Daily Archive: Friday, January 13, 2023

Articles published on Friday, January 13, 2023

ICEG 2023 to shine spotlight on Guyana beyond its oil and gas profile

Guyana’s seeming meteoric accession to recognition as an emerging leader in the global oil and gas industry is expected to be further accentuated against the backdrop of the forthcoming February 14-17 showpiece Second Edition of the International Energy Conference and Expo Guyana 2023 (IECEG) which, like its predecessor, will feature ExxonMobil Guyana as the event’s premier sponsor.

President Ali with Prime Minister Narendra Modi during his recent visit to India.

President cites socio-economic development, foreign policy roles for Diaspora

Seemingly mindful of the importance of the critical role of the Diaspora in his administration’s ‘One Guyana’ agenda, President Irfaan Ali used his recent visit to India to underscore the significance of the overseas-based Guyanese community, particularly their potential role in the social and economic development of Guyana, in the country’s ‘oil and gas’ era.  While President Ali’s ‘One Guyana’ policy is yet to benefit from a documented policy framework, it appears to be driven, in large measure, by an acceptance of the reality that a socio-economic ‘makeover’ utilizing the anticipated returns from the country’s oil and gas earnings, will require both the broad range of skills and intellectual resources, as well as the potential of overseas-based Guyanese to add momentum to the country’s all-round development agenda.

Toby Radford

Radford bats for `Shiv’

Former West Indies batting coach, Toby Radford, has thrown his support behind Guyanese coach, Shivnarine Chanderpaul, to be the next coach of the West Indies senior men’s team.

T&T ramping up oil, LNG hunt

Determined not to relinquish its credentials as the powerhouse of the regional energy industry, Trinidad and Tobago has been redoubling its efforts to attract foreign investors to its energy industry, aware as it is that, in recent years, international interest in the region’s oil and gas sector has shifted decidedly to Guyana, where ExxonMobil remains anchored to the portents promised by what, even now, are believed to be some of the largest off-shore deposits of oil anywhere in the world.  Earlier this week, Port of Spain, through the country’s Ministry of Energy, made the disclosure that it had received sixteen bids from companies seeking to explore and develop oil and natural gas possibilities at eight onshore blocks in the country’s most recent bidding round. 

Cuba President Miguel Diaz Canel

As US economic squeeze persists… Diaz-Canel weighs Cuba’s 2023 economic fortunes

The multiple challenges, not least “an acute economic crisis and an adverse international context which have repercussions in the national economic and social sphere”, compels Cuba “to resort to creative resistance, strengthen local development and local productive systems, fundamentally those that do not depend on foreign currency, as well as develop the circular economy and stimulate innovation,” Head of State and Communist Party Leader Miguel Diaz–Canel told the Cuban people in a recent presentation that appeared designed to prepare the country for more tough times mostly on account of the island’s more than half a century’s old United States economic pressures.

Overburdened and taxed judicial system

Dear Editor, In what can only be described as stinging and frustrated statements from top judicial officers of the need for more judges in an overburdened and taxed system, yet again another promise… the cries will be addressed within three months, with the appointments of the requisite Commissions – the PSC and JSC. 

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1,001’s trading results showed consideration of $7,490,126 from 15,360 shares traded in 16 transactions as compared to session 1,000’s trading results, which showed consideration of $59,871,724 from 246,836 shares traded in 61 transactions.