Tag Archives: Exxon-Mobil

GUYANA: OIL: ‘We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza- Opinion

05/13/2022 – 12:12 am
The Guyanese environmentalist Arnette Arjoon alongside fishing boats docked at Liliendaal, Georgetown.
Over time, the Guyanese environmentalist Arnette Arjoon grew to suspect Exxon was indifferent to the dangers of an oil spill to the coast and rivers of one of the best preserved parts of the Amazon biome. Composite: Fidal Bassier/Guardian/Reuters

Multibillion-dollar deal promising to lift country out of poverty may be false dawn with dire impact on climate, warn campaigners

– The Guardian – Thu 12 May 2022 12.04 BST

Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyana’s coast a “blessing” that will earn billions of dollars for one of the poorest countries in the Caribbean, even as she recognises that pulling yet more fossil fuel from the ground will deepen the climate crisis.

But Arjoon does have a problem with who is drilling the oil. She has seen firsthand what happens when the US’s largest petroleum company descends on a small country bearing the promise of riches.                  Continue reading →

By guyaneseonline | Posted in conservation, Drainage-Irrigation, Energy- Oil and Gas, Environment, finance and trade, Government, Guyana, Oil Exploration, Personalities, Politics | Also tagged , , , , , | Comments (2)

GUYANA: ExxonMobil seeks another EPA approval for fifth oil project – Uaru+

04/13/2022 – 12:03 am

Apr 12, 2022 – Kaieteur News

In January 2020, oil giant, ExxonMobil announced its 16th discovery, Uaru-1, in the Stabroek Block of Guyana’s Exclusive Economic Zone (EEZ).
In April last year, the company announced another oil find, this time its 19th dubbed Uaru-2 in the Stabroek Block. ExxonMobil said that the well is located approximately 6.8 miles (11 kilometres) south of the Uaru-1 well.

The two separate announcements or discoveries are, however, being pursued through one application process, as one project, under the guise of Uaru+ as was announced by ExxonMobil Guyana President, Alistair Routledge, as the final investment decision for its fourth project, the Yellowtail development, which was declared last week.          Continue reading →

By guyaneseonline | Posted in Business, Energy- Oil and Gas, Environment, foreign investment, Government, Guyana, Oil Exploration, Personalities | Also tagged , , , , | Comments (2)

GUYANA: Govt. to now secure oil spill insurance from ExxonMobil – VP Jagdeo

03/26/2022 – 2:00 pm

— Govt. finally buckles under pressure of two year protest  …to now secure insurance from ExxonMobil for any Stabroek Block oil spill

March 26 – Kaieteur News – After two years of protest from citizens for full liability insurance coverage from oil giant ExxonMobil, in the unfortunate event of an oil spill in the country’s waters, Vice President Bharrat Jagdeo has finally come on record to assure that his administration is now working with the parent company to secure such guarantee. Jagdeo made the revelation on Thursday March 24, during an interview with one of the government’s communications specialist, Eddie Layne.

Since the startup of its oil operations in December 2019, ExxonMobil has evaded demands to provide insurance coverage, and instead tied its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) to providing this guarantee. It has been argued however that EEPGL, being a fairly new company, with assets worth only around US$5 billion, would not be able to effectively cover all costs associated with an oil spill in Guyana, should such an adverse event occur.        Continue reading →

By guyaneseonline | Posted in Business, Disasters, Economics/Finance, Environment, Government, Guyana, legal, Oil Exploration, Personalities | Also tagged , , , | Comments (1)

Guyana: Energy Magazine : Third Quarter – September 2021 Edition

12/13/2021 – 12:06 am

Guyana: Energy Magazine : Third Quarter – September 2021 Edition

VIEW: http://www.energyupdate.gy/books/lshx/#p=1

By guyaneseonline | Posted in Business, Commentary, finance and trade, foreign investment, International News, Oil Exploration, Personalities, USA Politics and Economy | Also tagged , , | Comments (0)

Venezuela Invades Guyana to Block Exxon Mobil Oil Exploration – Frances Martel | Breitbart

12/26/2018 – 12:16 am

Venezuela Invades Guyana’s Waters… By Frances Martel | Breitbart

The Venezuelan Navy illegally entered the waters of Guyana this weekend and forced a ship contracted by Exxon Mobil to conduct oil research in the area to vacate, claiming that Guyana’s permission to explore its sovereign territory was not enough for the ship to be legally present in the water.

