Let’s make a few things clear: Payara Approval has been put on hold to allow for a review of field operations, how to conduct drilling, avoid a well-blowout, etc. It is really an engineering review. Nothing to do with review of the Contract.The Guyanese people want a renegotiation of a few basic issues of the…
We congratulate Dr Irfaan Ali on becoming the 9th Executive President of Guyana. In the history of our nation, this is a transformational moment given our recent discovery of an abundance of energy resources. What he does over the next few years will set the direction of Guyana for decades. We were elated when on…
Dr Vincent Adams, As noted in the press Esso Exploration and Production Guyana Ltd continues to flare more than 15 million cubic feet per day. It had already flared more than 9 billion cubic feet of gas. The flaring is a breach of what we were promised. In 2017, the Minister of Natural Resources said, “We also determined that…
5th June 2020David MalpassPresidentThe World Bank1818 H Street,Washington DC, NW 20433 Dear Mr Malpass,Guyana Petroleum Resources Governance and Management Project (P166730) (Guyana Project)IDA: promoting an increase in greenhouse gas emissions from GuyanaWe are concerned that the Guyana Project contains a fundamental misunderstanding of Guyana’s legal regime. If so, it will lead to an increase in…
Global Witness has revealed that Guyana stands to lose at least US$55 billion from the current 7.9 billion barrels in the Stabroek Block. The major political parties have not indicated that they will renegotiate the atrocious Stabroek oil contract. But the Guyanese people have other choices. Leaders of both the Change Guyana party and the…
Early Saturday morning, Nigel Hinds and a number of his colleagues were in Guyana handing out food to the homeless. We saw several pictures on the world- wide Internet. We find the pictures very moving. But more than that: they capture for us a sense of incompetence and negligence by the Government of Guyana.Given we…
Under Melinda Janki’s letter (SN: 18/08/19), I asked several questions: What royalties are we getting on one million barrels of oil? Is it 250 barrels or 2,000 barrels? Is the royalty assessed on barrels sold? If only 1,000 barrels are sold, does this mean royalty would be assessed and paid on only 1,000 barrels? Mr…
In February 2018, Exxon produced a 20-minute Facebook video in which its stated purpose was to address questions concerning the Oil Contract, Revenues and Taxes. At minute 10, the presenter declaims: Guyana is a frontier country. And, further states that the Guyanese people should be satisfied with the oil contract. Pronouncing Guyana as a “frontier…
Here is an idea that should be given top priority. Guyana needs to build up an entrepreneurial class. Guyana needs to develop a class of Guyana’s Product Brands. (Currently Guyana has only one such brand -15-year-old rum. Europe and North America cannot get enough of Guyana’s rum). Guyana needs a dozen new export products not…
On June 1st, 2018 the Stabroek News published an article discussing a report by Norway’s Rystad Energy. Other Caribbean newspapers have published similar articles. However, there appears to be inconsistencies in the report that need clarification. Here are a few points of concern: It was stated that Rystad is forecasting 600,000 barrels per day (bpd) in…
