Opinions

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

Opinions

A UG-GOAL for Guyana: Education and National Transformation

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By Dr. Terrence Blackman and Dr. Carolyn Walcott – OilNOW Education and innovations pertinent to the needs of industry are vital to a nation's development. Therefore, state leaders must be deliberate in privileging human capital investments because of their connectedness...
Opinions

The 2019 addendum to the Stabroek PSA does not equate to renegotiation

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By Joel Bhagwandin – OilNOW Summary The proponents who are propagating the argument that the Addendum to the Production Sharing Agreement (PSA) of 2016 is equated to a form of renegotiation of the contract; are peddling a dangerously false narrative...
Opinions

Linking Guyana’s economy with STEM education

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By Dr. Lorraine Sobers - OilNOW “Education is our passport to the future, for tomorrow belongs to the people who prepare for it today.” - Malcolm X If education is the passport, the visas in it represent access to specific destinations...
Opinions

Venezuela’s latest move in its waiting game with Guyana, pt. 2

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By Ivelaw Lloyd Griffith - OilNOW In Part 1, we discussed Guyana’s pursuits at the World Court, Venezuela’s legal manoeuvres that likely will lead to an extension of the waiting game, and the existential anxiety and geopolitical desperation being experienced...
Opinions

The Production Sharing Agreement, Renegotiation, and the Stability Clause (Part 1)

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By Joel Bhagwandin - OilNOW Summary The full project lifecycle of the oil and gas business is around 30 years or more. During the exploration and development stage which may span about 20 years before production, the oil companies continuously...
Opinions

Venezuela’s latest tactic in its waiting game with Guyana, pt. 1

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By Ivelaw Lloyd Griffith - OilNOW This is the first of a two-part series on the ongoing controversy between Guyana and Venezuela, set in the context of a famous stage play. It discusses some new dynamics of the judicial pursuits,...
Opinions

Oil and gas revenues and their role in developing climate resilient agriculture in Guyana

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Dr. H Arlington D Chesney – OilNOW This article opposes the suggestion that Guyana should not proceed in developing its oil and gas sector as the country’s contribution to global reduction in greenhouse gas emissions. It posits that those revenues...
Opinions

Transforming Guyana episode III: education and the oil windfall

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By Terrence Blackman, PhD and Utamu Bell – OilNOW Episode III of Transforming Guyana, The Guyana Business Journal and Caribbean Policy Consortium Webinar Series, examined how Guyana can leverage oil and gas revenues to produce a world-class twenty-first-century education system...
Opinions

Time for Guyana’s stock exchange to take off?

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By Scott B. MacDonald - OilNOW The Guyana Stock Exchange (GSE) is small by global standards at US$2.8 billion in market capitalisation. It is also a relative latecomer to the stock market investment game, only having opened its doors in...
Opinions

Guyana’s oil wealth, resource distribution, and coexisting vulnerabilities

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By Dr. Carolyn Walcott and Dr. Terrence Blackman – OilNOW Guyana is poised to become the world's 4th largest oil producer by 2035. This projection, presented by Rystad Energy in its 2022 report, Guyana Upstream, concretely quantifies the wealth beneath...
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US$2.5 billion in oil revenue to support Guyana’s 2025 budget

The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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