Chris Ram's Articles

Landmark Legal Challenge: Glenn Lall Takes on Guyana’s Petroleum Agreement Tax Provisions

Every Man, Woman and Child Must Become Oil-Minded (Part 96) January 21, 2022 Businessman and Newspaper Publisher Mr. Glenn Lall has filed an action in the Guyana High Court challenging key provisions of the 2016 Petroleum Agreement between the Government of Guyana and Esso Exploration and Production Guyana Limited, CNOOC Petroleum Guyana Limited and HESS…

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Chris Ram's Articles

Examining the Financial Landscape: Unveiling the Balance Sheets of Guyana’s Oil Contractors

This Article was Published on July 2, 2021 This final column of this mini-series examining the financial statements of the three Contractors under the 2016 Petroleum Agreement, reviews their balance sheets, sometimes referred to as statement of affairs, as at December 31, 2020. The Table below is designed in a similar fashion as the summary…

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Chris Ram's Articles

Unraveling Ambiguities: Assessing Transparency and Fiscal Clarity in Guyana’s Oil Sector Financial Statements

Oil and Gas Column # 91 – June 25, 2021 Every man, woman and child must become oil minded Introduction Each of the past three columns (#’s 88 – 90) reviewed the financial statements of one of the three oil companies which signed the 2016 Petroleum Agreement with the Coalition Government of President Granger. Today’s…

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Chris Ram's Articles

Sifting Through Financial Transparency: A Closer Look at CNOOC’s Performance in Guyana’s Oil Sector

Every Man, Woman and Child in Guyana Must Become Oil-Minded This was Published on June 21, 2021 Introduction This column which last appeared on April 17, 2020, is returning for a short series. It will feature the 2020 financial performance of the three companies which signed a petroleum agreement with the Government of Guyana for…

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Chris Ram's Articles

Government to pay $5,391 million Corporation Tax for oil companies reporting after tax profits of $16,175 million.

 Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 89 – June 18, 2021 Introduction This second part of a mini-series on the three oil companies which operate the Liza 1 project under the Stabroek Block reviews the 2020 financial statements of the Guyana branch of Hess Guyana Exploration Limited (Hess). For…

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