Opinion
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…
GRA is not the competent authority to lead all or any Petroleum audits
It would be perfectly understandable if the public is totally confused over the issue of the audit of the expenses claimed by Esso, Hess and CNOOC for the period 1999 – 2017. Various reports in the media suggest that the UK entity contracted to audit the costs reported by the consortium were overstated by US$214…
Faceless growth is now stalking the land
Guyana’s oil economy is now mirroring its lopsided oil contract. The world’s highest growing economy in 2022 is not spreading the fruits of growth evenly across Agriculture, Manufacturing, and Services. Indeed, the rich versus poor is mirrored by oil and non-oil economy – the high growth oil sector registering 90% growth in the value-added income…
Guyana’s reclassification as a high-income country
Recently, the World Bank, using the Gross National Income (GNI) per capita measure, reclassified Guyana as a high-income country. GNI is the sum of all income earned by a country, irrespective of where the income was earned. The justification for this elevation into the highest GNI category is largely based on the impact of foreign…