2019 has been an unforgettable political year for Guyana, if only for the indelible and extreme breaches of our Constitution and Court Rulings following the No Confidence Vote and the grand finale confession coming three years after the signing of a Production Sharing Agreement (PSA), when the APNU+AFC administration represented by Minister Raphael Trotman, casually…
Former Petroleum Advisor to the David Granger administration, Dr. Jan Mangal, believes that Government must make available publicly, the field preparation plans submitted for the development of oil fields in Guyana’s Exclusive Economic Zone (EEZ) in the Stabroek Block. Petroleum Specialist and Former Advisor to the David Granger Administration, Dr. jan Mangal Dr. Mangal argues…
I applaud Counsel Sanjay Datadin (KN Dec 15) for his courageous warning of the fear that Guyana could become another Angola.Those of us who studied economics (especially at the post-graduate or doctoral level) would know that Angola (in southern Africa) is a typical illustration of the oil curse (having enormous natural resources and wealth, but…
International lawyer and environmental activist Melinda Janki has called on members of the United Nations to request Guyana to halt all oil activities until human rights are protected. The Director of the Justice Institute Guyana (JIG) has also requested that the special rapporteur on Human Rights and the Environment be invited to make a visit…
Jan Mangal, oil and gas consultant and former petroleum advisor to the president of Guyana:“Guyana is an opportunity for the oil industry to prove to the world that it does not have to be exploitative and predatory when operating in weak or fragile countries. The size of the initial spike in growth due to oil revenue…
Exxon will obtain 63.75% of the Profit Share after tax payments are made by the Guyana Government, when applying Guyana’s current tax rate of 27.5% for Non-commercial Companies. Exxon is used in this article to represent Esso Exploration & Production Guyana Limited, CNOOC Nexen Petroleum Guyana Limited and Hess Guyana Exploration Limited. Clearly from sections…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 80 – December 6, 2019 Introduction Last week’s column gave a brief overview of the Third Draft of Government’s Local Content Policy which was released to the bemused public by Dr. Mark Bynoe, Director, Department of Energy part of the super Ministry of…
There are many tricks the salesman has studied to close a lucrative deal. These range from projecting a sense of authority; playing the reciprocation game; and creating a sense of urgency. In the negotiations with the oil companies, we have fallen prey to these social psychology tricks. We need to recognise these tricks to avoid…
