Every Man, Woman and Child in Guyana Must Become Oil-Minded (Part 64) Introduction Figures contained in the 2017 financial statements of Esso Exploration and Production Guyana Limited indicate that the three-party set up of Esso, Hess and CNOOC Nexen will spend well over five hundred billion dollars ($500,000,000,000) up to December 2019. The three companies…
Despite noting that there is “no prospect” at this time for a review of the controversial Production Sharing Agreement (PSA) between the government and a subsidiary of oil giant, ExxonMobil, President David Granger said yesterday that the matter is engaging the attention of Cabinet “These matters are before Cabinet and it depends on what determination…
If an agreement is signed between the Government and a third party, can a new administration rescind that agreement?After reviewing what the Trump administration did with the Paris Club agreement and the Iran Nuclear Deal agreement, I am of the opinion that a new administration in Guyana can do the same.President Obama’s administration signed the…
https://www.oggn.org/why-the-stabroek-oil-block-contract-should-be-renegotiated/
“Wait until (ExxonMobil) does something, and then alert the country. But do not harass them before the production even starts.” That was the advice given to the media yesterday, particularly Kaieteur News, by Minister of Foreign Affairs, Carl Greenidge. It was almost as if Greenidge was asking for ExxonMobil to be given kid-glove treatment. The…
Is it in Guyana’s best interests to take ‘associated gas’ to generate electricity, as so enthusiastically advocated by Mr Bynoe and Dr Mangal? Quite simply, no. The IMF, the World Bank, the IADB, the European Investment Bank, leading economists (e.g. former World Bank Chief Economists Lord Stern and Joseph Stiglitz,), the Institute for Energy Economics…
When Guyana’s oil contract was signed in 2016 world market prices per barrel averaged $65. All indications today are that future prices (next 5 -10 years) may average $110. The portion of higher average price ($110 minus $65 = $45) can be called the Russia-Ukraine war premium. Who gets to keep most of the $45…
Jan Mangal, oil and gas consultant and former petroleum advisor to the president of Guyana:“Guyana is an opportunity for the oil industry to prove to the world that it does not have to be exploitative and predatory when operating in weak or fragile countries. The size of the initial spike in growth due to oil revenue…
Stories of an Offshore Drilling Moratorium Campaign from Belize DATE: Thursday March 9th, 2023 Time: 6 P.M. Belize time (CST); 7 pm EST; 8 pm AST; 4 pm PST Register in advance for this webinar: https://tinyurl.com/peopleleadleadersfollow DATE: Thursday March 9th After registering, you will receive a confirmation email containing information about joining the webinar. Please share…
Elizabeth Deane-Hughes 26 May 2022 Mr. Alistair Routledge, President, ExxonMobil Guyana, 99 New Market Street, Georgetown. Dear Mr. Routledge, RE: Governing instruments of Guyana vis a vis EIA/EIS for GTE pipeline project & Uaru Project Happy 56th Independence Day Greetings! Trust this finds you and your circle well. I have been attending some of the complimentary…
