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Local content is not Ads, publications, catering and taxi services

News EditorJune 7, 2018June 16, 201902 mins

From: https://www.kaieteurnewsonline.com/2018/06/06/local-content-is-not-ads-publications-catering-and-taxi-services/ On Monday, Opposition Leader Bharrat Jagdeo called for the Government to publish the list of 309 companies ExxonMobil said it used last year to support its operations. Instead, the Government released, yesterday, a list of what it said were registered companies used by the oil giant for the first quarter of 2018. That list…

Inconsistencies in Rystad Energy report

News EditorJune 5, 201803 mins

On June 1st, 2018 the Stabroek News published an article discussing a report by Norway’s Rystad Energy. Other Caribbean newspapers have published similar articles. However, there appears to be inconsistencies in the report that need clarification. Here are a few points of concern: It was stated that Rystad is forecasting 600,000 barrels per day (bpd) in…

Melinda Janki

The real issue is the threat which this oil arrangement poses to the country

News EditorJune 2, 201802 mins

I refer to the letter, `Why is Janki so opposed to the ExxonMobil deal?’ under the name of Clement Smith. I should have thought the answers to that question were already abundantly clear. I have repeatedly said that Minister Trotman’s behaviour was incompetent, irresponsible, naïve and foolish in the oil arrangement he agreed with Esso…

Fair Deal Guyana

Court begins hearing appeal over challenge to Exxon’s partners

News EditorJune 2, 2018May 20, 201901 mins

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…

Economists, Janki pessimistic about oil future -around US$900m in costs already racked up even before first barrel

News EditorJune 2, 201802 mins

Guyana has struck oil but for the panelists at a discussion on Wednesday there is no reason to celebrate. In fact one panelist argued that there are actually grounds for saying that government acted illegally in signing to such terms. On Wednesday, the Moray House Trust held a panel discussion where economists Collin Constantine and…

Darsh Khusial

We need many more local activists on oil and gas matters

News EditorJune 2, 2018June 2, 201801 mins

On May 17th, 2018 the Stabroek News published a letter by Mr Clement Smith in which he questioned the motives of A Fair Deal for Guyana with respect to challenging the oil contract. In that letter he stated, “But the saddest part of all is that local activists are getting involved.” We disagree with Mr…

Nigel Hinds

Nigel Hinds interviewed by Chris Ram (May 9th, 2018)

News EditorMay 9, 2018December 19, 201801 mins

Nigel Hinds

Focused action needed now for a 10% royalty from Exxon/Esso

News EditorMay 6, 2018December 19, 201801 mins

Guyana agrees to pay Exxon’s Esso – a US$460 Million Bonus, and labels it precontract costs, which is 2,500% higher than US$18 Million that was received by the Government of Guyana and referenced as a “Signing Bonus.” The reference is a misnomer to the extremities of accounting classification – Copper Signing Bonus is a more…

TIGI Oil

Chapter #1 – The Breach of the 60-Block Maximum

News EditorApril 27, 2018August 23, 202003 mins

Recently, the number and prominence of foreign analysts who have corroborated the early view expressed by local analysts have increased. This is the view that the contract is heavily weighted against Guyana. Two of these foreign analysts have been OpenOil and the IMF. Yet, there is one aspect of the consideration of how bad a…

Darsh Khusial

How can we trust that the oil cost would be allocated fairly?

News EditorApril 10, 2018April 10, 201802 mins

The oil contract contains a loophole that may tempt the oil companies to get around the 14.25% of revenues minimum limit cited by some analysts. The only guarantee is the 2% royalty, but the 50%/50% profit share can be exploited such that Guyana’s average take is less than 14.25% in earlier periods. On April 1st, 2018…

Upcoming: Oil Talk with OGGN on KN watch at https://www.facebook.com/kaieteur.radio

Trump’s tariffs: Robbed by the contract, robbed by the data, robbed by the tariff

Why Guyana’s crude oil exports must be excluded from US import tariff

Oil Talk with OGGN Guyana Episode #46: Discuss Guyana pumping oil above the safety limit without full liability coverage.

OGGN urges VP to exercise his responsibility by ending practice of Gov’t paying taxes for ExxonMobil

NRF payments should be separate under a unique budgetary sub-heading

Local content is not Ads, publications, catering and taxi services

Inconsistencies in Rystad Energy report

The real issue is the threat which this oil arrangement poses to the country

Court begins hearing appeal over challenge to Exxon’s partners

Economists, Janki pessimistic about oil future -around US$900m in costs already racked up even before first barrel

We need many more local activists on oil and gas matters

Nigel Hinds interviewed by Chris Ram (May 9th, 2018)

Focused action needed now for a 10% royalty from Exxon/Esso

Chapter #1 – The Breach of the 60-Block Maximum

How can we trust that the oil cost would be allocated fairly?