News Editor

ExxonMobil Guyana Limited, Chevron, and CNOOC Employ Two-Pocket Accounting to Squeeze Guyana’s Profit Share by US$9.1 Billion

In a recent KN Article (https://kaieteurnewsonline.com/2026/04/19/exxon-and-partners-profits-soar-to-us29b-in-5-years-while-guyana-received-us5-4b-in-50-50-partnership/), it was pointed out that during the period 2020 to 2024, Guyana’s share of profit oil, which should have amounted to 50 percent of total profit (Article 11.4, 2016 PSA), was far less than expected. In fact, instead of Guyana receiving US$14.5 Billion, Guyana only received US$5.4 Billion, a shortfall of…

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Solar power vs. expensive Gas-to-Energy project

              The Kaieteur News editorial of Saturday April 11 on the Aurora Gold Mines (AGM)[i] solar farm displays current evidence of my advocacy of solar power instead of the expensive Gas-to-Energy (GtE) project, which enriches foreign investors and contractors.               12 years ago, I set up a small home solar power system, which still supplies…

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