UN special rapporteur can join case against Woodside LNG plant extension, Australian court rules
The Federal Court of Australia ruled that a U.N. Special Reporter can submit submissions to a case challenging the government’s decision to extend Woodside Energy’s North West Shelf LNG Facility for 40 years. The Australian Conservation Foundation has?brought a case against the Environment Minister Murray Watt’s approval of September on the basis that climate impact was not included in his environmental assessment. Astrid Riano, U.N.
Guyana warns World Court that Venezuela's claim to oil-rich Esequibo Region poses an existential threat
Guyana asked the judges of the International Court?of Justice to rule Venezuela doesn't 'have a legitimized claim on the oil-rich area around the Esequibo River, which has been a disputed region between Latin American neighbours ever since colonial times. Hugh Hilton 'Todd, Guyana's foreign minister, told the judges that facing a more powerful and larger neighbour's plans for our territory had not only hampered our peace and security but also slowed down our development.
Exxon is committed to moving quickly on Guyana gas project, but it needs demand sources for the gas, says executive
Exxon Mobil's chief upstream said that the company is 'committed' to moving quickly to develop natural gas resources in Guyana, but the government of the South American country must advance industrial projects if it wants to ensure a long-term demand for the gas. Exxon Mobil, the company that leads the oil consortium operating Guyana's Stabroek Block has been pressed by the 'Guyanese' government to develop and build natural gas projects…
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Geopolitical experts and oil specialists?said that the tiny oil-producing country of Guyana has an opportunity to expand its economy amid the ongoing U.S. activities in Venezuela. This is ahead of the Guyana Energy Conference. The 'growth potential' of Guyana was the focus at the four-day conference that began on Tuesday, in Georgetown. Executives and government officials met to discuss the efforts to train the local oil workforce, increase investment and build an downstream sector.
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Experts in geopolitics and oil said that the tiny oil-producing country of Guyana, which is already one of the fastest-growing economies in the world, has a window for expansion due to the ongoing U.S. activities in Venezuela. The growth potential of the oil and gas industry will be at the forefront of a four-day conference beginning Tuesday in Georgetown. Government officials and executives will discuss how to increase investment, build an downstream sector, and train local workers.
Rubio: An attack on Exxon or Guyana would be a 'bad day for Venezuela'
Marco Rubio, U.S. secretary of state during a Thursday visit to Guyana’s capital, said that it would be "a bad day" if Venezuela attacked its neighbor Guyana and the U.S. energy giant ExxonMobil. Guyana and Venezuela have been locked in a longstanding dispute over which country holds the rights to the area of Esequibo, spanning 160,000 square kilometers (62,000 square miles), which is currently the subject of a case before the International Court of Justice.
Pertamina Plans to Develop South China Sea Border Areas
Energy company Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea to assert the country's territorial rights, the upstream director of the state-owned company said. "The government needs to have activities around the borders and one of Pertamina's strategies is to support this," Syamsu Alam told Reuters in an interview on Monday. He said Indonesia…
Somalia Takes Kenya to UN Court in Oil Rights Row
Somalia filed a suit against Kenya at the U.N.'s highest court, seeking to resolve a long-running dispute over lucrative oil reserves in the Indian Ocean. Somalia asked the International Court of Justice in The Hague to determine the maritime boundary between the coastal nations, which disagree about the rights for exploration and collect revenue from oil discoveries. Somalia asked the court to intervene, saying "diplomatic negotiations…