Tag Archives: Exxon-Mobil

By Dr. Randy Persaud, Professor Emeritus In a recent letter to the editor, Mr. Christopher Ram suggested commentators express opinions for the good of the order. The comment was made in the context of some caution provided by Hon. Anil Nandlall (SC), Attorney General and Minister of Legal Affairs. Mr. Nandlall (SC) cautioned that criticism of ExxonMobil can be used ...

President Irfaan Ali on Tuesday announced that Guyana has requested the United Kingdom (UK) government to consider mounting a joint lobby to Lloyd’s of London insurance company to reduce its risk assessment of this country’s maritime space due to the border controversy with Venezuela. “Together, we will have to speak to Lloyd’s so that they can understand the nuances, the ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian Ganesh Mahipaul on Friday said his then governing coalition and ExxonMobil never agreed that the US$160 million that would be spent on building a new headquarters building at Ogle, East Coast Demerara would be recovered from oil revenues. “I’m guided that there were discussions and there was no agreement with ...

Guyana is on the verge of signing an agreement with ExxonMobil for its Payara Development Plan that would provide for hefty fines for flaring and the dumping of untreated water back into the sea, Minister of Natural Resources Vickram Bharrat said Friday. He told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that the actual fines were still under discussion ...

IRVING, Texas – ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a ...

The Guyana Defence Force (GDF) is to acquire another offshore patrol vessel, a decision that has been partly influenced by impending commercial oil production in a deep sea concession, Chief-of-Staff Brigadier Mark Phillips said Thursday. “I would say that the soon to be drilled well and exploitation itself perhaps would have accelerated the need for the acquisition of more vessels ...