Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 143 The world continues to process the stunning outcome of Tuesday’s U.S. presidential election, with Donald Trump’s unexpected return to power sending shockwaves through global markets. While the political implications are far-reaching, the focus of this column is an examination of what Trump’s…
It is disturbing that an Ambassador to two major international blocs presents himself merely as a “citizen” while making flawed interpretations of fiscal legislation involving billions in taxpayers’ dollars. While Mr Sasenarine Singh, Guyana’s Ambassador to the European Union and the Organisation of African, Caribbean and Pacific States, can express opinions about the Vice President’s…
My empathy is with the residents of Crane who are currently suffering from the effects of ‘some form of hydroxide’ the source/origin of which is unknown. The Environmental Protection Agency (EPA) has released that the chemical is ‘some form of hydroxide’. It is hoped that they along with all others engaged will do a thorough…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 142 Introduction The response to Ram & McRae’s recent survey on the 2016 Petroleum Agreement was revealing, particularly Vice President Bharrat Jagdeo’s immediate dismissal of its findings and his attempt to shut down any discussion of a referendum. His reaction betrays a troubling…
Reference is made to my letter published in Kaieteur News on October 22, 2024 and captioned ‘Measuring oil profits in Liza One’. In response, Mr. Dominic Gaskin in his letter published in Stabroek News on Oct. 23, 2024 disagreed with some of the points I made in my letter, as identified above. Permit me, Editor,…
OGGN – Oil and Gas Governance Network (www.oggn.org/about) – does not agree with the letter ‘Exxon disappointed with KN headline’ in KN, October 22, 2024. Vice President Phil Rietema of EMGL wrote ‘… our ability to optimize all aspects of our Guyana operations to drive greater efficiencies and ensure we continue to deliver projects on time and…
On Friday, October 18th, Professor Janette Bulkan published a letter in the Stabroek News titled, `These wild presidential and DPI exaggerations, minus verifiable sources, ought to seriously be fact-checked by Stabroek News’. In the letter, the professor questioned how there could be 18,000 Guyanese working on the offshore oil rigs, as stated by President Irfaan…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 141 – October 19, 2024 Introduction The results of a recent survey on the 2016 Petroleum Agreement with ExxonMobil and partners reveal overwhelming public support for renegotiation, with serious concerns about key provisions of the Agreement. The survey, conducted by Ram & McRae…
With your permission, permit me to explain how total revenue, total cost, and profits are identified in the Guyana oil business, and in particular Liza One. In this regard, knowing the selling price (P) and the average total cost (ATC) of a barrel of oil signals the first decision point of any investment. The average…
