Opinion
Approval of Payara project by PPP without trying to renegotiate contract for Stabroek block is a very sad event for Guyana
There seems to be some confusion around what was actually approved with Payara in recent days, or what it means. Simply, the approval of the Payara project (or development), which is the third project in the Stabroek Block, is not an oil agreement nor an improvement of an oil agreement, and does not improve the…
Please Sign: We Urge The Guyana Government To Renegotiate All Oil Contracts
Click the link below to sign the petition: https://www.oggn.org/guyana-oil-contracts-need-renegotiation/
Crack the whip on Exxon contract like you did with CJIA project – OGGN urges President Ali
The Oil and Gas Governance Network (OGGN), a pressure group formed to advocate for prudent management of Guyana’s oil sector, is urging the President to renegotiate the Stabroek Block Production Sharing Agreement (PSA) with ExxonMobil, using the same alacrity with which he handled the Cheddi Jagan International Airport (CJIA) renovation a week ago. The project…
The Government has decided to march to the beat of its own drum, ignoring all others, and is rushing to approve the permit for the Payara oil blocks, although they said they would not rush
The major newspapers have warned them. The major newspapers dedicate lots of newspaper space daily to educate the nation about oil. The international group Global Witness of London has warned them. The diaspora group Oil and Gas Governance Network (OGGN) has warned them. The IMF has warned them. The International think-tank Chatham House of London…
Gov’t should begin treating oil costs the same way it handles the budget
On social media, one can find many speeches by members of parliament debating the 2020 budget for Guyana. The budget outlines the allocation of money to the major activities that keep the country running. Issues such as how much will be spent on health care to the amount of dollars pensioners will receive are determined…
Government’s position that approval of the Payara oil well is not a “make or break” moment may cause Guyana to lose billions
While some of our politicians divide our people by inciting racial riots, Exxon is laughing all the way to the bank, wallowing in enormous profits from the first oil well called Liza 1 in Guyana. Exxon is seeking approval for a new oil well called Payara in the Payara oil block. Despite all the experts…
Govt. must be part of cost negotiations for oil developments
In order for Guyana to get as much value as reasonably possible from the extraction of its petroleum resource, the Government must be part of negotiations of costs for the development of its oil fields. This is the urge of the Oil and Gas Governance Network (OGGN). The pressure group, formed to ensure good governance…
All parties can agree to renegotiate Esso petroleum contract
Alastair Routledge, Esso’s latest country manager, has been reported in the press as saying that ExxonMobil cannot renegotiate the Petroleum Agreement because of ‘sanctity of contract.’ That is not correct. Article 31.2 of the Petroleum Agreement says: “This Agreement shall not be amended or modified in any respect except by written agreement entered into by…
Robert Persaud quietly awarded the Canje/Kaieteur oil blocks to non-entities in 2015 days before his party lost the election, and then ExxonMobil quickly bought into these two blocks
People are now saying VP Jagdeo is a sell-out to ExxonMobil. But I disagree, because the PPP leadership forfeited the interests of the poor people of Guyana to ExxonMobil since 2015. Robert Persaud quietly awarded the Canje/Kaieteur oil blocks to non-entities in 2015 days before his party lost the election, and then ExxonMobil quickly bought…
Government must not compromise on review of the oil contract
The four-column headline, “Delays could risk long-term value of Guyana’s oil” in the state-owned paper is wrong-headed. It reads like the work of a clever PR-person, produced and paid for by the oil company. The fact that it is published in the state-owned paper suggests collusion, and worse, a sellout.The arguments made in the article…