Opinions

Experts Explore the Investment Climate in Guyana

By Utamu Belle and Dr. Terrence Blackman – OilNOW The eighth installment of the GBJ and CPC's webinar series, "Transforming Guyana,” focused on "Investment Attraction and Retention, and the importance of Protection, Regulations and the Business Environment." These webinars bring...

2022 Year in Review of Guyana, Part 2: In Closing…

By Dr. Lorraine Sobers In my latest article, I rehashed a selection of themes addressed during 2022. Regular readers and energy sector observers may have noticed the omission of local content, education, ESG criteria, Guyana’s political stability and positioning on...

Navigating the Emerging Oil & Gas Economy for Guyana’s Indigenous Communities: Consultation, Challenges, and Opportunities

By Sydney Allicock, Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW The Indigenous Peoples of Guyana, known locally as Amerindians, comprise nine distinct groups, each with their own unique culture and traditions, three in coastal areas and six in...

Geopolitics of Oil: the case of Venezuela and lessons for Guyana

By Joel Bhagwandin – OilNOW Over the past two decades, Venezuela has changed to become a problematic country from an investment perspective. Venezuela’s political and economic history supports the assertion that Venezuela has and continues to be a risky place...

The Paradox of Plenty: Reflections on Implementing Guyana’s Local Content Laws

By Vivian M. Williams, Esq. and Dr. Terrence Blackman - OilNOW In October 2022, the Guyana Business Journal (GBJ) challenged a panel in Episode V of its Webinar series Transforming Guyana to deliberate on How Guyana could maximise local capture...

The Right to Produce

By Cristina Caus and Jerry Haar - OilNOW After years of resistance from rich governments, in November 2022 at the COP27 Summit in Egypt the principals finally agreed to set up a “loss and damage” fund to help developing nations...

Guyana needs an ‘elixir of policies’ that will benefit its people

By Jerry Haar - OilNOW Countries do not survive or thrive on macroeconomics and politics alone. Those factors are most important; however, there are structural and institutional forces and factors at play that occupy an even larger role in how...

Existential Relationships between Oil and Gas Revenues, in Guyana, Suriname and Trinidad and Tobago, with Caricom Food Security

By Dr H. Arlington Chesney - OilNOW Recent global activities have re-emphasised the importance of oil and gas revenues emanating in the Caribbean with the achievement of climate resilient activities and acceptable food security levels in the Caribbean Community and...

Guyana goes after reforms to modernise oil sector

In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...

The Significant Offshore Events in the U.S. That Contributed to Guyana’s Meteoric Rise as a Leading Oil Producer

By Fernando Hernandez - OilNOW To understand Guyana’s meteoric rise as an oil-producing nation, it is necessary to reference critical events that occurred in the U.S.’ Gulf of Mexico (GoM) in 1947 and 1986. These events were crucial to the...

Latest News

An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...