Opinions

By A. Bacchus - OilNOW Local content has been the talk of the town since the oil and gas industry started developing in Guyana; everybody wants a piece of the pie. For citizens, it’s been questions on the possibility of...

By Arthur Deakin – OilNOW In a recent offshore oil & gas conference in Houston, Guyana's foreign minister said that the country’s economy is expected to grow 500% by 2030. Guyana’s current US$6.8 billion real GDP would ignite to nearly...

By Terrence R. Blackman, Ph.D. – OilNOW ExxonMobil initiated oil and gas exploration activities in Guyana in 2008. The company drilled, safely, its first exploration well, Liza-1, in 2015. The Payara, Snoek, Liza Deep, and Turbot discoveries followed in 2017,...

By Prakash Sharma - Head of Markets & Transitions, Asia Pacific at Wood Mackenzie   The recently released Sixth Assessment Report of the Intergovernmental Panel on Climate Change makes for stark reading. One of its key conclusions is that limiting human-induced global warming...

By A. Bacchus - OilNOW “We got oil but wuh duh mean fuh me? I ain’t seeing a cent of the oil money.” I recently heard that statement from a close friend of mine who has, in recent years, been...

By Terrence R. Blackman, Ph.D. – OilNOW In a recent news report, CGX Energy Inc announced that the drilling of the Kawa-1 well, the first well at the Corentyne Block offshore Guyana, is set to commence before August 15. This undertaking...

By Dr. Lee Hunt – OilNOW On April 20, 2010, a critical failure of hydrocarbon containment occurred on the BP Macondo well 65 kilometers offshore the coast of Louisiana in the US Gulf of Mexico.  The event unfolded entirely within...

By Arthur Deakin - OilNOW Historically, countries that discover large amounts of natural resources, such as oil or gold, tend to create a Sovereign Wealth Fund to manage their newfound wealth. Guyana, which recently discovered 9 billion barrels of proven...

By Terrence R. Blackman, Ph.D. – OilNOW Part 1 On June 09, 2021, ExxonMobil announced newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 at Longtail-3 offshore Guyana. The well, located approximately two miles (3.5 kilometers) south of the Longtail-1 well,...

By Wazim Mowla – OilNOW Amid increasing US rhetoric about competing with China in Latin America and the Caribbean, Guyana should use its newfound oil reserves to diversify its foreign relations. This process should start with India, who over the...