Major Guyanese newspapers have been exposing numerous issues surrounding the oil contracts. One positive change, as a result of their relentless efforts, was having the Ministry of Natural Resources publish Guyana’s oil lift data. Additionally, it appears that the Extractive Industries Transparency Initiative (EITI) reviews have had some impact because a new website has appeared…
A SN daily blogger pesters me on this subject: Oil Companies’ financial risk assessment for exploration in Guyana. “Most politically unstable place in Caribbean”, he says. Five biggest Risks – Political risk, Geological risk, Price risk, Supply & Demand risk, Cost Risk. Seems clear the blogger is talking about political risk – gov’t overthrow, nationalization?…
Whether Guyana becomes “immensely rich or just another Trump-hole” from oil revenues depends largely on its ability to attract specialty experience and competencies in industry and sectors here, says business website Bloomberg. “Guyana could attenuate the brain drain by reaching out to its diaspora,” Bloomberg yesterday reported. “There are more than 100 reported expatriate organizations,…
Dear Editor I support the statements of the Upper Mazaruni District Council (UMDC) which you reported on 28 June (‘Upper Mazaruni council restates that carbon trading consultations defective’). Any Amerindian Village Council can agree to dispose of natural resources of the titled Amerindian Village Lands only through compliance with sections 13, 14, 34 and 44…
There is a clause in the contract that deals with the subject of renegotiation. To paraphrase: it says it can only be done with the agreement of both parties. How does one party (GoG) secure the agreement of the other (Exxon)? Robin Singh (SN, Oct 8th) says you must have “bargaining chips” to induce Exxon…
Dear Editor, In recent letters to the press, Robin Singh, a person who is yet to apologise for publicly labelling me and some members of civil society treasonous, is peddling more illogic. He seems to have now awakened to the concept of ‘unlimited’, as in parent company guarantee (PCG). It was already there to be…
“Maduro had in his possession, several volumes of documents, containing information on the 2016 ExxonMobil PSA and the various reports by citizens claiming that ExxonMobil is robbing Guyana of its oil and gas resources”, says AG Nandlall (SN Letters, Dec 17th). I don’t understand how Maduro can use these mostly [news-clippings] to pressure ExxonMobil to…
Some nations make the sorry mistake of only fearing the worst and begin preparing for it when oil companies head into production phase. But an oil spill can happen when operators are in their exploratory stage. This was the case of the great Deepwater Horizon oil spill. It was recognized as the worst oil spill…
The myth of an electricity subsidy in T&T and the forces behind it THE Energy Chamber of Trinidad and Tobago, which over the past few years has led an aggressive campaign to remove the ‘electricity subsidy’ for consumers in T& T, is governed by a 15-member board of directors of which seven are from the…
