0.00 Intro by Moderator8:50 DR VINCENT ADAMS (comparing 1999 and 2016 agreements)[14:47 Dr Adams: Liability and insurance][21:08 Dr Adams: Absence of data][24:25 Dr Adams: Absence of specifics in the contract]27:44 FREDERICK COLLINS [TIGI][32:15 Fred Collins: Critical contract issues][36:49 Fred Collins: Annex A and Annex B][38:54 Fred Collins: Area Limits for a Single Licence]40:11 DARSH KHUSIAL [OGGN] How Much is Guyana losing on Stabroek Block…
Alastair Routledge, Esso’s latest country manager, has been reported in the press as saying that ExxonMobil cannot renegotiate the Petroleum Agreement because of ‘sanctity of contract.’ That is not correct. Article 31.2 of the Petroleum Agreement says: “This Agreement shall not be amended or modified in any respect except by written agreement entered into by…
I feel the coolness of the breeze that permeated the Guyana coastline from the letter penned by Chartered Accountant Nigel Hinds in the Kaieteur News of August 3. For this letter to be published just after we celebrated Emancipation Day seems very refreshing and applicable. Our Government should recognize, albeit their authority to govern our…
The claim by the National Toshaos Council (NTC ) that it is the ‘sole, legal and legitimate’ body that represents the interests of Amerindians in Guyana (Department of Public Affairs, ‘NTC affirms its position as legitimate representative body of Amerindians’, 24 November 2023) has no legal basis. This claim is an unreasonable/erroneous extrapolation of the…
I express heartfelt condolences to the parents and other loved ones of 11-year-old Adriana Younge, whose tragic and suspicious death has plunged our nation into grief and turmoil. The pain and anger felt by all Guyanese – not only parents and family members – are real. The public outrage over the police’s handling of this…
For the attention of Board chairman James H Quigley, Chief Executive Office John B Hess, and shareholders in the Hess Corporation Via Lorrie Hecker, Vice President for Communications, e-mail lhecker@hess.com Subject: Queries about the purchase by Hess Corporation of jurisdictional carbon credits from the Government of Guyana We refer to your Press statement dated December 2, 2022,…
Every Man, Woman and Child Must Become Oil-Minded (Part 96) January 21, 2022 Businessman and Newspaper Publisher Mr. Glenn Lall has filed an action in the Guyana High Court challenging key provisions of the 2016 Petroleum Agreement between the Government of Guyana and Esso Exploration and Production Guyana Limited, CNOOC Petroleum Guyana Limited and HESS…
Christopher Ram’s survey indicating an overwhelming 94% of the people wanting renegotiations of the Stabroek Block Production Sharing Agreement (PSA), and the daily commentaries that followed, have put the Government in a state of utter confusion and madness undermining arguably the most consequential issue facing our nation. By its deeds, this Government has brandished its…
Seeking advances on future revenue from ExxonMobil should be under discussion, according to United States-based Guyanese business professor and accountant Floyd Haynes, who says the benefits for a developing nation like ours are incalculable and can outweigh the disadvantages “I think it should be considered. You are borrowing against future revenues. There are …benefits to…
I would like to make some comments on the article by Dr. Thomas, “Guyana’s Oil and Gas Sector: More on the abuses of misinformation, deceptions, and fake news.” (SN July 11, 2021). Some clarifications are needed as Dr. Thomas seemed to have missed some important points. Firstly, the Guyana’s taxation system is not based on “average effective…
