On December 8th, 2024, ExxonMobil Guyana claimed that they “adhere to the highest ethical standards and are committed to transparency and integrity in all our dealings”. They do not! On the contrary, ExxonMobil Guyana does not even consistently comply with the law. ExxonMobil rejected a valid penalty for a polluting spill, and did not pay. It waited instead until a…
You extracted from a press release by the Office of the Vice President in your article ‘APA withdraws from Carbon Credits appeal process’ (SN October 30, 2023). The Vice President’s Office is yet again misleading the people of Guyana by implying that the National Toshaos Council (NTC) has authority to surrender control to the Guyana…
PARIS (Reuters) – French oil and energy group Total has bought stakes in some offshore Guyana oil production blocks, boosting its presence in the potentially lucrative Guyana basin. Total said it was buying a 35 percent working interest in the Canje Block, in an agreement signed with an affiliate of Canadian company JHI Associates Inc….
Introduction Under Section 31 of the Petroleum Act, official notification was given last month, by ExxonMobil and its partners (Nexen Energy and Hess Corporation), to the Government of Guyana confirming the find (discovery) of commercial quantities of oil and gas in the Stabroek Block. A few weeks later, in today’s column I conclude my commentary…
US States, in their dealings with private oil and gas companies, requires that details of finds be immediately reported to the State. Petroleum Consultant & Engineer, Paul Nicholas Ramsaywack. Guyana should ensure there is a mechanism that requires the same from oil and gas companies it is doing business with.That is the advice of Petroleum…
Jay Mobeen asserts that ‘babbling Glen Lall and others who agitated against the NRF … were disingenuous. For weeks they peddled misinformation to a nation, woefully ignorant of the bill. This couldn’t have been more glaring than the massive sign held up outside the Assembly by opposition protestors. This sign demanded the inclusion of the…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 71 – July 26, 2019 Introduction Today’s column summarises some of the principal information extracted from the audited financial statements of the three Contractors to the Petroleum Agreement signed on June 27, 2016. The financial statements are filed with the Commercial Registry and…
Today’s column attempts to draw lessons from global experiences with Sovereign Wealth Funds (SWFs), operating in the oil and natural gas sector. This effort is intended to aid my ongoing examination of Guyana’s impending development of a robust oil and natural gas sector. Today, such SWFs constitute an important subset of SWFs found in the…
Today’s column explores the proposed gas-to-shore project. Off the bat, I must declare that converting the present heavy fuel power plants to natural gas makes sense. Indeed, in June 2015, I wrote a column, then under Development Watch, arguing for the transition from high-polluting heavy fuel to less-polluting natural gas power plants. However, the same…
If one adds the collective losses from contracts that were mismanaged; investments that fell through, like the glass factory under Burnham and the Skeldon Factory under Jagdeo as well as the Marriott; if you also consider all that was given in bailouts and loans to agencies that had to be written off; those losses will…
