Opinions

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

Opinions

Principles for natural gas agreement with the Government of Guyana

Bobby Gossai, Jr. -
The Guyanese government under the contract is likely to have its own share of profit hydrocarbons to lift, including natural gas. A state-owned oil and gas company (‘the government oil & gas company’) will be appointed to lift such...
Opinions

Commitment to joint sales for Guyana’s hydrocarbons

Bobby Gossai, Jr. -
The parties will commit to dedicating their natural gas entitlement to joint gas sales and will authorize the operator to conduct various activities on their behalf in a coordinated manner such as preparing a marketing strategy, designing and constructing...
Opinions

Provision of information by the operators for Guyana’s natural gas development

Bobby Gossai, Jr. -
Assuming that the joint venture will have limited facilities for the reinjection or storage of natural gas, the ability of the parties to take their natural gas entitlement directly affects the ability of the operator to maintain expected levels...
Opinions

Guyana facing ‘series of shock and multiplier effects’ triggered by political crisis – Economist

Bobby Gossai, Jr. -
By Bobby Gossai, Jr. - Economist The expected high growth rate of the Guyanese economy will be reduced by several factors outside of the limits of the coronavirus. Guyana had an expected exponential growth from 2020 to 2028 which would...
Opinions

Ownership of Guyana’s future natural gas to be lifted

Bobby Gossai, Jr. -
Unlike the principles for the crude oil lifting agreement that could be in the disposition of crude oil, the disposition of natural gas must go to the trouble of clarifying that any amount of natural gas actually taken by...
Opinions

Development and disposition of Guyana’s potential natural gas

Bobby Gossai, Jr. -
The host government contracts should have separate provisions for the disposition of natural gas. It is debatable whether this is necessary. As between the lifting parties, the arrangements necessary to ensure that all forms of crude oil are timely...
News

Regulating the sale of Guyana’s crude oil lifts’ entitlement

Bobby Gossai, Jr. -
This provision is inevitably controversial because it provides for the parties not simply to overlift crude oil that may have been scheduled to be lifted by one party, but for the parties to take a party’s entitlement and sell...
Opinions

Provision for marine loading of Guyana’s hydrocarbons

Bobby Gossai, Jr. -
Guyana must address the need for the investing parties to agree on the allocation of risk in relation to tanker loading, whether at an offshore platform, Floating Production Storage and Offloading (FPSO) facility or any future onshore jetty. In...
Opinions

Lifting submissions of Guyana’s petroleum resources

Bobby Gossai, Jr. -
Efficient use of lifting and transportation capacity requires planning. By nominating to the operator acceptance of their entitlements, the parties confirm that they have arranged the required offtake capacity in time to lift their entitlements in accordance with the...
Opinions

Setting Guyana’s hydrocarbons production forecasts for lifting agreements

Bobby Gossai, Jr. -
Production forecasts are a workmanlike description of the forecasting and reporting activities which must be performed by the operator under the lifting agreement. The lifters will require adequate notice of the expected quantity and timing of their entitlements; typically,...
1...252627...38Page 26 of 38

Latest News

NewsOilNOW -

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...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks