Approval of Payara project by PPP without trying to renegotiate contract for Stabroek block is a very sad event for Guyana

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…

Read More

The Government has decided to march to the beat of its own drum, ignoring all others, and is rushing to approve the permit for the Payara oil blocks, although they said they would not rush

The major newspapers have warned them. The major newspapers dedicate lots of newspaper space daily to educate the nation about oil. The international group Global Witness of London has warned them. The diaspora group Oil and Gas Governance Network (OGGN) has warned them. The IMF has warned them. The International think-tank Chatham House of London…

Read More

Government’s position that approval of the Payara oil well is not a “make or break” moment may cause Guyana to lose billions

While some of our politicians divide our people by inciting racial riots, Exxon is laughing all the way to the bank, wallowing in enormous profits from the first oil well called Liza 1 in Guyana. Exxon is seeking approval for a new oil well called Payara in the Payara oil block. Despite all the experts…

Read More

All parties can agree to renegotiate Esso petroleum contract

Alastair Routledge, Esso’s latest country manager, has been reported in the press as saying that ExxonMobil cannot renegotiate the Petroleum Agreement because of ‘sanctity of contract.’ That is not correct. Article 31.2 of the Petroleum Agreement says: “This Agreement shall not be amended or modified in any respect except by written agreement entered into by…

Read More

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 into these two blocks

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…

Read More

PPP/C gov’t will be making monumental blunder if it approves Payara without getting better deal

It has been reported that approval of ExxonMobil’s Payara Development Project seems closer to fruition, as Minister of Natural Resources Vickram Bharrat has confirmed that a draft licence is being discussed. Minister Bharrat was previously reported as saying, “Even though the PPP/C government may be desirous of granting the approval for ExxonMobil’s third development project…

Read More

We need strong leadership like that demonstrated by Dr Adams to protect Guyana

A patient with cancer would want an experienced world class oncologist to give the diagnosis and prescribe the treatment. For a life changing event, one wouldn’t fire the oncologist in the middle of their assessment and then seek advice from a replacement with much less qualifications and experience. But it appears the Government of Guyana…

Read More

APNU+AFC approved Liza Phase One permit same day it received Exxon’s 1,500-page environmental impact assessment

One year after rushing to sign the lopsided Stabroek Block Production Sharing Agreement (PSA) with ExxonMobil, the APNU+AFC administration allowed the company’s Liza Phase One permit to be approved on the same day the Environmental Protection Agency (EPA) received the Environmental Impact Assessment (EIA) for the project. Exposing this revelation yesterday was international lawyer, Melinda…

Read More

EPA sued for breaking law to grant permits to oil company

The Environmental Protection Agency (EPA) has been sued over a decision to issue environmental permits to Esso Exploration and Production Guyana Ltd authorizing offshore drilling for 24 years. The lawsuit filed in the Constitutional and Administrative Division of the High Court was brought by Dr. Troy Thomas, a scientist and the former President of Transparency…

Read More