GEORGETOWN, Guyana, September 25, 2022 - A member of Guyana's Opposition Coalition, the Alliance for Change, AFC, is insisting that the government implements a more stringent oversight mechanism for the oil and gas industry, in light of the most recent announcement there was spillage of one barrel of crude oil from EXXON’s operations.
GEORGETOWN, Guyana, August 10, 2022 - As more oil discoveries are made off the coast of Guyana there are concerns over the increasing possibility of oil spills in the area, and the need for an unlimited guarantee agreement by ExxonMobil in the event of such an occurrence, which could do serious damage to the ecology of Guyana and possibly the wider Caribbean.
GEORGETOWN, Guyana, July 27, 2022 - The ExxonMobil company has announced that it has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block.
GEORGETOWN, July 12, 2022 - Earlier this year, in its April 2022 World Economic Outlook, the IMF projected a nearly 50 per cent rate of economic growth for Guyana this year. Beyond 2022, the IMF said Guyana is expected to record a 34.5 per cent increase in 2023 and a 3.7 per cent increase by 2027.
Hess Corporation, one of the co-venturers in oil exploration and production offshore Guyana, on Wednesday singled out Guyana as a major source of low-cost oil especially due to reduced global output due to the Russia-Ukraine war.
IRVING, Texas April 27, – ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.
As the U.S. and Europe cut back purchases of Russian oil, and energy traders shun it for fear of sanctions, the search is on for other sources. Attention has focused on Iran and Venezuela, both of which are led by governments that the U.S. sought until recently to isolate. But emerging and less-developed producers could also play roles.
KINGSTON, Jamaica, April 13, 2022 - Opposition spokesman on energy, Phillip Paulwell, is proposing that Jamaica revisits the PetroCaribe arrangement with Venezuela, as it is the best near-shore and reliable source of crude oil for Jamaica.
KINGSTON, Jamaica, April 12, 2022 - Opposition Spokesman on Energy Phillip Paulwell is not happy with the right of first refusal that JPSCo has in relation to the addition of new generation capacity to the grid, “as this could have a negative impact on us both for the short and long-run periods.”
GEORGETOWN, Guyana, Monday, 14 February 2022, 8:01 by Denis Chabrol -A Democracy and Governance Assessment prepared for the United States Agency for International Development (USAID) says Guyana’s two major political parties need to engage in power-sharing in order to manage the country’s oil wealth efficiently.
