Kaieteur News – Former Presidential Advisor on Petroleum, Dr. Jan Mangal, said that representatives from Chatham House and the World Bank told him it was a bad idea to publish the contracts Guyana signed with international oil companies (IOCs) for the rights to operate their respective blocks. The comment is included in a public LinkedIn…
On the subject of constraining production and implementing a depletion strategy, and the possibility of a reduction in oil prices due to changing global energy demand. I share elements of a previously published article which is still of relevance today. A friend made a comment after viewing an online interview with me in June 2019….
This letter includes my commentary to The Dialogue (https://www.thedialogue.org/energy-advisor/) on the current state of Guyana’s oil industry (published on 27-Nov-2020). The questions concerned oil production, impact of low oil prices, future oil development, and how the new PPP government is managing the industry. My response: “Only Liza 1 has reached production, yet ExxonMobil’s operations made…
There seems to be some confusion around what was actually approved with Payara in recent days, or what it means. Simply, the approval of the Payara project (or development), which is the third project in the Stabroek Block, is not an oil agreement nor an improvement of an oil agreement, and does not improve the…
People are now saying VP Jagdeo is a sell-out to ExxonMobil. But I disagree, because the PPP leadership forfeited the interests of the poor people of Guyana to ExxonMobil since 2015. Robert Persaud quietly awarded the Canje/Kaieteur oil blocks to non-entities in 2015 days before his party lost the election, and then ExxonMobil quickly bought…
Former Petroleum Advisor to the Granger Administration, Dr. Jan Mangal and University of Houston Instructor, Tom Mitro, are in agreement that an illegitimate government suffering from the imposition of sanctions can easily attract members of the petroleum underworld. These experienced consultants posit that a country in such a weakened state is likely to give almost…
If there continues to be delays in giving ExxonMobil the green light to begin developing its third project, the Payara in the Stabroek Block, Guyana stands to lose significantly. This picture was painted recently by Rystad Energy, a Norwegian research company. In its latest assessment of Payara, Rystad reminded that once developed, Payara is expected…
Former Advisor to the President, Dr. Jan Mangal, yesterday said that all contracts made in the four months of post elections have to be rescinded, as they were rushed and were not signed for the benefit of the people. He was, at the time, commenting on a revelation by this newspaper that Minister of Finance…
Perhaps everything would be easier if people could actually see the oil. If the drilling platforms, the supply boats and the gigantic specialized vessels used to clean and store the oil were anchored just offshore and not way beyond the horizon. Then, perhaps people would better understand the great lengths that oil companies go to…
ExxonMobil’s flaring of over nine billion cubic feet of natural gas could have been avoided had a proposed gas-to-shore pipeline project been implemented but it was stalled because a plan to determine the best location was rejected by government officials as some wanted to handpick a site, former Petroleum Advisor Jan Mangal says. He said…
