There was a recent headline that “VP Jagdeo flexes government’s muscles on future oil sector profit sharing.” According to an August 17 Reuters news report, “the PPP administration has again signaled its intention to move to revise the existing contractual terms that obtain in respect of royalties, as part of a new Production Sharing Agreement…
Could the Ministry of Natural Resources explain where the ‘guaranteed minimum of 50 mmscfd of associated gas’ (Ministry of Natural Resources public notice 25 August 2021) will come from if ExxonMobil has only 4 per cent to spare of the 75 mmscfd of gas after the FPSOs Liza Destiny and Liza Unity and Liza Prosperity are…
Vice President Jagdeo recently added some clarity regarding the long-term vision of the PPP/C administration. This clarification came at the Offshore Technology Conference in Houston, Texas. The first vision pertains to the immediate maximising of oil revenues because of the uncertain prospects for fossil fuel in the coming three decades. The second vision has to…
I was outraged when I read the Department of Public Information (DPI) release that the “Gas-to-Energy project, when constructed and operationalised will significantly reduce the emission of harmful gases into the atmosphere, thereby improving Guyana’s status as a good environmental steward.” As a former Chemistry teacher of long standing I cannot remain silent in the…
In response to questions from journalist Neil Marks on News Room’s Insider, Vice-President Bharrat Jagdeo said the fact that a person does not know about the feasibility studies does not mean that they do not exist. My response is, “Well, sir, please show them to us. And by this we mean a proper feasibility study…
A vigorous debate is ongoing regarding the operationalisation of the Natural Resource Fund (NRF). In his last Stabroek News column, Mr Christopher Ram cites legal reasons why the NRF Act is not in operation. He also raises the possibility that the government may not want to operationalise the existing Act since it was passed in…
‘One do not make changes to a winning team’ says the old adage. But something is wrong with Guyana in terms of development. The Gas to Shore project comprises some of the same players who were involved in a string of questionable projects. We can identify the Marriot Hotel, a venture where expenditures are yet…
On Sunday we read that Vice President Bharrat Jagdeo said that government has nothing to hide and will be transparent in all oil and gas-related matters, and that he has suggested that the Ministry of Natural Resources (MNR) set up a portal for the publishing of real-time information, but that initiative has not been taken…
Why can’t the government publish production data on the Ministry of Natural Resources website? It has been weeks now that the government has been saying they need a dedicated website to publish oil production data. Why can’t the government publish the oil production data on the Ministry of Natural Resources website? It already publishes the oil…
Section 12 (1) (a) of the ExxonMobil production sharing agreement signed by then Minister Raphael Trotman on 27 June 2016 provides that ‘The Associated Gas produced from any Oil Field within the Contract Area shall be with priority used for the purposes related to the operations of production and production enhancement of Oil Fields, such as…
