Wednesday, December 8, 2021

Opinions

Local Content: Start streamlining – Career guidance should be a necessary part of the education system

By A. Bacchus The oil and gas industry will be here for at least twenty years. Local content has been one of the hot-button issues from the inception, and the need for locals to occupy this sector remains an objective...

Local Content: Where are the jobs, you ask?

By A. Bacchus I was sitting in a class recently when a colleague expressed in utter vexation, “they’re giving all the jobs to foreigners.” The conversation was delving into industries and the policymaking in Guyana, and like the new-norm, oil...

The seesaw dilemma: matching Guyana’s labor force with its energy bonanza

In February 2021, the new Guyanese government released the first draft of their proposed local content policy for the energy sector. Local content regulation defines how much local labor is utilized during the development of an industry—a fundamental policy...

Find your niche—its not all pipes, ships and concrete

By A. Bacchus Back in 2015, when the first oil discovery was announced, I was blissfully unaware of the workings of the petroleum industry. In fact, in my mind, oil production in Guyana would look like a scene out of...

Future deepwater fields will deliver twice the average volume of oil

By Andrew Latham, Vice President, Energy Research - Wood Mackenzie These are challenging times for upstream oil and gas, as the industry navigates unprecedented uncertainty. But the pain is not distributed equally. Growth from deepwater is much faster than from upstream...

Investing in becoming a cut above the rest – Pt. 2: New opportunities for world-class competitiveness

By A. Bacchus Growing up in a small community in Canal Number One, on the West Bank of Demerara, at a time when very few people had dial-up internet and the ‘big back tv’ that required the youngest in the...

Guyana and Suriname: the role of emerging oil markets on the path to net zero

By Arthur Deakin – OilNOW This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate change. Throughout Europe, gas prices have tripled due to a fall in inventory meeting...

Time and tide wait for no one

By A. Bacchus – OilNOW One of my personal traits that I am working towards changing is that of being a procrastinator. I have this bad habit of waiting to undertake or complete tasks until my mind tells me that...

Guyana’s oil and gas development will offer another strong rebuke against Venezuelan aggression

By Wazim Mowla – OilNOW The development of Guyana’s oil and gas sector is its best chance to maintain its territorial integrity and sovereignty against unsubstantiated claims and aggression by Venezuela. The border controversy has plagued Guyana’s relations with Venezuela...

Local content regulations: back to the future?

By Jerry Haar – OilNOW Trade and investment liberalization has been one of the hallmarks of the global economy for the last sixty years. Both industrialized nations and emerging markets have come to realize that the positive features of neoliberal...

Latest News

Guyana’s lone Energy Chamber signs MoU with Ghana Petroleum Commission

The Guyana Oil and Gas Energy Chamber (GOGEC) signed a Memorandum of Understanding with the Petroleum Commission of Ghana...