Opinion
Summon the courage to demand renegotiation of a very lopsided oil contract
‘Exxon and Chevron Report Record Profits on High Oil and Gas Prices – The energy industry’s windfall has followed a spike in prices, resulting mostly from Russia’s invasion of Ukraine, and a global economy rebounding from the coronavirus pandemic.’ This is a front page story today in NYT. It is amazing SN updated and printed…
Talk: Pipeline Asset Integrity on Tuesday at July 26th from 7pm to 8pm
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Dumping mud on our livelihoods to enrich Exxon and partners
I am responding to your article ‘EPA says impact study needed of new proposed Exxon drilling programme in Stabroek Block – cites possible cumulative effect’ (SN 18 July 2022). In this article you state, “`With respect to fishery operations there are no impacts that are anticipated due to the distance of the project location and…
GUYANA RACES AGAINST THE CLOCK TO BANK ITS OIL BONANZA
“Guyana races against the clock to bank its oil bonanza”, is the title of an article by Reuters, published on Yahoo online news (July 18th). The author, Sabrina Valle had a face-to-face interview with Mr Jagdeo in which he said the following (to paraphrase): Mr Jagdeo argued that calls to halt the developments for the…
Saving extra oil income now will not be inflationary
By Stabroek News July 17, 2022 Dear Editor, In a recent article it was reported that Vice President Jagdeo stated, among other things, that a larger share of its oil revenues sooner, would not benefit the country. In fact, if it comes in, he said, “…we can’t spend it all… (positing that) …it comes inflationary.” Certainly,…
Enormous amount of mud will be dumped on the Demerara fishing grounds
Thank you for securing information from NRG Holdings Ltd. (SN 19 July 2022, ‘Extensive consultations’ held with fisherfolk prior to Demerara dredging activities – NRG Holdings). I wonder if the sheer amount of mud to be dredged and dumped onto their traditional fishing grounds was explained by the company during the focus group meetings and…
Why is there no EIA for the dredging of the Demerara Ship Channel?
I have not noticed any comments in the local Press on MARAD Notice to Mariners number 113 (2022) dated June 28, 2022. This Notice defines a sea area of 119 square kilometres offshore from Plantation Best where the biggest of the oil field shore bases is being constructed, which will be deep-dredged up to the end…
EEPGL ignores tax provisions of 2016 Agreement in its 2021 financial statements
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 100 – July 8, 2022 Introduction By a strange coincidence, this 100th. column features the 2021 financial statements of Esso Exploration and Production Limited, the designated Operator and holder of a 45% interest in the Stabroek Block under the 2016 Petroleum Agreement. Esso…
Deep dredging offshore, across traditional fishing grounds
As usual there has been no comment in the local Press on MARAD Notice to Mariners number 113 (2022) dated June 28, 2022. This Notice defines a sea area of 119 square kilometres offshore from Plantation Best where the biggest of the oil field shore bases is being constructed, which will be deep-dredged up to…
Demand re-negotiation to fix contract flaws
Dr. Tulsi Dyal Singh writes: I spoke about the flaws in the PSA at length at my Moray House talk three years ago. In fact, I tried to console the audience with a riff based on that old primary school poem, “If”. (SN July 5th). I don’t know what Dr. Tulsi Dyal Singh said about…