Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government Offshore drilling off the coast of Guyana is being seen as the most sought after prospect in the world for oil companies. Analysts predict offshore drilling could provide 350,000 to 400,000 barrels a day by 2026. Three major oil companies preparing to drill off…
The recent dismissals of Professor David Hinds and Mr Lincoln Lewis have not displaced the foremost news event in Guyana, this being the giveaway of Guyana’s oil patrimony. What the terminations have highlighted is how politicians attempt to justify indefensible acts, by using dishonourable, mendacious or facetious statements. The utterings by politicians to logically define…
A local attorney who has extensive experience working with many oil companies is cautioning the current Government against making rash decisions when it comes to the remaining oil blocks offshore Guyana. This attorney, Melinda Janki, has said there should be no auction of the remaining blocks. Janki, who worked as an in-legal counsel for British…
Is there any clause in the ExxonMobil Agreement that is in Guyana’s favour? In the eyes of the fledgling coalition Government, the “generous” two percent royalty and a 50/50 split of profit oil was one. But a closer look by local commentators shows that even this is a poisoned chalice. In his continued analysis of…
ExxonMobil’s Kimberly Brasington, Senior Director, Public & Government Affairs, recently made several comments to the media and at public/private gatherings in Guyana that give the impression to Guyanese of being condescending and pompous. In response to Ms. Brasington remarks to the Guyanese public; I have presented below a few questions for Ms. Brasington to answer….
Over the past few years, the Guyanese economy revealed an economic illness that is tied to the state of the six sisters (rice, sugar, bauxite, gold, seafood, and forestry). There are tremendous external headwinds as the rest of the world pull ahead leaving the Guyanese economy in a sort of no-man’s land. Real GDP growth…
Melinda Janki asks some pertinent questions about the Environmental Impact Assessment (EIA) for ExxonMobil’s Liza Phase 1 project. She identifies ‘data deficiencies’ in the profiling of marine species, compares the EIA to the requirements stipulated in Guyana’s Environmental Protection Act and analyses the oil spill scenarios in the EIA against the benchmark the actual spill…
Quote: “This obnoxious, objectionable and invasive Petroleum Agreement starts and ends with Exxon’s Esso. Guyanese must not be ensnared by Exxon and our politicians who seem to be compromised in Exxon’s tentacles. Guyanese must be made to speak and act for the Guyanese people. Once we have the agreement renegotiated with Exxon; the other Oil…
Warren Buffet: “You cannot produce a baby in one month by getting nine women pregnant.” Agreeing to more oil agreements will not compensate Guyana for the unpatriotic Petroleum Agreement with Exxon, Hess and CNOOC. What we need is to renegotiate the June 27, 2016 Petroleum Contract – posthaste. Thus, the Stabroek News article dated March…
