ExxonMobil

We urge ExxonMobil shareholders to vote in favour of resolution #14 on environment-related litigation

News EditorMay 28, 202307 mins

Dear Editor, In a shareholder document released on April 13th, 2023 ExxonMobil makes this claim, “ExxonMobil’s affiliate [EEPGL] works cooperatively with the Guyana Environmental Protection Agency (EPA) to ensure environmental permitting relating to exploration, development, and production activity fully complies with Guyana law.” It states, “…activist litigation to halt oil and gas production has failed…

Appealing the ruling of Judge Kissoon is tantamount to surrendering to ExxonMobil

News EditorMay 7, 2023May 21, 202301 mins

Former EPA chief Dr. Vincent Adams has said many times that Full Liability Coverage (FLC) as enshrined in the permits, equals insurance plus a parent company guarantee to cover “any” costs above insurance. In mathematical parlance: Full Liability Coverage = Insurance + Parent Company Guarantee for all remaining costs. Parent Company Guarantee is simply a…

Govt. now siding with ExxonMobil to avoid renegotiating oil deal

News EditorMarch 29, 2023July 2, 202308 mins

Though Guyana’s blossoming petroleum sector is in desperate need of pruning to ensure the fruits satisfy the needs of the local populace, the country’s leaders have not been hearkening to their respective roles. This much can be said, particularly about Vice President (VP) Bharrat Jagdeo, who is tasked with management of the local petroleum, according…

EEPGL ignores tax provisions of 2016 Agreement in its 2021 financial statements

News EditorJuly 8, 2022February 5, 202409 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 100 – July 8, 2022 Introduction By a strange coincidence, this 100th. column features the 2021 financial statements of Esso Exploration and Production Limited, the designated Operator and holder of a 45% interest in the Stabroek Block under the 2016 Petroleum Agreement. Esso…

CNOOC Bare-bones Financial statements – 2021

News EditorJune 24, 2022February 5, 202407 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 98 – June 24, 2022 Introduction Last week’s column began a short series on the 2021 financial performance of the three companies – Esso, Hess and CNOOC – which hold 45%, 30%, and 25% respectively of the highly productive Stabroek Block, a find…

Gas to shore project – too many questions yet to be answered

News EditorJuly 16, 2021February 5, 202408 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 94 Article was Published on July 16, 2021 Introduction Over the past few weeks ExxonMobil has been holding public consultations on an application to the Environmental Protection Agency (EPA) for an Environmental Authorisation for what it describes as a Gas to Energy Project…

Bridging Deed sells both patrimony and soul (4th. Instalment)

News EditorFebruary 7, 2020February 5, 2024013 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 86 – February 7, 2020 Introduction It has been a week of fast-moving events. This past Monday (February 3), the London-based NGO Global Witness released a report Signed Away in which it made the claim that had Guyana properly negotiated the 2016 Petroleum…

First oil marked by obfuscation and confusion

News EditorJanuary 3, 2020February 5, 2024010 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 81 – January 3, 2020 Introduction This column should have continued my take on Local Content. I will defer this to a later piece so that I do not miss the very focus on this series: the Road to First Oil. Readers will…

Hess’ confirmation of payment of US$30 million raises serious red flags for Exxon

News EditorNovember 22, 2019February 5, 2024011 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 78 – November 22, 2019 Introduction Mr. John Hess CEO of Hess Corporation disclosed that his company paid US$30 million for a 30% stake in ExxonMobil’s Stabroek Block. This revelation, publicised in the Kaieteur News on November 19, 2019, is sure to have…

Trotman speaks to the Natural Resources Committee of the National Assembly

News EditorNovember 15, 2019February 5, 2024010 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 77 – November 15, 2019 Today’s column highlights a few issues raised by Mr. Raphael Trotman, then Minister of Natural Resources who appeared before the Natural Resources Committee of the National Assembly on May 18, 2018. In his presentation, Trotman misled the Committee…

Canadian Sanctity of Contract case offers hope for Guyana: Part 2

EPA caught in blatant untruthfulness on Exxon’s Parent Company Guarantee

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

Part 1: Canadian Sanctity of Contract case offers hope for Guyana

ExxonMobil’s noncompliance with Guyana’s Sovereign Tax laws should be of concern to all especially the US Internal Revenue Service

ExxonMobil does not adhere to the highest ethical standards

Appealing the ruling of Judge Kissoon is tantamount to surrendering to ExxonMobil

Bridging Deed sells both patrimony and soul (4th. Instalment)

First oil marked by obfuscation and confusion

Hess’ confirmation of payment of US$30 million raises serious red flags for Exxon

Trotman speaks to the Natural Resources Committee of the National Assembly