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Why would any President or VP of Guyana be concerned about “financial risk assessment” of Oil Companies investment in Guyana?
A SN daily blogger pesters me on this subject: Oil Companies’ financial risk assessment for exploration in Guyana. “Most politically unstable place in Caribbean”, he says. Five biggest Risks – Political risk, Geological risk, Price risk, Supply & Demand risk, Cost Risk. Seems clear the blogger is talking about political risk – gov’t overthrow, nationalization?…
I can register my disapproval when I see incompetence
There are times in life when we have to make declarations in order to move to the next desired stage. Declarations of insolvency or of bankruptcy, and of assets come to mind. However, our intrepid Vice-President volunteered a declaration of incompetence – and he doesn’t even seem to realize it! Here is someone, who was…
Guyana’s local content law is likely to achieve the opposite of what was intended by its creators – Here is why I believe so
National news outlets, including this distinguished newspaper, have been documenting problems that are emerging as a consequence of the Local Content Act, which was passed by Parliament in late December 2021. Companies, such as Ramps Logistics Guyana, the largest logistics company servicing the oil and gas sector, has apparently been denied access to the local…
CNOOC Bare-bones Financial statements – 2021
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 98 – June 24, 2022 Introduction Last week’s column began a short series on the 2021 financial performance of the three companies – Esso, Hess and CNOOC – which hold 45%, 30%, and 25% respectively of the highly productive Stabroek Block, a find…
The shadow of this history hangs over us
This introduction by Isabelle de Caires to a recent Moray House Trust presentation sheds light on how our history hangs over us. She makes the case that now with oil we are again in a wearing sense of deja-vu. https://www.oggn.org/wp-content/uploads/2022/06/the-shadow-of-this-history-hangs-over-us.pdf
Exxon and partners made more money than God …. er Guyana
Every Man, Woman and Child Must Become Oil-Minded (Part 97) – June 17, 2022 It is more than five months since the 96th. column was published on January 22nd. of this year. That column summarised the court action brought by citizen Glenn Lall seeking declarations against the tax provisions contained in the 2016 Petroleum Agreement….
The oil companies are already effectively repatriating about 85% of the value of the oil
President Ali displayed good reasoning in his speech last Sunday on World Environment Day. He correctly makes the point that the developed countries are unfair in using the environment to want us to not exploit our resources, while they renege on what they owe the present population of the Earth for the environment they have…