Opinions

The views expressed here are solely those of the author in their private capacity and do not represent the views of OilNOW.

Opinions

Letter-to-the-Editor: No matter the price of oil, Guyana will receive a lot of revenue

OilNOW -
There is a Letter to the Editor published in Sunday’s Stabroek News under the headline, “Guyana is losing US$35B by failing to negotiate a fair royalty”. While I can sympathize with the sentiment behind the letter, I believe that...
Opinions

Is the world heading for a shortfall in global oil supply?

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By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil supply as soon as next year – pretty remarkable considering where oil demand was last spring, with economies slowing under...
Opinions

Will oil companies start spending again? Cash generation could hit record levels in 2021

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By Simon Flowers - Chairman, Chief Analyst and author of The Edge at Wood Mackenzie This could be the year oil and gas roars back. Tom Ellacott, SVP Corporate Analysis, saw in early December that the industry could have its own V-shaped recovery...
Opinions

Guyana should learn from Brazil’s shortfalls in its Local Content Policy

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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...
Opinions

Guyana must not allow critics, challenges to detract from broad potential benefits of gas pipeline

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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...
Opinions

An approach to healing Guyana’s socio-political and economic ills [Part 1 of 2]

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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...
Opinions

Guyanese leadership in the Oil and Gas sector will require Guyanese excellence in STEM education

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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...
Opinions

A consortium of investors can be put together for gas to shore project

OilNOW -
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...
Opinions

Rig count in Guyana-Suriname basin has doubled in 2 years

OilNOW -
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...
Opinions

A contextual Economic & Financial Analysis of Guyana’s Gas to Shore Project

OilNOW -
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...
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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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