Utilising Escazú – Part One

By guest writer, Donald Rodney In April 2021 the Escazú agreement became effective and President Irfaan Ali on the occasion said, “Guyana as a signatory to the ‘Agreement’ hereby endorses the right of access to environmental information. It welcomes public participation in the environmental decision-making process. It supports access to justice in environmental matters and…

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Renegotiate contract

Adding new FPSOs which reduces the economic life of the Stabroek Block is a premise for renegotiation of Exxon’s contract

By Stabroek News September 21, 2022        Dear Editor, In a SN article dated 8/15/2022 and captioned, ‘Guyana set to receive 12 lifts of profit oil for 2022 – Ministry’, it is reported ‘…that the expected total production of oil in 2022 is 93.6 million barrels of oil… (from which) …Guyana will get an estimated 12…

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Which Production Sharing Agreements the VP would be flexing muscles to re-negotiate?

There was a recent headline that “VP Jagdeo flexes government’s muscles on future oil sector profit sharing.” According to an August 17 Reuters news report, “the PPP administration has again signaled its intention to move to revise the existing contractual terms that obtain in respect of royalties, as part of a new Production Sharing Agreement…

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The Ministry of Natural Resources should explain where the guaranteed minimum of 50 mmscfd gas is coming from

Could the Ministry of Natural Resources explain where the ‘guaranteed minimum of 50 mmscfd of associated gas’ (Ministry of Natural Resources public notice 25 August 2021) will come from if ExxonMobil has only 4 per cent to spare of the 75 mmscfd of gas after the FPSOs Liza Destiny and Liza Unity and Liza Prosperity are…

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Mr. Jagdeo’s oil revenue “maximisation”, global politics and domestic strife

Vice President Jagdeo recently added some clarity regarding the long-term vision of the PPP/C administration. This clarification came at the Offshore Technology Conference in Houston, Texas. The first vision pertains to the immediate maximising of oil revenues because of the uncertain prospects for fossil fuel in the coming three decades. The second vision has to…

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Outraged at what Senior Environmental Officers said on natural gas

I was outraged when I read the Department of Public Information (DPI) release that the “Gas-to-Energy project, when constructed and operationalised will significantly reduce the emission of harmful gases into the atmosphere, thereby improving Guyana’s status as a good environmental steward.” As a former Chemistry teacher of long standing I cannot remain silent in the…

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