The incident, which Guyanese authorities angrily denounced and vowed to bring to the attention of the United Nations, reignites a feud Venezuelan socialist dictator Nicolás Maduro began with the neighboring country in 2015, claiming as much as two-thirds of Guyana itself belonged to Venezuela.          Continue reading →

By guyaneseonline | Posted in Caribbean news, Commentary, Government, Guyana, Personalities, War and conflict | Also tagged , , , | Comments (16)

Guyana’s proven oil reserves now 4 billion barrels; target now 750,000 barrels daily

07/23/2018 – 10:37 am

Guyana’s proven oil-equivalent reserves now 4 billion barrels; revised production target now 750,000 barrels daily

Posted by: Denis Chabrol in – Demerara Waves – July 23, 2018

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Monday it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases.

The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of the eighth discovery, Longtail, into the Turbot area evaluation and completion of the Pacora discovery evaluation. The previous recoverable resource estimate was 3.2 billion oil-equivalent barrels.       Continue reading →

By guyaneseonline | Posted in Business, Government, Guyana, Oil Exploration | Also tagged , , , | Comments (0)

Guyanese Campaigners Mount Legal Challenge Against Three Oil Giants

03/28/2018 – 8:42 am

Guyanese Campaigners Mount Legal Challenge Against Three Oil Giants – Exxon Mobil, Hess Corporation and Nexen

Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government

Sandra Laville | The Guardian UK

Three major oil companies preparing to drill off the shores of Guyana, where a string of discoveries have sparked a rush for crude, are being challenged by a group of citizens who say their dash for oil is illegal.    Continue reading →

By guyaneseonline | Posted in Business, Government, Guyana, Oil Exploration, Personalities | Also tagged , , , , | Comments (3)

Guyana awaits oil dollars – By Bert Wilkinson

08/20/2016 – 12:12 am
GUYANA AWAITS OIL DOLLARS

By Bert Wilkinson – Caribbean Life – August 19, 2016

Exxon-Mobil- Deep Water Champion Oil Exploration Rig

Exxon-Mobil- Deep Water Champion Oil Exploration Rig

Last week, Guyana’s main opposition party accused government of doing very little to get key infrastructural projects going and spur employment, suggesting that the administration is hedging all its bets on the massive oil and gas find off the coast.

This is despite the fact that U.S.-owned Exxon Mobil which first declared that it had found a humongous oil well at a location 150 miles offshore, will not likely pump the first barrel of oil before 2020.

As the days went by government has not done very much by way of answering the opposition charges but a chat with anyone connected with the country’s newest cash cow sector will realize there are frenetic preparations in the run up to 2020.   Continue reading →

By guyaneseonline | Posted in Business, Government, Guyana, Oil Exploration, Politics | Also tagged , , , | Comments (1)

Guyana wants Exxon-Mobil to front-load some oil profits for major projects

11/27/2015 – 12:06 am

Guyana wants Exxon-Mobil to front-load some oil profits for major projects

Thursday, 26 November 2015 – Demerara Waves- Written by 

The area offshore Essequibo where Exxon-Mobil found a huge deposit of oil earlier this year.

The area offshore Essequibo where Exxon-Mobil found a huge deposit of oil earlier this year.

Guyana plans to ask American oil-giant, Exxon-Mobil, for a huge chunk of profits ahead of commercial production to fund several major projects including a road to Brazil, says Minister of Governance Raphael Trotman.    Continue reading →

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GUYANA – CAPITOL TV NEWS VIDEOS – 16 October 2015

10/18/2015 – 12:02 am

Capitol TV logoGUYANA – CAPITOL TV NEWS VIDEOS – 16 October 2015

  • Exxon-Mobil – Moving ahead
  • Child protection focus
  • Guyana Army restructuring
  • US support promised
  • Chief Magistrate Confirmed
  • Taxi-cab drivers Injured
  • Sports

Click links below to view the TV News videos:- Continue reading →

By guyaneseonline | Posted in Government, Guyana, Headline News Links, Oil Exploration, Sports | Also tagged , , , | Comments (0)