Opinion
Oil, Ethnic Conflict, and Necessary and Sufficient Reforms
ExxonMobil and its affiliates hit the jackpot in their offshore oil exploration with the Liza-1 well discovery in the Stabroek Block in Guyana in May 2015. Multiple oil discoveries since then have unleashed the business optimism of onshore service providers and elicited significant excitement amongst the Guyanese public. Now boasting some of the highest per capita proven…
If we reduce our oil production we will save significantly more than donation from Exxon
ExxonMobil’s donations to support COVID-19 programmes in Guyana appear to be the first donation of its kind outside America. The oil major has operations in more populous countries like Brazil (210 million people) and Mozambique (30 million people) but has not made any public announcements of donations to those countries. Yes, it signals our oil…
Investigate all World Bank funded projects –Int’l Lawyer, Melinda Janki
International Lawyer, Melinda Janki, has called on the President of the World Bank, Mr. David Malpass, to immediately investigate all contracts that fall under the US$20M Guyana Petroleum Resource Governance and Management Project. International Attorney-at-Law, Melinda Janki Her appeal to the World Bank President is premised on the fact that at least two ExxonMobil linked…
Guyana needs protection from having to sell oil at a loss
Many of the world’s oil producers have recently agreed to cut back oil production by 10 million barrels a day. The world is in quarantine mode. Demand for oil has dropped significantly. If demand drops and supply stays the same, then the law of demand and supply would tell us the price of a commodity…
Exxon has bet its future on Guyana but has turned a blind eye in the time of our greatest need
Over the last few weeks, Exxon has been busy reassuring its shareholders they will receive their dividend cheques and donating meals and cash to those in need in New Mexico and Texas. This signals where Exxon’s priorities lie, in terms of those who benefit from the profits of its operations, and it is clearly not…
Country needs legitimate, proactive gov’t to protect the people from coronavirus
The Coalition has been plying a narrative, over the last few years, that we should accept the atrocious oil deal with Exxon because the US would help defend the company and our country against Venezuelan aggression. But it is now hard to contemplate that the coalition believed its own rhetoric. Given its recent defiance of…
GRA cannot accept any Exxon claim for recovery of pre-contract costs without solid legal authority
The Guyana Revenue Authority says it is examining the audit report for US$460M of ‘pre-contract costs.’ Irrespective of any audit by IHS Markit, or anybody else, the Guyanese people are not liable for any ‘pre-contract costs’ unless three conditions are met. One: Clear legal authority. Where was Raphael Trotman’s legal authority to agree to ‘pre-contract…
Guyana would still get US$250-300M from first year of oil if royalty is at fair 15% – Dr. Jan Mangal
Former Petroleum Advisor to the President , Dr. Jan Mangal has said that Guyana would still get a substantial revenue share from oil even when the price is sent crashing, once royalty on every barrel is set at a fair level of 15 percent. He made these and other comments in a recent Facebook post.Initially,…