Tuesday, December 7, 2021

Industry Insight

Policy issues to consider for a Guyanese oil fund

Economic theory suggests that there are a number of advantages arising from the establishment of an oil fund. These include the opportunity to create sustainable wealth, facilitate economic development over the long-term, enhance economic stability and ensure that the...

Inter-generational equity and the rationale for Guyana’s “Sovereign Wealth Fund”

The policy of investing resource revenues in reproducible capital suggests irresistibly that some appropriately defined stock is being maintained intact, and that consumption can be regarded as the "interest" on that stock (Solow 1986). Since the discovery of oil and...

An oil fund for Guyana – the role of fiscal institutions

Guyana has been blessed with an abundance of energy resources. For the next 40 years our economy will become a major producer of oil and gas. Hydrocarbons development is at the heart of Guyana’s future prosperity and a cornerstone...

Ramblings from an oil and gas conference and trade show junkie

My recent attendance at GIPEX 2018 prompts my column today and what a conference it was!  But more on that conference later. Oil and Gas Conferences and Trade Shows First, let’s talk about the benefits of oil and gas conferences and...

Canadian consultant urges strong local content regime for Guyana

This column will be devoted to the subject of Local Benefits and how this can be best achieved in Guyana.  This topic has received extensive coverage, both in OilNOW and in the local Guyana press. I have been following the...

“Elephant Man” says Guyana-Suriname Basin has big potential

Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with his view that the world class Liza discovery is like an elephant; and “elephants don’t travel...

Guyana, get ready for a wild ride!

This is the first of several columns that I will be contributing to OilNOW. Allow me to introduce myself. Very briefly, my 40-year background in this industry is comprised primarily of positions in the service and supply facet of the...

Latest News

Guyana seeing “tremendous interest” in oil block up for auction next year – Bharrat

Guyana is already seeing “tremendous interest” in one of the remaining oil blocks to be auctioned next year in...