Today’s column continues the discussion of Guyana’s long declared policy option of seeking membership of the Extractive Industries Transparency Initiative (EITI) as a cornerstone of its approach to governance of the fast approaching time of oil and gas production and export. Last week’s column had started the discussion, but regrettably, due to space, constraints, gaps…
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,…
OGGN’s mission is to educate and bring pressure to bear on Guyana’s policy makers to make sure the oil curse doesn’t happen in Guyana. You can learn more about OGGN at www.oggn.org/about, and you can also learn about the many issues with respect to our oil in the recently launched OGGN Magazine at https://www.oggn.org/wp-content/uploads/2022/02/OGGN-2022-Winter-Magazine.pdf. This week the…
In his letter published in Stabroek News on 13 January 2024, Mr. Nascimento re-stated my position. In his words, ‘it is only Venezuela which is the aggressor and, by its Referendum, threatens the use of force’. Why, then, would Guyana have felt pressured ‘with equivalence’ [Nascimento’s words] to let stand Point 1 of the Joint…
The Report produced for USAID on Democracy, human rights and governance assessment: Guyana (2021) makes the following observation in several places: ‘The constitution mandates a high degree of cabinet involvement in executive decision-making while the National Assembly serves as check on the executive branch. Consequentially, the executive branch of government is both protected and isolated…
Utilizing data reported by the International Monetary Fund (IMF), the Bank of Guyana (BoG) and Kaieteur News (KN), I will show that EEPGL has already recouped their investment; that they are earning significant profits; and that Guyana’s share will remain at meager levels for our non-renewal resource, unless the PSA is renegotiated. According to the…
Q1: What are Dr. Adams’ qualifications and background in the oil and gas sector? A1: Dr. Adams has a bachelor’s degree in civil and environmental engineering from the University of Guyana. He worked for the Guyana Water Authority drilling water wells across Guyana. He has a master’s degree in hydrogeology and studied petroleum and geological…
The following is an Open Letter to the President of Guyana sent electronically and as printed letter. We are writing this Open Letter on behalf of the Civic component of the Multi-Stakeholder Group in order to set the record straight concerning Guyana’s suspension from the Extractive Industries Transparency Initiative (EITI). Judging from the opinions attributed…
Investors are reportedly unhappy with Hess’s projection that it won’t generate free cash flow through 2020 due to spending tied to its offshore oil project in Guyana and its U.S. shale fields. See more here
