Oil and Gas Consultant, Dr. Jan Mangal, does not agree with the private sector’s view that the State Asset Recovery Agency (SARA)’s probe of how the Canje and Kaieteur oil blocks were awarded to four inexperienced firms will scare away investors.In fact, Dr. Mangal told Kaieteur News that the probe would set the tone for…
I did not intend to write this letter, but the emails I sent to where the government and parliamentary websites said to contact them were unsuccessful. I wrote that I should like The Radiation Safety and Security Bill 2022 to be redrafted to incorporate certain considerations, which I am listing for public consultation, which service…
During the anti colonial struggle in the 1950s and 1960s, the political leaders lambasted the (British) imperial powers (colonizers) for exploiting the nation and not paying their fair share in taxes and for not contributing to the development of the colony.The foreigners (the White man) were described as blood suckers, vampires draining the resources of…
Introduction The controversy over tax certificates issued to oil companies continues unabated. On March 17, the Minister of Parliamentary Affairs and Governance responded to the Oil and Gas Governance Network’s information request by suggesting that tax details could be found in Commercial Registry filings – a claim I discredited in my March 21 column as…
Economist Tarron Khemraj says that from all of the analyses he has seen of the oil deal for the Stabroek Block, Guyana will end up getting just around 37% of the gross revenues while ExxonMobil and its partners will cream off the rest. See more here
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
Dear Friends and Supporters, Much has happened in the last few months! In October, the Acting Chief Justice ordered the three oil companies to be joined to the action. The good news is that they may not recover any costs against the litigant Mr Gaskin. Our lawyers have since put in the affidavits in reply…
In my opinion, this contract should be considered null and void for the following interim reasons:1) This contract was not made in good faith, good intention, is biased and is not consistent with minimum international contracting requirements, practice, guidelines, procedures and laws.2) This contract is a production sharing contract/royalty (PSA), where Guyana is technically a…
Vice-President Bharrat Jagdeo gave a very comprehensive and detailed presentationof the Government’s positions on the new oil and gas industry in an interview with Kaieteur Radio’s Kiana Wilburg. In contrast to the lack of transparency on the oil and gas sectorbythe previous APNU/AFC administration, Jagdeo clearly stated that the Governmentis determined to provide sound and…
I noticed in today’s paper three full-page ads in newspapers, celebrating Caribbean Statistics Day under the theme, “Leave No One Behind…Everyone Counts.” There were messages by “Senior Minister of Finance” (no longer Minister within the Presidency?), the Chairman of the Bureau of Statistics Board, and the CARICOM Secretary General. The Senior Minister said, “Government recognizes…
