Oct 02, 2022
“Simply put, sanctity of contract means, an agreement made freely, knowingly, put fairly by competent parties, must be kept” By Kiana Wilburg Kaieteur News – Though the 2016 Stabroek Block Production Sharing Agreement (PSA) has been heavily criticized for having a gross number of fiscal weaknesses, the PPP/C administration has maintained that no renegotiation will...
Sep 27, 2022
Kaieteur News – As the Government of Guyana (GoG) maintains its position of non-renegotiation of the 2016 Production Sharing Agreement (PSA) with US oil major ExxonMobil, former Guyana Ambassador, Dr. Kenrick Hunte said the country would be worse off when the resource is exhausted. In one of his recent writings, Dr. Hunte, a Professor of...
Sep 26, 2022
Kaieteur News – With very little representation of oil and gas workers in the sector, labour rights stakeholders continue to highlight the woes of local employees, with specific reference now being made toward petroleum staffers being placed on contracts, and how employers are able to circumvent their responsibility them. In an invited comment the Guyana...
Sep 25, 2022
Stabroek News – President of the Transparency Institute of Guyana Inc (TIGI) Fredericks Collins and another Guyanese citizen, Godfrey Whyte, have moved to the High Court to get the Environmental Protection Agency (EPA) to enforce the liability clause in the permits issued to ExxonMobil Guyana for its offshore oil operations. The case was filed in...
Sep 17, 2022
By Davina Bagot Kaieteur News – Shadow Oil and Gas Minister, David Patterson is adamant that the 2016 Production Sharing Agreement (PSA) can be renegotiated, as changes to the contract were already made when the two parties – government and ExxonMobil – agreed to make it pellucid that royalty payments would not be recovered as...
Aug 07, 2022
…delaying energy transition – environmental activist Oil companies “wringing humanity dry” for massive profits Aug 07, 2022 News …delaying energy transition – environmental activist Kaieteur News – Oil companies are recording massive profits due to high oil prices stemming from the imbalance in the supply and demand chain. Stakeholders are nonetheless holding operators responsible for...
Aug 07, 2022
Kaieteur News – By Kiana Wilburg Kaieteur News – Guyanese stakeholders from both government and private sector, collectively demonstrated on Friday last, that their desire to truly understand the extent to which the nation will benefit from its oil resources shall not be a superficial exercise. This much was clear to a Norwegian company called...
Jul 12, 2022
Kaieteur News – By Kiana Wilburg One year later… When one considers amendments made to the Petroleum Prospecting Agreement for the Kaieteur Block, it is clear that ExxonMobil’s affiliate, Esso Exploration and Production Guyana (EEPGL), is more than one year late on the relinquishment of 45 percent of the highly prospective offshore concession. The Kaieteur...
Jul 08, 2022
…Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 100 By Christopher Ram 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 signed its...
Jun 28, 2022
Kaieteur News – …resulted in country getting far less Kaieteur News – The Production Sharing Agreement (PSA) has been described as lopsided and unfair by Guyanese leaders from both sides of the political divide and continued perusal of that contract illustrates numerous ways in which the country has agreed to lose money. This was also...
