Chris Ram's Articles

Sifting Through Financial Transparency: A Closer Look at CNOOC’s Performance in Guyana’s Oil Sector

Every Man, Woman and Child in Guyana Must Become Oil-Minded This was Published on June 21, 2021 Introduction This column which last appeared on April 17, 2020, is returning for a short series. It will feature the 2020 financial performance of the three companies which signed a petroleum agreement with the Government of Guyana for…

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Chris Ram's Articles

Government to pay $5,391 million Corporation Tax for oil companies reporting after tax profits of $16,175 million.

 Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 89 – June 18, 2021 Introduction This second part of a mini-series on the three oil companies which operate the Liza 1 project under the Stabroek Block reviews the 2020 financial statements of the Guyana branch of Hess Guyana Exploration Limited (Hess). For…

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Chris Ram's Articles

The truth about the Royalty in the Esso/Hess/CNOOC-Nexen Petroleum Agreement

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 76 – September 6, 2019 Introduction For some time, questions have been raised about the royalty provisions in the 2016 Agreement under which Trotman/Greenidge/Granger partially signed away the birthright of all Guyanese past, present and future. This short column seeks to identify both…

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