The cash flows in the PSA2016 could be rearranged so as to not cause Guyana to spend out its savings in its National Resource Fund
I wish to respond to the idea that the oil companies are granting Guyana a fair deal with their 50/50 billboard in which Guyana is getting one-half of the profits from sale of crude oil. Further, the ideas thrown about is half a loaf is better than nothing. This is very misleading in running a…
What the coalition gov’t should say about the Global Witness report
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…
Stabroek Block costs appear to be padded by at least 25%
The government is promising to audit the US$9.5 billion in capital costs outside the audit window that is now closed. It hasn’t explained how it will enforce any discrepancies found given that the time frame to audit Liza 1 and Liza 2, the first 2 projects in the Stabroek block, have expired. But let’s not…
Motion – Liability Insurance Coverage for Spills submitted to the National Assembly by David Patterson
Motion – Liability Insurance Coverage for Spills Whereas Oil production offshore Guyana is expected to increase rapidly from its current rate of 120,000 barrels per day (bopd) to close to 1 million bopd, with the number of FPSOs increasing over 10 times by 2026; And Whereas worldwide offshore oil production operations show a high likelihood…
Useless comparing Jagan with Jagdeo who is clueless on how to manage Guyana’s oil bonanza
Erin Northe has written a nice letter to commemorate Cheddi Jagan’s death anniversary in SN Letters (March 2nd), titled: “Take time out to reflect on where we are in Dr. Jagan’s vision”. This letter provoked a comment on the online edition from Fuad Rahaman. It reads: Focus on PPP leader, Dr. Bharrat Jagdeo’s vision! It’s…
Guyana may become the next resource curse on steroids
If the PPP wins with a majority, Guyana may become the next resource curse on steroids, with lots of white-elephant projects.And if the ruling coalition wins with a majority, Guyana may continue to blunder along and give away its oil wealth.
President should make a public appeal to Exxon for contract renegotiation
As the Energy Conference gets underway, Guyana continues to experience the phenomenon of blackouts. Only last week the national grid ran into trouble and they had to bring in experts to diagnose the problem. They had to shut down the five dual-fuel power generating sets at GPL’s Garden of Eden power plant, to prevent a…
Mr Nandlall’s response suggests he has found magic formula to overcome concerns about 2016 PSA
Mr. Anil Nandlall S.C. Attorney General and principal legal adviser to the Government has written rather disparagingly about comments I made in my last Friday‘s Stabroek News oil and gas column. Without naming me or addressing any of the extensive data, sources and arguments I used in arriving at my findings, he claims that my…