Oil Talk with OGGN Guyana Episode #3: Lack of any independent monitoring of the deepwater oil fields
(18) Oil Talk with OGGN Guyana Host by Charles Sugrim | September 28, 2023 | Kaieteur Radio – YouTube
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Exxon has engaged in dodgy accounting going all the way back to Shell transaction
Maya Angelou, American literary giant and civil rights activist once said, “When people show you who they are, believe them the first time”. Unfortunately, when Esso showed us who they were from the first decade of this century, we not only did not believe them, but successive governments spinelessly conspired with them to deprive current…
19 Questions: Oil production violating safety limits and the lack of sufficient coverage for a massive oil spill.
Q1: What are Dr. Adams’ qualifications and background in the oil and gas sector? A1: Dr. Adams has a bachelor’s degree in civil and environmental engineering from the University of Guyana. He worked for the Guyana Water Authority drilling water wells across Guyana. He has a master’s degree in hydrogeology and studied petroleum and geological…
GRA is not the competent authority to lead all or any Petroleum audits
It would be perfectly understandable if the public is totally confused over the issue of the audit of the expenses claimed by Esso, Hess and CNOOC for the period 1999 – 2017. Various reports in the media suggest that the UK entity contracted to audit the costs reported by the consortium were overstated by US$214…
Faceless growth is now stalking the land
Guyana’s oil economy is now mirroring its lopsided oil contract. The world’s highest growing economy in 2022 is not spreading the fruits of growth evenly across Agriculture, Manufacturing, and Services. Indeed, the rich versus poor is mirrored by oil and non-oil economy – the high growth oil sector registering 90% growth in the value-added income…
Guyana’s reclassification as a high-income country
Recently, the World Bank, using the Gross National Income (GNI) per capita measure, reclassified Guyana as a high-income country. GNI is the sum of all income earned by a country, irrespective of where the income was earned. The justification for this elevation into the highest GNI category is largely based on the impact of foreign…
Balances due from abroad and the foreign exchange “shortage”
By Tarron Khemraj On September 10, 2023 On August 19, the Stabroek News reported that the government is willing to make necessary interventions in the foreign exchange (FX) market in order to enable the smooth access to hard currencies. In the same news report, Vice President Jagdeo noted that there is ample foreign exchange if one considers the…
15 points: An oil contract for Guyana just requiring counting of oil barrels extracted
1. What is the purpose of OGGN Guyana? The purpose of OGGN Guyana is to help educate Guyanese on issues related to the oil and gas industry in Guyana. It aims to advocate for transparency, accountability and good governance in oil activities. 2. When was OGGN formed and why? OGGN was formed in 2017 after…
