British oil company finds more oil offshore Guyana

The London-listed Irish explorer Tullow Oil said on Monday that it has made a second oil discovery off the coast of Guyana, after the Joe-1 exploration well successfully opened a new upper tertiary oil play in the Guyana basin. The move follows a “substantial and high value oil discovery” by Tullow Oil in its Jethro-1 exploration well, in the same area of ...

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Guyana’s environmental protection rules force out Nalco chemical warehouse possibly to Trinidad

A United States (US)-headquartered company that has been facing resistance in setting up a petrochemical bond to supply oil to ExxonMobil’s production operations offshore Guyana will be moving its operations to Trinidad, sources said. Head of Guyana’s Environmental Protection Agency (EPA), Dr. Vincent Adam’s told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that Nalco Champion (Guyana) Inc. last week Friday officially ...

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OPINION: Clashing Guyanese and American priorities

By GHK Lall The US Ambassador could not have been clearer in where, from the perspective of her responsibilities and country, the priority of interests focuses. Though couched in the careful and studied language favored by diplomats, there could – and should – be no mistaking the position of strength from which she spoke, and the thrusts embedded in those. ...

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Spending oil money impossible before elections – Finance Minister

Due to the failure of the opposition People’s Progressive Party (PPP) and the Private Sector Commission (PSC) to nominate representatives to sit on an oversight committee to manage Guyana’s Natural Resources Fund (NRF), also known as the Sovereign Wealth Fund, Finance Minister Winston Jordan says government will be unable to spend the monies until after general elections. He said if ...

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OPINION: Venezuelan politics remind Guyanese of their patrimony and the related perils

By GHK Lall There was this sharp intensity of hard passions, as I absorbed two news developments from late last week. In view of the harsh, unforgiving tones and postures anyone could easily have mistaken the news reports as being about Guyana and its ugly political squabbles. In those two instances, they were not. For it was about powerful Venezuelan ...

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Venezuelan rivals cross swords over relinquishing claim of oil-rich Guyana’s Essequibo

Reproduced from Argus Media Venezuela’s rival political authorities are trading accusations of relinquishing the country’s historical claim to a large swath of neighboring Guyana on the eve of ExxonMobil’s launch of offshore production there. Venezuela’s executive vice president Delcy Rodriguez today released what she says is a months-old tape of Vanessa Neumann, the UK envoy of opposition leader Juan Guaido, ...

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US Fulbright Scholar pursues accreditation for UG’s engineering programme, research in oil pipeline corrosion

Fulbright Scholar, Dr. Norman Munroe will begin research in Guyana on preventing corrosion of pipelines in the oil and gas industry and facilitate accrediting engineering programmes at the University of Guyana, the United States (U.S.) embassy in Guyana said. That research is currently underway at Florida International University’s (FIU) laboratory. The U.S. embassy says Dr. Munroe, who is an FIU ...

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Georgetown Chamber flays American Ambassador over local content remarks

A section of Guyana’s business community has reacted sharply to United States Ambassador, Sarah-Ann Lynch’s warning that recent chatter about local content may scare away foreign investors. Senior Vice President of the Georgetown Chamber, Timothy Tucker indicated that Ms. Lynch is an American public servant who was merely representing her country’s business interests. Mr. Tucker says nothing is wrong with ...

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