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…
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…
