Kaieteur News – The unbelievably exorbitant tax giveaways in the 2016 Stabroek Block Production Sharing Agreement (PSA) have more detrimental effects on Guyana’s actual take than what meets the eye. The International Monetary Fund, the World Bank and even the Inter-American Development Bank have said for years that Guyana petroleum deal with ExxonMobil and its...

By Troy Thomas Troy Thomas is former president and a current member of Transparency Institute Guyana Inc. and he remains active in civil society On October 30, 2020, the local press featured the positive result of a legal action that I had brought to ensure that the environmental permits granted to ExxonMobil conform to the...

Kaieteur News – By Davina Bagot Underscoring the importance of contract sanctity to investors, ExxonMobil yesterday hinted that it was willing to discuss with government the local content areas it can give more to but drew the line at any renegotiation of the controversial 2016 Production Sharing Agreement (PSA). “Contract sanctity is a fundamental principle...

By Denis Chabrol The Guyana Revenue Authority (GRA) is preparing to audit ExxonMobil’s operations, even as it prepares to staff a special Oil and Gas Unit with as much as 100 persons by 2020 when the country is expected to earn at least US$700 million annually from oil production, GRA Commissioner General, Godfrey Statia said...