I again advise the government to give up the Amaila Falls hydro project. Economists would be better able to handle the problematic sourcing of funds, so I would like to comment in my capacity as an energy technologist with some plain figures. At the last quoted price of US$858.1M for 165 MW, it works out…
We congratulate Dr Irfaan Ali on becoming the 9th Executive President of Guyana. In the history of our nation, this is a transformational moment given our recent discovery of an abundance of energy resources. What he does over the next few years will set the direction of Guyana for decades. We were elated when on…
– Resolve discrepancies in pre-contract costs– Probe cost anomalies between Liza 1 & 2– Review taxes paid by Guyana for oil companies– Review unspecified interest rates on oil companies’ loans– Improve weak environmental standards– Regulate amount of oil being produced A group of 17 civil society professionals in the diaspora are calling on President Irfaan…
The Stabroek Block was described as, “an extraordinary world-class asset” in a recent investor conference call by John Hess. He then goes on to state that, “Nothing competes with it in the industry”. Mr Hess was making his comments during a recent investor call which included analysts from some of the world’s biggest investment banking…
You may share the petition by email by copying this link: http://www.oggn.website/help-us-stop-exxons-flaring-of-gas-in-guyanas-offshore-oilfields/ Flaring is when natural gas is burned off in process of extracting oil. This practice is performed when oil companies are in a rush to extract the more lucrative oil resource. Since starting oil production in December 2019, ExxonMobil’s subsidiary Esso Exploration and…
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…
ExxonMobil and its affiliates hit the jackpot in their offshore oil exploration with the Liza-1 well discovery in the Stabroek Block in Guyana in May 2015. Multiple oil discoveries since then have unleashed the business optimism of onshore service providers and elicited significant excitement amongst the Guyanese public. Now boasting some of the highest per capita proven…
ExxonMobil’s donations to support COVID-19 programmes in Guyana appear to be the first donation of its kind outside America. The oil major has operations in more populous countries like Brazil (210 million people) and Mozambique (30 million people) but has not made any public announcements of donations to those countries. Yes, it signals our oil…
Many of the world’s oil producers have recently agreed to cut back oil production by 10 million barrels a day. The world is in quarantine mode. Demand for oil has dropped significantly. If demand drops and supply stays the same, then the law of demand and supply would tell us the price of a commodity…
