Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 109 – October 13, 2023 Introduction It has been several months since column 108. Yet, when I told a friend that I intended to publish approximately eight columns over the next few weeks, his immediate reaction was the question: what will you say…
I am responding herewith to Mr. Bhagwandin’s letter to the Editor of Stabroek News published October 8, 2022, and entitled `The overall objective of the PSA is to obtain a higher profit share after fully recouping investment costs’. First, I fully agree with other online commentators that there was no need for Mr. Bhagwandin to…
There are several news reports that government is preparing the final draft of its local content policy (act or law). There are also several commentaries on the issue. KN has focused extensively on issues pertaining to the oil industry – especially on how the nation is being hoodwinked (cheated and robbed) in broad daylight on…
Kaieteur News – Darshanand Khusial of the Oil & Gas Governance Network (OGGN) has hailed the recent ruling of the High Court on the legal duration for ExxonMobil’s Liza Phase One permit as a good step, and an indication that Guyanese can make real positive changes.The challenge was brought against the environmental permit by former…
Guyana Extractives Industry Transparency Week. A virtual Guyana Extractives Industry Transparency Week (GEITW) from June 7-11, 2021. This one-week event is focused on bringing together government, industry, civil society organizations, journalists, and the general public under one forum to discuss Guyana’s ongoing pursuit of good governance and transparency in the extractives sector. Key areas of…
It would be perfectly understandable if the public is totally confused over the issue of the audit of the expenses claimed by Esso, Hess and CNOOC for the period 1999 – 2017. Various reports in the media suggest that the UK entity contracted to audit the costs reported by the consortium were overstated by US$214…
Guyanese businesses are paying 40 percent taxes on operating profits for commercial activities. In contrast, the oil companies enjoy a tax-free ride on their oil profits. For the oil production lifecycle, from the preparation for oil production to when the oil is finally sold, the oil companies pay no taxes. The oil companies have business…
