Saturday, February 4, 2023

Opinions

Guyana goes after reforms to modernise oil sector

In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...

The Significant Offshore Events in the U.S. That Contributed to Guyana’s Meteoric Rise as a Leading Oil Producer

By Fernando Hernandez - OilNOW To understand Guyana’s meteoric rise as an oil-producing nation, it is necessary to reference critical events that occurred in the U.S.’ Gulf of Mexico (GoM) in 1947 and 1986. These events were crucial to the...

2022 Year in Review of Guyana, Part 1: What I have said so far

By Dr. Lorraine Sobers - OilNOW The year 2022 has been an intriguing one for Guyana’s energy sector: oil production and reserves have grown significantly, local content legislation came into full force, legal local content disputes arose and were settled,...

Bring on the trade missions: Guyana needs healthy dose of imported capabilities to support development agenda

In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.” Senior Minister in the Office of the...

Seven women in government hold power to use oil revenues for a visible leap in Guyana’s social services

Crowned “the fastest growing economy in the world”, on account of its spectacular Stabroek block discoveries, the Guyana government shoulders the responsibility of ensuring the growth is converted into development. It must, at the very least, strengthen its human and institutional...

Guyana following in footsteps of Qatar, Saudi Arabia, UAE

While they may be oil-dependent, Middle Eastern nations such as Qatar, Saudi Arabia, and the United Arab Emirates (UAE) have a well-established history of responsible energy stewardship. Shrewd governance has not only contributed to decades of sustainable growth, but...

Establishing energy security through policies and regulation for power generation

By Dr. Lorraine Sobers - OilNOW Reliable power generation and distribution is critical to Guyana’s ability to provide essential services such as healthcare, communication, and commerce. In less than a decade, its power generation sector must create systems and networks...

Positioning Guyana Educationally for Economic Growth

With two more oil discoveries in October 2022 and an expected record growth rate of approximately 58% according to International Monetary Fund (IMF), Guyana a nation of less than a million, is facing tremendous challenges surrounding human capital. This...

Shifting the tsunami of oil investments to Regions Three and Six in Guyana

In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...

Innovative research to achieve sustainable development in a resource abundant economy: minimising the resource curse

Dr. H Arlington D Chesney – OilNOW Properly conducted and managed innovative and proactive research, in Guyana’s recently attained resource abundant economy status, could result in the sustainable development of a plethora of commodities within its productive sectors, consequently, contributing...

Latest News

FEED work commences on sixth Stabroek Block project

Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony...