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For 36 days of flaring, Exxon will pay Guyana around US$1.3M – VP Jagdeo

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says ExxonMobil will pay the Government around US$1.3M for 36 days of flaring at the Liza Phase 1 Development operations, in keeping with new measures implemented by the Environmental Protection Agency (EPA). During a...
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Guyana Vice President says government will not participate in GIPEX

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The Government of Guyana will not participate in the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) due to the involvement of Valiant Business Media, the organiser. “Once this Valiant is organizing it, we will not participate,”...
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Carbon pricing benchmark utilized to determine Exxon’s flaring payment — EPA

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Guyana’s Environmental Protection Agency (EPA) recently revealed that it had utilized a carbon pricing benchmark to determine the US$30 per tonne of carbon dioxide equivalent (CO2e) payment which ExxonMobil will make for flaring offshore at its Liza Phase 1...
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Local companies ink deal to serve Guyana, Suriname upstream sector

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Local companies are positioning themselves to reap the benefits from Guyana’s burgeoning petroleum sector, even extending their reach to neighboring Suriname. The latest to do this is Demerara Contractors and Engineers Limited (DCEL) and AGT Energy Group Inc. (AGT). The...
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Guyana team clinches 2nd place in Peterson’s annual safety awards

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Energy logistics and supply chain solutions company Peterson says the performance of its Guyana team was exemplary in 2020, registering zero recordable incidents and pushing it to second place in the company’s annual safety awards. “Cheers to our well-deserving Guyana...
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Stena DrillMAX taps Longtail-3 for more crude in multi-billion-barrel South America basin

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ExxonMobil continues to forge ahead with its exploration drilling campaign offshore Guyana in a bid to add more oil equivalent barrels to the already 9 billion plus it has found in the South American country. The Stena DrillMAX is engaged...
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ExxonMobil will not recover US$30 payment for flaring at Liza Phase 1 – EPA

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Guyana’s Environmental Protection Agency (EPA) has clarified that ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) will not recover the US$30 payment for CO2e emissions recently introduced in the modified Environmental Permit for the Liza Phase 1 Development. The...
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EPA to set flaring targets for upcoming ExxonMobil projects offshore Guyana

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Guyana’s Environmental Protection Agency (EPA) is currently developing flaring targets for ExxonMobil’s future offshore projects. And with the Liza Phase 1 Environmental Permit up for renewal on June 1, 2022, the EPA announced that flaring targets will also be...
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IEA’s call to halt oil and gas developments could add to price volatility

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(Reuters) OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not...
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No decision yet from Environmental Assessment Board on GOES waste treatment facility

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A review is still being undertaken regarding the establishment of an oil and gas waste treatment facility at a location on the East Bank of Demerara in Guyana. A public hearing was held on Monday, May 10, at the Soesdyke/Huist’ Coverden...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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