…Govt. silent as full 50-50 profit split now due By: Davina Bagot (Kaieteur News) – ExxonMobil has recovered all of its investments made in Guyana to date, a development that now entitles the country to benefit from 50% or half of the oil being produced in the Stabroek Block. The revelation was made by the...

(Kaieteur News) – Since Guyana began earning from its petroleum sector in 2020 to December 2025, the country amassed US$7.7 billion in revenue, a mere fraction of what it could have earned through the implementation of a ring-fencing provision. The Oil and Gas Governance Network (OGGN) in a letter to Kaieteur News on Monday highlighted...

(Kaieteur News) – The interim leader of the Alliance For Change (AFC), David Patterson is calling on the government of Guyana (GoG) to investigate reports of defective foundation works at the flagship Gas-to-Energy (GTE) still under construction at Wales, West Bank Demerara. In an interview with this newspaper, Patterson said, “there have been reports of...

THE 592 GUARDIAN ◊ Independent Accountability Journalism ◊Guyana ◊ EDITORIAL / INVESTIGATIVE Foundations of Doubt: The Wales Concrete Scandal and the Case for an Immediate Halt Reports that turbine-supporting concrete at the Wales Gas-to-Energy site has failed to meet specification are not a footnote. They are a warning. Guyana has already paid once for ignoring...

See joint statement from the Environmental Protection Agency (EPA) and the Maritime Administration Department (MARAD): The Environmental Protection Agency (EPA) and the Maritime Administration Department (MARAD) wish to jointly address recent reports circulating in the media alleging that the natural gas pipeline supplying the 300 megawatt Gas-to-Energy facility at Wales, West Coast Demerara, has ruptured....

….as fears grow over delays and costly repairs (Kaieteur News) – Fresh concerns have surfaced over the quality of concrete used in the foundations of Guyana’s multi-billion-dollar Gas-to-Energy (GTE) project, with allegations that critical structural elements at the Wales, West Bank Demerara site have failed to meet required engineering standards. The concerns center on the...

…says oil giants sold off Trinidad’s production equipment, pocketed cash (Kaieteur News) – Each piece of material and equipment used in the production of oil and gas, from tiny screws and drill bits to the massive Floating Production Storage and Offloading vessels (FPSOs) that operate in the Stabroek Block are paid for by Guyana’s oil...

(Kaieteur News) – Two of the three Stabroek Block partners have made no investment in the Stabroek Block for the last two years according to financial statements published by the companies. Hess Guyana Exploration Limited, a 30% shareholder, in its 2025 financial statement revealed that no contributions from the head office were made for the...

(Kaieteur News) – ExxonMobil Guyana Limited (EMGL) in 2025 handed Guyana an $82B bill it said it racked up for oil production-related expenses. The company’s financial statements for the year were shared with the media early in June during a press conference at its Ogle, East Coast Demerara (ECD) headquarters. According to the company’s financials,...

(Kaieteur News) – Guyana has paid off ExxonMobil the full cost of seven oil projects approved to date by the Government of Guyana (GoG), yet, the country is still to begin receiving its full 50% profits in accordance with the 2016 Production Sharing Agreement (PSA). At its press conference earlier this month, Exxon’s Vice President...