Jan 31, 2025
By Stabroek News January 31, 2025 A Scottish court sitting in Edinburgh yesterday dealt a serious blow to the oil and gas plans in the North Sea of Shell and Norway’s Equinor. Hopefully the authorities in Georgetown will take note of the expanding jurisprudence as it relates to responsibility for downstream carbon emissions from oil...
Jan 29, 2025
Kaieteur News- As the Government of Guyana (GoG) continues to refuse to provide a detailed breakdown on the use of resources from the oil and gas sector, the Opposition has called out the administration for what it believes is lawless and disrespectful. Shadow Minister of Natural Resources, Shurwayne Holder, on Day Two of the ongoing...
Jan 12, 2025
The additional claim filed against the government by gas-to-energy (GtE) contractors CH4-Lindsayca is around the US$50m amount of the first claim and will bring the total sum to nearly US$100m. This claim is also tied to soil stability and site accessibility works, Country Manager of the company Humberto Lopez said on Friday. “Right now we...
Jan 12, 2025
Kaieteur News– More than a dozen Guyanese and two organizations have requested the United States Export Import (US EXIM) Bank to share documents relating to the Gas-to-Energy (GTE) project it has provided a US$527M loan to support. In a statement to the media on Friday, the citizens, Elizabeth Deane-Hughes, Danuta Radzik, Alfred Bhulai, Vincent Adams,...
Jan 12, 2025
Kaieteur News– More than a dozen Guyanese and two organizations have requested the United States Export Import (US EXIM) Bank to share documents relating to the Gas-to-Energy (GTE) project it has provided a US$527M loan to support. In a statement to the media on Friday, the citizens, Elizabeth Deane-Hughes, Danuta Radzik, Alfred Bhulai, Vincent Adams,...
Dec 30, 2024
On December 26th the Board of Directors at the Export-Import Bank of the United States (EXIM) approved US$527m to the Ministry of Finance to support the government’s ambitious gas-to-energy project that aims to strengthen energy security and lower the cost of electricity to consumers. According to the EXIM release, the financing from the transaction will...
Dec 30, 2024
Kaieteur News- On May 1, 2031, Guyana will commence repaying the United States Export Import (US EXIM) Bank for a US$527 million loan the institution approved on December 26, 2024. Over the 15-year repayment period, Guyana will pay the bank a whopping US$316.2M in interest. This means the country will be paying the Bank a...
Dec 30, 2024
Kaieteur News- ExxonMobil is confident it will capture all remaining opportunities in the Stabroek Block offshore Guyana before its exploration license expires in October 2027. This is according to Liam Mallon, President of ExxonMobil Upstream Company. There are over 30 significant discoveries made by Exxon in the Stabroek Block since 2015. Currently, oil is being...
Dec 20, 2024
It was hardly surprising that the fifth year of oil production evoked barely disguised triumphalist declarations by ExxonMobil Guyana. After all, the US oil major is laughing all the way to the bank and envisages decades more of this great carrying away of the national patrimony while the PPP/C government watches on disinterestedly and in...
Dec 15, 2024
Kaieteur News – International award-winning lawyer, Melinda Janki, has warned the United States Export Import (US EXIM) Bank that approving Guyana’s application for a loan to support the Gas-to-Energy (GTE) Project exposes the financial institution to political, financial and litigation risks. In a submission to the Bank, dated December 6, 2024, Janki lobbied the Board...