Opinions

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

Opinions

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

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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...
Opinions

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

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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...
Opinions

Dr. Ulric Trotz’s Concerns about Climate Finance

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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,...
Opinions

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

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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...
Industry Insight

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

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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...
Opinions

Guyana and Venezuela: a David and Goliath match up?

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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...
Opinions

Guyana: Economic Diversification Key to Long-Term Development

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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...
Opinions

How companies can win in the upcoming oil auctions in Guyana

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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...
Opinions

Public-Private Partnerships—A Promising Path Forward if Done Right

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By Jerry Haar Assessing the economic condition of the State of Maryland where he was elected governor in January, Wes Moore concluded: “we are asset rich and strategy poor.” Some would argue that evaluation applies to Guyana,...
Opinions

Riding the wave: Guyana’s stock exchange and the thriving oil and gas economy

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By Dr. Carolyn Walcott & Dr. Terrence Blackman Many people in Guyana, a small country, culturally a part of the Caribbean, located in the northeastern corner of South America, must be made aware that the country has a stock exchange....
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