On the 18-Jun-2018 the Kaieteur News indicated that Dr Jan Mangal (petroleum adviser to the President from Mar-2017 to Mar-2018) recommended the investigation of the award of petroleum blocks which occurred under the previous government. Then a few days later on the 22-Jun-2018 the Kaieteur News ran an article which suggested Dr Mangal was criticising…
I refer to the letter, `Why is Janki so opposed to the ExxonMobil deal?’ under the name of Clement Smith. I should have thought the answers to that question were already abundantly clear. I have repeatedly said that Minister Trotman’s behaviour was incompetent, irresponsible, naïve and foolish in the oil arrangement he agreed with Esso…
The Guyana Court of Appeal yesterday commenced hearing the appeal filed by Ramon Gaskin, who has sought to challenge the granting of a petroleum production licence to the partners of the local Exxon subsidiary, Hess Guyana Exploration Ltd (Hess) and CNOOC Nexen Petroleum Guyana Ltd (Nexen), as he contends that they have no environmental permits…
Guyana has struck oil but for the panelists at a discussion on Wednesday there is no reason to celebrate. In fact one panelist argued that there are actually grounds for saying that government acted illegally in signing to such terms. On Wednesday, the Moray House Trust held a panel discussion where economists Collin Constantine and…
Guyana agrees to pay Exxon’s Esso – a US$460 Million Bonus, and labels it precontract costs, which is 2,500% higher than US$18 Million that was received by the Government of Guyana and referenced as a “Signing Bonus.” The reference is a misnomer to the extremities of accounting classification – Copper Signing Bonus is a more…
Recently, the number and prominence of foreign analysts who have corroborated the early view expressed by local analysts have increased. This is the view that the contract is heavily weighted against Guyana. Two of these foreign analysts have been OpenOil and the IMF. Yet, there is one aspect of the consideration of how bad a…
…Says this is necessary until Govt. can show what an oil spill could cost Guyana Article 149 J of the Constitution mandates that the Government shall protect the environment for the benefit of present and future generations. It is expected to do this through reasonable legislative and other measures designed to prevent pollution and environmental…
Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government Offshore drilling off the coast of Guyana is being seen as the most sought after prospect in the world for oil companies. Analysts predict offshore drilling could provide 350,000 to 400,000 barrels a day by 2026. Three major oil companies preparing to drill off…
The recent dismissals of Professor David Hinds and Mr Lincoln Lewis have not displaced the foremost news event in Guyana, this being the giveaway of Guyana’s oil patrimony. What the terminations have highlighted is how politicians attempt to justify indefensible acts, by using dishonourable, mendacious or facetious statements. The utterings by politicians to logically define…
