On June 21st, 2019, Melinda Janki presented in NYC. She explained why Guyana is NOT getting a Fair Deal for its Oil & Gas. Due to technical difficulties, the audio for the last few minutes were re-recorded.
It would take brave leadership for Guyana to overpower a giant. But such leadership seems lacking. As a result, Guyana may remain poor even with it tremendous wealth offshore. Chartered Accountant, Nigel Hinds said as much in a recent letter to the media. Hinds remains haunted by the existing Petroleum Sharing Agreement (PSA) that Guyana…
The OECD/G20 Inclusive Frame-work on Base Erosion and Profit Shifting (BEPS) is implementing a landmark reform to the international tax system, which will ensure multinational enterprises will be subject to a 15% effective minimum tax rate. The details can be found via this link https://www.oecd.org/tax/beps/. Domestic tax avoidance by BEPS due to multinational enterprises exploiting gaps…
1. What is the purpose of OGGN Guyana? The purpose of OGGN Guyana is to help educate Guyanese on issues related to the oil and gas industry in Guyana. It aims to advocate for transparency, accountability and good governance in oil activities. 2. When was OGGN formed and why? OGGN was formed in 2017 after…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 74 – August 23, 2019 Introduction A couple of weeks ago Column 73 examined a statement by Dr. Mark Bynoe about the uplift of oil every eight to ten days and of his plans to independently market Guyana’s share of petroleum which we…
I refer to Mr. Reggie Bhagwandin’s letter, “Oil deal was designed to cater for the nature of the industry” and wish to comment as follows: An argument for tax waivers for Foreign Companies – Profits are not guaranteed. Business is very competitive. Therefore, it makes good sense for host governments to grant tax waivers for…
Here are 14 questions and answers generated from the summary text: Answer: The main topics discussed were radioactive material and other hazards from oil production. The speakers focused on issues around a radioactive calibration facility operated by Schlumberger (Slumber J) in Houston, Guyana and the lack of proper environmental impact assessments and monitoring. Answer: The…
Reference is made to the letter entitled “The legitimacy of the Oil and Gas Governance Network (OGGN) is highly questionable” (Stabroek News, July 27, 2023). In the summer of 2017, OGGN was created as a legitimate non-profit organization located in Hollis, New York, United States of America. The Internal Revenue Service (IRS) of the United…
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…
I refer to Mr. Joel Bhagwandin’s letter dated 6-17, 2024 in which he claims the information I requested is in the Natural Resource Fund (NRF) Report. Not surprisingly, Mr. Bhagwandin’s answer is the usual ‘red herring’, in which he is once again attempting to divert attention away from the real issues I raised in my…
