In order for Guyana to get as much value as reasonably possible from the extraction of its petroleum resource, the Government must be part of negotiations of costs for the development of its oil fields. This is the urge of the Oil and Gas Governance Network (OGGN). The pressure group, formed to ensure good governance…
Introduction Today’s article brings to a conclusion the three-part series of columns that have been reviewing Guyana’s proposed membership of the Extractive Industries Transparency Initiative (EITI). Similar to my earlier examination and assessment of government’s proposed establishment of a Sovereign Wealth Fund (SWF), Guyana’s deliberative effort to secure membership of the EITI is undoubtedly a…
Today’s column explores the proposed gas-to-shore project. Off the bat, I must declare that converting the present heavy fuel power plants to natural gas makes sense. Indeed, in June 2015, I wrote a column, then under Development Watch, arguing for the transition from high-polluting heavy fuel to less-polluting natural gas power plants. However, the same…
It would take brave leadership for Guyana to overpower a giant. But such leadership seems lacking. As a result, Guyana may remain poor even with it tremendous wealth offshore. Chartered Accountant, Nigel Hinds said as much in a recent letter to the media. Hinds remains haunted by the existing Petroleum Sharing Agreement (PSA) that Guyana…
Dear Editor,We reflect on the risks involved as ExxonMobil drills through ~2,000 metres of water (>1 mile) and ~3,700 metres (> 2 miles) of rock to get to the petroleum and associated gas located under the weight of such pressure in Guyana’s offshore territory. We note that the increase in daily production to 155,000 barrels per…
Q1: What was the topic of Mr. Ram’s recent column in the Stabroek News? A1: Mr. Ram started his column again in Stabroek News with the message that every man woman and child in Guyana must become oil minded. Q2: What type of audit did Mr. Ram say the agreement between Guyana and ExxonMobil provides…
Would it not be refreshing to see the following as a press release from APNU or the coalition government in relation to the recently published report by Global Witness? “…. APNU press release in relation to the recently published Global Witness report on Guyana. Guyana is starting its oil & gas industry from scratch, and…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 69 – July 15, 2019 Introduction The Public and Government Affairs Advisor of ExxonMobil Ms. Janelle Persaud has disclosed to the press that its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has applied for its Petroleum Prospecting Licence for the Canje Block…
Knowledge is what we want. Schools are successful when they eventually show students how to acquire knowledge themselves. Knowledge is not merely information, though it is made up of information. It is not my intention to write a treatise on the processing and logics of turning information into knowledge by means of intelligence, but to…
By Stabroek News August 10, 2022 Dear Editor, Permit me to respond to a letter dated August 6, 2022 written by Joel Bhagwandin, Financial Analyst, captioned,’ Guyana poised to earn close to US$5b annually when the four approved oil platforms are producing concurrently’. In that letter, it is stated that,’ Professor Hunte failed to cite…
