December 2020
Pumping more oil may not be the best strategy for Guyana
On the subject of constraining production and implementing a depletion strategy, and the possibility of a reduction in oil prices due to changing global energy demand. I share elements of a previously published article which is still of relevance today. A friend made a comment after viewing an online interview with me in June 2019….
Guyana might get a little money now from oil but massive debt waits on the horizon – says Int’l Lawyer
Local politicians are constantly professing that Guyana will receive millions of dollars in revenue from the oil sector for years to come. While it is true that the country stands to get “a little money” now and in the near future, massive debt waits on the horizon says international lawyer and transparency advocate, Melinda Janki.In…
Kaieteur Block PSA
On Tuesday December 1st, 2020, it was reported in the Kaieteur News that VP Jagdeo made the statement, “… We made it clear that when they come for a production sharing agreement for the Kaieteur Block, (it would not have the same loopholes as those which exist in the Stabroek agreement). It would be a very…
Exxon should be asked to improve some of the terms of the contract
The word “Re-negotiation” as in “Re-negotiation of the Oil Contract” seems to be a loaded word. So, avoid using that dreaded word. Ask the oil company for a sit-down meeting and say simply, “Can we improve some of the terms of the Contract? Editor, I have read a letter in yesterday’s SN by Darsh Khusial,…
Getting Exxon to give unlimited insurance is key sign that renegotiation is possible – Oil & Gas body
Kaieteur News – The Oil & Gas Governance Network (OGGN) stands firm that ExxonMobil’s Stabroek Block agreement is renegotiable, and that former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams proved this during his stewardship in the post.In October last year, Dr. Adams had told Kaieteur News how he had ensured that the…
Precedent exists for renegotiation of Exxon deal, gov’t has to act
Has the Government inquired with Exxon about improving the financial terms of the Stabroek Block oil contract? The Guyana Environmental Protection Agency (EPA) was recently able to push back on the oil companies to improve the Stabroek Block agreement which was originally signed in 2016. Those improvements have centred around protecting Guyana from the devastation…
Oil governance advocates challenge World Bank to prove Guyana’s gas project will not end up like Ghana’s
The World Bank, Guyana’s development partner of many years, is being challenged to prove that Guyana’s gas-to-shore project will not fall to the same fate as Ghana’s project. The African nation’s Sankofa field gas project, endorsed and partly financed by the Bank, has trapped Ghana in a deal which forces it to pay hundreds of…
Firing of Dr Adams suggests dark motives, gov’t must explain
I call on the government to issue a comprehensive statement explaining the reasons for the dismissal of the EPA chief Vincent Adams. I have read Dr Adams’ record of service with the US govt. – there can hardly be another Guyanese with his expertise and directly relevant Oil & Gas experience. His summary firing suggests…