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EMGL’s audit non-responsiveness showcases the government’s unwillingness to protect the interests of the Guyanese people

News EditorApril 12, 2024April 12, 202401 mins

Recently, it was reported that the auditors appointed by the Government of Guyana to audit the books of ExxonMobil Guyana Limited (EMGL) have been denied access to pertinent oil reports and associated cost information ((See Anand Gool-sarran’s Report, “The audit report on Exxon’s post-contract costs (Final Part)”, https://www.stabroeknews. com/2024/04/08/features/accountability-watch/the-audit-report-on-exxons-post-contract-costs-final-part/). Similar difficulties were observed on a US$214.0…

Guyana’s storage and emissions of carbon dioxide greenhouse gas

News EditorApril 5, 2024April 15, 2024011 mins

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…

Dr Vincent Adams debunks the lies to UN committee by Government of Guyana

News EditorMarch 20, 202401 mins

Jagdeo should publish the monthly oil extraction and consumption data

News EditorMarch 19, 2024March 28, 202409 mins

It was reported that Former President, Mr. Jagdeo, stated that the reports on royalty payments by Attorney at Law and Chartered Accountant, Mr. Christopher Ram, and Dr. C. Kenrick Hunte, Professor and Former Ambassador, were wrong and that the Government has collected the correct amount of royalty from ExxonMobil Guyana Limited (EMGL). In response to…

Useless comparing Jagan with Jagdeo who is clueless on how to manage Guyana’s oil bonanza

News EditorMarch 5, 2024March 6, 2024010 mins

Erin Northe has written a nice letter to commemorate Cheddi Jagan’s death anniversary in SN Letters (March 2nd), titled: “Take time out to reflect on where we are in Dr. Jagan’s vision”. This letter provoked a comment on the online edition from Fuad Rahaman. It reads: Focus on PPP leader, Dr. Bharrat Jagdeo’s vision! It’s…

Paying 2 Percent from its Profit, EMGL Robs Guyana of its Correct Royalty Amount

News EditorMarch 3, 2024March 6, 2024010 mins

It has been reported that Guyana receives 52 percent of oil profits from ExxonMobil Guyana Limited (EMGL) oil extraction operations. Given that Guyana is not a shareholder in EMGL, this is overly generous of a company that is expected to minimize cost and maximize profits for its shareholders. In fact, nowhere in the Production Sharing…

Natural Resource Fund Appears to Be Missing US$27M

News EditorFebruary 25, 2024February 29, 202406 mins

Analysts attempted to reconcile the 2020-2022 Guyana Natural Resource Fund royalties’ balance. To their dismay, there is a significant shortage of royalty payments in the years 2020 and 2022, 23% and 13% respectively. The Natural Resource Fund appears to be missing an approximate GY$5.6B (US$27M) in royalties, payments that Exxon and its affiliates should have…

Gov’t must update total offshore oil reserve figures

News EditorFebruary 24, 2024February 28, 202409 mins

Imagine if you didn’t know the amount of money in your family’s primary bank account for the past two years. Would you borrow money at exorbitant interest rates when you didn’t need to? Would you skip on meals for your family because you thought you didn’t have enough money? It is coming up on two…

Strike should await the law and teachers should educate themselves

News EditorFebruary 24, 2024February 28, 202404 mins

Dear Editor, I am an admirer of Justice Sandil Kissoon’s sagacity. However, I believe the judge made a mistake this time. If the status quo must be maintained, then it should return to work for pay. Let the rights and wrongs be examined in court while the teachers return to their students. If this is…

Three aspects should be covered in talks between teachers’ union and gov’t

News EditorFebruary 22, 2024February 28, 202406 mins

There is indeed a real urgency to reach a satisfactory Teacher-union versus Government administration wages and salaries plus benefit package adjustments for teachers, some of whom are parents. Parents’ empowerment must also be considered additionally because of their special role in raising their children who will form part of the Guyana labour force. There are…

HESS Statement of Changes in Equity from 2018 to 2024

EMGL Statement of Changes in Equity from 2018 to 2024

CNOOC Guyana – Profit Analysis 2019 to 2024

CNOOC changes in Deficit & Profit from 2018 to 2023

EMGL Income Tax Payable Chart 2019-2024

EMGL Income Tax Expense Chart 2019-2024

EMGL’s audit non-responsiveness showcases the government’s unwillingness to protect the interests of the Guyanese people

Guyana’s storage and emissions of carbon dioxide greenhouse gas

Dr Vincent Adams debunks the lies to UN committee by Government of Guyana

Useless comparing Jagan with Jagdeo who is clueless on how to manage Guyana’s oil bonanza

Gov’t must update total offshore oil reserve figures

Three aspects should be covered in talks between teachers’ union and gov’t