Opinion
Which Of Guyana’s Oil Blocks Lacks A Production Sharing Agreement?
Attorney General of Guyana, Mohabir Nandlall, is currently on a visit to New York. On July 2nd, he appeared at two meetings – one at Villa Russo to an audience of 60 and second, at Royal Restaurant on Rockaway Blvd. in Queens, NY to an audience of 150. At the Villa Russo meeting, I asked…
Examining the Financial Landscape: Unveiling the Balance Sheets of Guyana’s Oil Contractors
This Article was Published on July 2, 2021 This final column of this mini-series examining the financial statements of the three Contractors under the 2016 Petroleum Agreement, reviews their balance sheets, sometimes referred to as statement of affairs, as at December 31, 2020. The Table below is designed in a similar fashion as the summary…
It’s now 3 months TIGI has asked for oil production data
You do not buy a bottle of water that is not properly full, because you can see through the container. But if you buy a bottle of cooking gas, you cannot see if you are getting value unless the bottle is weighed on a standard scale, or unless you believe the seal has been properly…
Unraveling Ambiguities: Assessing Transparency and Fiscal Clarity in Guyana’s Oil Sector Financial Statements
Oil and Gas Column # 91 – June 25, 2021 Every man, woman and child must become oil minded Introduction Each of the past three columns (#’s 88 – 90) reviewed the financial statements of one of the three oil companies which signed the 2016 Petroleum Agreement with the Coalition Government of President Granger. Today’s…
Esso Exploration and Production Guyana Inc. reports $6.5 billion loss in 2020
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 90 – June 22, 2021 Introduction Esso Exploration and Production Guyana Inc. (Esso), the largest of three partners in the Stabroek Block, with a 45% share under the 2016 Petroleum Agreement, has declared a loss of $6,516 million in 2020. This compares with…
Sifting Through Financial Transparency: A Closer Look at CNOOC’s Performance in Guyana’s Oil Sector
Every Man, Woman and Child in Guyana Must Become Oil-Minded This was Published on June 21, 2021 Introduction This column which last appeared on April 17, 2020, is returning for a short series. It will feature the 2020 financial performance of the three companies which signed a petroleum agreement with the Government of Guyana for…
Guyana letter to Exxon shareholders
https://www.oggn.org/final_guyana-letter-to-exxon-shareholders-with-intl-endorsements_sent-26may2021-to-cure-exxon/ https://www.oggn.org/guyana_cure-exxon_press-release-final-19-june-2021/ https://www.oggn.org/curerecommendations_20210505_fin/
Government to pay $5,391 million Corporation Tax for oil companies reporting after tax profits of $16,175 million.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 89 – June 18, 2021 Introduction This second part of a mini-series on the three oil companies which operate the Liza 1 project under the Stabroek Block reviews the 2020 financial statements of the Guyana branch of Hess Guyana Exploration Limited (Hess). For…