oil economy

Faceless growth is now stalking the land

News EditorSeptember 16, 2023September 27, 202305 mins

Guyana’s oil economy is now mirroring its lopsided oil contract. The world’s highest growing economy in 2022 is not spreading the fruits of growth evenly across Agriculture, Manufacturing, and Services. Indeed, the rich versus poor is mirrored by oil and non-oil economy – the high growth oil sector registering 90% growth in the value-added income…

Slashing parent company guarantee from Full Coverage is a sellout to Exxon

News EditorApril 23, 2023May 1, 202301 mins

All Guyanese, our Caribbean neighbours, and Venezuela, must now be worried sick by the Honourable VP Jagdeo’s announcing that slashing the parent company guarantee from full coverage, down to a piddling $2 Billion USD, “remains a priority”. This in-your-face sellout and betrayal of our people, not only throws out the existing legal full liability coverage…

Upcoming: Oil Talk with OGGN on KN watch at https://www.facebook.com/kaieteur.radio

GPL will be paying up to US$50m to Qatari contractor for power ship that will sail off in two years

Government should take over Hess’ share

Gov’t’s proposed oil spill legislation is a pathetic betrayal of Guyana, taking precedence over Justice Kissoon’s decision to the satisfaction of Exxon

No other current issue of greater import I can think of other than Jagdeo’s attack on the country’s judiciary and the troubling silence emanating since

Oil Talk with OGGN Guyana Episode #25: Our oil keeps the world moving but we can’t keep our lights on

Slashing parent company guarantee from Full Coverage is a sellout to Exxon