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,…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 119 – January 09, 2024 Introduction On the occasion of the first column for 2024, I extend best wishes to readers for an informed and productive year and realisation of the hope of a fairer contract. Readers will recall the promise made in…
From Dr. Tulsi Singh’s letter (SN March 2), I take this quote: “Numbers released by VP Jagdeo three weeks ago revealed that Guyana received US$184.9 Million in profit and US$21.2 Million in royalty. Since royalty is calculated at 2% of sales, then sales were US$1,060 Million. So, Guyana’s profit as a percentage of sales was…
I join with others in calling for revising of the 2016 Production Sharing Agreement, PSA 2016. Withdrawal rules are less important than invoking the special clause under Article 24, ‘Force Majeure’, dealing with the additional actual and potential activities that are placing Guyanese to bear indirect costs arising from activities of adding an oil industry…
Guyanese are asking whether a review would lead to renegotiation of the contract and increased revenue sharing. “Show us the dough”, is what interest Guyanese.We applaud the PPP government for voluntarily seeking a review of the Payara project. Government is short on revenues. So it rightly sought a grant from a willing donor country, Canada,…
Our angelic lawyers and appellate judges are debating in medieval terms whether ‘assurance’ or ‘insurance’ or ‘full liability coverage’ or ‘complete indemnity’ can all sit on the head of a pin. Meanwhile, let us consider why we need such security instruments. Since the PEMEX oil spill at the Ixtoc-I well in the Gulf of Campeche…
It would be perfectly understandable if the public is totally confused over the issue of the audit of the expenses claimed by Esso, Hess and CNOOC for the period 1999 – 2017. Various reports in the media suggest that the UK entity contracted to audit the costs reported by the consortium were overstated by US$214…
Recent discussions surrounding the cost recovery provision in the oil contract and the possible renegotiation served as motivation for this column. I intend to clarify and reemphasise several points I made on these topics in previous columns. Over the years, I have examined various topics which are still relevant to present deliberations. These include the…
By Dr Alissa Trotz On May 12th, the UK Guardian ran a story, ‘We can’t eat a new road,’ in which fishermen talked about their livelihoods drying up, and linked it to the oil and gas sector in Guyana that is operating and expanding with official blessing and full immunity and impunity. This connection between…
I would like to congratulate Ms. lsabelle de Caires and the Moray House Trust for recently hosting a very informative panel discussion on “Shifting Power: Guyana’s Energy Mix” (video available on YouTube). Presenters included Dr. Simone Mangal-Joly who gave an over-view, Mr. Alfred Bhulai (focusing on solar/wind), former Minister David Patterson, MP (focusing on the…
