Opinions

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

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

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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

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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

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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...
Opinions

Letter-to-the-Editor: Guyana needs to be wary of so-called foreign experts pronouncing on its economic affairs

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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,...
Opinions

Guyana set to lead Southern Caribbean offshore drilling in 2021

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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...
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US$2.5 billion in oil revenue to support Guyana’s 2025 budget

The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for...

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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