Mar 10, 2023
Kaieteur News – Guyana’s Production Sharing Agreement (PSA) with ExxonMobil Guyana and their partners in the Stabroek Block, is structured in such a way that it in fact disguises, the true cost to produce a barrel of oil from its fields. Under the PSA, the operator is allowed to recover up to 75 percent of...
Mar 09, 2023
Dear Editor, Since oil has been extracted and exported from Guyana, no EEPGL financial statements have been made available to the public. More particularly, no financial data on the average cost of a barrel of oil has been publicized, given that this is an important non-renewable resource in Guyana’s patrimony. This is a serious concern...
Feb 17, 2023
…only four planned maintenance for power plant in 20 years Kaieteur News – The Wales Development Zone (WDZ) which is expected to house the proposed Natural Gas fired electricity plant includes at least one component that will require the use of traditional oils as part of the overall system. This much can be gleaned from...
Feb 14, 2023
Kaieteur News – At the end of a project’s life, oil and gas operators are required to restore the environment and cleanup the ocean floor after production activities; this process is referred to as decommissioning. Notably, Esso Exploration and Production Guyana Limited- ExxonMobil Guyana- deducts funds each month towards this expense. The money will only...
Feb 13, 2023
LOS ANGELES TIMES – The Los Angeles City Council voted unanimously Wednesday to move forward with an $800-million plan to convert the city’s largest gas-fired power plant to green hydrogen — a first-of-its-kind project that was hailed by supporters as an important step to solve the climate crisis but slammed by critics as a greenwashing...
Feb 13, 2023
Does this make economic sense??? Kaieteur News – Let’s say you are approached to invest one million dollars in an extremely profitable business venture. But you are told that you will only be repaid what you invested. You will receive no profit. Does that make sense? Would you invest your hard-earned money, only to receive...
Feb 13, 2023
…says Gov’t. acting in oil company’s interest by refusing to change deal Kaieteur News – With four oil projects already approved, and two presently pending the approval of the Environmental Protection Agency (EPA), the Leader of the Opposition, Aubrey Norton believes that “conditions are ripe” for Guyana to seek changes to the lopsided 2016 Production...
Feb 12, 2023
…argue that toxic gases from power plant can pose danger to life Kaieteur News – A group of citizens have filed an objection to the Environmental Assessment Board (EAB) against the decision by the Environmental protection Agency (EPA) to waive an Environmental Impact Assessment (EIA) for a natural gas fired power plant, to be constructed...
Feb 12, 2023
…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...
Feb 09, 2023
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...