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Guyana nears decision on new fuel supplier following closure of Trinidad’s refinery

The Guyana government is wrapping up its search for a new source of fuel supplies, following the closure of Trinidad and Tobago’s state oil refinery, Petrotrin, official said. Public Infrastructure Minister, David Patterson told Demerara Waves Online News that Petrotrin has agreed to supply Guyana until the end of October, 2018 by which time government must find another source for ...

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Mexico shares oil industry safety expertise with Guyana

Mexico’s Agency for Safety, Energy and the Environment (ASEA) is sharing its industrial and safety and environmental regulations of the oil and gas industry based on its Risk Management Model, officials said. Officials of ASEA, the main regulator of the Mexican oil industry, are facilitating a two and a half-day workshop on regulation of the oil and gas sector. ASEA’s Executive Director, ...

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Three entities claim ownership of City wharf leased to Paul Sandy’s shipping company

Amid claims that Town Clerk, Royston King allegedly leased a Lombard Street wharf that supposedly does not belong to the City Council, new information surfaced on Monday that two other entities are laying claim to the property. Paul Sandy, the lone Director and Secretary of Quick Shipping Inc; testified before a Local Government Commission-organised Commission of Inquiry that he paid ...

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Foreign Minister cautious about direct transfers of ‘oil money’ to very poor

Foreign Affairs Minister, Carl Greenidge seemed less than enthusiastic about the idea of conditional direct cash transfers of oil revenues to very poor Guyanese. Speaking with Guyanese in New York at the weekend, he said already many people, who get financial support from their overseas-based relatives and friends, are not inclined to seek employment and engage in annoying activities that ...

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Guyana opposes military intervention in Venezuela

Guyana’s Foreign Affairs Minister, Carl Greenidge on Saturday said his country would not support the invasion of Venezuela from where people are continuing to flee worsening political, economic and social conditions. “We have no interest, as a government and I think that is true of the opposition also in orchestrating or encouraging anybody to invade Venezuela,” he told a meeting with ...

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Leading Guyanese law firm to monitor, advocate for best oil legislation, regulations

A prominent Guyanese law firm, which has now opened offices in the United States oil capital of Houston, Texas, will be monitoring all legislation and regulations that might impact on oil industry companies that are operating here or plan to do so, officials said Friday night. The Guyana-headquartered 36-year old law firm-Hughes, Fields and Stoby–  Friday night launched Hughes, Fields and ...

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Guyana crafting rules to calculate oil companies’ costs; independent auditors might be hired

As debate continues over whether Guyana might have lost millions of United States (US) dollars to ExxonMobil in the development of Liza Phase One,  government here on Friday announced that steps were being taken to reduce controversies in calculating costs. This announcement was made by Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe at the ...

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Including forestry, gold in sovereign wealth fund is bad business; remove permanent tax waivers from future oil agreements- Charles Ramson Jr.

British-trained oil and gas resource person, Charles Ramson Jr. on Friday called for the removal of other natural resources such as forestry and gold from the proposed sovereign wealth fund, and the erasure or amendment of permanent tax  from Guyana’s future Production Sharing Agreements (PSAs). Just back from a University of Oxford Oil Gas and Mining Executive Course, Ramson announced that ...

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Caribbean should train nurses for overseas markets; nursing college to be constructed

As 74 Guyanese nurses prepare to leave to take up job offers in the United Kingdom, Guyana’s Public Health Minister, Volda Lawrence announced in the United States (US) that government would be setting aside 30 acres of land to construct a nursing college to train local and Caribbean health care personnel. Addressing overseas-based Guyanese in Washington DC where she was ...

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Town Clerk leased land not owned by City Hall to shipping company

Town Clerk, Royston King leased a parcel of land to a shipping company, but the Commission of Inquiry into the operations of the Georgetown Municipality says that land is owned by government’s holding company for State assets. Chairman of the one-man Commission of Inquiry into City Hall’s administration, Retired Chancellor of the Judiciary, Cecil Kennard that the probe would focus, ...

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