Ministry of Education to explain 52% profit
Dear Editor, It is the season of congratulations for high achievers of CXC, but I…
Ministry of Education to explain 52% profit
Dear Editor, It is the season of congratulations for high achievers of CXC, but I am teaching some remedialclasses in mathematics and I began by asking the students what they did not understand from the past(Form 1) year of high school and would like to relearn. Among the things high on their priority was profitand…
OGGN Member Frederick Collins holding up an MV Barima Banner
Frederick Collins is on the Right.
Profit could be anything. How is the $55 billion capex derived?
Over the last few days, I have been constantly reading in the Guyana press, “Now that Exxon has recovered its $55 billion investment (same thing called Capex, Capital outlays), when will Guyana start getting its 50% oil profit? (The quick answer is that Guyana has always been getting its 50% profit as defined in the…
Guyana’s share of oil revenue: Is this an equitable arrangement?
Dear Editor, It is generally accepted that within the boundaries of a sovereign state, a government does not pay taxes on behalf of any institution or any individual; but it has the authority to grant tax exempt status to certain groups, including churches, educational institutions, and non-profit organisations. Exxon and its oil consortium in Guyana…
The sinking of the MV Barima puts Guyanese inequities under a global spotlight
The MV Barima — an 87-year-old ferry owned and operated by the state of Guyana — recently sank off the country’s coast on its way from the country’s capital of Georgetown to Port Kaituma, a journey of about 18 to 24 hours. Port Kaituma is a gateway to what’s known as the North West District that borders Venezuela,…
Govt’s Bottled waterplant admits incapability to provide basic water supply system
Dear Editor, The Government of Guyana is known to be the first to come up with skullduggeries to camouflage its incompetence and wrongheadedness; but this unprecedented maneuver to build and operate its own bottled water plant has to take the cake as the big stunt to distract from its gross incompetence, failure, and dereliction of…
Implement the relevant maritime laws and conventions to the sinking of ferry MV Barima
Dear Editor, Could I ask leader Mohamed Irfaan Ali to govern as a 21st century president rather than an early mediaeval monarch operating without a corpus of national law? I ask because on July 31 President Ali established a new safety, compliance and audit team for the maritime sector with no reference to a legal…
Gov’t must upgrade management, oversight of oil by including ring-fencing, real-time auditing and monitoring breakeven quantity sold
Dear Editor, One of the most important questions in the oil industry is: At what quantity of barrels of oil sold will the investment cost of any project be repaid? The reason for knowing the answer to this question is because the cost recovery formula of 75% of total revenue, which is applied to the…
No to MV Barima as a memorial site
Dear Editor, On 27 July, I called on the government (President Ali, Prime Minister Phillips, MPW Edghill) to immediately requisition the Normand Installer, a heavy-lift vessel at Chaguaramas, Trinidad on 25 July, and heading for installation of mooring anchors and SURF for the FPSO ‘One Guyana’, on contract to SBM Offshore. I called on the government to direct the Normand Installer to the wreck…
