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…

What is EPA’s evacuation plan and/or advice when citizens suffer from hazardous effects of chemicals of unknown origins?

Renegotiations, referendums and reality – response to Ram & McRae’s Survey

Dominic Gaskin has joined with the consortium against Guyana

Is Exxon implying that its engineering skills permits its deep-water oil extraction at speeds in excess of the safe working limits?

DPI did not issue a correction of the erroneous mention of 18,000 Guyanese on oil rigs

Survey shows overwhelming support for renegotiation of Petroleum Agreement