Opinions

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

Opinions

Mechanisms for diversion in Guyana’s petroleum industry

Bobby Gossai, Jr. -
There are basically four (sometimes interrelated) mechanisms for “corrupt” privatisations, besides the obvious ones – just giving the resource to one’s cronies, or, having a first-come system in which those already in the field are in a better position...
Opinions

The role of the invisible hand and diversion in Guyana’s natural resources development

Bobby Gossai, Jr. -
The fact that privatisation did not solve the problem of resource diversion should not have come as a surprise: profit-maximizing private enterprises naturally seek to minimize what they give to the government for their rights to control the use...
Opinions

Privatisation’s role in maximising Guyana’s total benefits from the petroleum sector

OilNOW -
Too often countries do not get the full value of their resources. A government would genuinely be interested in using its good luck of an abundant resource endowment for the benefit of its people. However, first, it must somehow...
Opinions

Specific issues relevant to associated natural gas for Guyana

Bobby Gossai, Jr. -
The Association of International Petroleum Negotiators (AIPN) has a definition of crude oil which is wide enough to include condensates, natural gas liquids and other forms of liquid hydrocarbons. Increasingly, economic and political pressures require the parties to extract...
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...
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Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

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