When the Pipeline Is Ready but Development Is Not: Guyana’s Gas Moment Between Opportunity and Drift

By Anthony Paul, Senior Energy and Strategy Advisor and former Director of Geology and Geophysics at the Trinidad and Tobago Ministry of Energy. The editor created these infographics for understanding, but Anthony Paul has not validated them. They may lack technical precision, but they remain a useful resource for general readers. For much of the…

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How can Guyana receive a fair share of revenue from its oil?

The 2016 Stabroek PSA allows the operator, ExxonMobil Guyana Ltd. (EMGL) to deduct massive expenses against current production—including costs from unsuccessful exploration elsewhere (due to lack of ring-fencing). Because the contract permits up to 75% of oil produced, on a monthly basis, to be used to pay off these Recoverable Contract Costs, we show below…

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Force majeure, shareholder messaging and a history of accommodation (Part II)

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 175 Today’s column concludes a two-part piece arising from comments made by ExxonMobil’s Chief Executive Officer during the company’s fourth-quarter earnings call. When Darren Woods spoke of force majeure “pausing the clock,” he was addressing shareholders and the wider investment community, not the…

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The Gov’t must clarify Guyana’s position on ExxonMobil’s CEO Woods’ comment about ‘force majeure’

In Guyanese Creolese, the word ‘basiddey’ means ‘being in a state of mental disorientation or confusion, dazed, dumbfounded’.  The oil giant ExxonMobil certainly seems to have acquired expertise in sowing a state of ‘basiddey’ in successive governments in Guyana. Relinquishing areas Last year, in early July 2025, the government announced that ExxonMobil Guyana Limited (EMGL)…

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