Opinion
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…
Oil companies should explain US$ billion-dollar anomaly between Liza Phase 1 and 2 before gov’t approves Payara project
The oil companies appear to be pressuring the government to approve the Payara project. Before we proceed with any more approvals, we should clarify mathematical anomalies between Liza Phase 1 and Liza Phase 2 that may save us billions of US dollars; verify the pre-contract costs; hire qualified people and create the institutions/regulations so we…
Hess’ confirmation of payment of US$30 million raises serious red flags for Exxon
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 78 – November 22, 2019 Introduction Mr. John Hess CEO of Hess Corporation disclosed that his company paid US$30 million for a 30% stake in ExxonMobil’s Stabroek Block. This revelation, publicised in the Kaieteur News on November 19, 2019, is sure to have…
Where are the nationalists on oil?
During the anti colonial struggle in the 1950s and 1960s, the political leaders lambasted the (British) imperial powers (colonizers) for exploiting the nation and not paying their fair share in taxes and for not contributing to the development of the colony.The foreigners (the White man) were described as blood suckers, vampires draining the resources of…