Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 75 – August 30, 2019 Introduction Two weeks ago in Toronto Canada, the organisation Caribbean Council of the Americas (CCA) in a public advertisement invited the Guyanese community and “other interested parties in the greater Toronto area to learn about all and gas…
All files available at: https://www.gyeiti.org/news/gyeiti-report-fy2020-final
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 119 – January 09, 2024 Introduction On the occasion of the first column for 2024, I extend best wishes to readers for an informed and productive year and realisation of the hope of a fairer contract. Readers will recall the promise made in…
Equity ownership in a business implies that an investor becomes a shareholder; and therefore, has access to complete information; has decision-making authority that is based on the relative size of the funds invested; and receives a share of the total profits, calculated on the shareholder’s ownership of the total invested funds. In the case of…
I wish to respond to the idea that the oil companies are granting Guyana a fair deal with their 50/50 billboard in which Guyana is getting one-half of the profits from sale of crude oil. Further, the ideas thrown about is half a loaf is better than nothing. This is very misleading in running a…
There are unanswered questions that relate to future taxpayers’ burdens arising from possible new government debt interest costs and Guyana’s payment of profit taxes on behalf of the contractors from its Production Sharing Agreement. Will the Gas to Energy be similarly treated? There are three major stakeholders in the Gas to Energy project: Contractor, Government…
Today’s column continues the discussion of Guyana’s long declared policy option of seeking membership of the Extractive Industries Transparency Initiative (EITI) as a cornerstone of its approach to governance of the fast approaching time of oil and gas production and export. Last week’s column had started the discussion, but regrettably, due to space, constraints, gaps…
On Saturday August 6th, 2022 the Communications Manager of Esso Exploration wrote a letter that appeared in the major Guyanese newspapers in which she made a number of points with regard to the EPA permits. However, it appears this letter had misleading statements. In the letter the Esso Exploration representative states, “Production rates on the…
