Opinions

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

Editorial

Guyana: Managing Local Content Expectations

OilNOW -
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...
Opinions

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

OilNOW -
(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),...
Opinions

Should Guyana have its own oil refinery?

OilNOW -
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...
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Latest News

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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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