If there continues to be delays in giving ExxonMobil the green light to begin developing its third project, the Payara in the Stabroek Block, Guyana stands to lose significantly. This picture was painted recently by Rystad Energy, a Norwegian research company. In its latest assessment of Payara, Rystad reminded that once developed, Payara is expected…
Former Advisor to the President, Dr. Jan Mangal, yesterday said that all contracts made in the four months of post elections have to be rescinded, as they were rushed and were not signed for the benefit of the people. He was, at the time, commenting on a revelation by this newspaper that Minister of Finance…
Perhaps everything would be easier if people could actually see the oil. If the drilling platforms, the supply boats and the gigantic specialized vessels used to clean and store the oil were anchored just offshore and not way beyond the horizon. Then, perhaps people would better understand the great lengths that oil companies go to…
Dr Vincent Adams, As noted in the press Esso Exploration and Production Guyana Ltd continues to flare more than 15 million cubic feet per day. It had already flared more than 9 billion cubic feet of gas. The flaring is a breach of what we were promised. In 2017, the Minister of Natural Resources said, “We also determined that…
5th June 2020David MalpassPresidentThe World Bank1818 H Street,Washington DC, NW 20433 Dear Mr Malpass,Guyana Petroleum Resources Governance and Management Project (P166730) (Guyana Project)IDA: promoting an increase in greenhouse gas emissions from GuyanaWe are concerned that the Guyana Project contains a fundamental misunderstanding of Guyana’s legal regime. If so, it will lead to an increase in…
As ExxonMobil holds its 2020 Annual Meeting of Shareholders today, the Center for International Environmental Law (CIEL) calls on the company to stop flaring gas offshore in Guyana, the site of its biggest oil development outside the U.S. Permian Basin. The flaring, which far exceeds levels authorized by the Guyanese government, releases greenhouse gases and…
Is it in Guyana’s best interests to take ‘associated gas’ to generate electricity, as so enthusiastically advocated by Mr Bynoe and Dr Mangal? Quite simply, no. The IMF, the World Bank, the IADB, the European Investment Bank, leading economists (e.g. former World Bank Chief Economists Lord Stern and Joseph Stiglitz,), the Institute for Energy Economics…
ExxonMobil’s flaring of over nine billion cubic feet of natural gas could have been avoided had a proposed gas-to-shore pipeline project been implemented but it was stalled because a plan to determine the best location was rejected by government officials as some wanted to handpick a site, former Petroleum Advisor Jan Mangal says. He said…
