I have taken note of Mr. Joel Bhagwandin’s letter titled, “[Prof] Hunte’s so-called “broken institutions” have little or nothing to do with declining gold production”, and respond as follows: Can Mr Bhagwandin give a short description of the Custom Dept’s check of the operation? A gold processing plant is located on the company’s concession in…
The Escazú Agreement, or “Escazú”, is a regional agreement in which Guyana is obligated to guarantee citizens’ right of access to information, public participation and justice in environmental matters. Part One of this presentation dealt with two legal rights of citizens in environmental matters – namely, access to information and access to justice. This second…
In our last article, we dealt with the miscalculation of the licence area in the contract with Exxon. Prior to that we discussed some history which suggests that the claim that Venezuelan belligerence was the justification for the resort to illegality in the invention of wholesaling of license blocks when no such concept was available,…
Introduction Today’s article brings to a conclusion the three-part series of columns that have been reviewing Guyana’s proposed membership of the Extractive Industries Transparency Initiative (EITI). Similar to my earlier examination and assessment of government’s proposed establishment of a Sovereign Wealth Fund (SWF), Guyana’s deliberative effort to secure membership of the EITI is undoubtedly a…
There had been apparent controversy regarding both prices and incomes data generated by official reports purportedly measuring the Guyana Cost of Living, reflected by the Consumer Price Index, CPI and the Nominal Gross Domestic Product, GDP. There is a further complication as the World Bank raised Guyana’s low income status to a high income status…
Kaieteur News – Vice President Bharrat Jagdeo has over time repeatedly lambasted former Head of the Environmental Protection Agency (EPA) for signing the worst permit, that authorized the development of the country’s first producing oil field—Liza I. In fact, the former Head-of-State, now Vice President, over time proffered publicly that it was his administration that would…
Reference is made to the ExxonMobil Guyana Limited Annual Report 2023 (https://corporate.exxonmobil.com/locations/guyana/annual-report). In that report (Page 36), it is recorded that royalty paid is G$21,922,725,604.00, representing 2 percent of total revenue of G$1,108,897, 727, 566.00 (Table1). However, the royalty paid is not 2 percent of total revenue; instead, it is only 1.977%. The correct royalty…
On Tuesday December 1st, 2020, it was reported in the Kaieteur News that VP Jagdeo made the statement, “… We made it clear that when they come for a production sharing agreement for the Kaieteur Block, (it would not have the same loopholes as those which exist in the Stabroek agreement). It would be a very…
The PNC is in a bad place right now. Following the heels of its failed attempt to rig the 2020 elections, in full view of a watching world, the two top candidates running for Party Leader were leaders of the extreme wing claiming dead people flew to Guyana and voted and sneaked back out and…
Guyana would do well to allow third parties to conduct their own analyses of oil and gas companies’ drilling results, says Petroleum Consultant and Engineer, Paul Nicholas Ramsaywack. Petroleum Consultant & Engineer, Paul Nicholas Ramsaywack This verification, he said, can be done using well logs. They contain detailed records of the finds made by companies…
