The Oil and Gas Governance Network (OGGN), a pressure group formed to advocate for prudent management of Guyana’s oil sector, is urging the President to renegotiate the Stabroek Block Production Sharing Agreement (PSA) with ExxonMobil, using the same alacrity with which he handled the Cheddi Jagan International Airport (CJIA) renovation a week ago. The project…
The major newspapers have warned them. The major newspapers dedicate lots of newspaper space daily to educate the nation about oil. The international group Global Witness of London has warned them. The diaspora group Oil and Gas Governance Network (OGGN) has warned them. The IMF has warned them. The International think-tank Chatham House of London…
On social media, one can find many speeches by members of parliament debating the 2020 budget for Guyana. The budget outlines the allocation of money to the major activities that keep the country running. Issues such as how much will be spent on health care to the amount of dollars pensioners will receive are determined…
While some of our politicians divide our people by inciting racial riots, Exxon is laughing all the way to the bank, wallowing in enormous profits from the first oil well called Liza 1 in Guyana. Exxon is seeking approval for a new oil well called Payara in the Payara oil block. Despite all the experts…
In order for Guyana to get as much value as reasonably possible from the extraction of its petroleum resource, the Government must be part of negotiations of costs for the development of its oil fields. This is the urge of the Oil and Gas Governance Network (OGGN). The pressure group, formed to ensure good governance…
Alastair Routledge, Esso’s latest country manager, has been reported in the press as saying that ExxonMobil cannot renegotiate the Petroleum Agreement because of ‘sanctity of contract.’ That is not correct. Article 31.2 of the Petroleum Agreement says: “This Agreement shall not be amended or modified in any respect except by written agreement entered into by…
People are now saying VP Jagdeo is a sell-out to ExxonMobil. But I disagree, because the PPP leadership forfeited the interests of the poor people of Guyana to ExxonMobil since 2015. Robert Persaud quietly awarded the Canje/Kaieteur oil blocks to non-entities in 2015 days before his party lost the election, and then ExxonMobil quickly bought…
The four-column headline, “Delays could risk long-term value of Guyana’s oil” in the state-owned paper is wrong-headed. It reads like the work of a clever PR-person, produced and paid for by the oil company. The fact that it is published in the state-owned paper suggests collusion, and worse, a sellout.The arguments made in the article…
It has been reported that approval of ExxonMobil’s Payara Development Project seems closer to fruition, as Minister of Natural Resources Vickram Bharrat has confirmed that a draft licence is being discussed. Minister Bharrat was previously reported as saying, “Even though the PPP/C government may be desirous of granting the approval for ExxonMobil’s third development project…
Both distinguished lawyers appeared on the Charles Sugrim Globespan show on Monday night (August 31st), and fielded a question from Dr. Jerry Jailall: “Are you for Renegotiation of the Oil Contract?”Attorney Timothy Jonas’ gave a very nuanced answer. He said, “if you have a citation where I said I am against, send it to me”….
