Sunday, October 2, 2022

Opinions

Guyana oil revenues to break US$1 billion mark this year; exceed US$7.5 billion by 2030 – Rystad Energy

Bolstered by ExxonMobil’s industry leading production and development pace in the Stabroek Block, Guyana’s oil and gas revenues are on track to break the US$1 billion mark this year and accelerate to US$7.5 billion annually in 2030, research by Rystad Energy shows. The independent...

Strengthening Guyana’s relationship with the United States 

By Wazim Mowla - OilNOW The United States is Guyana’s most important bilateral relationship. The United States remains a major power in the Western Hemisphere and holds significant influence worldwide. It is this influence, the potential investment stemming from US...

Guyana’s Fossil-Green Economy as a Model Climate Change Agent

By Terrence Blackman, PhD and Carolyn Walcott, PhD - OilNOW Guyana is at an exciting yet critical juncture in broader climate change, adaptation, mitigation, and fossil fuel development discourses. As a newcomer to the fossil fuel industry, while the nation...

Guyana can balance the exploitation of her natural resources and protect the environment

By Terrence Blackman, PhD and Utamu Bell - OilNOW Transforming Guyana: Episode II, presented by the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium (CPC), got underway via Livestream on Wednesday, July 13, 2022. Participants sought to explore ways...

Understanding the Decommissioning Liability of EEPGL, Hess and CNOOC

By Joel Bhagwandin - OilNOW There has been quite some misunderstanding and misinterpretation with respect to the accounting treatment of the decommissioning liability for the oil companies as reflected in their balance sheets. This article seeks to offer some clarity...

Splitting the climate change bill for consuming hydrocarbons

By Dr. Lorraine Sobers - OilNOW A disproportionate fraction of the climate change bill is already being paid by developing countries. There is no correlation between where climate change hits hardest and the source of massive greenhouse gas emissions. It...

What comes after high oil prices for Guyana?

By Scott B. MacDonald - OilNOW The Russo-Ukrainian War came as a surprise blow to the global economy, with the shock waves rippling outwards from Eastern Europe and the Black Sea and reaching as far as the Caribbean. It has...

Review of the consolidated financials of the Stabroek Block co-venturers

By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...

To form or not to form: Guyana’s dilemma in establishing a National Oil Company (NOC)

By Cristina Caus and Jerry Haar – OilNOW Since its oil discoveries in 2015, Guyana has been contemplating the formation of a national oil company. Its dilemma “to form or not to form” (to borrow from Hamlet's soliloquy) must be...

Tom Mitro failed to prove Guyana losing big on cost oil deductions

By Joel Bhagwandin - OilNOW I am tired of responding to first world “so called experts” who have their own agenda and based on their absurd pronouncements on Guyana’s affairs, probably believe that we are an uneducated population and lack...

Latest News

Guyana’s non-oil economy also performing well, IMF report shows

The International Monetary Fund (IMF) projects that Guyana, for the next five years, will see growth in its non-oil...