2019

Darsh Khusial

How is Exxon going to prove its share of the pre-contract costs incurred in Guyana if its automatic ‘file sweep’ programme deleted records dated before August 2015?

News EditorNovember 3, 2019November 4, 201903 mins

Exxon has an automatic ‘file sweep’ programme that has been deleting company records dated before August 2015. And, apparently, no backup exists for the deleted records. Did Exxon’s automatic ‘file sweep’ programme brush away the pre-contract records? Hence, what evidence will Exxon be submitting to prove its portion of the estimated US$900 million pre-contract costs?…

Vishnu Bisram

Local Content in oil industry must be measured in value

News EditorOctober 31, 2019November 4, 201902 mins

There are several news reports that government is preparing the final draft of its local content policy (act or law). There are also several commentaries on the issue. KN has focused extensively on issues pertaining to the oil industry – especially on how the nation is being hoodwinked (cheated and robbed) in broad daylight on…

TIGI Oil

TIGI says international law could protect Guyana from oppressive parts of Exxon deal

News EditorOctober 29, 2019August 24, 202002 mins

The Transparency Institute Guyana Inc (TIGI) is suggesting that international laws could protect Guyana from the most egregious provisions of the oil agreement with an ExxonMobil subsidiary since by contravening domestic law it violates several of the guidelines of the Organisation for Economic Co-operation and Development (OECD). In the ninth installment of a series of…

Darsh Khusial

Exxon’s management accused of cooking the books to deceive shareholders; what about a third party like Guyana?

News EditorOctober 27, 2019November 4, 201902 mins

Exxon is accused of cooking the books. One set of accounting records for shareholders (investors) and another for its management. This may have cost Exxon’s shareholders up to US$1.6 billion in damages. That is the case brought by the New York Office of the Attorney General (NY OAG) and now on trial. Even more concerning…

Gary Girdhari

The Amaila project was “expected to deliver a steady source of clean, renewable energy, and was envisioned to meet approximately 90 per cent of Guyana’s domestic energy…”

News EditorOctober 27, 2019January 15, 202001 mins

Darsh Khusial

Why is it fair for Exxon to pay the US government hundreds of billions of US dollars in taxes on oil profits but none to Guyana?

News EditorOctober 20, 2019October 3, 202002 mins

Taxes are fundamental to developing the Western world’s prestigious institutions and first-class infrastructure. In Canada, heart attack surgery is free. In the US, for a few dollars, you can hop on to a NYC bullet train that rockets you down the tracks to Boston. These services wouldn’t be affordable without the taxes paid by major…

Tameshwar Lilmohan

Case Study: Petroleum Agreement between Guyana and ExxonMobil

News EditorOctober 16, 2019October 27, 201901 mins

Nigel Hinds

Nigel Hinds demonstrates why renegotiation is needed

News EditorOctober 16, 2019January 15, 202001 mins

Vishnu Bisram

Guyana exploited on oil Exploration and Recovery

News EditorOctober 15, 2019October 16, 201902 mins

There are countless flaws in the oil contracts between Guyana and the multinational companies. Guyana has been shafted (exploited or get very little) in the contracts with oil companies as reported so many times in KN.It is reported in KN and the international media that oil companies have paid Brazil some US$2.2 billion for rights…

Tarron Khemraj

Oil is having an impact on Guyana’s exchange rate

News EditorOctober 13, 2019October 16, 201903 mins

I have written over ten columns on the foreign exchange (FX) market since 2009. These essays are direct in the sense that they address explicitly the question of what is determining the exchange rate and the quantity traded in the local market. In 2017, I wrote a six-part series to address some of the issues…

Trump’s victory a reality check for Guyana

The cited provisions of the FMAA do not cover this one-off cash grant

What is EPA’s evacuation plan and/or advice when citizens suffer from hazardous effects of chemicals of unknown origins?

Renegotiations, referendums and reality – response to Ram & McRae’s Survey

Dominic Gaskin has joined with the consortium against Guyana

Is Exxon implying that its engineering skills permits its deep-water oil extraction at speeds in excess of the safe working limits?

How is Exxon going to prove its share of the pre-contract costs incurred in Guyana if its automatic ‘file sweep’ programme deleted records dated before August 2015?

Local Content in oil industry must be measured in value

TIGI says international law could protect Guyana from oppressive parts of Exxon deal

Exxon’s management accused of cooking the books to deceive shareholders; what about a third party like Guyana?

The Amaila project was “expected to deliver a steady source of clean, renewable energy, and was envisioned to meet approximately 90 per cent of Guyana’s domestic energy…”

Why is it fair for Exxon to pay the US government hundreds of billions of US dollars in taxes on oil profits but none to Guyana?

Case Study: Petroleum Agreement between Guyana and ExxonMobil

Nigel Hinds demonstrates why renegotiation is needed

Guyana exploited on oil Exploration and Recovery

Oil is having an impact on Guyana’s exchange rate