Opinions

The 2019 addendum to the Stabroek PSA does not equate to renegotiation

By Joel Bhagwandin – OilNOW Summary The proponents who are propagating the argument that the Addendum to the Production Sharing Agreement (PSA) of 2016 is equated to a form of renegotiation of the contract; are peddling a dangerously false narrative...

Linking Guyana’s economy with STEM education

By Dr. Lorraine Sobers - OilNOW “Education is our passport to the future, for tomorrow belongs to the people who prepare for it today.” - Malcolm X If education is the passport, the visas in it represent access to specific destinations...

Venezuela’s latest move in its waiting game with Guyana, pt. 2

By Ivelaw Lloyd Griffith - OilNOW In Part 1, we discussed Guyana’s pursuits at the World Court, Venezuela’s legal manoeuvres that likely will lead to an extension of the waiting game, and the existential anxiety and geopolitical desperation being experienced...

The Production Sharing Agreement, Renegotiation, and the Stability Clause (Part 1)

By Joel Bhagwandin - OilNOW Summary The full project lifecycle of the oil and gas business is around 30 years or more. During the exploration and development stage which may span about 20 years before production, the oil companies continuously...

Venezuela’s latest tactic in its waiting game with Guyana, pt. 1

By Ivelaw Lloyd Griffith - OilNOW This is the first of a two-part series on the ongoing controversy between Guyana and Venezuela, set in the context of a famous stage play. It discusses some new dynamics of the judicial pursuits,...

Oil and gas revenues and their role in developing climate resilient agriculture in Guyana

Dr. H Arlington D Chesney – OilNOW This article opposes the suggestion that Guyana should not proceed in developing its oil and gas sector as the country’s contribution to global reduction in greenhouse gas emissions. It posits that those revenues...

Transforming Guyana episode III: education and the oil windfall

By Terrence Blackman, PhD and Utamu Bell – OilNOW Episode III of Transforming Guyana, The Guyana Business Journal and Caribbean Policy Consortium Webinar Series, examined how Guyana can leverage oil and gas revenues to produce a world-class twenty-first-century education system...

Time for Guyana’s stock exchange to take off?

By Scott B. MacDonald - OilNOW The Guyana Stock Exchange (GSE) is small by global standards at US$2.8 billion in market capitalisation. It is also a relative latecomer to the stock market investment game, only having opened its doors in...

Guyana’s oil wealth, resource distribution, and coexisting vulnerabilities

By Dr. Carolyn Walcott and Dr. Terrence Blackman – OilNOW Guyana is poised to become the world's 4th largest oil producer by 2035. This projection, presented by Rystad Energy in its 2022 report, Guyana Upstream, concretely quantifies the wealth beneath...

How did a US$3 billion economy become a US$46 billion economy in 50 years? The case of Dubai & lessons for Guyana

By Joel Bhagwandin - OilNOW Background Since becoming a petroleum producing country, public commentators often reference Guyana as the next Dubai in the Caribbean in terms of whether Guyana has what it takes to mirror Dubai’s success as an oil...

Latest News

Peking University Emerges Victorious in 2024 ASC Student Supercomputer Challenge Finals

BEIJING--(BUSINESS WIRE)--#ASC--On April 13, 2024, the 2024 ASC Student Supercomputer Challenge (ASC24) Finals drew to a close at Shanghai...