Christopher Ram News Today

The Government of Guyana (GoG) is awaiting a full report from its technical staff on whether the ramped-up production of oil in the Stabroek Block by ExxonMobil Guyana Limited (EMGL) constitutes a breach of the insurance and US$2B oil spill guarantee lodged by the Co-Venturers.

Senior Counsel Roysdale Forde believes that with the numerous concerns uncovered and being raised over 2016 Production Sharing Agreement (PSA) between ExxonMobil Guyana Limited (EMGL) and the Government of Guyana, including more recently, the lack of adequate insurance, the oil deals must be immediately revamped.

The capacity of the guarantors utilized by ExxonMobil, Hess and CNOOC to provide the US$2B oil spill coverage in the event of a major disaster in the Stabroek Block is being questioned by Attorney-at-Law and Chartered Accountant, Christopher Ram.

The ramping up of oil production in the Stabroek Block by American oil major, ExxonMobil is not covered by the US$2 billion oil spill guarantee provided by the Co-Venturers.

Chartered Accountant and Attorney-at-Law, Christopher Ram is warning that the insurance company can refuse to compensate the country for any damages as it knowingly allowed the operator to breach safe operating limits.

This week on New Mexico in Focus, Executive Producer Jeff Proctor speaks with Matthew Reisen from the Albuquerque Journal about a recent indictment alleging a multi-state machine gun scheme. It names but doesn’t charge former Bernalillo County...

The small South American country of Guyana has joined the ranks of oil-producing heavyweights after ExxonMobil discovered a vast store of crude-oil reserves off its shores in 2015, and its GDP has soared. Can it avoid falling victim to the resource curse that has plagued nations in the same situation? Its leaders are determined that it will.

This week on New Mexico in Focus, Gene Grant and the Line Opinion Panel explore the influence of lobbying in the state legislature. Grant asks if special interests have too much influence in the Roundhouse and if two failed disclosure bills would have...

Amid calls from the Opposition and other stakeholders for an extension in the time for scrutiny of the new model Production Sharing Agreement released by government recently, Chartered Accountant, Christopher Ram said there should be a public forum for broad and general consultations.

Chartered Accountant, Christopher Ram has reiterated his position that the current foreign currency shortage is a fallout from the 2016 Production Sharing Agreement for the Stabroek Block and he said Guyanese should note that the much vaunted Model PSA has essentially retained the old foreign exchange framework, which is the source of the problem.