Chris Ram
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 140 President Irfaan Ali enjoys his encounters with international journalists, including BBC’s Steve Sackur and more recently New York Times’ International Climate Correspondent, Somini Sengupta. While the President has ably navigated the questions posed to him, he has benefitted from some important questions…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 138 – September 28, 2024 After years of dithering and delays, the People’s National Congress Reform (PNC-R) recently unveiled a 20-point plan – more a statement of intent – for managing Guyana’s fast-moving oil and gas sector. This plan, coming eight years after…
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Last week I called out the political leaders for their timidity and dishonesty for hiding behind “sanctity of contract”. Someone pointed out that I seem to have spared Shuman’s Liberty and Justice Party and the United Force (if it exists). That was an oversight. The response to last week’s column was silence from the political…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 136 Over the past three weeks, this Column has shown how the PPP/C has reversed its pre-election promise to review and renegotiate the 2016 Petroleum Agreement. But it actually did worse – reversed its commitment to an independent Petroleum Commission, failed to provide…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 135 This is the final part of an adaptation of a talk I gave last July at a forum sponsored by the US NGO Oil and Gas Guyana Network (OGGN). The thrust of my contribution was that the Government’s excuse for reneging on…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 133 Introduction This column is an adaptation of a presentation I made at an OGGN sponsored activity in New York last July 27. OGGN is a US registered NGO with its membership drawn from the Guyanese Diaspora in North America, Europe and the…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 132 Modest investment, gargantuan returns Last week’s column completed the review of the published financial statements of the three companies which signed the 2016 Agreement for the Stabroek Block. Table 1 is a summary of the Income Statements (Profit and Loss Accounts) of…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131 Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”. CNOOC, like its other two partners, is a branch of a company incorporated outside of Guyana…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 130 – June 14, 2024 Exxon’s incredible (and unique) return on Equity Introduction This week’s column features the financial statements of the Guyana branch of ExxonMobil Guyana Limited, a 45% stakeholder, and the designated Operator, in the Stabroek Block. In what was a…
