Tuesday, December 7, 2021

Opinions

Investing in becoming a cut above the rest – Pt. 1

By A. Bacchus – OilNOW So, you have your business, and it is registered on the Supplier Registration Portal to be considered for contract opportunities in the oil and gas industry. What’s next? What is it about your company that...

Preparing Guyanese youth for 21st century economic development

By Wilberne Persaud – OilNOW In my April 2020 commentary: “GUYANA | Workable, Transparent Gov't Policy Needed for Oil and Gas Investment” an important bullet point read: “Guyana has but one limited, time-bound chance, to make oil and gas its...

Guyana, India and oil in the Southern Caribbean

By Scott B. MacDonald – OilNOW India is one of the world’s major oil consumers and Guyana is an up-and-coming petro-power. In March 2021, HPCL-Mittal Energy Ltd., a joint venture between state-run Hindustan Petroleum Corporation and Mittal Energy Investment, bought...

Becoming a link in the supply chain – where do we start?

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...

Guyana’s role in the emerging green energy transition

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...

Guyana: Beating the Resource Curse

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,...

What are the real-world implications of net zero emissions before 2050?

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...

Unrealistic expectations and untapped opportunities—are we paying attention?

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...

Report on QC Alumni Association Oil and Gas Symposium, by Dr. Terrence R. Blackman – Part 2

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...

Effective Guyana-Suriname cross-border oil spill response crucial to region

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...

Latest News

Guyana seeing “tremendous interest” in oil block up for auction next year – Bharrat

Guyana is already seeing “tremendous interest” in one of the remaining oil blocks to be auctioned next year in...