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Tag Archives: oil and gas sector

Tourism body tapping into Carnegie School as oil sector fills hotel rooms

President of the Tourism and Hospitality Association of Guyana (THAG), Mitra Ramkumar says the emerging oil and gas sector is boosting hotel occupancy, even as his organisation is preparing to give graduates of Carnegie School of Home Economics internship and job opportunities. Ramkumar, in an address to mark the reopening of Carnegie’s Hibiscus Restaurant for the new school term, noted ...

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APNU+AFC urges youths to prepare for thousands of construction jobs

The incumbent A Partnership for National Unity+Alliance For Change (APNU+AFC) Wednesday night promised to generate thousands of jobs in the construction of bridges and houses should it be reelected at the March 2, 2020 general elections. This was made known to about 200 party faithfuls by APNU+AFC’s Volda Lawrence at a public meeting held at Uitvlugt, West Coast Demerara. Lawrence ...

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Change Guyana promises Guyanese shareholding in oil sector, “special funds” for welfare

Change Guyana (CG) political party on Tuesday made a number of promises to ensure a “fair share ” of the country’s oil and gas resources are provided to ordinary Guyanese, while at the same time taking back all idle oil blocks and holding annual auctions with significant signing bonuses. “All blocks for which investors’ commitments have not been delivered to ...

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As oil production begins, Granger expects increased jobs, promises wise spending of oil money

President David Granger Friday night said he expected increased jobs and assured that oil revenues would be spent wisely, shortly after ExxonMobil announced that it earlier in the day began commercial oil production from the Liza field offshore Guyana. “The petroleum sector will stimulate increased employment and expand services,” he said in an address to the nation. He announced that ...

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Former Jamaica PM: Time for Guyana to change law for small companies to bid for gov’t contracts; no room for corruption

Former Jamaica Prime Minister, Portia Simpson-Miller Thursday night called on Guyana to put systems in place for small businesses to benefit from the expected economic boom. In an address to the Georgetown Chamber of Commerce and Industry’s (GCCI) awards ceremony, Mrs Simpson-Miller said allowing small businesses to participate in the economy and a transparent economic process should do well for ...

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Demerara Offshore launches with eyes on local content development

Demerara Distillers Limited (DDL), through its subsidiary Demerara Contractors and Engineering Limited (DCEL) and  Caribbean Welding Supplies Limited (CWSL) have established an oil and gas services joint venture, Demerara Offshore Incorporated. Demerara Offshore will be providing a wide range of services to the oil and gas sector that include the development of a world-class shore base facility, welding and fabrication, ...

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Equal pay for drillship workers but unions must understand industry -new oil company

The recently established Unicon Guyana Inc. (UGI), which includes a well-established Ghanaian company, has promised that the workers it will hire, train and place aboard oil rigs will receive equal pay with their foreign counterparts, but trade unions must come to grips with the reality of working conditions aboard drillships. “Specifically, I want to say that once I’m Chairman, UGI ...

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Stop politically-inspired legal interpretations -Attorney Nigel Hughes

Oil industry lawyer, Nigel Hughes is warning that political interpretations of the Caribbean Court of Justice’s (CCJ) judgements on the no-confidence motion are sending bad signals to investors. “We are now at the advent in the unfolding oil and gas era in which the interpretations of orders of court on matters of political importance are likely to be subject to ...

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Guyana’s businesses must demand more local content -Trinidad’s former energy minister

Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine agrees that Guyana’s business community should demand that foreign oil and gas industry companies buy more goods and services locally, but at the same time he sees a role for partnerships between Guyanese and Trinidadian companies. Speaking with local media representatives on Thursday via Skype, Ramnarine said if international oil companies are ...

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Time to revisit CARICOM; Trinidad & Tobago “predatory” on Guyana’s emerging oil sector -Robert Persaud

Former Guyana government minister, Robert Persaud on Tuesday called for the 15-nation Caribbean Community (Caricom) Single Market and Economy (CSME) to be revisited. “The time has come for us to revisit the Treaty of Chaguaramas. The time has come for us to redefine what do we want, mean of want out of Caricom and, Guyana, we must start that conversation ...

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