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Tag Archives: oil and gas

Need for unannounced visits to oil operations – EPA Chief

The Executive Director of Guyana’s Environmental Protection Agency (EPA), Dr. Vincent Adams on Monday cited the need for unannounced visits to oil industry operations, even as American and British oil companies discovered more oil offshore the northeast coast of the South American nation. “Unfettered access to the site: There should be no prevention or stiff-arming of government employees or people ...

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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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AG Williams, Nandlall, Ramkarran differ on economic impact of no-confidence motion

Attorney General, Basil Williams on Monday sought to downplay the fallout from the now eight-month old no-confidence motion on Guyana’s business climate, even as two prominent opposition-aligned lawyers forecast a rough period. Speaking during a panel discussion organised by the American Chamber of Commerce Guyana (AMCHAM-G) on the topic “The implication of the CCJ (Caribbean Court if Justice) Consequential Orders ...

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New oil equivalent estimate at more than 6 billion barrels in Stabroek Block

Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE). “In Guyana, we have just increased the estimate of gross discovered recoverable resources for the Stabroek Block to more than 6 billion barrels of oil equivalent and continue to see multi-billion ...

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Ghana helps Guyana certify helideck on Liza Destiny

The Guyana Civil Aviation Authority (GCAA) says it got technical help from its Ghanaian counterpart aviation body to certify the helicopter deck aboard the floating production storage and offloading (FPSO) vessel, Liza Destiny, that is on its way to Guyanese waters to prepare for commercial oil production. “The inspection was conducted in collaboration with the Ghana Civil Aviation Authority (Ghana ...

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ExxonMobil to proceed with Liza Phase 2 offshore exploration

IRVING, Texas – ExxonMobil said Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day ...

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Oil and gas sector can boost agriculture; fishing will face greatest competition – FAO

The Food and Agriculture Organisation (FAO) does not believe that Guyana’s emerging oil and gas sector will pose a risk to the country’s valuable agricultural sector once systems are put in place to ensure the two sectors co-exist. The FAO’s Assistant Director-General for Latin America and the Caribbean, Dr. Julio Berdegué told a news briefing in Guyana that climate change ...

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World Bank approves US$20m for Guyana to cope with oil and gas risks

Guyana is to receive a US$20 million World Bank loan for its Petroleum Resources Governance and Management Project to prepare the country to deal with several oil and gas risks. The loan was approved on Friday, March 29. “This Project will enhance the transparency, governance, legal, regulatory and institutional frameworks for the oil and gas sector in Guyana,” the Finance ...

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