Opinion
Do Guyanese politicians understand the scale of the oil giveaway?
If you owned one of the nicest houses in an exclusive neighbourhood, would you sell your house for a fraction of what other sellers are receiving? Guyana is receiving significantly less money from its oil production than other countries. But some Guyanese politicians hide behind the porous façade of the sanctity of contract while others…
EEPGL and auditors should explain why total revenue is included in the PSA’s cost function
By Stabroek News October 4, 2022 Dear Editor, In the EEPGL contract, it is specified that Guyana will receive in the Production Sharing Agreement (PSA), 50 percent of the profits, after EEPGL extracts upfront, and without Guyana’s prior review of the cost, 75 percent of the total revenue as cost. This proportional linkage between total…
GECOM should seriously consider adopting electronic voting for any future elections in Guyana
Guyana’s General Elections of March 2, 2020, were marred by irregularities during the vote counting process, which led to a recount supervised by CARICOM. Subsequently, election petitions were filed at the Guyana’s High Court, which still await final resolution. Now have a look at Brazil, our neighbour to the south covering 49% of South America’s…
A gas pipeline in the ocean is a tempting invitation for mischief from rogue states
The circuit breaker box controls the electrical energy in your house. Electronic devices in your house ranging from microwaves to televisions would be reduced to ornaments if the circuit breaker box malfunctions. This critical box is installed in your house, not on your street. You wouldn’t want criminals to easily disable the lights and alarms…
The assets of Esso Guyana will be insufficient to cover the costs of a major oil spill
The assets of Esso Guyana will be insufficient to cover the costs of a major oil spillLast year, Afghanistan bodies were falling off American jets, filled with Americans, as the planes accelerated up into the sky. Those images depict how quickly America will abandon a country that appears financially worthless to it.If we have a…
There is a precedent for renegotiating the 2016 Petroleum Agreement. Time for this Government to show some spine
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 101 – September 16, 2022 More than three years ago, and even before the first barrel of oil was produced, the 2016 Petroleum Agreement signed by Esso Exploration and Production Guyana limited (Esso) and Hess and CNOOC, its Joint Venture partners, concluded its…
Mr. Routledge must sign Parent Company Guarantee as mandated by EPA permits
I follow with daily frustration, the widespread misunderstanding of Full Liability Coverage which is being misconstrued as full liability insurance. There is no such thing as “full liability insurance”, since it is unrealistic for any insurance company to underwrite such a large sum. Thence, it was most painful to watch our Honourable Ministers argue against…
EPA, EAB must stop waiving impact studies for oil and gas facilities
The Open Letter below from fifty-four (54) Guyanese was addressed and delivered by Email and by Hard Copy to Mr Kemraj Parsram, the Executive Director of the EPA and to Mr Omkar Lochan, Chairperson of the EPA Board of Direc-tors; and to Ms Pradeepa Bholanath, EAB Chairperson and EAB Members Dr Garvin Cummings and Mr…
A UNITED GUYANESE PEOPLE CAN FORCE EXXON BACK TO THE NEGOTIATION TABLE
Allan A. Fenty says: ‘Mind you re-negotiation can happen if ever an oil giant knows it will still be reaping whirlwinds of profit on investments. I have some gut feeling that Exxon and its subsidiaries are not such” (SN August 26th). Mr. Fenty’s statement is filled with ambiguity, wishy-washy; very uncharacteristic of him. Do not…
Moon ah run till daylight ketch am
By Stabroek News August 16, 2022 Dear Editor, Please allow me the opportunity to respond to the letter dated August 14, 2022 written by Joel Bhagwandin, Financial Analyst, captioned, “The points raised by Dr. Hunte were discussed more comprehensively in another report.” Having read the Financial Analyst response, I have one comment that is best…