Tuesday, August 9, 2022

Opinions

Incredibly disappointing that former EPA head is sharing blatant mistruths

Dear Editor, In response to an unfortunate letter from former Executive Director of the Environmental Protection Agency (EPA), Dr. Vincent Adams, published this week in the local press, ExxonMobil Guyana provides this response to several inaccurate and misleading statements that...

An updated outlook on Guyana’s take from Liza 1, 2, Payara and Yellowtail

By Joel Bhagwandin - OilNOW Key Messages Supporting Statements Guyana’s take will peak around 2025-2030, by which time, the four approved projects will be producing concurrently. The estimated gross revenue is approximately US$177.3b; the total Government’s Take is an estimated US$49b or...

Transparent transformation – safeguarding Guyana’s oil boom

By Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW In May 2015, when the government of Guyana, through global oil investors, announced that oil was discovered in significant quantities offshore, economic transformation and development became state actors' preoccupation. The...

Long-term Investment Considerations for Guyana

By Cristina Caus and Jerry Haar - OilNOW It was British philosopher Francis Bacon who stated that one man’s folly is the fortune of another. In the case of Guyana, it is not one man but an entire nation blessed...

Can Guyana partially substitute Russian gas? The numbers appear to say so

By Arthur Deakin – OilNOW In June of 2022, gas supply from Russia to the European Union fell by nearly two-thirds compared to the previous year. Nord Stream 1, which is responsible for nearly 40% of Russian gas exports to...

Guyana oil revenues to break US$1 billion mark this year; exceed US$7.5 billion by 2030 – Rystad Energy

Bolstered by ExxonMobil’s industry leading production and development pace in the Stabroek Block, Guyana’s oil and gas revenues are on track to break the US$1 billion mark this year and accelerate to US$7.5 billion annually in 2030, research by Rystad Energy shows. The independent...

Strengthening Guyana’s relationship with the United States 

By Wazim Mowla - OilNOW The United States is Guyana’s most important bilateral relationship. The United States remains a major power in the Western Hemisphere and holds significant influence worldwide. It is this influence, the potential investment stemming from US...

Guyana’s Fossil-Green Economy as a Model Climate Change Agent

By Terrence Blackman, PhD and Carolyn Walcott, PhD - OilNOW Guyana is at an exciting yet critical juncture in broader climate change, adaptation, mitigation, and fossil fuel development discourses. As a newcomer to the fossil fuel industry, while the nation...

Guyana can balance the exploitation of her natural resources and protect the environment

By Terrence Blackman, PhD and Utamu Bell - OilNOW Transforming Guyana: Episode II, presented by the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium (CPC), got underway via Livestream on Wednesday, July 13, 2022. Participants sought to explore ways...

Understanding the Decommissioning Liability of EEPGL, Hess and CNOOC

By Joel Bhagwandin - OilNOW There has been quite some misunderstanding and misinterpretation with respect to the accounting treatment of the decommissioning liability for the oil companies as reflected in their balance sheets. This article seeks to offer some clarity...

Latest News

Transocean nets US$1.2 billion in drilling contracts for Brazil, Gulf of Mexico

Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling...