Deputy Speaker of the National Assembly, Mr Lenox Shuman, listed some of the functions of the National Toshaos Council that are set out in the Amerindian Act 2006. He then writes, ‘the NTC, by the stroke of a pen and the endorsement by the entire NTC at the last conference, has endorsed one of the…
President Ali’s promises of being results-oriented, and promises of transparency, efficiency, and accountability are very refreshing and inspiring. The PPP has come to power with enormous goodwill from people locally and from many people, countries and international organizations abroad. Everybody was cheerleading and rooting for the PPP. The whole world was arrayed against the PNC…
The Oil and Gas Governance Network Guyana (OGGN) has previously raised critical concerns regarding the tax practices associated with the oil extraction operations of ExxonMobil and its partners – Hess Corporation and China National Offshore Oil Company (CNOOC) – in Guyana, as specified in the 2016 Petroleum Agreement, better known as the 2016 Production Sharing…
Here are 14 questions and answers generated from the summary text: Answer: The main topics discussed were radioactive material and other hazards from oil production. The speakers focused on issues around a radioactive calibration facility operated by Schlumberger (Slumber J) in Houston, Guyana and the lack of proper environmental impact assessments and monitoring. Answer: The…
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…
The creation of a National Oil Company (NOC) will be “a disaster” for this country warns former Government Advisor on Petroleum, Dr. Jan Mangal who says that Guyana should learn from the experiences of sister Caribbean countries, Trinidad and Tobago and Jamaica. However, the government says that it has been advised by a number of…
The Guyana Court of Appeal yesterday commenced hearing the appeal filed by Ramon Gaskin, who has sought to challenge the granting of a petroleum production licence to the partners of the local Exxon subsidiary, Hess Guyana Exploration Ltd (Hess) and CNOOC Nexen Petroleum Guyana Ltd (Nexen), as he contends that they have no environmental permits…
The circuit breaker box controls the electrical energy in your house. Electronic devices in your house ranging from microwaves to televisions would be reduced to ornaments if the circuit breaker box malfunctions. This critical box is installed in your house, not on your street. You wouldn’t want criminals to easily disable the lights and alarms…
Using Dr Mangal’s royalty and profit sharing figures, we calculated Guyana is giving away $US 23 billion to Exxon under the current contract. This is based on oil price of $US 80 a barrel and 3.2 billion reserves. We used the upper range of Dr Mangal’s royalty range which is 20%. The reason for the…
There are many unanswered nuanced questions surrounding the Petroleum Sharing Agreement, PSA2016, and Guy-ana’s budgetary matters omitted in the article SN 2025-01-13, regarding the long-term welfare of the nation. The contract templates were carried into the new 2016 contract as if the two major parties were in agreement on the new 2016 contract. The 1999…
