In our last article, we dealt with the miscalculation of the licence area in the contract with Exxon. Prior to that we discussed some history which suggests that the claim that Venezuelan belligerence was the justification for the resort to illegality in the invention of wholesaling of license blocks when no such concept was available,…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 75 – August 30, 2019 Introduction Two weeks ago in Toronto Canada, the organisation Caribbean Council of the Americas (CCA) in a public advertisement invited the Guyanese community and “other interested parties in the greater Toronto area to learn about all and gas…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 74 – August 23, 2019 Introduction A couple of weeks ago Column 73 examined a statement by Dr. Mark Bynoe about the uplift of oil every eight to ten days and of his plans to independently market Guyana’s share of petroleum which we…
The passage of time has seen our oil discoveries exceed six billion barrels. Our commentators, with great zest and zeal, protested the unconscionable contract’s plunder and robbery of our oil resources by ExxonMobil and their minions, with a 2% contract that has now withered down to appeals for Local Content, Ring Fencing, Tax Stabilisation Removals,…
In discussing Guyana’s nightmare oil deal last week, Winston Jordan predicted that Guyana will get “two hundred and something million” US dollars in 2020. He referred yet again to a “2% royalty.” As we all know, the APNU+AFC coalition sometimes has a problem with simple arithmetic and went all the way to the Caribbean Court…
The Caribbean beats of reggae and soca ease into American hip-hop at a roadside bar in Georgetown, Guyana. Outside, teenagers hoot as they whiz past palm trees on mopeds. But for Gavin Singh, a 36-year-old investment banker, this is no time for play or relaxation. “People out there don’t really get it,” he says, pushing…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 73 – August 9, 2019 Introduction It has been a week of headlines in the petroleum sector. First out was Dr. Mark Bynoe who told the Stabroek News about Government’s plans to market its share of crude oil. This was followed by a…
Melinda Janki, an international lawyer, recently criticised the Production Sharing Agreement (PSA) that governs the Stabroek Block. Stabroek PSA lets oil companies take an unquantified amount from Guyana’s revenue – Melinda Janki It is rife with controversy. It has been called illegal by some because of the circumstances under which the concession was granted, and…
On June 21st, 2019, Melinda Janki presented in NYC. She explained why Guyana is NOT getting a Fair Deal for its Oil & Gas. Due to technical difficulties, the audio for the last few minutes were re-recorded.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 72 – August 2, 2019 Introduction Column 71 published last week included a summary table of the Statements of Financial Position (the Balance Sheet) of the three oil companies which will lead Guyana to First Oil projected to take place during the first…
