Part 19 Disposal of Production Recall that under a production sharing contract, costs are deducted from the value of production to arrive at profit oil to be shared between the contractor and the Government of Guyana in the proportion set out in the contract: Article 11.6.
Trotman and Turbot The good news This column keeps meeting distractions from week to week.
Introduction Today’s column looks at what is called Cost Oil, both in the petroleum industry around the world and in the Petroleum Agreements signed by Guyana with contractors.
Trotman’s new Agreement Today’s column seeks to address an issue which has largely gone under the radar because Mr.
Introduction Much is being made of the world class calibre of the advisers to the Granger Administration and Minister Raphael Trotman as they construct a path to First Oil in 2020.
The column today seeks to demystify the question of taxation and the oil companies.
Part 11 Today we conclude our review of the Petroleum Commission Bill which was begun last week in Part 10.
Introduction The absence of or rather failure to appoint inspectors and a Chief Inspector was highlighted in last week’s column.
Introduction Today we turn our attention to how the country, and more particularly the PPP/C Government and the APNU+AFC Coalition Government have managed the country’s potential and discovered petroleum resource.
In today’s column we conclude our review of the science and technology which goes into the prospecting, exploration, development and production of petroleum products.
Local Content So far, these columns have taken a narrative approach and it was intended that once all the information was placed on the table, some analysis, both critical and policy directed, could be undertaken.
“There are not many places left on earth where you can put together an acreage portfolio like this ….
The second in this series of columns on Oil and gas turns its attention to the legislative and regulatory framework for the exploration and production of oil and gas in Guyana.
As Guyana moves to First Oil – that long dreamt event with the possibility of transforming our country – it is hoped that this column will contribute to a better understanding of the vast opportunities and the unobtrusive pitfalls that await us.
2016 FactsGrowth in Real GDP of 2.6% compared with initial and revised targets of 4.4% and 4% respectively.
The current balance projects a surplus of $1,631 million, a decrease of $976 million or 37.4% over revised 2016.
Current Non-Interest Expenditure The National Budget comprises of a number of elements. These are: statutory payments which are charges on the Consolidated Fund, including appropriations for constitutional bodies and officers; public debt payments of interest and principal; Ministries, Departments and Regions and Statutory bodies.
In this section we consider the measures announced by the Minister, analyse them, evaluate their impact and discuss the extent to which they meet the economic benefits of the stakeholders Section 6 of the 2017 Budget Speech contains a staggering fifty seven paragraphs of Budget measures, some of which are regulatory rather than fiscal.
The sore issue of contract employees in the public sector, following the change of governments in 2015, continues to attract interest.
The APNU+AFC earned its razor-thin, one seat majority after the public and the electorate had become completely disenchanted with the corrupt practices of the PPP/C Government.