July 2018
No full-time oil and gas expert in MNR –Mangal
With less than two years to first oil, former Government Advisor on Petroleum, Dr Jan Mangal says the number of oversight personnel has to be swiftly ramped up to monitor the current operations and before ExxonMobil is given approval for its Liza Phase 2 Development Plan. He said that currently the Ministry of Natural Resources…
The coming oil bonanza’ and bad signals
Guyanese on social media were euphoric last week when it was announced that the country now has at least 4 billion barrels of recoverable reserves. This would imply a capacity to produce 750,000 barrels per day. OilNow reported Minister Trotman as being very optimistic and even carried the headline “The coming oil bonanza.” Members of…
Rystad Energy part of Exxon’s lobbying machine – Dr. Mangal
Former Petroleum Advisor to the Government, Dr. Jan Mangal, is not surprised by the glowing reports of Rystad Energy, a Norwegian research company, which predicts that Guyana will get massive returns from its oil deal with ExxonMobil. That’s because Dr. Mangal says that Rystad Energy is part of ExxonMobil’s lobbying machine. In his Facebook page,…
Overblown promises on Guyana’s oil share
On Thursday June 22, 2018, the Wall Street Journal published an article titled “Eureka! Giant Oil Find Set to Bring Guyana Startling Riches—Maybe”. The Wall Street Journal is among the top business newspapers in the world. It is widely read by many investors and business people such as Warren Buffett and Bill Gates. Thus, it…
Gov’t official proposed sole-sourcing Glencore to sell Guyana’s oil – Mangal
Dr Jan Mangal, former petroleum adviser to President David Granger yesterday disclosed on his Facebook page that someone in government had proposed sole-sourcing the sale of Guyana’s oil to mining and commodities giant, Glencore. Mangal’s statement follows his declaration that in the coming weeks he will outline a number of things including the “mechanism used…
I said a national oil company should not be pursued for at least five years
Regarding the article in SN dated 02-Jul-2018 titled: `National oil company for Guyana would be a disaster – Jan Mangal’ This article does not reflect the two posts on social media from which I believe they were based. I made two posts on 28-Jun-2018 on the subject of national oil companies (NOC). I said a…
National oil company for Guyana would be a disaster – Jan Mangal
The creation of a National Oil Company (NOC) will be “a disaster” for this country warns former Government Advisor on Petroleum, Dr. Jan Mangal who says that Guyana should learn from the experiences of sister Caribbean countries, Trinidad and Tobago and Jamaica. However, the government says that it has been advised by a number of…