Reference is made to Elder Green’s letter titled, “This mad rush to have foreigners develop all they can find in our waters is senseless” (SN August 16th). Mr. Green is onto something here. “Go easy on exploiting our non-renewable oil resource”, he says. When it’s done, it’s done. Further he cautions, “In other words, don’t…
I write in relation to a letter included in the Stabroek News on 28-Nov-2018 with the title `Why would Exxon inflate these costs when it wouldn’t be the one benefitting?’ authored by a Mr Clement Smith. The letter in question makes a number of inaccurate points and I attempt to address these below. In summary,…
Kaieteur News – The Oil & Gas Governance Network (OGGN) stands firm that ExxonMobil’s Stabroek Block agreement is renegotiable, and that former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams proved this during his stewardship in the post.In October last year, Dr. Adams had told Kaieteur News how he had ensured that the…
Today’s column attempts to draw lessons from global experiences with Sovereign Wealth Funds (SWFs), operating in the oil and natural gas sector. This effort is intended to aid my ongoing examination of Guyana’s impending development of a robust oil and natural gas sector. Today, such SWFs constitute an important subset of SWFs found in the…
The controversial Production Sharing Agreement (PSA) signed between the government and ExxonMobil’s local subsidiary and partners is final and will not be subject to any changes, Minister of State Joseph Harmon said yesterday. “The President has said it—that we have dealt with the ExxonMobil contract and that we are not going back on it. It…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 136 Over the past three weeks, this Column has shown how the PPP/C has reversed its pre-election promise to review and renegotiate the 2016 Petroleum Agreement. But it actually did worse – reversed its commitment to an independent Petroleum Commission, failed to provide…
The silence is deafening. It is indeed unfortunate that so many Guyanese are keeping quiet in the face of the glaring atrocities highlighted in the Production Sharing Agreement (PSA) that Minister of Natural Resources, Raphael Trotman signed with ExxonMobil. That is the crux of comments made by Chartered Accountant, Nigel Hinds. Hinds said that advocates…
