Guyana as dumpsite for petroleum wastes

Guyana is often mentioned for less than stellar reasons. There’s Jonestown (‘(s)he drank the Kool Aid’), rigged elections, the poorest country after Haiti in CARICOM and Latin America, the costliest failed infrastructural project in CARICOM (US$250M Skeldon sugar factory), and failed or captured regulatory agencies. Standouts among the latter was the Guyana Elections Commission (GECOM)…

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Takeaways from Environmental Assessment Board’s ‘public hearing’ on Vista Trading impact study waiver

The Environmental Assessment Board (EAB) is appointed by the Natural Resources Minister and comprises three persons. No qualifications or experience are listed in the Environmental Protection (EP) Act for EAB members.  The EAB Commissioners for the 2021 calendar year are Mr Omkar Lochan (Chair, third year of service on the EAB), Ms Pradeepa Bholanauth, who…

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Renegotiate contract

Adding new FPSOs which reduces the economic life of the Stabroek Block is a premise for renegotiation of Exxon’s contract

By Stabroek News September 21, 2022        Dear Editor, In a SN article dated 8/15/2022 and captioned, ‘Guyana set to receive 12 lifts of profit oil for 2022 – Ministry’, it is reported ‘…that the expected total production of oil in 2022 is 93.6 million barrels of oil… (from which) …Guyana will get an estimated 12…

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The Ministry of Natural Resources should explain where the guaranteed minimum of 50 mmscfd gas is coming from

Could the Ministry of Natural Resources explain where the ‘guaranteed minimum of 50 mmscfd of associated gas’ (Ministry of Natural Resources public notice 25 August 2021) will come from if ExxonMobil has only 4 per cent to spare of the 75 mmscfd of gas after the FPSOs Liza Destiny and Liza Unity and Liza Prosperity are…

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Mr. Jagdeo’s oil revenue “maximisation”, global politics and domestic strife

Vice President Jagdeo recently added some clarity regarding the long-term vision of the PPP/C administration. This clarification came at the Offshore Technology Conference in Houston, Texas. The first vision pertains to the immediate maximising of oil revenues because of the uncertain prospects for fossil fuel in the coming three decades. The second vision has to…

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