Chris Ram
Every Man, Woman and Child in Guyana must become oil-minded – Column 166 Today’s column compares the role of oil and the 2016 Petroleum Agreement in the 2025 election campaign and in 2020, the first year of oil production. Then Bharrat Jagdeo and Irfaan Ali were seeking to unseat the APNU + AFC Coalition. The…
IntroductionOne day before Guyana observed Emancipation Day, the mercurial universe Boss Donald Trump confirmed his April 2 Liberation Day Executive Order to unilaterally impose tariffs on every country trading with the United States of America. The US President imposed on Guyana’s products entering the United States a 15% tariff beginning next week – a blow…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 164 “State capture is understood as efforts by private actors and public actors with private interests to redirect public policy decisions away from the public interest, using corrupt means and clustering around certain state organs and functions.”: Transparency International, Examining State Capture (2020),…
Mr. John Colling’s commitment to “transparency and open, fact-based discussions” regarding ExxonMobil’s operations in Guyana is a welcome breath of fresh air. His July 2 letter provides an excellent opportunity to address fundamental questions about the 2024 financial statements of the Stabroek Block partners and several unresolved historical issues. He boldly asserts that ExxonMobil’s financial…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 163 Introduction Following part one of this column, which was taken up by Kaieteur News, the Ministry of Natural Resources issued a defensive statement attacking the newspaper for questioning why ExxonMobil reported US$10 billion in profits while Guyana received only US$2.6 billion. Logically,…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 162 Columns 159 – 161 examined the individual income statements of each Stabroek Block contractor in detail. Today’s column shifts focus to analyse the combined results of the three entities, providing a broader perspective on the collective financial performance and strategic positioning of…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 161 Last year, my summary column discussing the 2023 audited financial reports of Stabroek Block contractors had the caption “Oil companies have earned five times more from oil than Guyana. Modest investment, gargantuan returns.” If anything has changed, the money deluge has continued…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 160 – 10 June 2025 IntroductionToday’s column addresses the audited financial statements of CNOOC Petroleum Guyana Limited, the third-ranking partner with a 25% interest in the Stabroek Block operating under the 2016 Petroleum Agreement. Like Exxon and Hess, CNOOC is also a branch…
The presidency is the most sacred office in our Republic – its occupant sworn to uphold the Constitution and to serve all the people without fear or favour. Under President Ali, that office has been diminished – through evasion, manipulation, and a style of governance that rewards loyalty over merit, secrecy over transparency, and partisanship…
Every Man, Woman and Child Must Become Oil-Minded Part 159 1. Overview Earlier this week ExxonMobil Guyana Limited (EMGL) summoned the Guyana press to the launch of its 2024 Annual Report. Two conditions: only questions on the financial statements would be entertained and the number of questions strictly restricted. Like one of its junior partners…
