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As interest in exploring unallocated petroleum blocks off Guyana’s shores increases, Government is seeking to revise the existing template of the Production Sharing Agreement (PSA) so as to “safeguard the rights of our nation to a fair share of resource wealth.” This is according to Minister of Finance Winston Jordan who told the National Assembly,…

But ExxonMobil’s EIA leaves much to be desired. According to the source document, ExxonMobil has little or no plans in place to deal with any financial eventuality of an oil spill. Exxon claims that the possibility of an oil spill is not very high. However, it said that there is a 10 percent chance that…

“Do I use it on my shores for myself and own products as opposed to selling it or not? You have to look at harmonizing your oil and gas regime so that your gas pricing and your energy pricing contracts mean something for the people, more than just a foreign investor coming and investing three…

With $2.7 billion in oilfield sales this week, Hess Corp. is making a calculated bet, giving up steady production today to help fund what could be one of the world’s biggest discoveries into the next decade. See more here  

The Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) Steering Committee congratulates the Government and people of Guyana after the country was officially accepted as a member of the Extractive Industries Transparency Initiative (EITI) today at the 38th EITI Board meeting in the Philippines. The EITI is the global gold standard for resource revenue transparency…

Anglican clergy, including five bishops, broadcaster Richard Coles and Olivia Graham, call on the church to support the aims of the Paris climate agreement by divesting from fossil fuel companies See more here  

Normally, the bigger the company is, the less likely it is that any single decision or event will impact it significantly. But that isn’t the case with oil giant ExxonMobil (NYSE: XOM), which has gone all in on an unexpected oil play. See more here

Exxon Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil companies announced by the Trump administration on Tuesday. See more here

Everyone is trying to cash in on the oil and gas sector, including scammers who are luring the gullible with offers of lucrative employment in the industry. And the fraudsters are targeting oil giant ExxonMobil, which is scheduled to start pumping oil by 2020. See more here

While the coalition Government remains tight-lipped on its dealings with ExxonMobil, Opposition Leader Bharrat Jagdeo says he plans to verify with United States oil giant about the alleged US$20 million signing bonus. Minister of Finance, Winston Jordan recently told reporters that he was unaware that Government received a signing bonus, but did not deny the…