The humble fruit vendor selling at Bourda Market understands the difference between price and value. She grasps the value of her golden apples and sweet mangoes. She prices them at or above their fair value. She knows the prices of inferior produce and how far potential customers would have to travel to purchase her quality…
Thanks to Dhanraj for taking the time and effort to indulge in this debate. More Guyanese should get involved. (Ref – Dhanraj Deonarine’s letter, “Is the NRF really overstated?”, SN Jan. 13th). Here is the larger question on the subject: How can Oil Companies prepare their tax returns, submit them to GoG – and say…
President of Guyana David Granger Wednesday acknowledged that American oil company ExxonMobil had paid over US$18 million as a signing bonus to his government. It confirmed a disclosure by the oil company last weekend, but Granger said that his administration had not meant to deceive the Guyanese about the payment. “It is a legitimate government…
In a series of letters published in the Sunday editions of Stabroek News (February 16 & 23, March 2 & 9, 2025), the Oil and Gas Governance Network Guyana (OGGN) informed the Guyanese public about questionable tax practices of ExxonMobil and its partners—Hess Corporation and China National Offshore Oil Corporation (CNOOC)—and raised concerns about the…
…Says this is necessary until Govt. can show what an oil spill could cost Guyana Article 149 J of the Constitution mandates that the Government shall protect the environment for the benefit of present and future generations. It is expected to do this through reasonable legislative and other measures designed to prevent pollution and environmental…
Originally Published At: https://www.chrisram.net/?p=2424
On Wednesday, February 15th, 2023 the Esso Guyana Media Relations Advisor, Kwesi Isles, stated that the increase of the Liza 1 and Liza 2 projects’ combined output to 400,000 barrels per day was safe. This appears to be the second time in less than a year that an Esso Guyana representative has issued highly questionable…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 70 – July 19, 2019 Introduction Following up on last week’s column we have set out below a Table summarizing the Profit and Loss Statement of Mid-Atlantic for each of the years 2013 (part-year) to 2018 extracted from the company’s audited financial statements…
I offer the following clarifications to apparent misunderstandings by President Mohamed Irfaan Ali in his encounter with BBC ‘Hard Talk’ journalist Stephen Sackur (KN, ‘Bring it in – President Ali’s seminal defence of Guyana’s road map’, 01 April 2024) and by General Secretary Bharrat Jagdeo in his weekly Press encounters (DPI, ‘Guyana will remain a…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 85 – February 6, 2020 Two days ago, Column 84 set out the main provisions of the 2016 Bridging Deed. That Deed purported to keep alive the 1999 Petroleum Agreement signed by then President Janet Jagan. Effectively, it not only allows the three…
