Today we want to examine the validity of the exercise by the minister of the discretion provided by regulation 13(3). Our research shows that no other country in the world has seen it fit to do what our minister did in 1999. The minister at the time used her discretion to exceed the maximum stated,…
The Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS should be addressed holistically. Over the past year or so, all efforts were aimed at the financial benefits and significant short-changing from the contract. Whether the seemingly one-sided contract would be renegotiated, and a more favourable one be concluded, the people of…
Following several newspaper articles on the State Asset Recovery Agency (SARA)’s probe into the award of oil blocks, Mid-Atlantic Oil and Gas Inc. and JHI Associates, two industry unknowns, have been publishing almost daily, advertisements to defend the exploration licence which they were handed by former President Donald Ramotar for the Canje Block. While they…
Former Minister of Foreign Affairs Rashleigh E. Jackson penned a letter on 06-Jun-2019 in SN where he stated that Jan Mangal (author of this letter) made unwarranted assumptions and arrived at foregone conclusions. He seems to have forgotten to include the list of unwarranted assumptions and foregone conclusions. Let’s hope he provides these in a…
Oil and Gas Consultant, Dr. Jan Mangal, does not agree with the private sector’s view that the State Asset Recovery Agency (SARA)’s probe of how the Canje and Kaieteur oil blocks were awarded to four inexperienced firms will scare away investors.In fact, Dr. Mangal told Kaieteur News that the probe would set the tone for…
In March last, the British High Commissioner is reported (KN, 20th March, 2019) as having told the Georgetown Chamber of Commerce & Industry (GCCI) that corruption is a job for Government and the Private sector to team up against. TIGI agrees with the broad thrust of this contention. However, in many countries and many instances…
Interview aired on June 4th, 2019
Dr. Vishnu Bisram Jun 3, 2019 The Guyanese diaspora in North America held a seminar on Guyana’s prospective oil and gas industry in Richmond Hill (Little Guyana), Queens, New York last Saturday June 1. Among the main speakers were University Economics Professor Dr. Tarron Khemraj, Oil & gas Specialist Dr. Jan Mangal, Attorney Chris Ram,…
The Honourable Minister Trotman, in the Guyana Standard online publication on the 28th May 2019, said “… at no point during his tenure did he (Jan Mangal) ever request that capacity be developed or that the relevant expertise be hired to ensure independent reviews of data on the Stabroek Block which would be submitted by…
Introduction This is the case for renegotiation of the Petroleum Agreements between the Government of Guyana and ExxonMobil (“Guyana-Exxon agreements”). In my article dated 8 December 2017[1], I wrote extensively on the nature and types of stability clauses and their pros and cons. Most notably, what the Model Petroleum Contract describes as a Stability Clause…
