EMGL

Paying 2 Percent from its Profit, EMGL Robs Guyana of its Correct Royalty Amount

News EditorMarch 3, 2024March 6, 2024010 mins

It has been reported that Guyana receives 52 percent of oil profits from ExxonMobil Guyana Limited (EMGL) oil extraction operations. Given that Guyana is not a shareholder in EMGL, this is overly generous of a company that is expected to minimize cost and maximize profits for its shareholders. In fact, nowhere in the Production Sharing…

Gov’t cannot be making excuses about deferring oil returns to some future date

News EditorFebruary 4, 2024February 5, 202408 mins

Equity ownership in a business implies that an investor becomes a shareholder; and therefore, has access to complete information; has decision-making authority that is based on the relative size of the funds invested; and receives a share of the total profits, calculated on the shareholder’s ownership of the total invested funds. In the case of…

Referendum needed only because of Govt’s spinelessness to do its job demanding renegotiations

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

President Jagan was opposed to the philosophical mentality linked with handouts which I do not recall ever being repudiated by Vice-President Jagdeo

Do not be afraid of Exxon’s power

Trump’s victory a reality check for Guyana

The cited provisions of the FMAA do not cover this one-off cash grant