But ExxonMobil’s EIA leaves much to be desired. According to the source document, ExxonMobil has little or no plans in place to deal with any financial eventuality of an oil spill. Exxon claims that the possibility of an oil spill is not very high. However, it said that there is a 10 percent chance that…
“Do I use it on my shores for myself and own products as opposed to selling it or not? You have to look at harmonizing your oil and gas regime so that your gas pricing and your energy pricing contracts mean something for the people, more than just a foreign investor coming and investing three…
With $2.7 billion in oilfield sales this week, Hess Corp. is making a calculated bet, giving up steady production today to help fund what could be one of the world’s biggest discoveries into the next decade. See more here
There is a mystery unfolding in the U.S. Department of the Interior. Officials there seem to have removed the United States from a singularly successful anti-corruption effort. This has happened largely in secret, aside from a few public statements in legalese that are nearly impossible to parse. At times, bureaucrats in the department have behaved in…
Dear Editor, While visiting the UK, I read that the US had pulled out of the Extractive Industries Transparency Initiative (EITI) which Guyana is now a candidate member of. There are some 51 members. The US presence in the body served as a model against corruption and acted as a pressure for other countries to…
The Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) Steering Committee congratulates the Government and people of Guyana after the country was officially accepted as a member of the Extractive Industries Transparency Initiative (EITI) today at the 38th EITI Board meeting in the Philippines. The EITI is the global gold standard for resource revenue transparency…
Stabroek News’ ‘Politikles’ cartoon, on the heels of its report that Petroleum Advisor to the President Dr Jan Mangal, said “I believe that all contracts should be made public,” adequately sums up the current state of affairs– the Minister of Natural Resources is running from transparency and accountability. Why isn’t the Coalition government listening to…
Anglican clergy, including five bishops, broadcaster Richard Coles and Olivia Graham, call on the church to support the aims of the Paris climate agreement by divesting from fossil fuel companies See more here
Petroleum Advisor to Guyana’s President, Dr. Jan Mangal, says the South American country’s government needs to take firm steps towards “opening the doors” to professionals as part of a policy to attract skills which are badly needed in the emerging oil and gas industry. “The Government really needs to bite the bullet and pay for…
…Petroleum advisor urges citizens Government’s Petroleum Advisor Dr Jan Manga believes that Guyanese need to have realistic expectations of the impending oil-and-gas industry and urged that focus be placed on infrastructural development and investing the revenue from the resource on the citizens. Speaking with reporters Wednesday, Dr Mangal said with news of the oil finds,…
