Dec 01, 2022
…as Govt. continues to violate EITI standards Kaieteur News – The Government of Guyana is continuing to violate the Extractive Industries Transparency Initiative (EITI) standards that require full publication of oil sales agreement, as yet another deal remains in the dark. Notably, Guyana just awarded BP International Limited, a subsidiary of British Petroleum a contract...
Nov 30, 2022
… as largest dredge to operate in Demerara River arrives Kaieteur News – Vreed-en-Hoop Shore Base Inc. (VESHI) is gearing for the reclamation phase of its massive US$300M project which is set to directly support the operations of ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) in its offshore Stabroek Block project. A statement...
Nov 30, 2022
Kaieteur News – Guyana intends to use its oil wealth to among other things, protect itself from the harsh effects of climate change. Local stakeholders have said that Guyana’s oil windfall could bring some insurance against adverse changes in the same way it is being utilised for infrastructural development. This is despite the unusual oil...
Nov 23, 2022
Kaieteur News – American oil giant, ExxonMobil Corporation was named among three US Oil Majors who are lagging behind with their Global Reporting Initiative (GRI) standard tax-reports. This is according to Ian Gary, Director of the Financial Accountability and Corporate Transparency (FACT) Coalition. The FACT Coalition is a US based organisation that fights offshore tax...
Nov 21, 2022
Kaieteur News – The Oil and Gas Governance Network (OGGN), a civil society organization, is demanding that the terms announced by Government for future Production Sharing Agreements (PSAs) be applied to the Stabroek Block where over 11 billion barrels of oil have already been discovered. One of its members, Darshanand Khusial in a letter to...
Nov 15, 2022
– say high level probe needed to assess all associated risks Kaieteur News – A group of 40 Guyanese men and women from all walks of life along with five civil society organizations have written to President, Dr. Irfaan Ali, to urge that he pauses and take stock of the oil and gas sector, specifically...
Nov 13, 2022
Dear Editor, This Letter “A Fair Deal for Guyana – A Fair Deal for the Planet”, was sent to President Irfaan Ali by 45 Guyanese on Friday, November 11, to coincide with the UN Climate Summit, COP27, being held in Egypt. We wish his government success at COP 27 in Egypt in fulfilling his constitutional...
Oct 29, 2022
Kaieteur News – American oil giant, ExxonMobil Corporation yesterday announced that its third-quarter 2022 earnings was a record-shattering US$19.7 billion, or US$4.68 per share. This was also a significant increase over its earnings in the previous quarter which totaled a whopping US$17.9B. It said third-quarter results included US$1B in earnings from divestments of assets in...
Oct 28, 2022
Kaieteur News – ExxonMobil Corporation’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) disclosed yesterday that two discoveries were recorded at the Sailfin-1 and Yarrow-1 wells in the Stabroek block, adding to its already extensive portfolio of development opportunities. EEPGL said the Sailfin-1 well encountered approximately 312 feet (95 meters) of hydrocarbon-bearing sandstone and was...
Oct 27, 2022
– company to sell 9 million barrels from Stabroek Block by December Kaieteur News – American oil explorer and producer, Hess Corporation, reported yesterday that it earned a net income of US$515 million, or US$1.67 per common share, in the third quarter of 2022. This is a significant increase when compared with a net income...