It’s insulting that Exxon once again seems to believe that Guyanese people are stupid, attempting to bamboozle us with fanciful talk to camouflage the truth; but judging by their modus operandi and reputation around the world, I leave it to the Guyanese people to decide who is believable. First, with respect to the US$2.5 Billion…
Guyana is now hurrying to put measures in place to monitor and assess cost recovery claims. However, it has already tied itself to the repayment of US $460,237,918M. This is according to the 2016 Production Sharing Agreement (PSA) that Minister of Natural Resources, Raphael Trotman signed with ExxonMobil. See more here
The Official Gazette of 11 May 2023 published two documents – a Guarantee and Indemnity Agreement dated 9th June 2023 (GIA) and a Contract of Insurance effective 1st. February 2024. The first deals with the Environmental Obligations of the three Contractors – Exxon, Hess and CNOOC – and the second, with third party insurance taken…
https://www.oggn.org/wp-content/uploads/2022/02/OGGN-2022-Winter-Magazine.pdf You can also view as a flip book, see link below. The full screen for the magazine is at the bottom right when you scroll your mouse there. The zoom for the magazine is also at the bottom right. https://www.flipsnack.com/77957A99E8C/oggn-2022-winter-newsletter.html
While some of our politicians divide our people by inciting racial riots, Exxon is laughing all the way to the bank, wallowing in enormous profits from the first oil well called Liza 1 in Guyana. Exxon is seeking approval for a new oil well called Payara in the Payara oil block. Despite all the experts…
Oil and Gas Consultant, Dr. Jan Mangal, does not agree with the private sector’s view that the State Asset Recovery Agency (SARA)’s probe of how the Canje and Kaieteur oil blocks were awarded to four inexperienced firms will scare away investors.In fact, Dr. Mangal told Kaieteur News that the probe would set the tone for…
Much has been written in the Guyana media about the need for oil specialists and experts and there are critiques in KN that the person trained in the oil industry is not appointed as the line minister (Energy). Be that as it may, and not to detract from one’s formal training in an industry, one…
People are now saying VP Jagdeo is a sell-out to ExxonMobil. But I disagree, because the PPP leadership forfeited the interests of the poor people of Guyana to ExxonMobil since 2015. Robert Persaud quietly awarded the Canje/Kaieteur oil blocks to non-entities in 2015 days before his party lost the election, and then ExxonMobil quickly bought…
I attended the Environmental Impact Assessment (EIA) presentation of the Yellowtail Development Project held Monday Nov 1, 2021, at the Leonora Technical Institute (LTI). The presenters were very cordial and courteous in their presentations and answers to questions. The EIA itself was published in 3 volumes on the Environmental Protection Agency (EPA) website, and its…
