Opinions

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

Opinions

Understanding the Decommissioning Liability of EEPGL, Hess and CNOOC

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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...
Opinions

Splitting the climate change bill for consuming hydrocarbons

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By Dr. Lorraine Sobers - OilNOW A disproportionate fraction of the climate change bill is already being paid by developing countries. There is no correlation between where climate change hits hardest and the source of massive greenhouse gas emissions. It...
Industry Insight

What comes after high oil prices for Guyana?

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By Scott B. MacDonald - OilNOW The Russo-Ukrainian War came as a surprise blow to the global economy, with the shock waves rippling outwards from Eastern Europe and the Black Sea and reaching as far as the Caribbean. It has...
Opinions

Review of the consolidated financials of the Stabroek Block co-venturers

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By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...
Opinions

To form or not to form: Guyana’s dilemma in establishing a National Oil Company (NOC)

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By Cristina Caus and Jerry Haar – OilNOW Since its oil discoveries in 2015, Guyana has been contemplating the formation of a national oil company. Its dilemma “to form or not to form” (to borrow from Hamlet's soliloquy) must be...
Opinions

Tom Mitro failed to prove Guyana losing big on cost oil deductions

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By Joel Bhagwandin - OilNOW I am tired of responding to first world “so called experts” who have their own agenda and based on their absurd pronouncements on Guyana’s affairs, probably believe that we are an uneducated population and lack...
Opinions

Guyana and Suriname: How access to capital can transform frontier energy markets

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By Arthur Deakin - OilNOW Back in 2010, Guyana and Suriname were not known for their hydrocarbon reserves. But now, both (neighboring countries) have discovered more than 17 billion barrels of oil equivalent and gas reserves that exceed 30 trillion...
Opinions

Fire Juggling in the Energy Sector: Part 1

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Dr. Lorraine Sobers – OilNOW The intensity of the fire juggling act being performed by the oil and gas sector has been increasing in complexity year on year. For the novice, catching a single fire club is daunting. However, professional...
Opinions

Guyana: Gas-to-Energy Implications

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By Dr. Justin Ram - OilNOW Guyana's gross domestic product (GDP) per capita is expected to increase from US$6,953 per capita in 2020 to US$15,153 per capita in 2023. Based on the available data, the country could become the world’s...
Opinions

Regional Oil and Gas Bonanza and the 25×2025 Food Import Reduction Imperative

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Dr. H Arlington D Chesney – OilNOW The Government of Guyana, in association with the CARICOM Secretariat, held an Agri-Investment Forum and Expo: investing in Vision 25x2025 from May 19 to 21, 2022. This initiative is consistent with the position...
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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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