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…
Dear Editor, ExxonMobil will have its annual shareholder meeting on Wednesday May 31st, 2023. During this meeting, shareholders will vote on a number of resolutions raised. These resolutions were outlined in its 2023 Proxy statement, a copy can be found here: https://investor.exxonmobil.com/company-information/annual-reports-proxy. Shareholder resolution #10 is concerned with Guyana and seeks additional reporting on worst-case spill…
Dear Editor, In recent letters to the press, Robin Singh, a person who is yet to apologise for publicly labelling me and some members of civil society treasonous, is peddling more illogic. He seems to have now awakened to the concept of ‘unlimited’, as in parent company guarantee (PCG). It was already there to be…
By Stabroek News October 11, 2022 Dear Editor, Permit me to respond to Joel Bhagwandin’s letter in SN of October 8th, captioned, ‘The overall objective of the PSA is to obtain a higher profit share after fully recouping investment costs’; but before doing so, I would like to recommend that Joel Bhagwandin take some finance…
By Stabroek News August 16, 2022 Dear Editor, Please allow me the opportunity to respond to the letter dated August 14, 2022 written by Joel Bhagwandin, Financial Analyst, captioned, “The points raised by Dr. Hunte were discussed more comprehensively in another report.” Having read the Financial Analyst response, I have one comment that is best…
By Stabroek News August 10, 2022 Dear Editor, Permit me to respond to a letter dated August 6, 2022 written by Joel Bhagwandin, Financial Analyst, captioned,’ Guyana poised to earn close to US$5b annually when the four approved oil platforms are producing concurrently’. In that letter, it is stated that,’ Professor Hunte failed to cite…
By Stabroek News July 17, 2022 Dear Editor, In a recent article it was reported that Vice President Jagdeo stated, among other things, that a larger share of its oil revenues sooner, would not benefit the country. In fact, if it comes in, he said, “…we can’t spend it all… (positing that) …it comes inflationary.” Certainly,…
By Stabroek News September 21, 2022 Dear Editor, In a SN article dated 8/15/2022 and captioned, ‘Guyana set to receive 12 lifts of profit oil for 2022 – Ministry’, it is reported ‘…that the expected total production of oil in 2022 is 93.6 million barrels of oil… (from which) …Guyana will get an estimated 12…
