Dear Editor, Quote from the December 24th Sunday Stabroek news report: “A key finding of the report after assessing similar PSAs from around the world is that the Stabroek PSA has the lowest Average Effective Tax Rate (AETR) of “government take”.
Ravi Dev’s caution about Girmitiyas, former labourers or People of Indian Origin, PIO, does not have to begin or end in disappointment. (SN – 2024-12-08). He cites an example that is already appealing to politicians. ‘They hope Bharat would follow the African Union, which declared its diaspora as “Africa’s 6th Region”. This is an opening…
It is high time for Guyana to secure “solid financial assurance” from Stabroek Block operators ExxonMobil, CNOOC/NEXEN and Hess to ensure that it is protected should an oil disaster occur on our shores, says international lawyer, Melinda Janki.And with ExxonMobil’s looming financial troubles, she said “sooner is better than later.”“We know that ExxonMobil is in…
In a series of letters published in the Sunday editions of Stabroek News (February 16 & 23, March 2 & 9, 2025), the Oil and Gas Governance Network Guyana (OGGN) informed the Guyanese public about questionable tax practices of ExxonMobil and its partners—Hess Corporation and China National Offshore Oil Corporation (CNOOC)—and raised concerns about the…
Motion – Liability Insurance Coverage for Spills Whereas Oil production offshore Guyana is expected to increase rapidly from its current rate of 120,000 barrels per day (bopd) to close to 1 million bopd, with the number of FPSOs increasing over 10 times by 2026; And Whereas worldwide offshore oil production operations show a high likelihood…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 138 – September 28, 2024 After years of dithering and delays, the People’s National Congress Reform (PNC-R) recently unveiled a 20-point plan – more a statement of intent – for managing Guyana’s fast-moving oil and gas sector. This plan, coming eight years after…
Dem Boys Seh… Seventeen (17) Guyanese-born professionals from America calling fuh renegotiation of de contract wah was signed between ExxonMobil and the Soulja Bai government. Dem boys been calling long time now for dis and dem boys glad fuh see dat other people now realizing how dem oil company outsmart de Hap-New-Hay- Eff-See government.Dem 17…
Here is an idea that should be given top priority. Guyana needs to build up an entrepreneurial class. Guyana needs to develop a class of Guyana’s Product Brands. (Currently Guyana has only one such brand -15-year-old rum. Europe and North America cannot get enough of Guyana’s rum). Guyana needs a dozen new export products not…
Reference is made to your article captioned ‘Exxon must now put decommissioning fund in place for all Guyana projects – Minister Bharrat’ (KN 11-16-2023). In that article, it is reported that ‘…the company (EMGL) would have to submit for the minister’s approval, a proposed decommissioning plan and budget no later than two years before the…
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…
