Resource management

Guyana has the legal means to deal with law-breaking ExxonMobil Guyana Limited

News EditorApril 14, 2024April 15, 202403 mins

Kaieteur News on 13 April reported, ‘ExxonMobil, EPA a no-show again at Natural Resources Parliamentary meeting’ (https://www.kaieteurnewsonline.com/2024/04/13/exxonmobil-epa-a-no-show-again-at-natural-resources-parliamentary-meeting/). Through your pages, I call on our elected parliamentarians and staff of the National Assembly to use the legal procedures to require both ExxonMobil Guyana Limited (EMGL) and the EPA to obey the law of the land. Standing…

Natural Resource Fund Inflows under Article 14.1 of the 2016 P.A and Section 15 of the NRF Act

News EditorJanuary 9, 2024January 9, 202401 mins

Originally Published At: https://www.chrisram.net/?p=2421

Natural Resource Fund overstated by $274,765 Mn., should be addressed as a matter of urgency.

News EditorDecember 29, 2023February 5, 2024016 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 118 – December 29, 2023 Among the several challenges facing the Natural Resource Fund (NRF) – also known internationally as a Sovereign Wealth Fund – identified in column 117 published on 22 December, was one which I described simply as “accounting”. Readers will…

Country must see Exxon’s reports for relinquishment of oil blocks – TIGI President

News EditorAugust 30, 2023September 2, 202308 mins

…Jagdeo does not own the country’s resources Kaieteur News – President of local watchdog organization, Transparency Institute Guyana Inc (TIGI) Frederick Collins is calling on the Government of Guyana (GoG) to release the reports submitted by ExxonMobil, outlining the impacts of the COVID-19 Pandemic on their operations. The quarterly reports were a prerequisite to the extension…

One cannot tell where Exxon ends and the gov’t begins

News EditorAugust 21, 2023August 23, 202306 mins

Reference is made to Elder Green’s letter titled, “This mad rush to have foreigners develop all they can find in our waters is senseless” (SN August 16th). Mr. Green is onto something here. “Go easy on exploiting our non-renewable oil resource”, he says. When it’s done, it’s done. Further he cautions, “In other words, don’t…

The Demerara channel high pressure water injection will muddy traditional fishing grounds

News EditorAugust 4, 2023August 9, 202303 mins

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…

EEPGL a ploy to plunder oil

News EditorJuly 13, 2023July 18, 202306 mins

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…

This distribution between EEPGL and Guyana is palpably inequitable and it must be changed now

News EditorJune 22, 2023July 5, 202307 mins

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…

Saving Oil Income will not be reflationary

Saving extra oil income now will not be inflationary

News EditorJuly 17, 2022June 26, 202305 mins

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,…

Regardless of the number of wells explored Guyana’s profit share remains tied to 14.5%

News EditorJuly 5, 2022June 26, 202309 mins

By Stabroek News July 5, 2022 Dear Editor, I refer to a letter published in the July 3, 2022 Sunday Stabroek, captioned, ‘Depending on the amount of wells explored Guyana’s 14.5% take will increase at some point in the future’, and I would like to make a few observations. First, the writer states that, ’… Guyana’s…

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

Exxon and Hess give thanks: A turkey named Guyana

Modi’s visit – euphoria vs reality

How Trumped is Guyana’s future? An outlook for Guyana after the US election

Referendum needed only because of Govt’s spinelessness to do its job demanding renegotiations

President Jagan was opposed to the philosophical mentality linked with handouts which I do not recall ever being repudiated by Vice-President Jagdeo

Guyana has the legal means to deal with law-breaking ExxonMobil Guyana Limited

Natural Resource Fund overstated by $274,765 Mn., should be addressed as a matter of urgency.

Country must see Exxon’s reports for relinquishment of oil blocks – TIGI President

One cannot tell where Exxon ends and the gov’t begins

The Demerara channel high pressure water injection will muddy traditional fishing grounds

EEPGL a ploy to plunder oil

Saving extra oil income now will not be inflationary