Former presidential advisor on petroleum Jan Mangal has expressed shock that ExxonMobil has flared over 2 billion cubic feet of natural gas offshore and said that he had insisted in 2018 that there be no flaring and that gas be brought to shore for electricity, fertilizer and other uses. Believing that ExxonMobil flared the gas…
ExxonMobil and its affiliates hit the jackpot in their offshore oil exploration with the Liza-1 well discovery in the Stabroek Block in Guyana in May 2015. Multiple oil discoveries since then have unleashed the business optimism of onshore service providers and elicited significant excitement amongst the Guyanese public. Now boasting some of the highest per capita proven…
ExxonMobil’s donations to support COVID-19 programmes in Guyana appear to be the first donation of its kind outside America. The oil major has operations in more populous countries like Brazil (210 million people) and Mozambique (30 million people) but has not made any public announcements of donations to those countries. Yes, it signals our oil…
International Lawyer, Melinda Janki, has called on the President of the World Bank, Mr. David Malpass, to immediately investigate all contracts that fall under the US$20M Guyana Petroleum Resource Governance and Management Project. International Attorney-at-Law, Melinda Janki Her appeal to the World Bank President is premised on the fact that at least two ExxonMobil linked…
Many of the world’s oil producers have recently agreed to cut back oil production by 10 million barrels a day. The world is in quarantine mode. Demand for oil has dropped significantly. If demand drops and supply stays the same, then the law of demand and supply would tell us the price of a commodity…
Over the last few weeks, Exxon has been busy reassuring its shareholders they will receive their dividend cheques and donating meals and cash to those in need in New Mexico and Texas. This signals where Exxon’s priorities lie, in terms of those who benefit from the profits of its operations, and it is clearly not…
The Coalition has been plying a narrative, over the last few years, that we should accept the atrocious oil deal with Exxon because the US would help defend the company and our country against Venezuelan aggression. But it is now hard to contemplate that the coalition believed its own rhetoric. Given its recent defiance of…
The Guyana Revenue Authority says it is examining the audit report for US$460M of ‘pre-contract costs.’ Irrespective of any audit by IHS Markit, or anybody else, the Guyanese people are not liable for any ‘pre-contract costs’ unless three conditions are met. One: Clear legal authority. Where was Raphael Trotman’s legal authority to agree to ‘pre-contract…
