Daily Archive: Friday, January 27, 2023

Articles published on Friday, January 27, 2023

David Patterson speaking during the budget debate (Parliament of Guyana photo)

Guyana should be getting 50/50 split on Liza 1 profits – Patterson

As he called on government yesterday to update the nation on the status of oil recovery at the Liza 1 Project, Opposition Member of Parliament, David Patterson said that ExxonMobil had in 2018 given the APNU+AFC government assurances that four years after production and with only 120,000 barrels of oil equivalent (boe) per day, there would have been a 50/50 profit share.

2023 Budget underlines local, regional importance of agriculture sector

A likely preoccupation with managing the incremental socio- economic transformation that is projected to arise out of Guyana’s oil and gas industry should not be allowed to compromise the traditional heavy focus on the country’s agriculture sector, not at a time when concerns over regional and global food security dictate that the country direct more resources towards the continual growth of the sector.

Vivian Richards Cricket Ground in Antigua.

Pride begin title bid at iconic stadium

BRIDGETOWN, Barbados, CMC – Barbados Pride’s bid for a third successive first class crown will begin at the Vivian Richards Cricket Ground in Antigua next week, when they take on traditional rivals Guyana Harpy Eagles.

Global rice supplies challenge could impact Caribbean food security situation

With predictions emanating from the global Analytics company, GRO Analytics Intelligence, regarding a likely sharp reduction in rice production in 2022/2023 (a projection with which the United States Department of Agriculture concurs), it would be instructive to attempt to assess the implications of this pronouncement for Guyana, the foremost rice grower in the Caribbean Community (CARICOM).

Team was selected before Adams’ 4-25

Members of the Guyana Cricket Board (GCB) selection committee yesterday said that Ashmead Nedd’s selection ahead of Antony Adams on the Guyana Harpy Eagles squad for this year’s regional four-day competition was a case of timing as well as long-term prospects.

Brian Lara with Kyle Mayers in the nets.

Lara to assist CWI as Performance Mentor

ST JOHN’S, Antigua – Cricket West Indies (CWI) yesterday announced that former West Indies captain and batting legend, Brian Lara, has agreed to assist CWI as a Performance Mentor – working across all international Teams and with input into the West Indies Academy.

Is the GMC hamstrung by the confines of political control?

There is a persuasive argument for asserting that the encouraging growth of the country’s agro-processing sector over a period of a decade or more has been due, overwhelmingly, to the diligence and inventiveness of local agro processors, mostly women with little or no formal training in the discipline, and even without the profusion of technology that has attended the incremental global growth of the sector.

ODI star Shai Hope

CWI hails Windies trio after ICC honour

ST JOHN’S, Antigua, CMC – Cricket West Indies president, Ricky Skerritt, has heaped praise on the West Indies trio of Kraigg Brathwaite, Shai Hope and Alzarri Joseph, who were this week named by the International Cricket Council in their Teams-of-the-Year.

Caribbean Development Bank President
Dr Hyginus Gene Leon

CDB backing push for greater regional airlift capacity

Evidence that the free movement of people and goods has become increasingly important to both the development of the respective countries of the region as well as to realizing the collective benefits to be derived from their shared membership of the Caribbean Community (CARICOM) would appear to be pushing the region with greater haste towards a breakthrough in the quest for upgraded intra-regional air travel.

Guyana’s oil and gas reserves big on Hess Corp radar

Evidence that Guyana’s now proven world class oil and gas resources continue to attract the attention of some of the world’s leading players in the industry has recently been underscored in the disclosure by Hess Corporation, one of the United States’ high-profile oil companies, earlier this week, that it will be allocating a huge slice of its 2023 US$3.7 billion capital and exploratory budget to exploratory work offshore Guyana.

Gov’t seeking World Bank help for audit on skills needed for oil and gas

The importance of an accelerated upgrading of the country’s human resource base to a level where Guyanese can access key jobs in the country’s oil and gas sector has triggered a disclosure by the Ministry of Education that it is seeking the services of a Consultant to undertake an audit to determine the extent to which the country’s skills will require upgrading to meet the job requirements.

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1003’s trading results showed consideration of $30,893,291 from 94,423 shares traded in 41 transactions as compared to session 1002’s trading results, which showed consideration of $30,588,358 from 90,264 shares traded in 30 transactions.

The Princes Street sluice door

Last week Charlestown and Albouystown experienced heavy flooding as a consequence of what Minister of Agriculture Zulfikar Mustapha described as “faulty work” on the part of a contractor who had installed a steel door in the Princes Street sluice.