Opinions

Remembering the Basics: Easy Wins for a Sustainable Energy Future in Guyana, Part II

By Dr. Ulric Trotz - OilNOW In our previous consideration of the utilisation of wastes for energy generation in Guyana, we discussed, so far, the potential of employing domestic and agricultural wastes, inclusive of wastes from livestock for this purpose....

Fueling a Sustainable Future: Guyana’s Youth and the Oil and Gas Industry

By Terrence Blackman, Ph. D. & Utamu Bell Guyana's oil and gas industry is rapidly growing, and with it comes an opportunity to empower the country's youth, particularly the marginalised, to actively participate in its economy.  During the most recent "Transforming...

FPSOs’ Role In Raising Guyana’s Position In The Market: What Does This Mean For Production and Revenues?

By Cristina Caus - OilNOW On April 11, 2023, the floating production, storage and offloading vessel (FPSO) Prosperity arrived in Guyana and joined the other two FPSOs, Liza Destiny and Liza Unity. This became the third FPSO vessel that has...

Remembering the Basics: Easy Wins for a Sustainable Energy Future in Guyana (Part 1)

By Dr. Ulric Trotz One of Guyana’s Low Carbon Development Strategy (LCDS) objectives is transforming the country’s energy sector as part of our overall effort to achieve a low-carbon economy. Focus has been on employing a mix of approaches involving...

Dr. Ulric Trotz’s Concerns about Climate Finance

By Dr. Ulric Trotz - OilNOW Two recent developments on the climate finance landscape cause me some concern.  The first is the agreement at the 2022 Conference of the Parties (COP) of the United Nations Climate Change Convention (UNFCCC) in Egypt,...

Guyana’s Oil and Gas Boom – A Less Gloomy Outlook!

By Wilberne Persaud Dashan Hendricks, Jamaica Observer’s Business Content Manager, sought Economist Damien King’s opinion on Guyana’s development prospects based on windfall oil and gas returns. The March 17, 2023 result: “‘Mark my words’… King fears resource curse could...

2023 to be a boon year for project approvals with 30 expected to reach FID – WoodMac

Wood Mackenzie predicts a positive outlook for project development with 30 out of the viable 40+ expected to reach final investment decisions (FIDs) in 2023.  But it does not come easy.  WoodMac’s Vice President, Head of Upstream Analysis Frank McKay and...

Guyana and Venezuela: a David and Goliath match up?

By Ivelaw Lloyd Griffith The International Court of Justice (ICJ) issued its latest ruling in the ongoing judicial saga between Guyana and Venezuela on April 6, last, during the week when three of the world’s most influential religions—Christianity, Islam, and...

Guyana: Economic Diversification Key to Long-Term Development

By Dr. Meredith Arnold McIntyre - OilNOW This is the second in a series of articles on economic and development policy to protect Guyana from experiencing “Dutch Disease.” The rapidly expanding oil sector and associated rising oil revenues have placed...

How companies can win in the upcoming oil auctions in Guyana

By Arthur Deakin - OilNOW Within months, Guyana is expected to have auctioned 14 different oil blocks surrounding the biggest offshore oil discovery in the last decade. The government has announced that there could be 25 billion barrels of...

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WoodMac values 10-FPSO development offshore Guyana at US$150 billion

Luiz Hayum, a principal analyst with Wood Mackenzie's Latin America upstream research team, sees Guyana’s oil bounty raking in...