Opinions

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

Opinions

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

OilNOW -
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...
Opinions

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

OilNOW -
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...
Opinions

For Guyana ‘light is right’ – the crude quality of choice

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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...
Opinions

Fiscal smoothing for Guyana’s wealth funds

Bobby Gossai, Jr. -
Resource funds have been funded from a variety of sources. In some cases, large trade surpluses have been added to the foreign-exchange reserves of some countries, so as to substantially exceed the normal needs for foreign-exchange stabilisation. In other...
Opinions

Production-Sharing Agreements

OilNOW -
Discussions have been ongoing about the nature of the Production Sharing Agreement (PSA) Guyana has entered with ExxonMobil for the Stabroek block since oil was discovered back in 2015 and production got underway in December 2019. But what exactly are PSAs?...
Opinions

Negotiating an oil agreement for new economies such as Guyana

OilNOW -
The mere mention of a natural resource discovery, especially of oil and increasingly of gas, ignites personal and national dreams of riches and hopes of prosperous times, fuelled more than ever by recent dramatic changes in oil prices. Many emerging...
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Saipem secures US$720 million offshore contracts, including a major Guyana project

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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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