SAD TO SAY

It is sad to say that the Global Witness report, “Signed Away,” analyzing EEPGL’s (the ExxonMobil controlled Esso Exploration and Production Guyana Limited) agreement with Guyana and the damning circumstances leading up to its signing, will not influence the vote of more than a handful of people, if so many, at the elections on March […]

DEAD MEAT

The AFC declared on Monday last that it would be contesting the November 12 local government elections on its own. It could be that in the discussions between the parties the AFC put forward for the local government elections the same formula agreed in the Cummingsburg Accord, signed by the parties on February 14, 2015. […]

SWEEP AWAY THE COBWEB

An extensive debate is currently raging in the media on the Government’s lethargic approach in preparation for the oil industry. Among the contentious issues are  legislation for local content, the sovereign wealth fund, petroleum legislation, the department of energy. The most glaring deficit appears to be the lack of expertise in Guyana on oil and […]

THE $20 BILLION QUESTION FOR GUYANA

On Friday last the New York Times published “The $20 Billion Question for Guyana.” It was a lengthy review of Guyana and the impact that the oil discovery by Exxon and its partners in offshore Guyana is likely to have. Two recent articles by the Wall Street Journal and Foreign Affairs, of world-wide reputation, like […]

500,000 Barrels A Day.

With the production of 500,000 barrels a day for 300 days a year at US$40 a barrel, the annual income would be US$6 billion. The cost of production of oil varies widely, depending on whether it is onshore or offshore and if offshore, how far away and how deep. To give some idea North Sea […]