Opinions

By Arthur Deakin – OilNOW On February 15, the government of Guyana opened a public consultation process for its local content policy. Guyana is set to become a top 20 global oil producer, at 1.2 million barrels a day by...

By Joel Bhagwandin - OilNOW A contextual Economic & Financial Analysis of Guyana’s Gas to Shore Project Part 3 The purpose of this column series is to contribute to the national debate regarding the feasibility of the gas-to-shore project that the Government...

By Wilberne Persaud - OilNOW Consider 1: “It should be borne in mind that there is nothing more difficult to arrange, more doubtful of success, and more dangerous to carry through than initiating changes in a state’s constitution. The innovator...

By Dr. Terrence Richard Blackman - OilNOW In an updated forecast, it has predicted that oil prices will average just above $50/b in 2021. If the IMF's projections hold, each lift of Guyana's share of crude oil from the Liza...

By Joel Bhagwandin A contextual Economic & Financial Analysis of Guyana’s Gas to Shore Project Part 2 Though it is assumed that ExxonMobil and its partners will be financing about 50 percent of the cost of the gas-to-shore project, the Government will...

By Hans Jacob Bassoe Bassoe Offshore In the span of just five years, ExxonMobil has had 18 successful discoveries in the Guyanese Stabroek Block alone and proven recoverable resources of more than 9 bboe.  And the operator does not plan on slowing...

By Joel Bhagwandin Part 1 Gas contained at the Liza Phase 1 Development can facilitate the production of 200 megawatts of power generation, enough to power the entire country and can be sustained for more than 15 years. More recently, it...

Dear Editor, Guyana needs to be wary of the many so-called foreign experts who are seeking to dominate the local press and pronounce on Guyana’s economic affairs. To this end, particular reference is made to the commentaries of Tom Sanzillo,...

By Kevin Ramnarine – OilNOW In 2021 there will be a major increase in offshore drilling activity in the Southern Caribbean which will be led by Guyana. At present there are four drillships operating in Guyana drilling for ExxonMobil. That number...

The following is an opinion piece by Arthur Deakin, Analyst at Americas Market Intelligence (AMI) where he conducts political, economic, and other risk analysis activities for the mining, energy and infrastructure sectors in both Latin America and Africa. Starting in January...