My empathy is with the residents of Crane who are currently suffering from the effects of ‘some form of hydroxide’ the source/origin of which is unknown. The Environmental Protection Agency (EPA) has released that the chemical is ‘some form of hydroxide’. It is hoped that they along with all others engaged will do a thorough…
Dr Vincent Adams, As noted in the press Esso Exploration and Production Guyana Ltd continues to flare more than 15 million cubic feet per day. It had already flared more than 9 billion cubic feet of gas. The flaring is a breach of what we were promised. In 2017, the Minister of Natural Resources said, “We also determined that…
Kaieteur News – Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams believes that the consultant hired by ExxonMobil Guyana Limited (EMGL) to conduct an Environmental Impact Assessment (EIA) for its sixth project, must inform the nation of the likely devastation to these shores from an oil spill. Dr. Adams, a Petroleum and Environmental…
In our last article we presented facts that suggested that the claimed need for Exxon as insurance against Venezuelan hostility to justify the breach of the 60-block maximum per contract was an overstatement to use the most polite word. Today we discuss alternatives to that action taken by the then minister and supported and maintained…
How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value of having the requisite quality of well-paid and motivated teachers of the highest calibre will reverberate across this nation in positive ways that will lift Guyana out of its morass. Let…
The recent revelations that Minister of Foreign Affairs, Carl Greenidge, met with Merrill Lynch, who is likely interested in the investment feature of Guyana’s Natural Resource Fund has exposed some fundamental flaws. This view was shared by Auditor and Financial consultant, Nigel Hinds, who said that the Government’s approach is the ‘minus 101 manner of…
One of the most valuable non-renewable resources that Guyana has, apart from oil, is gold. The price for an ounce of gold on the World Market (June 16, 2024) is US$2,348.40 (https://www.google.com/search?q=price+of+gold&rlz=1C1ONGR_enUS1113US1113&oq=price+of+g&gs_lcrp=EgZjaHJvbWUqCggAEAAYsQMYgAQyCggAEAAYsQMYgAQyCggBEAAYsQMYgAQyBggCEEUYOTINCAMQABiSAxiABBiKBTIHCAQQABiABDIHCAUQABiABDINCAYQABixAxjJAxiABDIHCAcQABiABDIHCAgQA); and therefore, one pound of gold is US$37,574.40, as compared with a pound of sugar at US 19.35 cents and rice at US 18.15…
“Anyone who has a track record that is ethically compromised should be kept far away from Guyana’s oil future. As such, I see Opposition Leader, Bharrat Jagdeo, and his cohorts as great risks to the nation’s oil industry. They should be kept at bay.” These were the words of Oil and Gas Consultant, Dr. Jan…
If you owned one of the nicest houses in an exclusive neighbourhood, would you sell your house for a fraction of what other sellers are receiving? Guyana is receiving significantly less money from its oil production than other countries. But some Guyanese politicians hide behind the porous façade of the sanctity of contract while others…
Recently, an audit that encompassed 260,000 transactions, totaling US$7.3 billion, for the Stabroek Block for the period 2018 to 2020 was completed in 4 months. The size of the audit team appeared to be about 12 people; a few members were Guyanese. We assume the Guyanese members had no prior experience in auditing oil &…
