United States Ambassador to Guyana, Nicole Theriot, has warned against renegotiating the Stabroek Block Production Sharing Agreement (PSA) with U.S oil giant ExxonMobil and its co-venturers. Since oil production began in Guyana in 2019, there have been sustained calls for the Government of Guyana and Exxon to agree to new fiscal terms, which would include...

…OGGN demands answers from Government (Kaieteur News) – Between 2020 and 2024, ExxonMobil, Hess and CNOOC, the Stabroek Block partners recorded massive profits, amounting to US$29B while barely US$5.4B flowed into the Natural Resource Fund (NRF) the nation’s oil account during the same period.Daily News Digest Highlighting this was the Oil and Gas Governance Network...

…condemns “amateurish” approach by Govt. (Kaieteur News) – Chartered Accountant and Attorney, Christopher Ram has called out the Government of Guyana (GoG) for what he described as “amateurish behaviour” that allows ExxonMobil to delay this country from receiving a larger portion of revenue, generated offshore.Daily News Digest During a programme hosted by the Oil and...

…pours cold water on Exxon’s claims that costs will be repaid by year-end (Kaieteur News) – The Alliance For Change (AFC) does not believe Guyana will ever enjoy its full 50 per cent profit share and repay ExxonMobil for its investments in the Stabroek Block without implementing a ring-fencing provision.Daily News Digest This mechanism would...

(Kaieteur News) – ExxonMobil Guyana Limited (EMGL) has moved to award several contracts, releasing payments to Dutch shipbuilder, SBM Offshore for an eight Floating Production, Storage and Offloading vessel (FPSO) to produce hydrocarbons at a project yet to be approved by the Government of Guyana (GoG).Daily News Digest SBM has received contracts to perform Front...

Guyana Eldorado? By Janette Bulkan ExxonMobil has concentrated on its ‘golden lane’ of wells drilled in the southeastern part of the huge Stabroek Tract (Block) concession, now of 2.68 million hectares. Exxon has also had a brief look at deeper concessions (Kaieteur Tract) and shallower areas (Canje Tract, formerly part of the original Stabroek Tract...

Dear Editor In Guyanese Creolese, the word ‘basiddey’ means ‘being in a state of mental disorientation or confusion, dazed, dumbfounded’. The oil giant ExxonMobil certainly seems to have acquired expertise in sowing a state of ‘basiddey’ in successive governments in Guyana. Relinquishing areas Last year, in early July 2025, the government announced that ExxonMobil Guyana...

Every man, woman and child must become oil-minded Part 176 On 27th October 2017, a gentleman who I had never met asked, through a third party, to see me. It was unusual but I thought why not. After exchanging brief pleasantries, he disclosed that the 2016 Petroleum Agreement signed by the APNU-led Coalition included a...

Kaieteur News – Although decommissioning of a project does not occur until after production ceases, the Stabroek Block partners have been deducting millions of US-dollars, which it still controls, for developments that are still to come on stream. This was revealed in CNOOC’s 2024 Annual Report, seen by this newspaper. The company holds a 25%...

Kaieteur News – The largest audit of ExxonMobil’s expense has been completed over 207 days ago but the report on the findings remains hidden from the public with no word from officials on when the document will be released. The review of the company’s financial activities is crucial in ensuring that Guyana received its rightful...