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April 23, 2026
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  • Of Windfalls, Unwelcome Interventions and Waning Sovereignty
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    April 16, 2026
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  • Petroleum Agreement
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Petroleum Agreement

Chris Ram's Articles
  • Chris Ram

Throwing Around oil numbers

News EditorAugust 9, 2019February 5, 202405 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 73 – August 9, 2019 Introduction It has been a week of headlines in the petroleum sector. First out was Dr. Mark Bynoe who told the Stabroek News about Government’s plans to market its share of crude oil. This was followed by a…

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Chris Ram's Articles
  • Chris Ram

Esso’s, Hess’ and CNOOC/Nexen’s Recoverable Costs amount – Continued

News EditorAugust 2, 2019February 5, 202406 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 72 – August 2, 2019 Introduction Column 71 published last week included a summary table of the Statements of Financial Position (the Balance Sheet) of the three oil companies which will lead Guyana to First Oil projected to take place during the first…

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Chris Ram's Articles
  • Chris Ram

Esso’s, Hess’ and CNOOC/Nexen’s Recoverable Costs mount

News EditorJuly 26, 2019February 5, 202405 mins

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…

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Chris Ram's Articles
  • Chris Ram

Landlordism in the Oil and Gas sector (Continued)

News EditorJuly 19, 2019February 5, 202404 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 70 – July 19, 2019 Introduction Following up on last week’s column we have set out below a Table summarizing the Profit and Loss Statement of Mid-Atlantic for each of the years 2013 (part-year) to 2018 extracted from the company’s audited financial statements…

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Chris Ram's Articles
  • Chris Ram

Landlordism in the Oil and Gas sector

News EditorJuly 15, 2019February 5, 202405 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 69 – July 15, 2019 Introduction The Public and Government Affairs Advisor of ExxonMobil Ms. Janelle Persaud has disclosed to the press that its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has applied for its Petroleum Prospecting Licence for the Canje Block…

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Chris Ram's Articles
  • Chris Ram

Why Ring-fencing matters and why it does not?

News EditorJuly 5, 2019February 5, 202405 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 68 – July 5, 2019 Introduction This column has had an extensive rest – more than half the year while more and more of the defects and inadequacies of the infamous “ExxonMobil” Petroleum Agreement have been exposed. Paradoxically, it seems that it is…

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Chris Ram's Articles
  • Chris Ram

Double Standards in Contracts: The Bridge Debacle vs. ExxonMobil’s Petroleum Agreement

News EditorNovember 16, 2018February 5, 202405 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded (Part 63) Introduction It has been nearly a month since the last column appeared on October 19 under the title Complex for the White Man, Disdain for Locals. Recent developments have lent an aura of prescience about that column as we witnessed and contrasted the…

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