Dr Clive Thomas

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Articles by Dr Clive Thomas

The IDB on the fiscal mechanisms of its PSAs

Introduction To round off my evaluation of Guyana’s emergent oil and gas sector in its very first year, I shall report in coming columns on the Inter-American Development Bank’s (IDB) Technical Note, IDB-TN-1994, published August, 2020 and entitled, ‘Traversing a Slippery Slope: Guyana’s Oil Opportunity.’

Guyana’s Infant Oil & Gas Sector: Counting the cost of lagging 2020 output

Introduction Last week’s column continued my examination of the likely impact of the 2020 global general crisis on crude oil prices in world markets this year; and, following that, on the price obtained for Guyana’s Liza crude, as reflected in the price received for Government of Guyana, GoG, petroleum lifts, earned through its Production Sharing Agreement, PSA, with ExxonMobil and its partners.

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