MARAD Notice to Mariners number 114 dated July 31 2023 was published through the Department of Public Information on 03 August. The Notice covers the arrival and deployment of another of Jan De Nul’s dredgers. Jan De Nul is the 15 percent shareholder in the VEHSI shore base alongside the 85 percent shareholding of NRG…
A priest once said with reference to a local bigwig in Guyana, an impoverished country perched on the northern shoulder of South America: “first you get on, then you get honest.” That is, you need to acquire wealth before you can be philanthropic. Little of that culture of philanthropy appears to have survived among the…
I do not see a problem with a group of people like OGGN (Oil & Gas Governance Network) working to get a better, fairer deal for Guyana from Guyana’s oil. The Democratically Elected PPP/C Government seems to be hypersensitive to constructive criticism leading to some supporters getting riled up at the slightest criticism. This is…
Reference is made to the letter entitled “The legitimacy of the Oil and Gas Governance Network (OGGN) is highly questionable” (Stabroek News, July 27, 2023). In the summer of 2017, OGGN was created as a legitimate non-profit organization located in Hollis, New York, United States of America. The Internal Revenue Service (IRS) of the United…
Utilizing data reported by the International Monetary Fund (IMF), the Bank of Guyana (BoG) and Kaieteur News (KN), I will show that EEPGL has already recouped their investment; that they are earning significant profits; and that Guyana’s share will remain at meager levels for our non-renewal resource, unless the PSA is renegotiated. According to the…
Dear Editor, Reference is made to your article captioned ‘Exxon’s subsidiary registered $577b profit in 2022’ (SN 6/18/23) and I would like to make a few observations. First, the published data in this and another article (https://www.kaieteurnewsonline.com/ 2023/03/09/the-average-cost-per-barrel-of-oil-produced-by-exxon-is-questionable-unacceptable/). show that EEPGL has been able to extract a total of 168.8 million barrels of oil during…
Kaieteur News – Pre-pandemic statistics available for 10 Caribbean islands that can be affected by a devastating spill in the Stabroek Block shows that Guyana would have to foot costs of over US$20 Billion a year for affecting the beaches these countries rely largely on for tourism. This point was shared by activist, Janette Bulkhan in…
Our angelic lawyers and appellate judges are debating in medieval terms whether ‘assurance’ or ‘insurance’ or ‘full liability coverage’ or ‘complete indemnity’ can all sit on the head of a pin. Meanwhile, let us consider why we need such security instruments. Since the PEMEX oil spill at the Ixtoc-I well in the Gulf of Campeche…
By Alissa Trotz, (Referenced Insurance Doc inside here: https://www.oggn.org/wp-content/uploads/2023/05/EPA-Supplemental-Affidavit-23-Jan-2023.pdf) On Monday May 29th, Esso and the EPA get another chance to argue for a stay of Justice Kissoon’s ruling that Esso was in breach of the permit requirements for insurance. Exxon’s own modelling shows that an oil spill will not be confined to Guyana, but…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 108 – April 9, 2023 Introduction Part 107 of this column took up the issue of the construction of a Head Office building by Esso Exploration and Production Guyana Limited at Ogle, ECD and asserted that the whole saga is rife with misrepresentation,…
