Column # 93 – It is doubtful that the law allows the Government to pay oil companies taxes.
This Article was Published on July 9, 2021 Introduction The issue of taxation of the oil companies has aroused particular interest ever since it became known that the Government has to find some $5.391 billion to pay the tax liability of the two partners of Esso in the Stabroek Block – CNOOC and Hess –…
Poll: 82% support for renegotiation of all contracts with all oil companies
In a nationwide public opinion tracking poll conducted in late October by the North American Caribbean Teachers Association, the nation almost unanimously rejects the low royalty rate (of between zero and two percent), sweeties or handouts given to oil companies, and profit sharing agreement of the government with multinational Exxon/Mobile and other oil companies. People…
Mr Nandlall’s response suggests he has found magic formula to overcome concerns about 2016 PSA
Mr. Anil Nandlall S.C. Attorney General and principal legal adviser to the Government has written rather disparagingly about comments I made in my last Friday‘s Stabroek News oil and gas column. Without naming me or addressing any of the extensive data, sources and arguments I used in arriving at my findings, he claims that my…
How much taxes should Exxon and the oil companies have paid?
As per the 2016 Stabroek Block contract, for the oil production lifecycle, from the preparation for oil production to when the oil is finally sold, the oil companies pay no taxes (see Article 15.1). The applicable income tax laws assess the Contractor’s tax due on taxable income (Article 15.3) and the Minister agrees to pay…
Questions for the confident Alistair Routledge, Exxon Guyana’s President
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 124 – March 29, 2024 Introduction During the recent Oil and Gas conference in Guyana, Mr. Stephen Sakur, renowned BBC journalist, did a brief interview with Exxon Guyana’s President Alistair Routledge about its operations in Guyana. Unfortunately, the limited nature of the engagement…
Gov’t seems to be in a rush to approve Yellowtail though serious questions unsettled
On the weekend the government released an article stating that the Stabroek Oil Block is not up for renegotiation. It cited a number of reasons for its position including the sanctity of contract, the stability clause and because Exxon lost US$22 billion last year. The article reads like a marketing campaign for why Guyana should…
Guyana Symposium – Saturday 13th, 2pm to 5pm
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Concerns: PWSI Waste Treatment Plant – Coverden East Bank Demerara
Concerns: PWSI Waste Treatment Plant – Coverden East Bank Demerara Yesterday, we were traumatized to be informed by Mr. Joel Bhagwandin that the PWSI Waste Treatment Plant started its operation at Coverden some five (5) months ago, which will mean that processing of petroleum waste started either April of May 2024; oblivious to Coverden and…
Exxon’s flaring: Shut them down and make them pay! – Melinda
Would ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) be picking up the exuberant cost attached to greenhouse gas emissions caused by its flaring offshore in the Stabroek Block, or would it be the Guyanese people? This is the critical question industry stakeholders say is facing the nation since the social cost for such…