Monday, October 3, 2022

Opinions

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

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...

Transforming Guyana episode III: education and the oil windfall

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...

Time for Guyana’s stock exchange to take off?

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...

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

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...

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

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...

Incredibly disappointing that former EPA head is sharing blatant mistruths

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...

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

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...

Transparent transformation – safeguarding Guyana’s oil boom

By Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW In May 2015, when the government of Guyana, through global oil investors, announced that oil was discovered in significant quantities offshore, economic transformation and development became state actors' preoccupation. The...

Long-term Investment Considerations for Guyana

By Cristina Caus and Jerry Haar - OilNOW It was British philosopher Francis Bacon who stated that one man’s folly is the fortune of another. In the case of Guyana, it is not one man but an entire nation blessed...

Can Guyana partially substitute Russian gas? The numbers appear to say so

By Arthur Deakin – OilNOW In June of 2022, gas supply from Russia to the European Union fell by nearly two-thirds compared to the previous year. Nord Stream 1, which is responsible for nearly 40% of Russian gas exports to...

Latest News

Guyana’s non-oil economy also performing well, IMF report shows

The International Monetary Fund (IMF) projects that Guyana, for the next five years, will see growth in its non-oil...