Poten's Weekly Opinion: Guyana Revisited

Apr 22 2021

A welcome new addition to the crude oil export markets.

In October 2019, we wrote a Weekly Opinion entitled “Guyana Gusher”. We described the enormous potential of this new Atlantic Basin oil producer that was planning to start exporting oil in the beginning of 2020, growing its output to 120,000 b/d in 2021 and eventually targeting 750,000 b/d in 2025. Back in 2019, we did not know where the oil was going to be exported to and which tanker segments were likely to benefit most.


Obviously, the original plans pre-dated the Covid-19 pandemic and the resulting turmoil in the oil markets and things will have changed. In this Weekly Tanker Opinion, we will take a look back at how 2020 and the beginning of 2021 developed for Guyana as compared to our original expectations.


Download The Weekly Opinion


Related News

DNV – beware new safety risks from new systems

(Jun 15 2021)

New digital and environmental technologies can mean that ships are exposed to new risks – such as cyber incidents, alarm ‘floods’, and problems due to lack of crew familiarity with new fuel systems, says DNV in a white paper. But the solution is with...

Cyprus – seafarer vaccinations, green incentives and ETS

(Jun 15 2021)

We spoke to Vassilios Demetriades, Shipping Deputy Minister of Cyprus, about Cyprus’ proposal for seafarer vaccinations, a green incentives scheme for ships under its flag, and the EU Emissions Trading Scheme for shipping.

Poten: Changes afoot for Sub-Saharan crude and product trades

(Jun 15 2021)

For many years, West Africa represented a growth area for both crude oil and product tankers.

Poten's Weekly Opinion: Back to the Future

(Jun 15 2021)

By the end of 2022, oil demand should exceed 2019 levels.

Views from Concordia Maritime on the tanker market

(Jun 03 2021)

Kim Ullman, CEO, Concordia Maritime, issued the following message on May 27.

June-July 2021

Stena Bulk and decarbonisation - how BHP makes decarbonisation work financially - update on worldwide piracy - managing security risks of ECDIS - tanker inert gas systems