In subservience to Exxon and realizing that they will lose the legal battle, the Government now plots its heralded scheme for an oil spill legislation to nullify Judge Kissoon’s decision decreeing that an Unlimited Parent Company Guarantee (referred herein as UPCG) must be provided to bear the full cost of any oil spill, above what…
Imagine if you didn’t know the amount of money in your family’s primary bank account for the past two years. Would you borrow money at exorbitant interest rates when you didn’t need to? Would you skip on meals for your family because you thought you didn’t have enough money? It is coming up on two…
The pace of discovery in the Stabroek Block has been astounding. There have been 32 major discoveries to date. There are currently 3 projects in production: Liza Phase 1, Liza Phase 2 and Payara. The current daily output is 620,000 barrels of oil. There are 2 additional projects approved for production: Yellowtail and Uaru. Plus,…
All Guyanese should read the SN letter of March 28th titled, “Bhagwandin’s disclosure about the Vreed-en-Hoop shore base raises more questions than answers provided” by Isiah Francis. Francis was responding to Joel Bhagwandin’s article of March 26th in which he spilled the beans on the shorebase project. His article titled, “Vreed-en-Hoop shore base is not…
