OGGN Non-Members
The Natural Resource Fund Act is not in operation
Every Man, Woman and Child Must Become Oil-Minded (Part 95) This Article was Published on the 30 July, 2021 Introduction Thirty months after its passage and assent by President Granger in January 2019, the only thing active about the Natural Resource Fund Act is that it continues to generate controversy. The Act was passed during…
Removing critical objectives has reduced this programme to gimmickry
Nothing is wrong with giving out money to poor people under the banner of “Because We Care (BWC).” And it is simply wrong for that PNC Member of Parliament – a big wig in the Teachers Union – to discourage teachers from assisting with the distribution of the money. Criticizing the giving out of money…
This forum revealed widespread mistrust on gas-to-shore project
Tempers flared and the temperature was rising as the EPA, Ministry of Natural Resources and the Gas-to-Shore project were under fire as participants asked a multiplicity of questions and called for transparency in the proposed project, at the second online forum on Thursday. Towards the end, Mr. Gossai, an employee of the Ministry of Natural…
Gas to shore project – too many questions yet to be answered
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 94 Article was Published on July 16, 2021 Introduction Over the past few weeks ExxonMobil has been holding public consultations on an application to the Environmental Protection Agency (EPA) for an Environmental Authorisation for what it describes as a Gas to Energy Project…
EPA/Exxon sham scoping meeting leaves more questions than answers
In one of his songs, Johnny Nash sang, “There are more questions than answers, and the more I find out, the less I know.” This is so apt to describe the EPA’s online Forum held on Thursday, and the Government’s proposed Gas-to-Shore project.In a Zoom meeting on Thursday, nearly 80 people joined the Forum. They…
Column # 93 – It is doubtful that the law allows the Government to pay oil companies taxes.
This Article was Published on July 9, 2021 Introduction The issue of taxation of the oil companies has aroused particular interest ever since it became known that the Government has to find some $5.391 billion to pay the tax liability of the two partners of Esso in the Stabroek Block – CNOOC and Hess –…
Guyanese people and Parliament need to know all details of gas to shore project
I am in support of OGGN (Oil and Gas Governance Network) leader Mike Persaud’s call that Parliament should review major projects pertaining to Guyana’s natural resources to prevent giveaways, such as the current oil contracts signed by a Minister in the previous PNC Government defeated in a no-confidence motion and defeated in the subsequent general…
Examining the Financial Landscape: Unveiling the Balance Sheets of Guyana’s Oil Contractors
This Article was Published on July 2, 2021 This final column of this mini-series examining the financial statements of the three Contractors under the 2016 Petroleum Agreement, reviews their balance sheets, sometimes referred to as statement of affairs, as at December 31, 2020. The Table below is designed in a similar fashion as the summary…