The Road To First Oil

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 147 Introduction Last week’s part 1 of this mini-series dealt mainly with the court case and subsequent renegotiation of the Churchill Falls Hydro project in the Canadian province of Newfoundland and Labrador.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 146 Introduction Contrary to the clear wishes of the Ali Administration and its sidekick ExxonMobil, the call for the renegotiation of the 2016 Production Sharing Agreement (Exxon PSA) will not likely end soon.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 144 Thanksgiving has been silently making its presence felt in Guyana with the Black Friday sale looked forward to by shoppers spending on things they do not need because they will save on Black Friday spending.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 143 Introduction The world continues to process the stunning outcome of Tuesday’s U.S.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 142 Introduction The response to Ram & McRae’s recent survey on the 2016 Petroleum Agreement was revealing, particularly Vice President Bharrat Jagdeo’s immediate dismissal of its findings and his attempt to shut down any discussion of a referendum.

Introduction Survey shows overwhelming support for renegotiation of Petroleum Agreement Introduction The results of a recent survey on the 2016 Petroleum Agreement with ExxonMobil and partners reveal overwhelming public support for renegotiation, with serious concerns about key provisions of the Agreement.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 140 Introduction President Irfaan Ali enjoys his encounters with international journalists, including BBC’s Steve Sackur and more recently New York Times’ International Climate Correspondent, Somini Sengupta.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 137 Introduction Last week I called out the political leaders for their timidity and dishonesty for hiding behind “sanctity of contract”.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 136 Introduction Over the past three weeks, this Column has shown how the PPP/C has reversed its pre-election promise to review and renegotiate the 2016 Petroleum Agreement.

Every Man, Woman and Child in Guyana  Must Become Oil-Minded Column 134 Introduction This column is a continuation from last week which featured an adaptation of a presentation I made at an OGGN sponsored activity in New York last July 27.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 133 Introduction This column is an adaptation of a presentation I made at an OGGN sponsored activity in New York last July 27.

Business and Economic Commentary by Christopher Ram Court setback Banks DIH Limited and its newly minted holding company Banks DIH Holdings Inc.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 132 Modest investment, gargantuan returns Last week’s column completed the review of the published financial statements of the three companies which signed the 2016 Agreement for the Stabroek Block.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131 Introduction Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 130 Introduction This week’s column features the financial statements of the Guyana branch of ExxonMobil Guyana Limited, a 45% stakeholder, and the designated Operator, in the Stabroek Block.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 129 Introduction On 29th December 2023, in a letter to the press, I argued that the Natural Resource Fund was overstated by G$274 BN.,

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 128 Introduction The two previous parts on this subject carried on Tuesday (21st.)

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 127 Introduction Yesterday’s column addressed three Guarantee and Indemnity Agreements (GIA) granted by the oil companies to the Environmental Protection Agency.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 126   Introduction The Official Gazette of 11 May 2023 published two documents – a Guarantee and Indemnity Agreement  dated 9th June 2023 (GIA) and a Contract of Insurance effective 1st.

Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 125 Introduction The disagreement involving the three Contractors under the 2016 Agreement (Exxon Guyana, Mobil, Hess and CNOOC) and Chevron over the friendly takeover of Hess by Chevron has gone to arbitration in the United States.