• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 18 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours U.S. Presidential Elections Status - Electoral Votes
  • 1 day Evergrande is going Belly Up.
  • 1 day Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 18 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 4 days Poland Expands LNG Powered Trucking and Fueling Stations
  • 4 hours Europeans and Americans are beginning to see the results of depending on renewables.
  • 5 days World’s Biggest Battery In California Overheats, Shuts Down
  • 3 days The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 23 hours Forecasts for Natural Gas
  • 3 days Ten Years of Plunging Solar Prices
  • 3 days Extraction of gasoline from crude oil.
Strong Dollar Keeps Lid On Oil Price Rally

Strong Dollar Keeps Lid On Oil Price Rally

Oil prices rose this week…

5 Oil Stocks That Yielded 100% Returns In 2021

5 Oil Stocks That Yielded 100% Returns In 2021

Description: As oil and gas…

Kuwait’s Oil Production Plans Are Beyond Ambitious

Kuwait’s Oil Production Plans Are Beyond Ambitious

Kuwait’s recent plans to invest…

Editorial Dept

Editorial Dept

More Info

Premium Content

Is Guyana’s Oil Boom Under Threat?

Exxon in Guyana: Politics is on Oil’s Side

No one is going to rock Exxon’s boat seriously in Guyana. Not with 16 discoveries and stellar first production that went online way ahead of schedule - a feat almost unheard of in the deep offshore waters and their tricky geology. 

Still, investors will be concerned, and we know because hedge funds are asking us whether they should be or not. 

It’s always best to be cautious; but in this case, it’s important to understand the political dynamic in Guyana. Yes, Exxon got a wonderful deal for Guyana’s first oil. That’s how these deals usually work out for country’s that haven’t produced any real oil before. Good deals bring in the biggest E&P companies to get things off the ground. 

On the eve of critical elections in Guyana, and as first production has launched, a report by Global Witness accuses the government of cheating the public out of $55 billion in the 2016 deal with Exxon. The timing of the report will play into the hands of a polarized society that will choose between two parties whose chief ambition is to control the use of those brand new oil revenues, making this election the most critical in Guyana’s modern history. Guyana’s two-party system is entirely based on ethnicity, with the current ruling party being the Afro-Guyanese ANPU-AFC and the opposition People’s Progressive Party being Indo-Guyanese. The 2016 deal…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News