Let’s make a few things clear: Payara Approval has been put on hold to allow for a review of field operations, how to conduct drilling, avoid a well-blowout, etc. It is really an engineering review. Nothing to do with review of the Contract.The Guyanese people want a renegotiation of a few basic issues of the…
Kaieteur News – The Oil & Gas Governance Network (OGGN) stands firm that ExxonMobil’s Stabroek Block agreement is renegotiable, and that former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams proved this during his stewardship in the post.In October last year, Dr. Adams had told Kaieteur News how he had ensured that the…
I thank Dr. Vishnu Bisram for pointing out an economic approach towards distributive justice in managing oil wealth in Suriname: ‘“Royalties for Everyone”, on the decision by the government of Suriname to grant a savings note (royalty shareholding certificate) of US$750 to each of its citizens, payable after 2028 with 7% interest and a contrast…
Professor Clive Thomas stimulated much discussion last week when he proposed the idea of a US$5000 per year cash transfer to Guyanese families. The fact that the proposal is open ended stimulated a lot of heated discussions on social media. Several claims were made: these payments will stimulate the money supply and therefore engender inflation;…
Robin Singh’s letter titled, “I extend congratulations to Jagdeo for embracing a failed Marxist philosophy” (SN Nov 16th), contained several false arguments. Singh writes: “. . . others are spending much time and effort to disparage and discourage new investors in our economy”. Robin is referring to a group of oil activists and two daily…
Many of the world’s oil producers have recently agreed to cut back oil production by 10 million barrels a day. The world is in quarantine mode. Demand for oil has dropped significantly. If demand drops and supply stays the same, then the law of demand and supply would tell us the price of a commodity…
The impact assessment of the cumulative effects for Exxon’s planned 35 Multiwell Exploration and Appraisal (E&A) Drilling Programme should fill major gaps of the four existing EIAs including a much more detailed study of the marine environment than was previously done, says environmentalist Janette Bulkan. On July 19th, the Environmental Protection Agency (EPA) announced that…
I have 13 questions for Business Minister Dominic Gaskin on Exxon’s Esso’s pre-contract costs 1.By the end of which year does the Minister expect to honour the US$4.4 Billion Pre-Contract Costs claim, referred to by the Public and Government Affairs Officer; Ms. Deedra Moe of Exxon’s Esso, in Stabroek News, dated September 9, 2018? 2….
