Opinion
From Destiny to Prosperity Part 1.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 110 – October 20, 2023 Introduction Today’s column begins the review of Trotman’s book From Destiny to Prosperity – the names of two of the first three Floating Storage and Production Offshore vessels (FPSO) in the petroleum operations conducted by the Contractors in…
The Shell Company
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 109 – October 13, 2023 Introduction It has been several months since column 108. Yet, when I told a friend that I intended to publish approximately eight columns over the next few weeks, his immediate reaction was the question: what will you say…
Oil Shares to Guyana and EMGL
According to a Bank of Guyana Report, the share of Total Revenue that Guyana received for profit oil and royalty between January 2020 and June 2023 is US$2.68 billion. And from this amount, it can be derived that total Revenue (TR) is US$18.47 billion, the total cost recovery is US$13.85 billion, and the share of…
There is a clause in the contract that says renegotiation can be done with the agreement of both parties
There is a clause in the contract that deals with the subject of renegotiation. To paraphrase: it says it can only be done with the agreement of both parties. How does one party (GoG) secure the agreement of the other (Exxon)? Robin Singh (SN, Oct 8th) says you must have “bargaining chips” to induce Exxon…
Dr Vincent Adams appears on The Bubb Report to discuss Oil & Gas in Guyana
The discussion starts a minute 44, see video link here: https://youtu.be/7W5HmFg9LMA?t=2653
Ruling on unlimited flaring defies science – Former EPA Head
…says Exxon given green light to ruthlessly exploit oil at the expense of our environment Kaieteur News – Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams views the recent High Court ruling on the flaring of gas during oil production offshore Guyana as a travesty of justice against the people of Guyana. Flaring…
Chief Judge Rules Without Asking For Information on Emissions!
Alfred Bhulai’ reaction: “The litigants had asked for orders directing the EPA to provide reports on the amount of gas flared, and the toxins released.”I can’t fathom how the CJ allowed this to happen when the applicants were asking for an order to get data. How can they get evidence when the EPA is the…
Exxon obligated to do study showing impacts of oil spill to coasts – Former EPA Head
Kaieteur News – Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams believes that the consultant hired by ExxonMobil Guyana Limited (EMGL) to conduct an Environmental Impact Assessment (EIA) for its sixth project, must inform the nation of the likely devastation to these shores from an oil spill. Dr. Adams, a Petroleum and Environmental…
Is the oil sector contributing to national development proportionate to its size?
Articles by Dr. Tarron Khemraj appearing on his business page in SN 2023/09/24 and SN 2023/09/10 require some comments, since the use of ‘Balances from Abroad’ imply that Commercial Banks have readily available sources of foreign exchange that are liquid balances and can be deployed to make good any foreign exchange ‘shortage’ affecting the Private…
Exxon has engaged in dodgy accounting going all the way back to Shell transaction
Maya Angelou, American literary giant and civil rights activist once said, “When people show you who they are, believe them the first time”. Unfortunately, when Esso showed us who they were from the first decade of this century, we not only did not believe them, but successive governments spinelessly conspired with them to deprive current…