Opinion
Kaieteur Block PSA
On Tuesday December 1st, 2020, it was reported in the Kaieteur News that VP Jagdeo made the statement, “… We made it clear that when they come for a production sharing agreement for the Kaieteur Block, (it would not have the same loopholes as those which exist in the Stabroek agreement). It would be a very…
Exxon should be asked to improve some of the terms of the contract
The word “Re-negotiation” as in “Re-negotiation of the Oil Contract” seems to be a loaded word. So, avoid using that dreaded word. Ask the oil company for a sit-down meeting and say simply, “Can we improve some of the terms of the Contract? Editor, I have read a letter in yesterday’s SN by Darsh Khusial,…
Getting Exxon to give unlimited insurance is key sign that renegotiation is possible – Oil & Gas body
Kaieteur News – The Oil & Gas Governance Network (OGGN) stands firm that ExxonMobil’s Stabroek Block agreement is renegotiable, and that former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams proved this during his stewardship in the post.In October last year, Dr. Adams had told Kaieteur News how he had ensured that the…
Precedent exists for renegotiation of Exxon deal, gov’t has to act
Has the Government inquired with Exxon about improving the financial terms of the Stabroek Block oil contract? The Guyana Environmental Protection Agency (EPA) was recently able to push back on the oil companies to improve the Stabroek Block agreement which was originally signed in 2016. Those improvements have centred around protecting Guyana from the devastation…
Oil governance advocates challenge World Bank to prove Guyana’s gas project will not end up like Ghana’s
The World Bank, Guyana’s development partner of many years, is being challenged to prove that Guyana’s gas-to-shore project will not fall to the same fate as Ghana’s project. The African nation’s Sankofa field gas project, endorsed and partly financed by the Bank, has trapped Ghana in a deal which forces it to pay hundreds of…
Firing of Dr Adams suggests dark motives, gov’t must explain
I call on the government to issue a comprehensive statement explaining the reasons for the dismissal of the EPA chief Vincent Adams. I have read Dr Adams’ record of service with the US govt. – there can hardly be another Guyanese with his expertise and directly relevant Oil & Gas experience. His summary firing suggests…
Govt. needs to tell the truth about oil deal pitfalls
International lawyer and transparency advocate, Melinda Janki is of the firm conviction that it is high time the government desists from selling the citizenry false dreams and hopes about the oil wealth. Instead, the attorney categorically states that it must inform the citizens of the truth, which is, that the Guyana-ExxonMobil deal is fraught with…
Change in US administration has potential to improve Guyana’s negotiating strength versus oil companies
This letter includes my commentary to The Dialogue (https://www.thedialogue.org/energy-advisor/) on the current state of Guyana’s oil industry (published on 27-Nov-2020). The questions concerned oil production, impact of low oil prices, future oil development, and how the new PPP government is managing the industry. My response: “Only Liza 1 has reached production, yet ExxonMobil’s operations made…
ExxonMobil’s behaviour in Guyana is an attempt at colonisation – Int’l Lawyer, Melinda Janki
International Lawyer, Melinda Janki believes that ExxonMobil’s relationship with Guyana amounts to an attempt at colonisationSpeaking to anti-colonialist Kingston University Professor, Andy Higginbottom, during an online forum, Janki said last month that “the main point of colonization is to take a country’s resources and to pay little or nothing. The colonizing entity co-opts the political…