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The ramping up of oil production in the Stabroek Block by American oil major, ExxonMobil is not covered by the US$2 billion oil spill guarantee provided by the Co-Venturers.
Attorney-at-Law, Sanjeev Datadin told the Appellate Court yesterday that the Environmental Protection Agency (EPA) has issued an order to ExxonMobil Guyana requiring the provision of an unlimited parent and/or affiliate company guarantee for oil spills in the Stabroek Block.
Two civil society activists on Wednesday fought desperately to convince Guyana's Court of Appeal that ExxonMobil's Liza 1 well should be suspended if the comp
The Guyana Court of Appeal is one step closer to determining whether a stay would be granted in relation to the High Court order issued for the Environmental Protection Agency (EPA) to direct Esso Exploration and Production Guyana Limited (EEPGL) to provide a parent company guarantee or financial assurance to safeguard Guyana in the event of oil spill disaster at the Stabroek block.
...Exxon’s US$2B parent guarantee is a drop in the ocean –T&T Senior Counsel tells Court of Appeal