Today’s front page story in SN showing Minister Bharrat handing over production license for a fourth oil well to Exxon’s Guyana president Alistair Routledge, giving up yet more leverages to demand renegotiation – should give cause for alarm to the Guyanese people. It is simply giving Exxon license to cheat the Guyanese people of Fair…
In my opinion, this contract should be considered null and void for the following interim reasons:1) This contract was not made in good faith, good intention, is biased and is not consistent with minimum international contracting requirements, practice, guidelines, procedures and laws.2) This contract is a production sharing contract/royalty (PSA), where Guyana is technically a…
The major newspapers have warned them. The major newspapers dedicate lots of newspaper space daily to educate the nation about oil. The international group Global Witness of London has warned them. The diaspora group Oil and Gas Governance Network (OGGN) has warned them. The IMF has warned them. The International think-tank Chatham House of London…
The recent news of a prominent political personality seeking refuge in the embrace of his former adversary has not just left many shaking their heads in disbelief, but has also sparked profound questions about motives and morality, decency and dignity, principles and pragmatism. The public’s shock at this turn of events is palpable, and rightly…
Recently, it was reported that the auditors appointed by the Government of Guyana to audit the books of ExxonMobil Guyana Limited (EMGL) have been denied access to pertinent oil reports and associated cost information ((See Anand Gool-sarran’s Report, “The audit report on Exxon’s post-contract costs (Final Part)”, https://www.stabroeknews. com/2024/04/08/features/accountability-watch/the-audit-report-on-exxons-post-contract-costs-final-part/). Similar difficulties were observed on a US$214.0…
Christopher Ram’s survey indicating an overwhelming 94% of the people wanting renegotiations of the Stabroek Block Production Sharing Agreement (PSA), and the daily commentaries that followed, have put the Government in a state of utter confusion and madness undermining arguably the most consequential issue facing our nation. By its deeds, this Government has brandished its…
As a Guyanese of the diaspora living in Switzerland and Germany, I have been following Guyanese politics closely for the last few years. What has struck me most is the uncompromising nature of politics in my mother’s homeland. There is the absence of a political culture of seeking solutions to the nation’s key problems by…
The pace of discovery in the Stabroek Block has been astounding. There have been 32 major discoveries to date. There are currently 3 projects in production: Liza Phase 1, Liza Phase 2 and Payara. The current daily output is 620,000 barrels of oil. There are 2 additional projects approved for production: Yellowtail and Uaru. Plus,…
On October 23, 2023, Chevron announced that it had purchased Hess shares in the ExxonMobil Guyana Limited (EMGL) for US$53.0 Billion. Recalling that Hess owned 30 percent of the company, this ownership implied that the total equity in the company is now estimated to be US$176.7B, with the remainder distributed as US$79.5B for ExxonMobil, and…
