Opinions

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

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...
Opinions

How did a US$3 billion economy become a US$46 billion economy in 50 years? The case of Dubai & lessons for Guyana

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By Joel Bhagwandin - OilNOW Background Since becoming a petroleum producing country, public commentators often reference Guyana as the next Dubai in the Caribbean in terms of whether Guyana has what it takes to mirror Dubai’s success as an oil...
Opinions

Incredibly disappointing that former EPA head is sharing blatant mistruths

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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...
Opinions

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

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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...
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