…as Govt. allows companies to show disrespect for Laws – Int’l Lawyer Kaieteur News – International Lawyer and Transparency Advocate, Melinda Janki, is convinced that the People’s Progressive Party Civic (PPP/C) Government is more interested in serving the interests of players in the oil industry even if it means leaving the citizenry worse off. In...

Kaieteur News – With Vice President (VP), Bharrat Jagdeo throwing his support behind, ExxonMobil’s claim that Guyana was getting 52% profit from the oil resources in the Stabroek Block, Kaieteur News Publisher, Glenn Lall, said this assertion could not be further from the truth. He also said that as head of the petroleum sector here,...

Kaieteur News – Businessman, Glenn Lall has denounced US oil giant ExxonMobil for erecting a billboard just over the Demerara Harbour Bridge with a message that Guyana is getting 52% out of the Stabroek Block deal. The company also indicated on the billboard that Guyana has received more than $280B since oil production started here...

Kaieteur News – Hess Corporation’s Chief Executive Officer (CEO), John Hess, recently assured investors that while project developments and exploration programmes at the Stabroek Block are moving at industry leading speeds, they have nothing to fear. Profits, he said, will remain sky-high. During a recent Bank of America’s Energy Conference, Hess explained that the Production...

Kaieteur News – After examining the extent to which many African oil-producing nations have been used and abused by oil companies and their sub-contractors and/or related parties, Oxfam America, a transparency watchdog, says Guyana and other new oil players must take note and urgently implement mechanisms to protect its people. According to the global research...

…as Govt. continues to violate EITI standards Kaieteur News – The Government of Guyana is continuing to violate the Extractive Industries Transparency Initiative (EITI) standards that require full publication of oil sales agreement, as yet another deal remains in the dark. Notably, Guyana just awarded BP International Limited, a subsidiary of British Petroleum a contract...

Kaieteur News – Guyana intends to use its oil wealth to among other things, protect itself from the harsh effects of climate change. Local stakeholders have said that Guyana’s oil windfall could bring some insurance against adverse changes in the same way it is being utilised for infrastructural development. This is despite the unusual oil...

Kaieteur News – American oil giant, ExxonMobil Corporation was named among three US Oil Majors who are lagging behind with their Global Reporting Initiative (GRI) standard tax-reports. This is according to Ian Gary, Director of the Financial Accountability and Corporate Transparency (FACT) Coalition. The FACT Coalition is a US based organisation that fights offshore tax...

Kaieteur News – The Oil and Gas Governance Network (OGGN), a civil society organization, is demanding that the terms announced by Government for future Production Sharing Agreements (PSAs) be applied to the Stabroek Block where over 11 billion barrels of oil have already been discovered. One of its members, Darshanand Khusial in a letter to...