Guyana’s storage and emissions of carbon dioxide greenhouse gas

I offer the following clarifications to apparent misunderstandings by President Mohamed Irfaan Ali in his encounter with BBC ‘Hard Talk’ journalist Stephen Sackur (KN, ‘Bring it in – President Ali’s seminal defence of Guyana’s road map’, 01 April 2024) and by General Secretary Bharrat Jagdeo in his weekly Press encounters (DPI, ‘Guyana will remain a…

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Gov’t’s oil production reports should be released in a timely manner and in one location

Major Guyanese newspapers have been exposing numerous issues surrounding the oil contracts. One positive change, as a result of their relentless efforts, was having the Ministry of Natural Resources publish Guyana’s oil lift data. Additionally, it appears that the Extractive Industries Transparency Initiative (EITI) reviews have had some impact because a new website has appeared…

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Conclusion: Limits and potential benefits of fiscal break-even analysis

Introduction Today’s column concludes the discussion on fiscal break-even prices for crude oil, introduced three weeks ago on November 13. To recall, that topic was introduced under the rubric of a broader one: on the cost-price relation, which might emerge in Guyana’s coming time of oil and gas production and export (possibly around 2025). Readers…

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Government’s position that approval of the Payara oil well is not a “make or break” moment may cause Guyana to lose billions

While some of our politicians divide our people by inciting racial riots, Exxon is laughing all the way to the bank, wallowing in enormous profits from the first oil well called Liza 1 in Guyana. Exxon is seeking approval for a new oil well called Payara in the Payara oil block. Despite all the experts…

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