ExxonMobil has spent more on local content than contract requires-Routledge
Even though the Stabroek Block Production Sharing Agreement (PSA) requires ExxonMobil to give Guyana US$300,000 for local content efforts, the company’s President, Alister Routledge...
ExxonMobil pays EPA $400M for flaring; slapped with increase in penalty
ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has paid roughly $400M to the Environmental Protection Agency (EPA) for flaring aboard the Liza...
National Assembly greenlights $5 billion for landmark Gas-to-Energy venture
An additional $5 billion has gained approval in the National Assembly to further support the groundbreaking Wales gas-to-energy initiative.
In yesterday’s session of the National...
High Court ruling on Exxon’s insurance could negatively affect offshore drilling throughout Caribbean
Dear Editor,
My attention was drawn to an article published by “The Guardian” with the caption “Could Guyana’s Exxon ruling scare big oil off risky...
World Bank, IMF helping GRA on administering tax avoidance rules for oil sector
All governments face tax administration challenges. But some of these are the result of poorly designed systems that may not provide the tax agency...
ExxonMobil sees “positive” results for Hammerhead wells
ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has drilled two more wells within the Hammerhead area of the Stabroek Block...
Govt. Says Global Witness report “sensationalist, agenda-driven and extraordinarily speculative”
Upon examining the details of the alarming Global Witness report, “Signed Away,” the government has labelled the document to be purely “sensationalist, agenda-driven and...
IMF downgrades Guyana’s 2020 growth to 26.2 %
In the first half of the year, the International Monetary Fund (IMF) had projected that Guyana would grow by some 53 percent. But given...
Prolific Guyana Basin could have more to give-Hess VP
The exploratory work done by ExxonMobil and its partners in certain parts of the Stabroek Block offshore Guyana have led to 10 discoveries which...
Venezuela to Close Pumps as Gas Runs Short, Viral Outbreak Grows
(Bloomberg) - Venezuela’s government is shutting fuel stations nationwide to ration dwindling gasoline inventories as a quarantine designed to stop the coronavirus paralyzes the...
