Opinion
Public release of Liza field plans is to ensure contractors like SBM & Exxon ‘don’t cut corners ‘
Former Petroleum Advisor to the David Granger administration, Dr. Jan Mangal, believes that Government must make available publicly, the field preparation plans submitted for the development of oil fields in Guyana’s Exclusive Economic Zone (EEZ) in the Stabroek Block. Petroleum Specialist and Former Advisor to the David Granger Administration, Dr. jan Mangal Dr. Mangal argues…
Datadin applauded for warning Guyanese about the oil curse
I applaud Counsel Sanjay Datadin (KN Dec 15) for his courageous warning of the fear that Guyana could become another Angola.Those of us who studied economics (especially at the post-graduate or doctoral level) would know that Angola (in southern Africa) is a typical illustration of the oil curse (having enormous natural resources and wealth, but…
Janki urges UN members to request halt to Guyana oil activities until ‘human rights protected’
International lawyer and environmental activist Melinda Janki has called on members of the United Nations to request Guyana to halt all oil activities until human rights are protected. The Director of the Justice Institute Guyana (JIG) has also requested that the special rapporteur on Human Rights and the Environment be invited to make a visit…
Guyana Oil & Gas – Contribution to The Inter-American Dialogue
Jan Mangal, oil and gas consultant and former petroleum advisor to the president of Guyana:“Guyana is an opportunity for the oil industry to prove to the world that it does not have to be exploitative and predatory when operating in weak or fragile countries. The size of the initial spike in growth due to oil revenue…
Stabroek Block Petroleum Sharing Agreement Profit Share after Tax Adjustments is GoG 36.25% – Exxon and Partners 63.75%
Exxon will obtain 63.75% of the Profit Share after tax payments are made by the Guyana Government, when applying Guyana’s current tax rate of 27.5% for Non-commercial Companies. Exxon is used in this article to represent Esso Exploration & Production Guyana Limited, CNOOC Nexen Petroleum Guyana Limited and Hess Guyana Exploration Limited. Clearly from sections…
Local Content in two words – First Consideration (Part 2)
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 80 – December 6, 2019 Introduction Last week’s column gave a brief overview of the Third Draft of Government’s Local Content Policy which was released to the bemused public by Dr. Mark Bynoe, Director, Department of Energy part of the super Ministry of…
We need to learn from our mistakes before approving any more oil projects
There are many tricks the salesman has studied to close a lucrative deal. These range from projecting a sense of authority; playing the reciprocation game; and creating a sense of urgency. In the negotiations with the oil companies, we have fallen prey to these social psychology tricks. We need to recognise these tricks to avoid…
Local Content in two words – First Consideration
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 79 – November 29, 2019 Introduction The word is now out that long before the earlier planned date of First Oil, Guyana will witness the historic pouring of the first barrel of crude oil catapulting the small country of barely three-quarter million persons…