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Experts explore Guyana’s emergence as an oil producer and implications for the future of the Venezuela-Essequibo controversy

By Terrence Blackman, PhD and Utamu Bell – OilNOW The fourth episode of the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium's (CPC) Webinar Series, "Transforming Guyana," got underway on Wednesday, September 14, with a discussion centered around "Guyana's...

Delivering Guyana’s biggest transformational project could exceed US$2 billion, economist says its worth it

As the Guyana government and the Stabroek Block co-venturers move forward to develop the Gas-to-Energy project, costs could exceed US$2 billion. This is based on the sum of cost estimates for the onshore plants and the pipeline. ExxonMobil estimates...

Linking Guyana’s economy with STEM education

By Dr. Lorraine Sobers - OilNOW “Education is our passport to the future, for tomorrow belongs to the people who prepare for it today.” - Malcolm X If education is the passport, the visas in it represent access to specific destinations...

Venezuela’s latest move in its waiting game with Guyana, pt. 2

By Ivelaw Lloyd Griffith - OilNOW In Part 1, we discussed Guyana’s pursuits at the World Court, Venezuela’s legal manoeuvres that likely will lead to an extension of the waiting game, and the existential anxiety and geopolitical desperation being experienced...

Small refinery for Guyana could make a big difference for energy security – VP

Talk of Guyana having an oil refinery have ramped up in recent months. The governing administration is exploring options, having received proposals from eager investors. Though no final determination has been made, Guyana’s Vice President Dr. Bharrat Jagdeo believes that...

TotalEnergies starts production at Ikike field off Nigeria coast

TotalEnergies said Monday it started production at the Ikike field, 20 kilometers (km) off the coast of Nigeria. The Ikiken platform meets a depth of about 20 meters and is tied back to the existing Amenam offshore facilities through...

South Korea keen on Brazil’s Tupi crude – Platts

(S&P Global Platts) Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades' cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade...

Can Guyana partially substitute Russian gas? The numbers appear to say so

By Arthur Deakin – OilNOW In June of 2022, gas supply from Russia to the European Union fell by nearly two-thirds compared to the previous year. Nord Stream 1, which is responsible for nearly 40% of Russian gas exports to...

Guyana aiming for major infrastructure overhaul by 2030, as largest building expo launched

The Guyana government launched the International Building Expo at the National Stadium Friday night, the largest one to date, heralding a massive infrastructural overhaul for the new oil producing country this decade. Sherwyn Greaves, Chief Executive Officer of the Central Housing...

Guyana’s largest shore base secures 11-year contract extension with Exxon

The Guyana Shore Base Inc. (GYSBI) – the South American nation’s premiere shore base facility secured an 11-year extension contract to see it giving continued service to ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL). GYSBI’s new contract...

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Letter-to-the-Editor: Empowering Guyanese youth in the offshore energy ector

Dear Editor, As a recent graduate of the University of Guyana, I've been reflecting on the future that lies ahead...