Jan Mangal, former Petroleum Adviser to the President, says ExxonMobil’s Payara oil well development should not be approved until it yields big changes to the much-criticised 2016 deal including a higher royalty rate than the current 2%. Mangal believes that while the company has been adamant that changes cannot be made to the Production Sharing…
So the party is on! Now we spote; but we ain’t gat money? How so? Still, we will have fireworks galore.In the meantime, the sugar workers are on the breadline. How indifferent and uncaring! The government appears to be flummoxed, and myopic, not knowing the next step – checkmate. They have done everything wrong regarding…
Guyana would do well to allow third parties to conduct their own analyses of oil and gas companies’ drilling results, says Petroleum Consultant and Engineer, Paul Nicholas Ramsaywack. Petroleum Consultant & Engineer, Paul Nicholas Ramsaywack This verification, he said, can be done using well logs. They contain detailed records of the finds made by companies…
US States, in their dealings with private oil and gas companies, requires that details of finds be immediately reported to the State. Petroleum Consultant & Engineer, Paul Nicholas Ramsaywack. Guyana should ensure there is a mechanism that requires the same from oil and gas companies it is doing business with.That is the advice of Petroleum…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 82 – January 17, 2020 Today’s column returns to the issue of Local Content Policy which appears either to have been drowned out by the excitement of First Oil or in which interest seems to have ebbed – a pattern since the Local…
As Guyana continues to avoid solving long-standing and ingrained problems, as the political and business elites of all stripes continue to keep the majority suffering and poor, all this forfeiting much value for future generations, I reflect on the last few years as Guyanese achieved first oil and are approaching elections. Below are some of…
I am flabbergasted how casually most Guyanese are lured into the belief that oil is the elixir to all their troubles, and that magically Guyana is going to be transformed into a culture of abundance.Except for a few scholars and jaded oil industry professionals, there seems to me a condition of national willful ignorance and…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 81 – January 3, 2020 Introduction This column should have continued my take on Local Content. I will defer this to a later piece so that I do not miss the very focus on this series: the Road to First Oil. Readers will…
