An oil 
supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past $75 a barrel – a two year high – as inventories continue to fall and demand picks up.
This scenario has seen analysts predict the return of a $100 a barrel oil price which would be the highest since Guyana began producing crude at the Liza Phase 1 Development in December 2019. This would see the Guyana government raking in around US$100 million per oil lift. Continue reading
GUYANA: OIL: Geopolitics of oil and water in Guyana: Part 2 – By Ivelaw Griffith
The Liza Destiny FPSO – Guyana’s first oil production vessel
By Ivelaw Lloyd Griffith – OilNOW – June 25, 2021
The first article discussed Guyana’s geography and environmental conditions against the backdrop of South America’s lone English-speaking petro state. I turn attention now to the nature and impact of the flooding and offer a few prescriptions to address the challenge.
Water, Water Everywhere
Guyana’s current aqua condition calls to mind the memorable line in Samuel Taylor Coleridge’s classic poem, The Rime of the Ancient Mariner: “Water, water, everywhere.” Heavy rains are expected in Guyana at this time of the year, part of the country’s May-June rainy season. Continue reading →
Share this:
Like this: