Opinions

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

Opinions

Sanctions and the oil industry in Venezuela

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Given the recent sanctions on Venezuela from Trump’s administration, the Latin American country is expected to declare bankruptcy, according to Breitbart News. However, it is not due to these sanctions that Venezuela is on ‘free fall’; it is instead...
Opinions

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

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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...
Opinions

Urgency required to meet demand for local content in Guyana

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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...
Editorial

Guyana: Managing Local Content Expectations

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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

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(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?

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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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MODEC launches new offshore training intake for Guyanese technical graduates

MODEC has launched a new intake for its Offshore Technical Trainee Program in Guyana. This initiative follows the launch...

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