Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 90 – June 22, 2021 Introduction Esso Exploration and Production Guyana Inc. (Esso), the largest of three partners in the Stabroek Block, with a 45% share under the 2016 Petroleum Agreement, has declared a loss of $6,516 million in 2020. This compares with…
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…
https://www.oggn.org/final_guyana-letter-to-exxon-shareholders-with-intl-endorsements_sent-26may2021-to-cure-exxon/ https://www.oggn.org/guyana_cure-exxon_press-release-final-19-june-2021/ https://www.oggn.org/curerecommendations_20210505_fin/
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…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 87 – June 11, 2021 Introduction With appreciation to the editor-in-chief of Stabroek News, 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…
Distinguished Retired Economics and Business Professor Dr. Ganga Ramdas’ of the Oil and Gas Governance Network (OGGN), asserts that Guyana is losing an approximate US$62 million annually due to Exxon not paying taxes, as other companies do. Many newspapers and commentators such as Guyana icon Christopher Ram have lamented this sad state of affairs of…
Washington, DC — Today, Guyanese citizens filed the first constitutional climate case in the Caribbean to challenge fossil fuel production on the grounds that it exacerbates global warming and threatens human rights. The case, before Guyana’s Constitutional Court, claims that Guyana’s approval of a massive, ExxonMobil-led oil and gas buildout off the country’s coast violates the…
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…
President Biden will host a Leaders Summit on Climate on 22nd and 23rd April. The summit will deal with urgent action to tackle climate change plus the economic benefits of doing so. Prime Minister Gaston Browne of Antigua and Barbuda and Prime Minister Andrew Holness of Jamaica are among the 40 leaders selected to attend….
Our national hero VP said the gas-to-shore project is so obviously right (in his unilateral opinion) that it’s a “no brainer.” How could the rest of us dumb people not see it? No studies, no planning, no consultations needed. Our PPP is like the Mighty Sparrow. If Sparrow says so, is so. In my view,…
