The Oil & Gas Governance Network (OGGN) Guyana notes that Stabroek News on January 13, 2024 carried a letter by Mr Dhanraj Deonarine with the title “Is the NRF really overstated?” The letter suggests that the claim by Mr. Ram that the Natural Resource Fund (NRF), Guyana’s Sovereign Wealth Fund, is overstated “is not such…
A few years ago, oil companies would bombard the Guyanese people with “frontier country” to justify an embarrassing Stabroek Block contract that is currently paying us a paltry 14.5% or less of total oil revenues. The oil companies seem to have retreated from marketing us the “frontier country” tune after pushback from those in the…
In media reports on February 23rd, 2023, President Ali claims that Guyana received an extension for EITI report that is due for the fiscal year 2020. However, on the EITI website, https://eiti.org/countries/guyana, Guyana’s status is listed as “Suspended for missing deadline”, if as President Ali claims, an extension has now be given, why is Guyana’s current…
On Wednesday, February 15th, 2023 the Esso Guyana Media Relations Advisor, Kwesi Isles, stated that the increase of the Liza 1 and Liza 2 projects’ combined output to 400,000 barrels per day was safe. This appears to be the second time in less than a year that an Esso Guyana representative has issued highly questionable…
A foreign observer analyzing Guyana’s oil resource per citizen would guess that a baby born in the last few years in Guyana would be one of the luckiest of the 8 billion people in the world. But the observer would be mistaken. It is approaching 3 years since we started producing oil but one of…
If you owned one of the nicest houses in an exclusive neighbourhood, would you sell your house for a fraction of what other sellers are receiving? Guyana is receiving significantly less money from its oil production than other countries. But some Guyanese politicians hide behind the porous façade of the sanctity of contract while others…
The circuit breaker box controls the electrical energy in your house. Electronic devices in your house ranging from microwaves to televisions would be reduced to ornaments if the circuit breaker box malfunctions. This critical box is installed in your house, not on your street. You wouldn’t want criminals to easily disable the lights and alarms…
The assets of Esso Guyana will be insufficient to cover the costs of a major oil spillLast year, Afghanistan bodies were falling off American jets, filled with Americans, as the planes accelerated up into the sky. Those images depict how quickly America will abandon a country that appears financially worthless to it.If we have a…
On Saturday August 6th, 2022 the Communications Manager of Esso Exploration wrote a letter that appeared in the major Guyanese newspapers in which she made a number of points with regard to the EPA permits. However, it appears this letter had misleading statements. In the letter the Esso Exploration representative states, “Production rates on the…
The Canadian High Commissioner to Guyana, Mark Berman, is one of the featured speakers at the inaugural Energy Conference & Expo to be held in the oil-rich South American CARICOM nation from February 15th to 18th, 2022. This is a pivotal opportunity for the Canadian ambassador to state Canada’s commitment to companies needing to pay taxes…
