As of August 2025, there are now 4 deepwater oil operations in production, altogether capable of pumping 900,000 barrels of oil equivalent (boe) a day, or US$1.8 billion in oil revenue per month, at today’s oil prices. There have been repeated calls for these projects to be ring-fenced. To quote Christopher Ram’s definition of Ring-Fencing,…
Among the disclosures which ‘top miner’ Azeem ‘Junior’ Baksh made to journalist Travis Chase on 27 March 2025, and aired on 12 August 2025, (https://www.facebook.com/watch/?v=3980217925561620) were his interactions pertaining to the Geology and Mines Commission (GGMC) Closed Areas Committee. ‘Closed Areas’ refer to lands hitherto held under large-scale Prospecting Licences that are progressively released by…
OGGN is making it simple for the next government to call for renegotiation of the 2016 Stabroek Block Production Sharing Agreement (PSA) by writing the template that can be used by the government to initiate the renegotiation process according to the terms of the contract. Here is the letter: Alistair Routledge, President ExxonMobil Guyana Dear…
2025 Manifestos – This time it is the PPP/C’s Record on the Line By Christopher Ram On August 22, 2025 @ 2:01 am In The Road To First Oil | Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 167 Introduction The electorate in 2020 punished APNU+AFC for the lopsided 2016 Petroleum…
On 27 August 2023, the Guyana Chronicle reported on a Guyana Gold & Diamond Miners Association (GGDMA) awards ceremony: ‘Among the distinguished awardees were: … Gold Target Export – Recognized as the leader among Top Gold Traders’. One of the photographs featured in the Guyana Chronicle report was of Azeem Baksh, of Gold Target Export,…
On July 2nd, 2025, Stabroek News published a letter from the Vice President and Chief Financial Officer (CFO) of ExxonMobil Guyana Limited (EMGL) disputing Chris Ram’s assertion that the 2024 financials for the Stabroek Block consortium (consisting of EMGL, HESS Guyana, and CNOOC Guyana) represent “a fundamental distortion that demands immediate investigation, attention, transparency and…
Stacked Expense Bar Chart Total revenue of US$43.5 billion under different expense scenarios
Part I: When Business Disputes Expose Underground Networks Introduction The leak of an explosive March 25, 2025, interview between businessman Azeem ‘Junior’ Baksh of Gold Target Imports and intrepid journalist Travis Chase has triggered more than just a public clash between wealthy businessmen. Baksh detailed what he described as a “harrowing” gold importation scheme, claiming…
Crude Oil Extraction Value by Year Crude Oil Extraction Value (2020-2024) $43.5B Total Value 1,590% Growth (2020-2024) $18.0B Peak Year (2024)
In Canada, it is estimated that the average family pays 42% of their income in taxes (see https://tinyurl.com/bdapxsrt). Corporations also pay taxes which range across the provinces, but in large provinces like Ontario, the corporate rate works out to about 23.5%. People in Canada receive significant benefits from taxes, such as unemployment insurance, subsidized dental care…
