Tuesday, September 27, 2022

Opinions

Bank account for every baby, free education and better infrastructure; Guyanese vision for oil money mixed

UPDATE: This report was first published on September 23, 2017. Oil production in Guyana started on December 20, 2019 at the Liza Phase 1 Development. As preparation for oil production in Guyana continues, the view of the population regarding what...

Urgency required to meet demand for local content in Guyana

The recent discovery of oil offshore Guyana has created significant excitement for the future of the country and its developing industry. Naturally, the Buzz Phrase being kicked around in every conversation is Local Content.  With Local Content legislation being...

Guyana: Managing Local Content Expectations

The need for, and introduction of requirements for local content in Guyana’s emerging oil and gas industry, continues to engage the attention of stakeholders and the public at large. Even as a draft local content policy framework is being...

Production-Sharing Agreements (Pt. 2): Ownership & mineral development rights

(Part 2) Excerpt from an analysis done by Kristen Bindemann, Oxford Institute of Energy Studies There are two methods of contracting: bilateral negotiation and competitive bidding. When a contract is negotiated bilaterally, the firm, usually a multinational (such as ExxonMobil),...

Should Guyana have its own oil refinery?

A recent assessment by the consultant Pedro Hass, from the British-based international think-tank Chatham House, concludes that building a 100,000 barrel per day oil refinery in Guyana could cost up to $5 billion USD and that such an enterprise...

Latest News

Exxon’s biggest discoveries in Guyana to date

ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit...