In response to a question from local reporters on oil extraction in Guyana, Stabroek News (US taxpayers not subsidising Exxon’s operations here, October 14, 2025) reported that Mr. Alistair Rout-ledge, President of ExxonMobil Guyana Ltd. (EMGL) Country President, stated at a press conference on October 13, 2025, that “prior to 2023 we were not making…
The audacity of the two-page government ad celebrating Caribbean Statistics Day 2025 in yesterday’s issue of Stabroek News (October 15, 2025) is simply stunning to any informed reader. The 2022 National Census was completed in the latter part of 2022. Yet, despite repeated promises by the PPP-led government, especially in the lead-up to the 2025…
From EMGL’s Alistair Routledge on Oct 13th, 2025: “…And you’ll recall that prior to 2023 we were not making profits here in Guyana. So there were no tax credits from that….”, see https://www.stabroeknews.com/2025/10/14/news/guyana/us-taxpayers-not-subsidising-exxons-operations-here/ Judge for YOURSELF: In USD using an exchange rate of 210.50. Financial Statement ESSO EXPLORATION AND PRODUCTION GUYANA LIMITED (GUYANA BRANCH) STATEMENT…
Recently, the Government of Guyana approved the US$6.8 Billion Hammer-head oil extraction project which is expected to produce 150,000 barrels of oil per day, with first oil projected for 2029 (SN Article: Ram https://www.stabroeknews.com/2025/09/26/ features/the-road-to-first-oil/while-guyana-celebrates-hammerhead-america-investigates/ ). It was reported also that the total commercial quantity of oil to be extracted from Hammerhead is set at 445…
Original source: https://investor.exxonmobil.com/sec-filings/all-sec-filings/content/0000034088-25-000052/0000034088-25-000052.pdf
On Monday, September 1, 2025, the people of Guyana will head to the polls in what may be the most consequential General and Regional Elections since independence in 1966. The Oil and Gas Governance Network (OGGN) is committed to safeguarding Guyana’s resources, strengthening democratic institutions, and ensuring that the blessings of our oil wealth truly…
The 2016 Petroleum Sharing Agreement does not contain any Article on ring-fencing. Does this omission give the oil companies the rights to do just as they please? There is no Amendment or addendum that permits the oil companies to subtract unlimited exploration and drilling costs from the extraction and sales of crude oil. The 2016…
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…
