Nelson Low News Today

Oil companies operating in the United Kingdom (UK) will continue to face taxes on the massive windfall of revenue they are poised to receive, even as the government of Guyana (GoG) is opposed to the introduction of such fiscal policies locally and continue to waive billions in taxes from US oil giant, ExxonMobil.

The Singapore University of Technology and Design (SUTD) is dipping its toes into 3D bus advertisements with a new set of complex ads that feature massive three-dimensional robotic arms sticking out of the roof of buses.

The People’s National Congress Reform (PNCR) has finally revealed its position on the oil and gas sector.

Tons of bricks would fall on Exxon. This is the punishment Guyana’s Vice President Bharrat Jagdeo said will be administered should the multinational oil corporation, ExxonMobil refuse to allow Guyana to audit its expenses after the two-year deadline, prescribed by the ‘binding’ oil contract, would have elapsed.

Tons of bricks would fall on Exxon. This is the punishment Guyana’s Vice President Bharrat Jagdeo said will be administered should the multinational oil corporation, ExxonMobil refuse to allow Guyana to audit its expenses after the two-year deadline, prescribed by the ‘binding’ oil contract, would have elapsed.

The 2016 Production Sharing Agreement (PSA) Guyana inked with oil major, ExxonMobil, and its partners allows for an audit of its yearly expenses to be conducted within two years, at the end of that calendar year.

I am unfortunately called to correct blatant inaccuracies second Vice President Jagdeo has relayed regarding my recent statements. In addition, the government, panicked about the recent revelations of wanton secrecy in auditing Stabroek Block expenses, has sought to attack my competence, rather than address the elephant in the room, which is that Guyanese do not trust them to audit Exxon’s expenses. I would like to take this opportunity to make the Guyanese public aware that I hold a certifica...

Vice President, Dr. Bharrat Jagdeo said yesterday that citizens are justified in being concerned about the length of time it is taking authorities to complete the audit of US$1.6B in expenses racked up by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL).

The political Opposition is of the view that the Government of Guyana (GoG) is uninterested in recovering US-millions that the country may have lost due to unfair practices by oil giant, ExxonMobil during the period 1999-2017.

Vice President Bharrat Jagdeo recently signaled the government’s position to fast track the petroleum sector over the next 15 years, but given the current management regime, the Opposition believes this may very well set the nation up to lose billions of dollars and even expose the nation to a greater risk of disaster.