Saturday, May 28, 2022

Opinions

The implications of a National Oil Company (NOC) in Guyana

By Arthur Deakin – OilNOW The government of Guyana, which is sitting on 11 billion barrels of oil equivalent, will have a much-anticipated bid round for its remaining untendered oil blocks in the third quarter of 2022. The government is...

Guyana’s natural gas development is likely to outshine its renewable energy strategy

By Dr. Lorraine Sobers – OilNOW Guyana’s Low Carbon Development Strategy 2030 (LCDS) is the best place to start if you want a bird’s eye view of the country’s renewable energy plans. The LCDS outlines the overall strategy for natural...

Guyana seeks more diaspora involvement in advancing oil & gas economy

By Dr. Terrence Blackman and Utamu Belle - OilNOW Guyana's leadership wants Guyanese and its members in the diaspora to play more significant roles in the country's developing oil and gas economy as its key players work on advancing the...

A Report from the Guyana Investment Seminar, Carlton House, London

President Irfaan Ali, Caribbean Leadership in a time of Crisis and Opportunity Dr. Terrence Blackman & David Roberts - OilNOW The war in Russia and the attendant geopolitical energy issues plaguing Europe and the rest of the world bear directly on...

The implementation deficit and regional food import bill

Dr. H Arlington D Chesney – OilNOW Recently, there have been a number of political pronouncements on the urgent need to reduce the regional Food Import Bill. In 2019, Barbados’ Prime Minister, Mia Mottley, directly linked the revival of the Caricom...

Guyana – The local content spat – dangers of inattention

By Wilberne Persaud - OilNOW A few weeks ago, a regrettable faux pas pushed Guyana’s Local Content Policy (LCP) into news headlines across the region. The Act seeks reasonable retention of benefits generated by activity in the oil sector for Guyanese...

Guyana’s balancing act with gas-to-power development and climate action

By Dr. Lorraine Sobers – OilNOW Natural gas has been accepted as a cleaner alternative to fuel oil for electricity generation for over eight decades. Guyana is now poised to make the switch from fuel oil to natural gas and...

Energy security in a time of energy transition in Latin America: The role of oil, gas and cleaner fuels

By Arthur Deakin – OilNOW When the Intergovernmental Panel on Climate Change (IPCC) released its first report in 1990, Russia had just opened its first McDonalds as a symbol of the country’s transition to a free market. Now, twenty-two years...

US$10B Yellowtail Project set to unleash a tsunami of economic benefits

Apart from the profit oil and royalty the State stand to gain, ExxonMobil’s US$10 billion Yellowtail Project in the Stabroek Block which is set for first oil in 2025-2026, is poised to unleash a tsunami of economic benefits for...

On refining the trajectory of Guyana’s local content requirements

Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...

Latest News

NOC can guarantee far greater benefit, value to Guyana – Financial Analyst

Guyana is exploring the establishment of a national oil company (NOC) to develop its oil and gas resources and some critics have opined...