News Updates, Guyana May 26


Agencies still working on renewal of Exxon’s Liza 1 permit – Min Bharrat:
Guyana Times  

…application for extension of relinquishment also being reviewed

The renewal of oil giant ExxonMobil’s permit for the Liza 1 oil field, the field that has been producing oil since 2019, is still an inter-agency work in progress. This is according to Natural Resources Minister Vickram Bharrat. In a recent interview with the media, Minister Bharrat was asked about the Liza field permit. This is because Exxo’s Liza field permit, which was issued in 2017 and modified last year, expires on May 31, 2022. According to the Minister, renewal is still a work in progress. However, he declined to give a timeline for when this would occur.

 

Guyana’s largest shore base goes 2 years without lost time injuryOilNOW

Guyana Shore Base Inc. (GYSBI) celebrated two years without lost time injuries (LTI), earlier this month. LTI refers to an injury sustained on the job by an employee, which results in the loss of productive work time. Lost time injuries encompass both temporary injuries that keep the employee away from work for a day, as well as permanent disabilities and conditions that prevent the employee from ever returning to the job or performing their regular work tasks. It is one of the key metrics that are tracked in the Quality Health Safety Security and Environment (QHSSE) Programme of a company or organisation to determine its effectiveness.

  

Local Financial analyst Joel Bhagwandin responds to Tom Sanzillo, IEEFA: Guyana Times (Letter to the Editor) by Joel Bhagwandin

Reference is made to a local newspaper article captioned “Every citizen at present owes ExxonMobil $9m – IEEFA Financial Analyst”, published in its May 25th edition. In that article, the author argued that, with the planned development, ExxonMobil will rack up some US$75B, which will drive up the debt burden for Guyana. This view, however, is contextually incorrect and grossly misleading. It is not a case where the Government of Guyana somehow would have to find US$75 billion by 2070 to repay ExxonMobil.

  

Govt. says process to get permits at EPA, other state agencies easier nowKaieteur News

As the integrity of Guyana’s environmental regulator remains under question, the Minister of Natural Resources, Vickram Bharrat has made it clear that the government had to take steps to make the granting of permits easier, to allow the free flow of business and revenue in the country. Bharrat specifically pointed out that this was the case at the Environmental Protection Agency (EPA), the Central Housing and Planning Authority (CH&PA) as well as the regional authorities, such as City Hall.

 

Company hired for EIA on Exxon’s latest project undecided on new marine impact studiesStabroek News  

-scoping meeting told that fishing community has raised concerns

Amidst concerns of low fish catches since the commencement of oil operations offshore Guyana, Acorn International on Monday said it is yet to be decided whether any new marine impact studies will be done for the EIA for the fifth planned offshore project – Uaru. The disclosure was made during a public scoping meeting at the Umana Yana organised by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) as part of the requirements for the Environmental Impact Survey (EIA).

 

The benefits of a small refinery here must not be overlooked but only if economically feasible: Stabroek News(Letter to the Editor) by Tony Vieira

I had read a presentation in the Stabroek News by Dr. Clive Thomas on mini refineries and their place in our economy, and a few months ago, Kaieteur News got a comment from a consultant who had done a feasibility study on whether we should refine or not in our own oil refinery in Guyana for our 1,000,000 barrels of oil per MONTH!! The study was done at a time when Guyana’s total oil production was only estimated at 120,000 barrels a day. The consultant concluded that even though we would have much more oil to refine after further discoveries, it still would not be economical to refine it here.

 

Bharrat tells oil sector long payment periods putting locals at disadvantage:OilNOW

Minister of Natural Resources Vickram Bharrat has called on contractors, sub-contractors and licensees operating in Guyana’s oil sector to devise more timely payment plans for local businesses. This news comes on the heels of a slew of complaints that have been lodged with the Local Content Secretariat – an oversight body established under Guyana’s Local Content Act – which claim that the aforementioned parties take as long as twelve months to compensate local businesses for their services.

