December 20th marked the one-year anniversary of oil being lifted from Guyana’s ocean floor. Who has benefitted the most from our oil? Is it the people of Guyana or the oil companies? Certainly, there doesn’t appear to be any significant oil benefits to the more than 30 percent of Guyanese living on US$2 a day….
The 2016 Stabroek Block oil contract between the oil companies and the Government of Guyana violates many of Guyana’s laws compared to the original 1999 contract, according to local legal experts. The Government seems content to ignore our own national laws. None of the violations in this oil contract have been challenged in court as…
Former Presidents Jagdeo and Ramotar are not paying attention. Solar energy is far cheaper than the US$400-800M gas to shore project. I have already made this public without refutation. Last year the Guyana Energy Agency (GEA) asked me for a conversation in August 2020 after I again publicly advised the PPP/C government to give up…
From Dr. Tulsi Singh’s letter (SN March 2), I take this quote: “Numbers released by VP Jagdeo three weeks ago revealed that Guyana received US$184.9 Million in profit and US$21.2 Million in royalty. Since royalty is calculated at 2% of sales, then sales were US$1,060 Million. So, Guyana’s profit as a percentage of sales was…
From: https://www.kaieteurnewsonline.com/2021/03/03/oil-advocacy-group-banking-on-oil-reports-for-independent-analysis/ The Oil & Gas Governance Network (OGGN) awaits the publication of oil reports dating back to the beginning of oil production. Vice President, Dr. Bharrat Jagdeo, had committed during a February 9 press conference that the government would make the reports available to the press. Three weeks later, the press does not have…
I refer to Dr. Tulsi Singh’s letter titled, “Guyana will receive a lot of oil revenues in the next 20 to 25 years” (SN March 1st). If a country’s budget is $US 1.5 billion and you receive rentier income of 1 billion dollars, yes of course that’s a lot of money for a nation of…
I refer to your news article titled: “Opposition offers support to gov’t in facing down ExxonMobil” (SN Feb. 27th) and wish to comment as follow: What credibility does this former Minister David Patterson have? He stated that the 2016 Oil Contract was vastly improved over the 1999 Contract. This is ridiculous. The 2016 Contract was…
“Wildly uneven and unfair.” Those were the statements used recently by the United Nations boss. He wasn’t talking about Guyana’s Stabroek oil contract but COVID vaccine distribution. He cited that over 130 countries have not had a single dose of the vaccine, whereas 10 countries have administered 75% of all vaccinations. One of the main…
We were confident you would support the Transparency Institute Guyana Inc’s (TIGI) call for open governance in any investment in a gas pipeline from our offshore oil and gas fields. However, we should like to declare that our call for open governance is not only in this matter. Open governance is always required. In fact,…
I am pleased that Farfan & Mendes Limited and SOVENTIX Caribbean S.R.L have signed a deal with the Guyana Energy Agency (GEA) for the engineering, procurement, construction, installation and commissioning of solar photovoltaic (PV) power plants including Battery Energy Storage Systems for the hinterland at Bartica and Lethem for US$2 per watt. Despite asking, I…
