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…
Book Launch: “Oil and Climate Change in Guyana’s Wet Neighbourhood: Probing Promises and Potential Peril” July 8, 2025 beginning at 6 p.m. EDT. Register Here: https://rb.gy/b9romj Speakers
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…
Introduction On May 17, 2025, the National Assembly passed the Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill on a voice vote. The bill’s thirtyseven clauses and three schedules were considered en bloc, meaning that no clauseby-clause examination was conducted. One wonders whether the Speaker or the Mover of the bill wanted to avoid a…
I strongly support Attorney-at-Law Melinda Janki’s appeal to President Irfaan Ali, as reported in yesterday’s Stabroek News, not to give presidential assent to the rushed Oil Pollution Prevention, Pre-paredness, Response and Responsibility Bill. Ms. Janki, who regularly provides high-value public service to Guyana, provided a strong case on why the legislation contravenes Guyana’s international legal…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 157 Introduction Amid concerns about unresolved audit issues, mysterious tax certificates and controversial oil spill legislation, Hess Exploration Limited, a branch of a Hess subsidiary incorporated in the Cayman Islands, is the first of the Stabroek Block partners to lodge audited financial statements….
