July 2, 2019

Charles Sugrim

This petroleum contract is not worth the paper it is written on

News EditorJuly 2, 2019July 9, 201902 mins

It is my honest opinion that Kaieteur News should be awarded with the highest honour of the land for their continuous reporting on the massively flawed Petroleum Agreement between the Government and the contractors (Esso/Cnooc/Hess) and by extension Exxon. This petroleum contract, signed by Minister Trotman (his initial RT is on every page of the…

Jan Mangal

Frontera’s US$33M signing bonus for portion of unproven oil exploration blocks exposes Exxon’s pittance payment -Jan Mangal

News EditorJuly 2, 2019July 9, 201901 mins

Canadian oil company Frontera’s recent payment of a US$33 million signing bonus for a 33% working interest in two blocks offshore Guyana without any confirmed commercial quantities of oil, should signal to government how much it lost when it renegotiated its Production Sharing Agreement (PSA) with ExxonMobil’s subsidiary in 2016 and got a mere US$18…

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This petroleum contract is not worth the paper it is written on

Frontera’s US$33M signing bonus for portion of unproven oil exploration blocks exposes Exxon’s pittance payment -Jan Mangal