Opinion
Guyana Pre-Contract Costs & the need for Precogs
(Click on diagram to enlarge.) From a farcical entrapment of the Government of Guyana into being liable for Pre-Contract Costs, outlined in the chart above; costs that under normal conditions are wholly the responsibility of the Contractor Partners in the 2016 Production Sharing Agreement re: Esson, Hess and Nexen.
Call for a Commission of Inquiry into Guyana’s Petroleum Sector: An Urgent Necessity
Every Man, Woman and Child in Guyana Must Become Oil-Minded (Part 60) Introduction Following last week’s call for a Commission of Inquiry into the Petroleum Sector, more than a handful of individuals approached me enquiring whether the call was serious and what would be the expected outcome. After the spate of Presidential Commissions of Inquiry…
Local politicians should take a page out of Rowley’s book; get a better contract for your people
Chartered Accountant, Nigel Hinds, is one of the few Guyanese who have not given up on the prospect of the nation securing a better contract with oil giant, ExxonMobil. The recent utterances of the Trinidadian Prime Minister, Keith Rowley to the effect that no contract is set in stone and should always benefit both parties,…
Words of wisdom from PM Rowley
Words of Wisdom from Trinidad & Tobago Prime Minister: Dr. Keith Christopher Rowley. Prime Minister Rowley using conscientious and explicit words – stated on Wednesday in Georgetown that contracts are not set in stone and must benefit both parties. Prior to this pronouncement, Prime Minister Rowley coyly said that he did not want to give…
President Granger and Opposition leader Jagdeo should show solidarity and renegotiate this cockroach contract
Prime Minister Rowley using conscientious and explicit words – stated that contracts are not set in stone and must benefit both parties; as published in Stabroek News, dated September 19, 2018. Prior to this pronouncement, Prime Minister Rowley coyly said, that while not wanting to give public advice to his colleagues; then the forthright Prime…
Guyana has been entrapped by Exxon into pre-contract costs which it is not liable for
There has been a farcical entrapment of the Government of Guyana into being liable for Pre-Contract Costs, costs that under normal conditions are wholly the responsibility of the Contractor Partners in the 2016 Production Sharing Agreement re: Exxon, Hess and Nexen. I ask Ms. Kimberly Brassington’s replacement, Ms. Deedra Moe, Senior Director, Public and Government…
Hold approvals for Liza Phase-2 until Phase-1 costs verified – Mangal
Government should put all approvals for ExxonMobil’s Liza Phase-2 on hold until a complete review of the Liza Phase-1 project cost is done, former Government Adviser on Petroleum Dr Jan Mangal says. “I believe a real and substantive review still needs to be performed of the Liza Phase-1 project cost before approval of the production…
Questions for Minister Gaskin on Esso’s pre-contract costs
I have 13 questions for Business Minister Dominic Gaskin on Exxon’s Esso’s pre-contract costs 1.By the end of which year does the Minister expect to honour the US$4.4 Billion Pre-Contract Costs claim, referred to by the Public and Government Affairs Officer; Ms. Deedra Moe of Exxon’s Esso, in Stabroek News, dated September 9, 2018? 2….
GRA does not have capacity to review oil contract costs, gov’t should hold approval for Liza 2 until issues fixed
It has been reported that the Guyana Revenue Authority (GRA) will review contract costs proposed by ExxonMobil for its work as a contractor to the Government in the Stabroek Block. If the Government intends to undertake a rigorous review of the contract costs, this is not the optimal route. Instead, the Government will be taking…
Let us source the needed funds from our oil resources now for teachers, sugar industry
How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value of having the requisite quality of well-paid and motivated teachers of the highest calibre will reverberate across this nation in positive ways that will lift Guyana out of its morass. Let…