Latest update May 14th, 2026 12:35 AM
Latest News
THE BLUNT OF THE DAY
Sports
2026/27 West Indies 4-Day Championship…GHE vs. WIA Day 4 By Clifton Ross Kaieteur Sports – Arguably one of the more intense, mountainous come-from-behind wins in contemporary Regional 4-Day...
Features/Columnists
(Kaieteur News) – We are told that the reason regular government press conferences have disappeared is because the administration has moved from “campaign mode” into “implementation mode.” In other words, governing has apparently become too demanding an occupation to permit the...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) – Migration policy is a matter of sovereign control. Governments assert, rightly, their authority to regulate borders, determine who may enter, and enforce their laws. The United States has that right, as does every sovereign state. All Caribbean governments...
The GHK Lall Column
Hard Truths by GHK Lall (Kaieteur News) – Sanctity of contract has a resonant ring. In isolation. Sanctity of contract placed next to sanctity of sovereignty doesn’t have a leg on which to stand. It pales. It must fade. For what does sanctity of contract do to sanctity of...
Weekend Cartoon
Exxon is a freeloader!
Sep 29, 2020 Front Page Comment, News
Exxon is saddling the Guyanese people with hundreds of millions of US dollars in PRE-CONTRACT COSTS. Even before, Guyana earned a single dollar from the company’s operations, it was billed US$460 for pre-contract costs up to 2015 and another US$500M for the period between 2015 and 2017, making a grand total of US$960M.
To add insult to injury, no Guyanese can verify what Exxon is doing a hundred plus miles off our coast. Yet, Exxon has billed us, and we have agreed to pay, almost a billion US dollars for things which we cannot verify. Why would our government agree to pay such costs?
Having given away the Canje and Kaieteur Oil Blocks in a secret deal to mysterious friends, it as if we are now paying Exxon, through these exorbitant pre-contract costs, to take the blocks off of our hands.
Exxon is ruthlessly taking advantage of Guyana’s lack of experience in the oil industry. And they are doing this with the connivance of our political leaders.
If we continue this way, the oil may not mean prosperity but tragedy.
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles