Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 122 – March 1, 2024 Introduction The Ali Administration has been promising continually that an independent, competent Petroleum Commission will be appointed to oversee the operations of the oil and gas sector. But like it has done in relation to the confirmation of…
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…
Kaieteur News – Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams believes that the consultant hired by ExxonMobil Guyana Limited (EMGL) to conduct an Environmental Impact Assessment (EIA) for its sixth project, must inform the nation of the likely devastation to these shores from an oil spill. Dr. Adams, a Petroleum and Environmental…
The oil companies, Hess & Exxon, recently reported earnings in the 2Q2023 that were significantly below the profits they earned in 2Q last year. However, they were very optimistic about the future because of their big bet on Guyana. By 2027, they are projecting to be pumping 1.2 million barrels of oil per day. With…
I refer to Robin Singh’s letter in SN of May 24th titled: “An unlimited parent guarantee must be backed by an asset register”, and wish to respond as follows: Robin Singh argues, “it must be backed by an asset register, all of which would then be under lien and would require Guyana’s assent for any…
Kaieteur News – Pre-pandemic statistics available for 10 Caribbean islands that can be affected by a devastating spill in the Stabroek Block shows that Guyana would have to foot costs of over US$20 Billion a year for affecting the beaches these countries rely largely on for tourism. This point was shared by activist, Janette Bulkhan in…
Major Court ruling in matter of Full Liability Coverage Please see the doc here: https://www.oggn.org/wp-content/uploads/2023/05/Decision-in-EPA-MAtter.pdf
We have been assured many times by the petroleum companies here that they are operating according to international standards. These standards require inspectors to certify compliance with the standards. The Liza Destiny and Liza Unity have for some time now been operating over their safe design operating limits of 120 000 and 220 000 barrels…
VP Jagdeo himself, admitted on the Glenn Lall show that “yes, full liability coverage is in all of the permits”; and in his August 19, 2022 press conference, exclaims “it is by law and by the permit they have to do this. Full coverage: that is an obligation…that’s what the oil companies understand is that…
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…
