Opinions

The views expressed here are solely those of the author in their private capacity and do not represent the views of OilNOW.

Opinions

Guyanese businesses can benefit by joining Exxon’s virtual Feedback Session slated for Dec. 13

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By Clement Smith - OilNOW Guyanese businesses interested in tapping into the oil and gas sector or already operating in the field may find the news of an upcoming Feedback session hosted by ExxonMobil Guyana Limited (EMGL) most welcoming. This...
Opinions

Guyana and Oil – Lessons from Kazakhstan?

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By Greg Quinn - OilNOW I’ve served as a British diplomat in both Guyana and Kazakhstan. There are some interesting lessons to be learnt from comparing and contrasting both countries. There does not seem to be a natural connection but they...
Industry Insight

Oil sector to require $17.4 trillion investment by 2050 to meet rising demand – OPEC 

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The oil industry will need cumulative investments of $17.4 trillion by 2050 to meet growing global demand, the Organization of Petroleum Exporting Countries (OPEC) said in its annual long-term outlook. This translates to an average annual investment of around...
Energy Insights

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

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By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency CCJ 16 (AJ) GY, to my mind, settled the important question of: Whether Guyana’s...
Energy Insights

Recent CCJ decisions settle important questions relating to petroleum operations in Guyana

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By Chevy Devonish Guyana’s highest court, the Caribbean Court of Justice (CCJ) recently handed down two significant decisions which will affect future oil and gas operations and litigation in the South American country. These decisions are Ramon Gaskin v. Minister of...
Energy Insights

The key legal instruments governing Guyana’s oil and gas industry

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By Chevy Devonish In the first article of this column, I indicated the intention to map and distill the entirety of the legal framework directly (specifically governs oil and gas production and related activities) and indirectly (does not directly govern...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: Interpreting and Applying section 94 (1) of the Petroleum Activities Act

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By Chevy Devonish On 24th June 2024, Guyana’s High Court ordered that section 94 (1) of the Petroleum Activities Act (PAA) requires that the Minister of Natural Resources (the Minister) and ExxonMobil Guyana Ltd. (ExxonMobil) be added to ongoing proceedings...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: The Introduction

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By Chevy Devonish ExxonMobil Guyana Limited (ExxonMobil), and its partners Hess and CNOOC started oil and gas exploration in Guyana in 2008, and the first significant discovery, Liza-1, was made in 2015. In his 2024 budget speech, Dr. Ashni Singh, Senior...
Opinions

Gas to Energy Project – the most transformational project in Guyana’s history

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By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...
Opinions

Lessons learned for Guyana (Part 2) – The neighboring sister, Suriname

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By Cristina Caus - OilNOW Bonded by a resemblant fate, Suriname and Guyana are more than just neighbors divided by the Courantyne/Corentyne River. Once one territory, they lived a similar experience while separated and colonized by the British and Dutch...
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Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the...

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