Kaieteur News – A 2022 Report by IHS Markit has flagged the Government’s control of state agencies, particularly those responsible for the management of the oil sector, as being a means of fast tracking and facilitating project approvals in the oil and gas sector. The document titled ‘Guyana aims to strengthen institutions to avoid petro-state...

-Guyana has received 15m barrels in profit This month marks three years since oil production began here for which this country has received some 15 million barrels in profit but there is still no Petroleum Commission to regulate the sector despite solemn promises by senior officials of the current administration. The 15 million barrels plus...

…as Govt. allows companies to show disrespect for Laws – Int’l Lawyer Kaieteur News – International Lawyer and Transparency Advocate, Melinda Janki, is convinced that the People’s Progressive Party Civic (PPP/C) Government is more interested in serving the interests of players in the oil industry even if it means leaving the citizenry worse off. In...

Kaieteur News – With Vice President (VP), Bharrat Jagdeo throwing his support behind, ExxonMobil’s claim that Guyana was getting 52% profit from the oil resources in the Stabroek Block, Kaieteur News Publisher, Glenn Lall, said this assertion could not be further from the truth. He also said that as head of the petroleum sector here,...

Kaieteur News – Businessman, Glenn Lall has denounced US oil giant ExxonMobil for erecting a billboard just over the Demerara Harbour Bridge with a message that Guyana is getting 52% out of the Stabroek Block deal. The company also indicated on the billboard that Guyana has received more than $280B since oil production started here...

Kaieteur News – Hess Corporation’s Chief Executive Officer (CEO), John Hess, recently assured investors that while project developments and exploration programmes at the Stabroek Block are moving at industry leading speeds, they have nothing to fear. Profits, he said, will remain sky-high. During a recent Bank of America’s Energy Conference, Hess explained that the Production...

Kaieteur News – After examining the extent to which many African oil-producing nations have been used and abused by oil companies and their sub-contractors and/or related parties, Oxfam America, a transparency watchdog, says Guyana and other new oil players must take note and urgently implement mechanisms to protect its people. According to the global research...

…as Govt. continues to violate EITI standards Kaieteur News – The Government of Guyana is continuing to violate the Extractive Industries Transparency Initiative (EITI) standards that require full publication of oil sales agreement, as yet another deal remains in the dark. Notably, Guyana just awarded BP International Limited, a subsidiary of British Petroleum a contract...