Tuesday, May 30, 2023

Opinions

Guyana following in footsteps of Qatar, Saudi Arabia, UAE

While they may be oil-dependent, Middle Eastern nations such as Qatar, Saudi Arabia, and the United Arab Emirates (UAE) have a well-established history of responsible energy stewardship. Shrewd governance has not only contributed to decades of sustainable growth, but...

Establishing energy security through policies and regulation for power generation

By Dr. Lorraine Sobers - OilNOW Reliable power generation and distribution is critical to Guyana’s ability to provide essential services such as healthcare, communication, and commerce. In less than a decade, its power generation sector must create systems and networks...

Positioning Guyana Educationally for Economic Growth

With two more oil discoveries in October 2022 and an expected record growth rate of approximately 58% according to International Monetary Fund (IMF), Guyana a nation of less than a million, is facing tremendous challenges surrounding human capital. This...

Shifting the tsunami of oil investments to Regions Three and Six in Guyana

In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...

Innovative research to achieve sustainable development in a resource abundant economy: minimising the resource curse

Dr. H Arlington D Chesney – OilNOW Properly conducted and managed innovative and proactive research, in Guyana’s recently attained resource abundant economy status, could result in the sustainable development of a plethora of commodities within its productive sectors, consequently, contributing...

Is Guyana’s economy self-adjusting or in the early stages of Dutch disease?

Since the emergence of the oil industry in 2015, Guyana has experienced an almost cosmic shift in its revenue inflows. Today, the hydrocarbon sector accounts for more than 50% of Gross Domestic Product (GDP). Traditional sectors, like manufacturing, rice and...

The Border Controversy: Diplomacy must continue to complement the ICJ Process

By Dr. Riyad Insanally - OilNOW On November 17-22, 2022, the International Court of Justice (ICJ) will hear submissions from Guyana and Venezuela on the latter’s objections to Guyana’s case seeking to uphold the validity and binding nature of the...

COP27: Can the Caribbean Region finally get funding for climate adaptation?

The 27th Conference of Parties, as expressed in our first instalment will be the greatest test of goodwill at such a critical forum. It will obviously be overshadowed by the darkness of the new geopolitical context unleashed by the Russia-Ukraine...

Russia’s war will be the greatest test of goodwill at COP27

The 27th United Nations Climate Change Conference of the Parties (COP27) will take place from November 7 to 18, 2022 in Sharm el-Sheikh of Egypt. This important event, like many others before it, will bring together representatives from nearly 200 countries. They will...

Investing in Guyana’s Manufacturing Sector

By Dr. Lorraine Sobers - OilNOW Guyana is facing an exciting future as it makes its mark in the energy sector with oil production soon to exceed one million barrels per day and plans underway to bring natural gas to...

Latest News

Liza Phase Two production dips in second half of April

Production guidance from Hess Corporation for the Stabroek Block indicates a reduction in 2023 Q2 compared to the prior...