So the party is on! Now we spote; but we ain’t gat money? How so? Still, we will have fireworks galore.In the meantime, the sugar workers are on the breadline. How indifferent and uncaring! The government appears to be flummoxed, and myopic, not knowing the next step – checkmate. They have done everything wrong regarding…
After months of evasion, the government today released the production sharing agreement with ExxonMobil’s subsidiary, EEGLP and the company’s local head, Rod Henson said that the the US$18m signing bonus was paid for the 10-year extension of the pact. See more here
Just days after its major oil find at the offshore Ranger-1 site in the Stabroek Block, ExxonMobil’s subsidiary, EEPGL is preparing to begin drilling at the Pacora-1 well site. According to an advertisement in today’s Stabroek News from the Maritime Administration Department, Esso Exploration & Production Guyana Ltd (EEPGL) will on January 25 begin a…
“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…
We were confident you would support the Transparency Institute Guyana Inc’s (TIGI) call for open governance in any investment in a gas pipeline from our offshore oil and gas fields. However, we should like to declare that our call for open governance is not only in this matter. Open governance is always required. In fact,…
Introduction Today’s column continues the effort to provide for readers’ guidance a response to the burning question: What are the lessons to be learned from oil and gas producing countries that have implemented policies/regimes for local content requirements (LCRs)? As previously indicated, such countries are many, and, unsurprisingly, their experiences are varied. Beyond question, LCRs…
Today’s front page story in SN showing Minister Bharrat handing over production license for a fourth oil well to Exxon’s Guyana president Alistair Routledge, giving up yet more leverages to demand renegotiation – should give cause for alarm to the Guyanese people. It is simply giving Exxon license to cheat the Guyanese people of Fair…
We continue our analysis of the arrangement with Exxon by looking at the claim that the Venezuelan belligerence was the justification for the selection of Esso/Exxon and that this belligerence constituted special circumstances under Section 13(3) of the Regulations made pursuant to the 1986 Petroleum act. Both governments since the signing of these contracts have…
Imagine that you were lucky to be awarded a house lot. You hire a contractor company to fence off your plot of land and you intend to use them to build your house. But on review of the bill for the fencing, the numbers don’t add up. You will be outraged and will seek to…
Dear Dr Ani Dasgupta Ani.dasgupta@wri.org We noted with surprise a congratulatory message attributed to WRI on the issuance of Winrock-ART’s TREES jurisdictional forest-based carbon credits to Guyana on 5 December 2022 (Department of Public Information (2022) ‘Sale of carbon credits: $157B for investments in low-carbon development across Guyana’, Department of Public Information, 21 December. Available at: https://dpi.gov.gy/sale-of-carbon-credits-157b-for-investments-in-low-carbon-development-across-guyana/) ….
