…Says this is necessary until Govt. can show what an oil spill could cost Guyana Article 149 J of the Constitution mandates that the Government shall protect the environment for the benefit of present and future generations. It is expected to do this through reasonable legislative and other measures designed to prevent pollution and environmental…
Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government Offshore drilling off the coast of Guyana is being seen as the most sought after prospect in the world for oil companies. Analysts predict offshore drilling could provide 350,000 to 400,000 barrels a day by 2026. Three major oil companies preparing to drill off…
The recent dismissals of Professor David Hinds and Mr Lincoln Lewis have not displaced the foremost news event in Guyana, this being the giveaway of Guyana’s oil patrimony. What the terminations have highlighted is how politicians attempt to justify indefensible acts, by using dishonourable, mendacious or facetious statements. The utterings by politicians to logically define…
A local attorney who has extensive experience working with many oil companies is cautioning the current Government against making rash decisions when it comes to the remaining oil blocks offshore Guyana. This attorney, Melinda Janki, has said there should be no auction of the remaining blocks. Janki, who worked as an in-legal counsel for British…
President of Transparency Institute of Guyana Inc (TIGI), Troy Thomas says he believes that it was pressure from the people that saw “the unprecedented” release of oil contracts by the government. “It is therefore important that we recognize the significance of this development and push for this to become the standard for dealing with contracts…
The previous column critically analysed the cost components of the production sharing agreement with ExxonMobil. We noted that the legal aspects did not cover all the possible cost scenarios, which is crucial for PSA-type contracts. In keeping with the theme of this series of essays, I argue the legal protection against cost uncertainty does not…
Is there any clause in the ExxonMobil Agreement that is in Guyana’s favour? In the eyes of the fledgling coalition Government, the “generous” two percent royalty and a 50/50 split of profit oil was one. But a closer look by local commentators shows that even this is a poisoned chalice. In his continued analysis of…
ExxonMobil’s Kimberly Brasington, Senior Director, Public & Government Affairs, recently made several comments to the media and at public/private gatherings in Guyana that give the impression to Guyanese of being condescending and pompous. In response to Ms. Brasington remarks to the Guyanese public; I have presented below a few questions for Ms. Brasington to answer….
