Opinions

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

Opinions

The political economy, economic & finance issues

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The Natural Resource Fund Act 2021 Summary The Natural Resource Fund Act 2021 did not propose the removal of any component from the 2019 Act per se, rather, the bill seeks to replace certain components in the current act...
Opinions

Will these pillars support Guyana’s oil industry?

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By Dr. Lorraine Sobers - OilNOW Guyana is the steward of astounding natural resources, luscious rainforest, gold, diamond, bauxite and hydrocarbon deposits. The industries built on these natural resources all have environmental and stewardship challenges. The excitement of Guyana’s oil...
Opinions

CPSO’s threat to challenge Guyana’s Local Content Act

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Summary Based on the discussion and analysis contained herein, the CARICOM Private Sector Organisation (CPSO) appeared to be grossly misguided and thus its stance can be construed as being disrespectful to the Guyanese private sector and Guyana as...
News

Media report on oil block ‘recklessly repeats malicious distortion’, says former Guyana Prime Minister

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Former Prime Minister of Guyana Samuel Hinds, now the country’s Ambassador to the USA and OAS, says a report which appeared in several sections of the media on the offshore Canje block recklessly repeats malicious distortion of the facts. Below...
Opinions

Resolutions and solutions

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Another year has come to an end, and we are now in two days into 2022. As is customary, the last few days for many would have been spent reflecting on 2021 and whether or not goals were achieved...
Opinions

Guyana’s Local Content Policy and the complete education of all Guyanese children

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By Dr. Lorraine Sobers Guyana’s oil production is set to ramp up rapidly in the next 5 years, but this is just the beginning. By early 2022, production will reach 340,000 barrels of oil per day (bopd) with the arrival...
Opinions

A look at Guyana’s local content requirements

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By Terrence R. Blackman, Ph.D. – OilNOW On December 16, 2021, the Guyanese National Assembly will consider the proposed Local Content Laws to integrate Guyanese into the country's emerging oil and gas industry. The goal of Guyana's local content policy...
Opinions

A bird in the hand and a block offshore…

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By A. Bacchus Lately, I’ve found myself continuously involved in conversations centered on the oil and gas industry, and what it really means for the people of Guyana. The topic has dominated my academic life, and at least twice weekly,...
Opinions

Local Content: Start streamlining – Career guidance should be a necessary part of the education system

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By A. Bacchus The oil and gas industry will be here for at least twenty years. Local content has been one of the hot-button issues from the inception, and the need for locals to occupy this sector remains an objective...
Opinions

Local Content: Where are the jobs, you ask?

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By A. Bacchus I was sitting in a class recently when a colleague expressed in utter vexation, “they’re giving all the jobs to foreigners.” The conversation was delving into industries and the policymaking in Guyana, and like the new-norm, oil...
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Latest News

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Guyana’s oil output to expand in 2025 amid forecast of lower prices

The Guyana government projects an increase in the rate of crude oil production offshore from 616,000 barrels per day...

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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