Opinion
17 in Diaspora demand comprehensive review of oil sector
– Resolve discrepancies in pre-contract costs– Probe cost anomalies between Liza 1 & 2– Review taxes paid by Guyana for oil companies– Review unspecified interest rates on oil companies’ loans– Improve weak environmental standards– Regulate amount of oil being produced A group of 17 civil society professionals in the diaspora are calling on President Irfaan…
Why sell in a market crash? Especially, when the resulting proceeds are inaccessible Govt.
The Stabroek Block was described as, “an extraordinary world-class asset” in a recent investor conference call by John Hess. He then goes on to state that, “Nothing competes with it in the industry”. Mr Hess was making his comments during a recent investor call which included analysts from some of the world’s biggest investment banking…
EPA needs to stop granting ExxonMobil permits in absence of critical info on flaring – Int’l Lawyer
International Lawyer, Melinda Janki has expressed alarm that the Environmental Protection Agency (EPA) granted two permits to American oil giant, ExxonMobil even though its Environmental Impact Assessments (EIA) lack critical information on the harmful effects of flaring. [from left] International Lawyer, Melinda Janki and EPA Director, Dr. Vincent AdamsIn those documents which Exxon submitted to…
Petition: HELP US STOP EXXON’S FLARING OF BILLIONS OF CUBIC FEET OF GAS IN GUYANA’S OFFSHORE OILFIELDS
You may share the petition by email by copying this link: http://www.oggn.website/help-us-stop-exxons-flaring-of-gas-in-guyanas-offshore-oilfields/ Flaring is when natural gas is burned off in process of extracting oil. This practice is performed when oil companies are in a rush to extract the more lucrative oil resource. Since starting oil production in December 2019, ExxonMobil’s subsidiary Esso Exploration and…
Guyana broke its own laws to facilitate Exxon’s flaring – Int’l Lawyer
According to the nation’s laws, the Environmental Protection Agency (EPA) is mandated to protect the environment for the benefit of present and future generations through measures designed to prevent pollution. In spite of this, the EPA still granted to ExxonMobil, a permit, the language of which is so ambiguous, that the oil giant is allowed…
Illegitimacy, sanctions attract corrupt business partners in oil sector – transparency advocates
Former Petroleum Advisor to the Granger Administration, Dr. Jan Mangal and University of Houston Instructor, Tom Mitro, are in agreement that an illegitimate government suffering from the imposition of sanctions can easily attract members of the petroleum underworld. These experienced consultants posit that a country in such a weakened state is likely to give almost…
Companies like Rystad Energy want Guyanese to be happy collecting peanuts from ExxonMobil – Dr. Mangal
If there continues to be delays in giving ExxonMobil the green light to begin developing its third project, the Payara in the Stabroek Block, Guyana stands to lose significantly. This picture was painted recently by Rystad Energy, a Norwegian research company. In its latest assessment of Payara, Rystad reminded that once developed, Payara is expected…
All post-election contracts must be rescinded – Former Presidential Advisor
Former Advisor to the President, Dr. Jan Mangal, yesterday said that all contracts made in the four months of post elections have to be rescinded, as they were rushed and were not signed for the benefit of the people. He was, at the time, commenting on a revelation by this newspaper that Minister of Finance…