Opinions

Splitting the climate change bill for consuming hydrocarbons

By Dr. Lorraine Sobers - OilNOW A disproportionate fraction of the climate change bill is already being paid by developing countries. There is no correlation between where climate change hits hardest and the source of massive greenhouse gas emissions. It...

What comes after high oil prices for Guyana?

By Scott B. MacDonald - OilNOW The Russo-Ukrainian War came as a surprise blow to the global economy, with the shock waves rippling outwards from Eastern Europe and the Black Sea and reaching as far as the Caribbean. It has...

Review of the consolidated financials of the Stabroek Block co-venturers

By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...

To form or not to form: Guyana’s dilemma in establishing a National Oil Company (NOC)

By Cristina Caus and Jerry Haar – OilNOW Since its oil discoveries in 2015, Guyana has been contemplating the formation of a national oil company. Its dilemma “to form or not to form” (to borrow from Hamlet's soliloquy) must be...

Tom Mitro failed to prove Guyana losing big on cost oil deductions

By Joel Bhagwandin - OilNOW I am tired of responding to first world “so called experts” who have their own agenda and based on their absurd pronouncements on Guyana’s affairs, probably believe that we are an uneducated population and lack...

Guyana and Suriname: How access to capital can transform frontier energy markets

By Arthur Deakin - OilNOW Back in 2010, Guyana and Suriname were not known for their hydrocarbon reserves. But now, both (neighboring countries) have discovered more than 17 billion barrels of oil equivalent and gas reserves that exceed 30 trillion...

Fire Juggling in the Energy Sector: Part 1

Dr. Lorraine Sobers – OilNOW The intensity of the fire juggling act being performed by the oil and gas sector has been increasing in complexity year on year. For the novice, catching a single fire club is daunting. However, professional...

Guyana: Gas-to-Energy Implications

By Dr. Justin Ram - OilNOW Guyana's gross domestic product (GDP) per capita is expected to increase from US$6,953 per capita in 2020 to US$15,153 per capita in 2023. Based on the available data, the country could become the world’s...

Regional Oil and Gas Bonanza and the 25×2025 Food Import Reduction Imperative

Dr. H Arlington D Chesney – OilNOW The Government of Guyana, in association with the CARICOM Secretariat, held an Agri-Investment Forum and Expo: investing in Vision 25x2025 from May 19 to 21, 2022. This initiative is consistent with the position...

Is T&T slipping on Local Content?

By Kevin Ramnarine – OilNOW Guyana's decision to legislate for local content in its oil and gas industry has been the source of debate in Guyana and in T&T. At the heart of the issue is the value captured or...

Latest News

Creativity, innovation at forefront as SBM Offshore Guyana-Monaco Mousetrap competition enters second year

The second leg of the Guyana-Monaco Mousetrap Car Grand Prix was held on April 19 at the Everest Cricket...