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Schlumberger applies for new permit to store radioactive materials underground near Demerara River

The United States-headquartered oil well drilling support company, Schlumberger (SLB), has applied for a fresh permit to store radioactive material in pits near the Demerara River, but representatives of the company on Tuesday ran into a firestorm of criticism at a public consultation. Schlumberger’s Legal Counsel, Kyle Prescod told reporters after the consultation that after the application to the Environmental ...

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High Court rules that gold miner, GGMC trespassed on Amerindian lands

The High Court has blocked a mining company and the Guyana Geology and Mines Commission (GGMC) from mining or permitting mining respectively in village lands at Jawalla, Region Seven (Cuyuni-Mazaruni) and awarded damages for trespass against the mining company and the regulatory agency. The Jawalla Village Council said Justice Sandil Kissoon awarded the Jawalla Village Council GY$10 million for trespass ...

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First payment from Hess Corporation for Guyana-Issued Carbon Credits

Guyana has received its first payment for carbon credits under the agreement with the Hess Corporation. US$75 million has been paid, and is the first payment in an agreement that will be worth a minimum of US$750 million up to 2030, government announced on Tuesday. Government said two further payments of US$37.5 million each will be made during 2023 – ...

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Schlumberger ordered to stop storing, using radioactive materials at East Bank Demerara location

The High Court on Friday ruled that the France-headquartered Schlumberger, a global provider of products and services to ExxonMobil’s operations in Guyana, must stop storing, using and possessing radioactive materials at its facility at Houston, East Bank Demerara. Justice Nareshwar Harnanan, in handing down his decision, agreed with the plaintiffs that the environmental permits awarded by the Guyana government’s Environmental ...

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OPINION: COP27 – a crime against humanity, a leadership vice

by GHK Lall I would sum up COP27 in two words. Promises, promises, promises. And dud, dud, dud. Most of those 200 plus should have done the world a favor, and stayed home. Nothing material comes out of these talkfests, so why have them? I give Gaston Browne of Antigua and Barbuda, and Barbados’s Mia Mottley a pass for sheer ...

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US to assess Guyana’s hydropower potential

President Irfaan Ali on Thursday said the United States (US) would be assisting Guyana in jointly assessing its hydro-electricity generation capacity. He told the opening of a Latin America and Caribbean meeting of the International Solar Alliance (ISA) that is one of the outcomes of his recent one-week visit to Washington DC where he held talks with the US Department ...

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Oil spill insurance pegged at US$600 million “per event” – Jagdeo

The ExxonMobil-controlled consortium that is exploring and producing crude oil in the offshore Stabroek Block has agreed to take out a US$600 million insurance “per event” to cater for any oil spill clean-up, even as talks continue for a US$2 billion parent company guarantee, Vice President Bharrat Jagdeo said Wednesday. He told a news conference that consortium named Esso Exploration ...

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ExxonMobil faces increased fine for flaring

The ExxonMobil-led Esso Exploration and Production Guyana Limited (EEPGL) will have to be pay a higher fine of US$50 per tonne of carbon monoxide, up from US$30, if it breaches the flaring rules under its Environmental Protection Agency’s (EPA)-renewed five-year permit for the Liza 1 project in the Stabroek Block.  “The permit also goes further to require the Permit Holder ...

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Private Sector Commission welcomes anti-spill, financial safeguards for Yellowtail

The Private Sector Commission (PSC) on Saturday said it was satisfied that the environmental authorisation of the Yellowtail oil production project requires the ExxonMobil-led consortium to have emergency equipment in Guyana to cap a well should there be a blowout at the offshore project. “The PSC is pleased with the Oil Spill Response and Financial Assurance provision in the permit ...

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New fuel exporters should form renewable energy fund

Barbados’ Prime Minister, Mia Mottley, on Tuesday proposed that new fossil fuel exporters like Guyana set aside at least 10 percent of their revenues into a fund for renewable energy, an idea that President Irfaan Ali said would require detailed study. “We believe that we should propose an accord among the new energy exporters to invest more than 10 percent ...

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February 2023