Introduction Today’s column concludes the discussion on fiscal break-even prices for crude oil, introduced three weeks ago on November 13. To recall, that topic was introduced under the rubric of a broader one: on the cost-price relation, which might emerge in Guyana’s coming time of oil and gas production and export (possibly around 2025). Readers…
Our national hero VP said the gas-to-shore project is so obviously right (in his unilateral opinion) that it’s a “no brainer.” How could the rest of us dumb people not see it? No studies, no planning, no consultations needed. Our PPP is like the Mighty Sparrow. If Sparrow says so, is so. In my view,…
Today’s column continues consideration of the likely cost-price relation that might be anticipated during Guyana’s coming time of oil and gas production and export. So far, the discussion has established both indicative cost and indicative price estimates for Guyana’s oil circa 2025. It has also strongly argued: 1) 2025 is too far out into the…
Originally Published At: https://www.chrisram.net/?p=2424
International lawyer, Melinda Janki, believes that ExxonMobil’s flaring of associated gas at the Stabroek block’s Liza Phase One operation, appears to amount to a breach of contract. Associated Gas is gas which is produced from an oil field, as opposed to Non-Associated Gas, which comes from gas fields. Article 12.1 of the Stabroek Block production…
On Sunday we read that Vice President Bharrat Jagdeo said that government has nothing to hide and will be transparent in all oil and gas-related matters, and that he has suggested that the Ministry of Natural Resources (MNR) set up a portal for the publishing of real-time information, but that initiative has not been taken…
I follow with daily frustration, the widespread misunderstanding of Full Liability Coverage which is being misconstrued as full liability insurance. There is no such thing as “full liability insurance”, since it is unrealistic for any insurance company to underwrite such a large sum. Thence, it was most painful to watch our Honourable Ministers argue against…
My term as Petroleum Adviser to President Granger began in March 2017, whereas the re-negotiation of the contract for the Stabroek Block was performed about a year earlier (early part of 2016). I have not negotiated contracts between any oil company and the Co-operative Republic of Guyana. President Granger has been clear that his priority…
Dr. Vishnu Bisram Jun 3, 2019 The Guyanese diaspora in North America held a seminar on Guyana’s prospective oil and gas industry in Richmond Hill (Little Guyana), Queens, New York last Saturday June 1. Among the main speakers were University Economics Professor Dr. Tarron Khemraj, Oil & gas Specialist Dr. Jan Mangal, Attorney Chris Ram,…
