The People’s Resource
See original source here: http://www.searchanddiscovery.com/pdfz/documents/2018/70320mangal/ndx_mangal.pdf.html
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Mangal says advised against Crab Island oil facility over lack of transparency
Dr Jan Mangal, former petroleum advisor to President David Granger, has said he advised government against investing in the development of the now shelved onshore oil and gas supply facility at Crab Island, in Region Six, as the proposal did not go through the due diligence needed for the investment, which would have required billions…
Meeting Invite: Oil and the betrayal of Guyana’s working people
Jan 10, 2021 10am Guyana time (02:00 PM in London) Register here: https://cls-uk.us8.list-manage.com/track/click?u=99ed132c072175b8f81302247&id=1671757cd8&e=049d969273 Melinda Janki is an international lawyer and an attorney-at-law in Guyana. A former oil lawyer she has been an outspoken critic of Guyana’s deal with ExxonMobil and the danger it poses to the Guyanese people. Melinda was legal counsel on a recent court…
Words of wisdom from PM Rowley
Words of Wisdom from Trinidad & Tobago Prime Minister: Dr. Keith Christopher Rowley. Prime Minister Rowley using conscientious and explicit words – stated on Wednesday in Georgetown that contracts are not set in stone and must benefit both parties. Prior to this pronouncement, Prime Minister Rowley coyly said that he did not want to give…
Gov’t seems to be in a rush to approve Yellowtail though serious questions unsettled
On the weekend the government released an article stating that the Stabroek Oil Block is not up for renegotiation. It cited a number of reasons for its position including the sanctity of contract, the stability clause and because Exxon lost US$22 billion last year. The article reads like a marketing campaign for why Guyana should…
Government to pay $5,391 million Corporation Tax for oil companies reporting after tax profits of $16,175 million.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 89 – June 18, 2021 Introduction This second part of a mini-series on the three oil companies which operate the Liza 1 project under the Stabroek Block reviews the 2020 financial statements of the Guyana branch of Hess Guyana Exploration Limited (Hess). For…
ExxonMobil complains to Greenidge about KN scrutiny
“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…
New PSA fails to fix source of foreign currency shortage
Chartered Accountant, Christopher Ram has reiterated his position that the current foreign currency shortage is a fallout from the 2016 Production Sharing Agreement for the Stabroek Block and he said Guyanese should note that the much vaunted Model PSA has essentially retained the old foreign exchange framework, which is the source of the problem. Writing…
Local content policy should benefit all Guyanese
In 1763, slaves of the Plantation Magdalenenberg on the Canje River in Berbice rebelled, protesting harsh and inhumane treatment by foreign entities(1). While the rebellion ultimately failed, it precipitated events that led to Guyana’s sovereignty and nationhood. Those original Guyanese fought for the ability to own a share of the resources of this great land….
Movement for renegotiation of Exxon deal gaining momentum
As Mr. Glenn Lall of Kaieteur News and the other independent paper, the Stabroek News, feature stories on the bad deals we have with our oil and gas contracts, more and more people are understanding that both the PNC and PPP have sold out our oil, leaving us with “larwah” compared to what Exxon and…