Tag Archives: ExxonMobil

by GHK Lall The Hon. Minister of Natural Resources, Mr. Raphael Trotman, MP, has now spoken a little more about what could have—perhaps, should have—been negotiated, finalized, and executed at the time with the now standing, sacrosanct ExxonMobil contract, and all of its troubling terms. Mr. Trotman is on the money on a few things about that contract, but I ...

The start of commercial oil production offshore Guyana in December depends on weather conditions, the ExxonMobil’s Vice President and Secretary, Neil Hansen said on Friday. “The target for achieving first oil is December, dependent on favourable weather conditions,” he told a webcast on ExxonMobil’s third-quarter 2019 financial and operating results. “This will place start-up within five years of initial discovery, ...

Hess Corporation, one of the partners in the ExxonMobil-controlled oil operations offshore Guyana, says commercial oil production will begin in December 2019. “In September, we announced our 14th discovery in the Stabroek Block at Tripletail, offshore Guyana and are now targeting December for first oil from the Liza-1 development,” Chief Executive Officer of Hess Corporation, John Hess was quoted as ...

by GHK Lall On this one thing all Guyanese can agree: the oil contract(s) is poor, measly, and impoverishing. I think so, and anything above the pittance finalized would be welcomed. But this is as far as I will go today on the demerits, or otherwise, of the contract(s). Instead, I focus on and share what I hope would be ...

The newly-formed Change Guyana (CG) political party on Tuesday vowed to renegotiate all existing contracts with oil companies to get higher royalties and suspend the award of new concessions pending those talks. Addressing CG’s launch at the Pegasus Hotel, prime ministerial candidate, Nigel Hinds made known his party’s position on the issue at a time when there is lingering debate ...

Former Natural Resources Minister, Robert Persaud on Tuesday made it clear that he never benefitted financially from the award of a concession to Ratio Energy or any other oil company, and said no local or foreign investigator has contacted him. “No, and it’s not my intention to benefit from any deal,” he said, adding that “I don’t perform my responsibility ...

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 ...

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 ...

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 ...

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 ...