Thank you for securing information from NRG Holdings Ltd. (SN 19 July 2022, ‘Extensive consultations’ held with fisherfolk prior to Demerara dredging activities – NRG Holdings). I wonder if the sheer amount of mud to be dredged and dumped onto their traditional fishing grounds was explained by the company during the focus group meetings and…
I have not noticed any comments in the local Press on MARAD Notice to Mariners number 113 (2022) dated June 28, 2022. This Notice defines a sea area of 119 square kilometres offshore from Plantation Best where the biggest of the oil field shore bases is being constructed, which will be deep-dredged up to the end…
Dr. Tulsi Dyal Singh writes: I spoke about the flaws in the PSA at length at my Moray House talk three years ago. In fact, I tried to console the audience with a riff based on that old primary school poem, “If”. (SN July 5th). I don’t know what Dr. Tulsi Dyal Singh said about…
By Stabroek News July 5, 2022 Dear Editor, I refer to a letter published in the July 3, 2022 Sunday Stabroek, captioned, ‘Depending on the amount of wells explored Guyana’s 14.5% take will increase at some point in the future’, and I would like to make a few observations. First, the writer states that, ’… Guyana’s…
I attended the Esso Exploration and Production Guyana Limited (EEPGL) public scoping presentation on the Uaru project 5.00-7.15 pm on Monday May 23, 2022, at the Umana Yana, Georgetown, Guyana. The only positive things I can say are that the presentation by EEPGL’s new man, Anthony Johnson, was clear, readable and concise, and the presenters…
By Stabroek News July 1, 2022 Dear Editor, Recently, I read a report prepared by SPHEREX Analytics, an accounting firm that produced the 2020 and 2021 financial statements for Esso Exploration and Production Guyana Limited (EEPGL). In the report, it is claimed that, ‘… Guyana’s share in profit and royalty is greater than the net…
Now we have the Senior Finance Minister asserting at the Guyana Anti-Corruption Framework training workshop, organized by the Ministry of Governance, that he firmly believes transparency and accountability are crucial in the fight against corruption. He is following the lead of his President, who always maintains their government is transparent. Well, let them tell their…
In my opinion, this contract should be considered null and void for the following interim reasons:1) This contract was not made in good faith, good intention, is biased and is not consistent with minimum international contracting requirements, practice, guidelines, procedures and laws.2) This contract is a production sharing contract/royalty (PSA), where Guyana is technically a…
The Executive branch of government and the GRA, a government agency, have finally decided to come clean on some very important provisions on the Oil Contract. They are at once revealing – and they are outrageous frauds and violations of all standards of decency.How well known is the Pay-on-Behalf concept in Oil Contracts – as…
Recent discussions surrounding the cost recovery provision in the oil contract and the possible renegotiation served as motivation for this column. I intend to clarify and reemphasise several points I made on these topics in previous columns. Over the years, I have examined various topics which are still relevant to present deliberations. These include the…