 

US$260M Demerara bridge to improve traffic flow in oil-driven GuyanaOilNOW

The traffic woes that plagued Guyana’s east and west bank corridors will become a thing of the past as the government signed a US$260 million contract to see the construction of a new and modern structure across the Demerara Harbour. In two years’ time, the contractor – J.V. China Railway Construction Corporation (International) will deliver to Guyana a four-lane high span cable stay bridge structure with a 100-year lifespan.

 

‘Do not renew Liza 1 permit without fixing flaws’, get a better dealKaieteur News

– International experts call for fresh EIA, strengthened protections mechanisms

Esso Exploration and Production Guyana Limited’s (EEPGL)—Exxon Mobil Guyana—Environmental Permit for its Liza I operations, comes up for review next week and as such, stakeholders are calling on the Environmental Protection Agency (EPA) to not just act as a rubber stamp and renew the permit without major reforms to the deal between the partners involved. The Liza I Oil field in the Stabroek Block first began pumping oil in December 2019 having found the hydrocarbons in commercial quantities in 2015.

  

ExxonMobil plans to abandon subsea junk on seabed for each oil field developed: Kaieteur News

– claims removing equipment could do more harm than good

Esso Exploration and Production Guyana Limited (EEPGL)—ExxonMobil Guyana says while it is yet to develop a decommissioning programme for its fifth project-Uaru to be submitted for approval by the government, in accordance with the Petroleum Agreement, it plans to abandon a significant amount of junk on Guyana’s seabed at the end of that project. This much can be gleaned from the Project Summary for the planned fifth Exxon Project in Guyana that was submitted to the Environmental Protection Agency as part of the approval process.

 

Judge weighs full trial of Oil Fund law:News Room  

At an emergency hearing held on Wednesday in the case that challenges the lawful passage of the Natural Resource Fund Act, High Court Judge, Navindra Singh, said he was considering the possibility of having a full-blown trial after a “serious allegation” made by the applicants has now put the facts in dispute. During the first hearing of the case on May 13, Justice Singh had said then that the facts of the matter were not in dispute and he went ahead to set timelines for the filing of submissions and replies with oral presentations for September 12.

 

News Room: The characteristic industriousness of Guyanese was hailed by Minister of Natural Resources Vickram Bharrat who said locals lacked neither the commitment and dedication necessary to participate in the evolving oil and gas industry. But notwithstanding, Bharrat said certification for such purposes remains an absolute necessity. To this end, the Minister reminded of the government’s promise to operationalise the Guyana Technical Training College at Port Mourant, Berbice. That will come on stream in coming months and training will be conducted to match the pace of progress in the sector while ensuring the participation of Guyanese, Bharrat told a consultation at Duke Lodge, Georgetown on Tuesday.

 

Centre for Local Business Development-Guyana posted: WATCH NOW I Meet Dr. Natasha Gaskin-Peters, the Director of the Centre for Local Business Development. With an academic background in Economics and professional background working in both the public and private sectors, Natasha has spent her career always helping the economy to grow. As the Director, she helps businesses to build up their skills and capacity. As a woman, she hopes that she can inspire other females to truly go after their passions and know that they can do it. #CentreGuyana #GreaterGuyanaInitiative #MeetTheDirector #WomenEmpowerment #WomenLeaders

 

Guyana/Venezuela border controversy: Canada reaffirms support for Guyana during ICJ process – Guyana Times

 

US company Quanten is preferred bidder for Petrotrin refinery – Trinidad Guardian

http://www.guardian.co.tt/business/us-company-quanten-is-preferred-bidder-for-petrotrin-refinery-6.2.1497779.fc617fc907 

 

Trinidad and Tobago, Guyana can help each other grow

 

Gopee-Scoon: Guyana/Trinidad and Tobago MOU can help fix food security issues

 

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