Opinions

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

Opinions

Value-addition and human capital creation for economic growth: key elements of Local Content Policies

Bobby Gossai, Jr. -
Local Content Policies (LPCs) are part of a broader category of policies known as Productive Development Policies (PDPs) or Industrial Policies (IPs), which, in the most expansive definition, include all government interventions, measures or programmes that aim to increase...
Opinions

Local Content Policy for Guyana: Maximizing Economic Benefits

Bobby Gossai, Jr. -
Increasing hydrocarbons finds offshore Guyana will offer significant opportunities to the country to fast track economic development and ensure that public welfare improvements are delivered to the citizens. One approach to doing so which should be adopted is to...
Opinions

Guyana’s optimal policy – progressive taxation of petroleum and mineral resources

Bobby Gossai, Jr. -
A commonly held view first introduced by the Dutch Disease literature is that resource price increases and more of the resource discoveries lead to higher government spending, an increase in the relative price of non-tradable goods and a loss...
Opinions

Fiscal rules for Guyana’s future oil exporting economy

Bobby Gossai, Jr. -
Commodity exporters such as Guyana should adopt procyclical fiscal policies that exacerbate macroeconomic volatility. Increasingly, empirical evidence suggests that the mismanagement of the commodity revenues may be a primary culprit behind the volatility in commodity exporting countries (Snudden 2016). Oil...
Opinions

The financial sector and business cycle linkages in the emerging Guyanese oil economy

Bobby Gossai, Jr. -
The recent oil price fluctuation has created concerns for many oil-exporting countries and particularly for the Organization of the Petroleum Exporting Countries (OPEC) members. For Gulf countries, hydrocarbon exports represent more than half of total exports. Oil revenues account...
Opinions

Letter: Pressing questions for PM Rowley ahead of MoU signing

OilNOW -
Dear Honourable Prime Minister, Welcome to Guyana! I note your newly-birthed excitement to visit Guyana and to partake in our oil and gas ‘prosperity.’ As someone, who still believes in the potential of the CARICOM project, it is always comforting when...
Opinions

Letter-to-the-Editor: Times article an insult to Guyanese; SWF not in limbo

OilNOW -
Dear Editor, We note with disappointment the article in the New York Times by Clifford Krauss entitled “The $20 Billion Question.” We do not wish to address the laughably simplistic and selective description of our country as a land where...
Opinions

Suriname Dry Holes: “Do not despair!” – Elephant Man, Rob Strong

OilNOW -
The following is an extract from a previous article I contributed to for OilNOW in November 2017.  “Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with...
Opinions

Letter-to-the-Editor: Importance of sharing accurate information on Guyana’s burgeoning oil and gas industry

OilNOW -
Dear Editor In an article that appeared in the Kaieteur News on Sunday, June 10, which quoted Charles Ramson Jr., it was suggested in the report that the GYD$10B spent in Guyana with local companies is minuscule. The article was...
Industry Insight

Ramblings from an oil and gas conference and trade show junkie

OilNOW -
My recent attendance at GIPEX 2018 prompts my column today and what a conference it was!  But more on that conference later. Oil and Gas Conferences and Trade Shows First, let’s talk about the benefits of oil and gas conferences and...
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Latest News

NewsOilNOW -

Staatsolie exceeds bond target, raising US$515.8 million

Staatsolie Maatschappij Suriname N.V. issued a new bond on March 23, 2025, reportedly raising US$515.8 million—US$211.7 million more than...

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