Opinions

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

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,...
Opinions

Features for Guyana’s crude oil sale delivery point

Bobby Gossai, Jr. -
The Government of Guyana Agreement may identify the Delivery Point or Points, putting the actual location of the Delivery Point beyond discussion. However, the investing parties should also agree to the procedures for measurement and calibration of measurement equipment...
Opinions

Options for Guyana’s crude oil disposition

Bobby Gossai, Jr. -
Crude oil to be produced from an Exploitation Area shall be taken and disposed of in accordance with the rules set out in the agreed lifting procedures. Arguably, this is the best and the hardest option. It presupposes that...
Opinions

Considerations for an oil and gas lifting agreement for Guyana

Bobby Gossai, Jr. -
In offering an exploration opportunity in a block, the motivation of the government largely is to encourage investment in the form of exploration activities, such as shooting seismic and exploration drilling. The prime objective of the oil company is...
Opinions

The structure and features of the global oil market for Guyana

Bobby Gossai, Jr. -
The members of the Organization of the Petroleum Exporting Countries (OPEC) negotiate over production allocations. This is as opposed to restricting their choice set to non-cooperative or fully cooperative strategies. There are two stages in the OPEC decision tree...
Opinions

Oil supply between OPEC’s cartelization and new producers such as Guyana

Bobby Gossai, Jr. -
The oil supply market is a complex system with complex rules and multiple interactions among the petroleum exporting countries and non-OPEC countries such as Guyana, which makes the modelling and forecasting of market behaviour a challenging task. The...
Opinions

Protracted elections could see Guyana losing hundreds of millions from delay in project approvals

OilNOW -
By Kevin Ramnarine - OilNOW  Last Friday, in presenting its first quarter 2020 results, Exxon mentioned that the Payara project would be delayed by at most twelve months and the target of 750,000 barrels of oil per day (bopd) production...
1...262728...38Page 27 of 38

Latest News

NewsOilNOW -

Guyana and global oil exports marked safe as US market tariffs hit other industries

By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald...

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