Payment of Tax under Article 15.4 (b) and 15.5 of the Petroleum Agreement
Originally Published At: https://www.chrisram.net/?p=2424
Natural resources
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From Destiny to Prosperity Part 2.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 111 – October 27, 2023 Introduction Today’s column continues with a review of Chapters IV and V of Mr. Trotman’s book. In Chapter IV – Interactions with Exxon and the other Companies, Trotman relates his several meetings with representatives and officials of oil…
From Destiny to Prosperity Part 1.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 110 – October 20, 2023 Introduction Today’s column begins the review of Trotman’s book From Destiny to Prosperity – the names of two of the first three Floating Storage and Production Offshore vessels (FPSO) in the petroleum operations conducted by the Contractors in…
Gov’t should use authority of mining law and Article 36 of Constitution to immediately remove the illegal Chinese Landing miners
Your editorial ‘IACHR resolution’ on 30 July 2023 summarises the resolution about the dreadful long-running case of illegal mining at Chinese Landing. The Inter-American Commission on Human Rights had previously addressed the complaint about similar problems at Isseneru. The two documents are well worth reading for the careful histories of events, and summaries of the very dubious…
ExxonMobil and other carpetbaggers will leave behind a degraded Atlantic Ocean and diminished marine life
The sheer organisational magnitude and efficiency of ExxonMobil as an industrial power was shown in the MARAD Notices to Mariners numbers 106 and 107 (2023) dated 12 June but only published on July 13 in your paper. These Notices cover the near-shore laying of the pipe for the Gas-to-Energy project; previous MARAD Notices covered the…
EEPGL a ploy to plunder oil
Utilizing data reported by the International Monetary Fund (IMF), the Bank of Guyana (BoG) and Kaieteur News (KN), I will show that EEPGL has already recouped their investment; that they are earning significant profits; and that Guyana’s share will remain at meager levels for our non-renewal resource, unless the PSA is renegotiated. According to the…
Explore Guyana’s EITI Country Report – FY 2020
All files available at: https://www.gyeiti.org/news/gyeiti-report-fy2020-final
This distribution between EEPGL and Guyana is palpably inequitable and it must be changed now
Dear Editor, Reference is made to your article captioned ‘Exxon’s subsidiary registered $577b profit in 2022’ (SN 6/18/23) and I would like to make a few observations. First, the published data in this and another article (https://www.kaieteurnewsonline.com/ 2023/03/09/the-average-cost-per-barrel-of-oil-produced-by-exxon-is-questionable-unacceptable/). show that EEPGL has been able to extract a total of 168.8 million barrels of oil during…
Compensatory claims by our Caribbean island friends for oiled beaches would bankrupt Guyana
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…
Regardless of the number of wells explored Guyana’s profit share remains tied to 14.5%
By Stabroek News July 5, 2022 Dear Editor, I refer to a letter published in the July 3, 2022 Sunday Stabroek, captioned, ‘Depending on the amount of wells explored Guyana’s 14.5% take will increase at some point in the future’, and I would like to make a few observations. First, the writer states that, ’… Guyana’s…
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