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Tag Archives: Rystad Energy

Guyana’s oil revenues will decline in short term; ExxonMobil won’t stop production in Guyana

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

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OPINION: Oil contract: priorities were never about money, but access and security

By GHK Lall As the flurry of articles cascade on citizen and country relative to the NGO report on the negatives and failures embedded in the ExxonMobil deal, I hear and read of much passion, more quarrelsome noises, and the usual selective acceptance and rejection of a whole host of surrounding facts. Those facts are the realities with which Guyana ...

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