Opinion
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…
Tax certificates for oil companies not yet posted on ministry’s website
We would like to inform the nation that it has been two months since we have requested the information below from the Government. We have received no response so far. Guyana has a review by the Extractive Industries Transparency Initiative (EITI) in October and should be concerned it may get a low grade for transparency…
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…
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…
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…
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…
Some of us will not allow coming generations to be saddled with this Gas-to-Shore debt
In response to questions from journalist Neil Marks on News Room’s Insider, Vice-President Bharrat Jagdeo said the fact that a person does not know about the feasibility studies does not mean that they do not exist. My response is, “Well, sir, please show them to us. And by this we mean a proper feasibility study…
How much did Guyana lose to date by not operationalising the NRF?
A vigorous debate is ongoing regarding the operationalisation of the Natural Resource Fund (NRF). In his last Stabroek News column, Mr Christopher Ram cites legal reasons why the NRF Act is not in operation. He also raises the possibility that the government may not want to operationalise the existing Act since it was passed in…
It’s the same players back at the helm
‘One do not make changes to a winning team’ says the old adage. But something is wrong with Guyana in terms of development. The Gas to Shore project comprises some of the same players who were involved in a string of questionable projects. We can identify the Marriot Hotel, a venture where expenditures are yet…
The oil companies are aware how to monitor and transmit information even if the gov’t doesn’t
On Sunday we read that Vice President Bharrat Jagdeo said that government has nothing to hide and will be transparent in all oil and gas-related matters, and that he has suggested that the Ministry of Natural Resources (MNR) set up a portal for the publishing of real-time information, but that initiative has not been taken…