Energy Insights

Rowley walks tightrope between Venezuela gas deal and defense of Guyana’s sovereignty

Prime Minister Dr. Keith Rowley of Trinidad and Tobago finds himself at the intersection of geopolitical issues that place him and his country in a sensitive but crucial position. On one hand, he must navigate the growing tensions between...

The implications of Tullow’s Orinduik departure

Tullow Oil has decided to sell its stake in the Orinduik Block, located offshore Guyana. At first glance, one might perceive this to indicate a lack of confidence in the prospectivity of the Orinduik Block. However, upon closer inspection,...

Exxon made US$56 billion last year. So, what?

ExxonMobil made a US$55.7 billion profit in 2022. That is a huge number. So, when Guyanese media outlets report on the oil major’s earnings, many locals are quick to assume that these earnings are Esso Exploration and Production Guyana...

Guyana goes after reforms to modernise oil sector

In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...

Bring on the trade missions: Guyana needs healthy dose of imported capabilities to support development agenda

In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.” Senior Minister in the Office of the...

Seven women in government hold power to use oil revenues for a visible leap in Guyana’s social services

Crowned “the fastest growing economy in the world”, on account of its spectacular Stabroek block discoveries, the Guyana government shoulders the responsibility of ensuring the growth is converted into development. It must, at the very least, strengthen its human and institutional...

Guyana following in footsteps of Qatar, Saudi Arabia, UAE

While they may be oil-dependent, Middle Eastern nations such as Qatar, Saudi Arabia, and the United Arab Emirates (UAE) have a well-established history of responsible energy stewardship. Shrewd governance has not only contributed to decades of sustainable growth, but...

Shifting the tsunami of oil investments to Regions Three and Six in Guyana

In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...

Is Guyana’s economy self-adjusting or in the early stages of Dutch disease?

Since the emergence of the oil industry in 2015, Guyana has experienced an almost cosmic shift in its revenue inflows. Today, the hydrocarbon sector accounts for more than 50% of Gross Domestic Product (GDP). Traditional sectors, like manufacturing, rice and...

COP27: Can the Caribbean Region finally get funding for climate adaptation?

The 27th Conference of Parties, as expressed in our first instalment will be the greatest test of goodwill at such a critical forum. It will obviously be overshadowed by the darkness of the new geopolitical context unleashed by the Russia-Ukraine...

Latest News

“Look to our women population” – CLBD Director urges, to bridge 53,000 skilled worker gap 

Dr. Natasha Gaskin-Peters, Director of the Centre for Local Business Development (CLDB), has called on Guyana to leverage its...