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June 7, 2026
  • CNOOC Joins the Trillion Dollar Club
  • GYEITI, Guyana Extractive Industries Transparency Initiative: What is it, and why should we care about transparency in Guyana?
  • Beyond Stratospheric – 2025 Returns for Hess
  • Gas Is Not Oil: Gas Development Without a Plan
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  • CNOOC Joins the Trillion Dollar Club

    May 24, 2026May 28, 2026
  • GYEITI, Guyana Extractive Industries Transparency Initiative: What is it, and why should we care about transparency in Guyana?

    May 20, 2026May 20, 2026
  • Beyond Stratospheric – 2025 Returns for Hess

    May 17, 2026May 20, 2026
  • Gas Is Not Oil: Gas Development Without a Plan

    May 14, 2026May 20, 2026
  • Disagree with Appeal Court devastating overturn of crucial oil spill Parent Co Guarantee

    May 11, 2026May 11, 2026
  • Pres. Ali ‘hijacked’ the term “energy balance”

    May 10, 2026May 10, 2026
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Balance sheet

Chris Ram's Articles
  • Chris Ram

EEPGL ignores tax provisions of 2016 Agreement in its 2021 financial statements

News EditorJuly 8, 2022February 5, 202405 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 100 – July 8, 2022 Introduction By a strange coincidence, this 100th. column features the 2021 financial statements of Esso Exploration and Production Limited, the designated Operator and holder of a 45% interest in the Stabroek Block under the 2016 Petroleum Agreement. Esso…

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Chris Ram's Articles
  • Chris Ram

Token GRA tax receipt helps Hess avoid paying taxes in the US

News EditorJuly 2, 2022February 5, 202407 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 99 – July 2, 2022 Introduction In this Part 99, we address our attention to the 2021 audited financial statements of Hess Exploration and Production Guyana Limited (the branch) which despite its name, is in fact a branch of a Cayman Islands incorporated…

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Chris Ram's Articles
  • Chris Ram

Esso Exploration and Production Guyana Inc. reports $6.5 billion loss in 2020

News EditorJune 22, 2021February 5, 202406 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 90 – June 22, 2021 Introduction Esso Exploration and Production Guyana Inc. (Esso), the largest of three partners in the Stabroek Block, with a 45% share under the 2016 Petroleum Agreement, has declared a loss of $6,516 million in 2020. This compares with…

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Chris Ram's Articles
  • Chris Ram

Esso’s, Hess’ and CNOOC/Nexen’s Recoverable Costs amount – Continued

News EditorAugust 2, 2019February 5, 202406 mins

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 72 – August 2, 2019 Introduction Column 71 published last week included a summary table of the Statements of Financial Position (the Balance Sheet) of the three oil companies which will lead Guyana to First Oil projected to take place during the first…

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