Lack of ring-fencing cut Guyana’s 2025 profit-oil entitlement by US$4.9b
Dear Editor, As of 2026, there are now 4 deepwater oil operations in production, altogether sometimes pumping 930,000 barrels of oil equivalent (boe) a day, or US$2.4 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,…
