Category: Oil & Gas Court
Gas-to-Energy contractor wriggles out of U.S. lawsuit alleging multi-million $$$ fraud
(Kaieteur News) – When the government of Guyana (GoG) entered discussions with Lindsayca, officials missed a bright neon red flag – a multimillion-dollar lawsuit that was raging in the United States against the company for allegations of fraud. Kaieteur News has already exposed the troubling history of the firm selected by government which President Irfaan...
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Lindsayca routing US-millions for foreign workers through payment firm, allegedly dodging tax and labour laws
…employees call for urgent visit by Labour Minister (Kaieteur News) – Hundreds of workers employed on Guyana’s flagship Gas-to-Energy (GTE) project are allegedly working without valid permits and being paid through a third-party company in a system that may be circumventing Guyana’s labour, immigration and tax laws, according to documents and testimony obtained by Kaieteur...
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Exxon continues milking Guyana’s profits to explore for more oil
(Kaieteur News) – Guyana is preparing to foot a heavy exploration bill this year for ExxonMobil, as the company embarks on drilling operations at the Barreleye-3 well site within the Stabroek Block. The Maritime Administration Department (MARARD) in a notice this week said the operator will continue exploration drilling operations at the site from June...
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Govt developing emergency response plan for Wales Gas-to-Energy project – PM
(Kaieteur News) – The government is developing a dedicated emergency response contingency plan for the Wales Gas-to-Energy project as part of efforts to strengthen disaster preparedness around the landmark energy initiative, Prime Minister Brigadier (ret’d) Mark Phillips announced on Tuesday during the opening of the 14th Caribbean Conference on Comprehensive Disaster Management (CDM14) at the...
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EXXON’S BOUNTY: FIVE YEARS, US$214 MILLION, AND COUNTING
The numbers are not in dispute. ExxonMobil submitted them. Let us be precise about what is happening here. Independent auditors examined costs that ExxonMobil itself declared and submitted for recovery under Guyana’s Production Sharing Agreement. They reviewed the numbers. They did the arithmetic. And they concluded that US$214 million in expenses charged to Guyana between...
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‘No gas crunch for Wales GTE despite rapid depletion of oil reserves at Liza fields’ – says Exxon
(Kaieteur News) – Although the oil in Liza One and Liza Two in the Stabroek block can be drained before the 20-year lifespan, gas flow to the Wales Development zone, to power electricity and other industries will not be affected. This was explained by President of ExxonMobil Guyana Limited (EMGL), Alistair Routledge in response to...
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Guyana’s new gas-to-energy push mirrors Ghana’s ongoing project troubles
(Kaieteur News) – The West African country of Ghana is moving ahead with a second major gas-to-energy project despite the many troubling experiences encountered during its first, a situation that mirrors Guyana’s own struggles with the controversial Wales Gas-to-Energy Project. Despite the hurdles surrounding the initial development, the PPP/C Government has insisted that a second...
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78 bid to invest in Wales energy projects – NPTAB
(Kaieteur News) – The government of Guyana through the Office of the Prime Minister (OPM) on Friday received 78 bids from investors who are interested in investing in the Guyana Ammonia and Urea Plant Inc. (GAUP) and the Guyana Gas Bottling and Logistics Company Inc. (GGBLC) at Wales, West Bank Demerara. According to information published...
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There can be no limit $$ for oil spill protection’ – Chris Ram
…questions Govt’s use of state resources to defend Exxon (Kaieteur News) – Chartered accountant and prominent attorney, Christopher Ram has criticized the recent decision by the Court of Appeal to overturn Justice Sandil Kissoon’s 2023 ruling which ordered ExxonMobil to provide Guyana with an unlimited parent guarantee for oil spills. In an invited comment, Ram...
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Court of Appeal overturns High Court’s ruling on ExxonMobil, EPA’s financial guarantees
The Court of Appeal on Thursday ruled in favour of ExxonMobil Guyana Limited (Exxon) and the Environmental Protection Agency (EPA), reversing a High Court judgement in 2023 that Exxon Mobil breached its obligations under the financial provisions of the environmental permit, according to one of the lawyers. The Court of Appeal also overturned Justice Sandil...
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