MARAD Notice to Mariners number 114 dated July 31 2023 was published through the Department of Public Information on 03 August. The Notice covers the arrival and deployment of another of Jan De Nul’s dredgers. Jan De Nul is the 15 percent shareholder in the VEHSI shore base alongside the 85 percent shareholding of NRG…
Kaieteur News on 13 April reported, ‘ExxonMobil, EPA a no-show again at Natural Resources Parliamentary meeting’ (https://www.kaieteurnewsonline.com/2024/04/13/exxonmobil-epa-a-no-show-again-at-natural-resources-parliamentary-meeting/). Through your pages, I call on our elected parliamentarians and staff of the National Assembly to use the legal procedures to require both ExxonMobil Guyana Limited (EMGL) and the EPA to obey the law of the land. Standing…
By some estimates, for the Liza Phase 1 and Liza Phase 2 projects alone, the permanent tax holiday for the biggest oil company in the US could cost Guyanese taxpayers some US$5 billion. That could instead be spent on salaries for teachers and schools, nurses and hospitals, actually reliable water and electricity plants, and better…
We explored the idea of the resource curse in six previous columns before analysing the cost aspects of the oil and gas contract. We took a break from this topic in the previous three successive essays. Last week’s essay looked at how recurring costs could have an interesting effect on the long-term average cost oil…
Introduction Today’s column concludes the discussion on fiscal break-even prices for crude oil, introduced three weeks ago on November 13. To recall, that topic was introduced under the rubric of a broader one: on the cost-price relation, which might emerge in Guyana’s coming time of oil and gas production and export (possibly around 2025). Readers…
The oil companies appear to be pressuring the government to approve the Payara project. Before we proceed with any more approvals, we should clarify mathematical anomalies between Liza Phase 1 and Liza Phase 2 that may save us billions of US dollars; verify the pre-contract costs; hire qualified people and create the institutions/regulations so we…
Today’s column explores the proposed gas-to-shore project. Off the bat, I must declare that converting the present heavy fuel power plants to natural gas makes sense. Indeed, in June 2015, I wrote a column, then under Development Watch, arguing for the transition from high-polluting heavy fuel to less-polluting natural gas power plants. However, the same…
Parliament’s decision to create—what amounts to—a zero tax clause in the petroleum production agreement keeps power and wealth in the hands of its foreign counterparties and contributes to Guyana’s economic inequality. Additionally, it stagnates the potential for sustainable economic growth here in the local land. While the Stabroek Block Production Sharing Agreement (PSA) should be…
Exxon Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil companies announced by the Trump administration on Tuesday. See more here
This document is posted with permission from Ram & McRae. The opinions in this document do no necessarily reflect the views of OGGN.
