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...

Kaieteur News – The Guyana Revenue Authority (GRA) income tax collection slipped during the first half of 2025 by 4.9 percent to $123.4 billion at the end of June, when compared to the same period in 2024. This is according to the Bank of Guyana Half-Year Report. Central Bank noted that total current revenues, excluding...

By Stabroek News November 10, 2025 While weeks ago it seemed that Guyana and ExxonMobil Guyana Limited (EMGL) were close to signing an agreement to begin the sole expert process to resolve the US$214 million in disputed expenses identified in the IHS Markit audit report on the expenses claimed by ExxonMobil for the period 1999...

By Davina Bagot Kaieteur News – American oil major, ExxonMobil has reported the payment of US$1.2B in taxes to the government of Guyana (GoG) for the year 2024. In a Securities and Exchange Commission (SEC) filing made on Friday, the company in a specialized report to its shareholders explained that the document was prepared and...

…says Govt. also guilty of deception Kaieteur News – Amid growing concerns over the discrepancy between Guyana’s reported oil revenues of US$2.6 billion and the US$10.4 billion in profits declared by the Stabroek Block co-venturers, Chartered Accountant Christopher Ram has said that while the country’s leaders boast about revenue inflows, the foundational elements of transparency...

Kaieteur News acknowledges the June 22, 2025 statement issued by the Ministry of Natural Resources (MNR), attempting to address the growing disquiet over the discrepancy between Guyana’s reported oil revenues of US$2.6 billion and the US$10+ billion in profits declared by the Stabroek Block co-venturers. Unfortunately, the Ministry’s response is inadequate, evasive, and in places,...

Kaieteur News – Hess Guyana Exploration Ltd. reported an income tax expense of $219.33 billion for 2024, and under the Stabroek Block Production Sharing Agreement (PSA), this tax was not paid by the company but covered from the Government of Guyana’s share of profit oil. Hess’ $219.33 billion in taxes for 2024 is an increase...

By Stabroek News June 14, 2025 Dear Editor, It is sickening to look and listen to a daily diet of the PPP/C’s blatant falsehoods suggesting that the terms in the lop-sided Oil Contracts were created by the APNU/AFC Coalition – a lie perpetrated to cover-up the PPP/C’s spinelessness in not seeking Contract renegotiations to make...

By Christopher Ram June 6, 2025 Every Man, Woman and Child Must Become Oil-Minded Part 159 1. Overview Earlier this week ExxonMobil Guyana Limited (EMGL) summoned the Guyana press to the launch of its 2024 Annual Report. Two conditions: only questions on the financial statements would be entertained and the number of questions strictly restricted....