Guyana's Oil Deal Failures Exposed | Guyana News

Guyana News Today | 2 Min News | The Daily News Now! · Jul 3, 2026 · 1m

Guyana’s oil sector is in crisis—years of weak oversight, regulatory failures, and corporate favoritism have turned a national resource into a political mess. Since 1999, unchecked land grants, dodgy force majeure claims, and rubber-stamped license renewals have eroded safeguards meant to protect the nation. No proper petroleum commission, blurred lines between regulators and oil giants, and broken enforcement—like ignoring pre-contract costs, failing to ring-fence funds, and skipping audits—have left Guyana vulnerable. Worse, the current government has doubled down on sweetheart deals…