Tag: guyana
Exxon still to determine final cost of pipeline, price to transport gas
…Gas-to-Energy project… – EPA approval already given By Davina Bagot Kaieteur News – The Gas-to-Energy (GTE) project has been criticised by members of the Opposition as well as transparency activists for not only drowning in secrecy but also proven viability. The latter may be more of a concern now that ExxonMobil has said it is...
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All contracts must have room for renegotiation to avoid debt traps
Gas-to-Energy Projects… – If deals not made public, ask Govt. why? – Int’l Group urges Kaieteur News – For countries blessed with significant natural gas reserves, capturing those resources for use via gas-to-energy projects are often times, an obvious option for consideration. But the manner in which contracts governing these projects are framed can have...
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ExxonMobil US$460M pre-contract audit still ongoing- Minister Bharrat
Four years later… …Patterson says Guyana now at the mercy of oil company Kaieteur News – As Guyana scales up its oil production activities and begins revelling in revenue from its newfound natural resource, the country has been struggling to keep up with the oil company’s spending. Failure to keep watch on this crucial sector...
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2019 interview exposes Jagdeo’s promise to renegotiate lopsided Stabroek Block deal
Kaieteur News – For more than two years, Vice President (VP) Dr. Bharrat Jagdeo has condemned every voice that dared to remind him of the People’s Progressive Party Civic (PPPC) government’s promise to renegotiate the lopsided Stabroek Block contract. He out rightly rejected the notion that the party ever made such utterances. A 2019 interview...
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GY$43.3 billion allocated for natural gas power plant, natural gas liquids plant, transmission lines
Last Updated on Monday, 30 January 2023, 18:45 by Denis Chabrol The Guyana government intends to spend GY$43.3 billion on the construction of the gas to energy power plant, natural gas liquids plant and the transmission lines, Prime Minister Mark Phillips said Monday. During consideration of the estimates of the 2023 National Budget, Mr Phillips,...
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IDB lists clean energy as priority area this year
– says Caribbean people “deserve better jobs, safer streets, quality healthcare” Kaieteur News – New President of the Inter-American Development Bank, Ilan Goldfajn said that he sees Latin America and the Caribbean as contributing to help solve some of the biggest global challenges, including food insecurity and the need for clean energy. During his inaugural...
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Environmental Impact Assessments are not as solid as they appear
Kaieteur News – Environmental and social impact assessments (ESIAs) done without engagement of members of society should be rejected outright. These ESIAs are often undertaken to satisfy regulatory requirements rather than to arrive at a true and comprehensive picture of the array of possible impacts of a project. In the 1960s and 70s, there were...
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Local transparency body ‘sick of secrecy’ in oil and gas sector
By: Davina Bagot Kaieteur News – For decades, successive Governments have kept quiet on Guyana’s petroleum sector, an issue which the present ruling People’s Progressive Party (PPP) administration must take responsibility for. This is according to Mr. Fredrick Collins, Head of the Transparency Institute Guyana Inc (TIGI), a local watchdog body that advocates for good...
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Guyana signs contract with India to supervise Wales NGL and power plant
Kaieteur News – President Irfaan Ali on Thursday witnessed the signing of a contract between the Guyana Power and Gas Inc. and Engineers India Limited (EIL) for the provision of Consultancy Services for the Wales Natural Gas Liquids (NGL) facility as well as the 300 megawatt (MW) power plant. These two facilities are components of...
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