Unravelling the Govt-created mystery of Guyana’s Oil Reserves
I didn’t know whether to laugh or cry upon reading the Govt’s recent response to…
Unravelling the Govt-created mystery of Guyana’s Oil Reserves
I didn’t know whether to laugh or cry upon reading the Govt’s recent response to a Kaieteur News (KN) question concerning Guyana’s oil reserves – a subject the Govt has turned into a mystery, if not their privileged information. In other words, screw the people of Guyana who owns the oil! Govt elitists still can’t…
What does Guyana gain from the buying and selling of petroleum concessions? A big fat gander egg
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 of 600 graticular blocks in…
Proposed questions for the BBC’s World Questions debate on Guyana’s political and economic future
Dear Editor, According to a BBC press release, https://www.bbc.co.uk/mediacentre/2026/world-questions-guyana, it was announced that on Tuesday, March 10, BBC World Questions will travel to Guyana to debate the nation’s political and economic future. The discussion will focus heavily on Guyana’s vast oil and gas reserves. Panelists will include Dr. Ashni Singh, Minister of Finance, and Ms. Tabitha…
Questions that the moderator of the BBC programme may wish to put
My letter is directed at the BBC World Questions programme. If I understand correctly, the visit has been induced by the BBC noting that Guyana’s GDP per person is now high because of the export value of ExxonMobil’s offshore deep-water oil, a resource in excess of 11.6 billion barrels of oil and 13-16 trillion standard…
Guyanese will not fall for Exxon flashing US$100m considering the many indignities
The incomparable columnist and master of our lingo, GHK Lall, and my esteemed Oil & Gas Governance Network (OGGN) colleagues deserve high praise for their recent shining of light on the real story behind the grandiose US$100 ($10 MM annually for 10 years) gift to Guyana’s Science Technology Engineering & Mathematics (STEM) programme. As someone…
Oil and gas conference ducked critical issues, excluded opposition
Letter writer Mr. Hemdutt Kumar gets the award for his befitting portrayal of the recent Energy Conference as “a shrine to greed disguised as progress” and “A government that sells a global illusion while hiding local decay, masters of narrative, and merchants of vanity.” The programme boasted close to 100 speakers including 20 senior Government…
ExxonMobil’s US$100M commitment to Guyana’s STEM education constitutes less than 1% of year 2024 taxes under a more equitable arrangement
A high-calibre delegation from ExxonMobil, led by its Chief Executive Officer and Chairman, Darren Woods, is currently visiting Guyana. On the occasion of a welcome dinner for the visiting delegation, hosted by President Irfaan Ali on the evening of the 56th Republic Anniver-sary observance, Mr Woods unveiled a US$100 million programme to advance training in…
Guyana’s income from petroleum management compared with Gulf of Mexico and Pennsylvania
Income from new shallow-water blocks offshore Guyana versus Gulf of Mexico Minister Vickram Bharrat was pleased to remind the National Assembly during the second day of the Budget 2026 debates that Guyana had gained USD 22 million from ‘two recently signed petroleum agreements’ (https://dpi.gov.gy/ppp-cs-transparent-oil-management-sets-guyana-apart-from-coalitions-secretive-record-min-bharrat/). It was not clear from where the Minister found his USD…
Government Signs Secret Deal Extending 2016–2057 Agreement
Every man, woman and child must become oil-minded Part 176On 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 signature…
How can Guyana receive a fair share of revenue from its oil?
The 2016 Stabroek PSA allows the operator, ExxonMobil Guyana Ltd. (EMGL) to deduct massive expenses against current production—including costs from unsuccessful exploration elsewhere (due to lack of ring-fencing). Because the contract permits up to 75% of oil produced, on a monthly basis, to be used to pay off these Recoverable Contract Costs, we show below…
