How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value of having the requisite quality of well-paid and motivated teachers of the highest calibre will reverberate across this nation in positive ways that will lift Guyana out of its morass. Let…
Imagine if you drive your car to an Esso gas station and fill your tank with US$27.20 in gas. Then you decide to pay the cashier only US$20 for your gas and you walk out. The police would soon track you down for robbing the franchise owner of that Esso location. Hence, it is puzzling…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 127 Introduction Yesterday’s column addressed three Guarantee and Indemnity Agreements (GIA) granted by the oil companies to the Environmental Protection Agency. These we are told are to provide some assurance to Guyana that there is money available to deal with any environmental events…
Jan Mangal, former Petroleum Adviser to the President, says ExxonMobil’s Payara oil well development should not be approved until it yields big changes to the much-criticised 2016 deal including a higher royalty rate than the current 2%. Mangal believes that while the company has been adamant that changes cannot be made to the Production Sharing…
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…
Although Guyana is expected to become an oil producer, energy expert Dr. Vincent Adams says agriculture and renewable energy will actually be its keys to long-term sustainability. Adams told Sunday Stabroek that this will be what he will be telling not only government but Guyana’s citizenry when he returns this year, after serving in several…
The silence is deafening. It is indeed unfortunate that so many Guyanese are keeping quiet in the face of the glaring atrocities highlighted in the Production Sharing Agreement (PSA) that Minister of Natural Resources, Raphael Trotman signed with ExxonMobil. That is the crux of comments made by Chartered Accountant, Nigel Hinds. Hinds said that advocates…
In a series of letters published in the Sunday editions of Stabroek News (February 16 & 23, March 2 & 9, 2025), the Oil and Gas Governance Network Guyana (OGGN) informed the Guyanese public about questionable tax practices of ExxonMobil and its partners—Hess Corporation and China National Offshore Oil Corporation (CNOOC)—and raised concerns about the…
In March last, the British High Commissioner is reported (KN, 20th March, 2019) as having told the Georgetown Chamber of Commerce & Industry (GCCI) that corruption is a job for Government and the Private sector to team up against. TIGI agrees with the broad thrust of this contention. However, in many countries and many instances…
If one is to believe Mr. Trotman then it means that the Preamble to the Agreement is false and misleading. On the other hand, if the Preamble is accurate, then we have Mr. Trotman once again lying to the country. See more here
