Guyana poised for another transformative moment with oil production

January 12, 2020

first_img53rd Independence AnniversaryPresident David Granger emphasised in his Independence Day message that the future belongs to the youths of Guyana. Calling Guyana’s independence transformative, the President noted that May 26, 1966, laid the foundations for a better life.The Head of State said that the immediate post-Independence decade was a period of effective efforts aimed at expanding the country’s infrastructure and improving public services. These nation-building initiatives, he added propelled rapid improvements in the country’s economic, physical and social infrastructure.“The newly-independent State strolled onto the global stage with confidence. It became respected and recognised for its efforts in advancing the cause of the developing countries, particularly of the small African, Caribbean and Pacific states.”According to the President, youths today have a greater say in decision-making than before, with young professionals and entrepreneurs being consulted for the budget formulation. Pointing to the upcoming oil and gas production, President Granger noted that this new revenue is likely to bring more transformation.“The future belongs to young people. This axiom is true today as it was 53 years ago when Guyana attained its Independence. The central aspiration of the independence generation was to secure a better future for their children and grandchildren,” the Head of State said.He pointed out that Guyana, today, is poised for another transformative moment. The commencement of petroleum production, next year, and the transition towards becoming a “green” State will increase economic growth and provide greater resources for development.“The future belongs to young people. The resources derived from economic expansion and diversification will be deployed, primarily, to secure and safeguard our children’s and grandchildren’s future. Young people can be assured of greater opportunities as a result of oil production and the policies of the Guyana Green State Development Strategy.”Young people, he added have started to play a pivotal role in driving development.“… a nation in which young people are united, educated, trained, safe, happy, healthy and integrally involved in the decision-making processes, while enjoying equality of opportunity and equal access to the resources of our country and are politically, economically and socially empowered.”Education, equality, empowerment and employment are the four pillars of our national youth policy.  The good life, regardless of the resources available to us, will be unattainable unless young people have access to better education, enjoy greater equality, are provided with expanded employment opportunities and are empowered to make decisions which determine their future.Education is a bedrock of Government’s youth development policy, he stated, adding that Government’s policy of every child in school aims at ensuring that no one is left behind. Young people are being equipped with the knowledge and skills to become productive citizens.The 53rd Independence Anniversary flag raising ceremony and cultural display is scheduled to include thousands of youths, who will endeavour to keep the crowd entertained. It will be held on the D’Urban Park tarmac today.last_img read more

Cost outweigh benefit for third dam, Site C critic says

January 11, 2020

first_imgDan Potts is a retired Forest Industry Executive with degrees in Chemical Engineering and Business, and more than 30 years experience managing capital and energy intensive facilities. He argues the huge cost of $7.9 billion to build the dam will rob the province of valuable resources, which could be used to deliver other needed government services, and at the same time, burden the provincial economy with debt and high electric power rates that will sap its competitiveness.Potts notes B.C. Hydro has filed information that the cost of electric power from Site C will be in the area of $100 per megawatt hour, but that current market prices are in the area of $30 per megawatt hour.- Advertisement -He therefore argues, if Site C was currently operational, the market value of the power produced would be $350,000,000 per year less than the cost, and in order for electric power from Site-C to be competitive, natural gas prices will have to increase by a factor of 3.5 times.Potts also notes these numbers are based on the project being built for its estimated cost of $7.9 billion, but he suggests there’s a significant risk of substantial cost over-runs, and additional costs associated with First Nations accommodation.He concludes the province should recognize the costs, risks, and market realities associated with the project and postpone it until there’s a reasonable business case indicating its construction will actually be a benefit to British Columbia.Advertisementlast_img read more

Drilling forecasts see dramatic slashes for 2015

January 11, 2020

first_img“They are talking about energy policy reviews, that is causing uncertainty there’s no question about it, where we’re actually going to land when it comes to land in terms of royalties,” said Scholz.“They’ve already announced a two per cent corporate income tax hike. However, we’ve actually had a chance to sit down on a few occasions and they’ve been incredibly receptive to working with the industry.“They know this industry is incredibly important to job creation and to the Canadian economy,” he said.We also asked Mr. Scholz about the possible downturn impact of technological advancement—both in terms of job loss and cost savings.“It has improved productiviy. I think the overall composition on the crew hasn’t really changed that much,” he said.Advertisement Another oil and gas industry group is slashing its forecast for the number of wells that will be drilled in Canada this year to only 5,531.In its second update of its 2015 forecast, the Canadian Association of Oil Drilling Contractors (CAODC) has cut its predictions since January for wells drilled and jobs lost by 16 and 9 per cent, respectively.Going back to its initial forecast in October, it’s predicting “an astounding” 47 per cent drop in wells drilled, and, when it comes to job loss, the downgrade is 50 per cent — 25,110 fewer jobs than last year.- Advertisement -The only encouraging news from Association President Mark Scholz was for BC, when he was asked about the keys reasons behind what is now seen by many as service industry survival cuts.He conceded last week’s Petronas LNG announcement puts this province, and more specifically this area, in a stronger position than other oil patch areas of the country.“If that goes through, you’re going to see a real uptick in activity in B.C., as you get that terminal built,” he said.Advertisement “The rest of the country, there’s a few things that are really really curtailing. One of them is certainly commodity prices, and commodity prices have been incredibly volatile… that’s causing a lot of investors a bit of worry in terms of where things are going to be at.“Second, producers are having a hard time raising money right now. The capital markets are tight, and if you want to go and raise some money to drill some wells, we rely on outside capital to be able to drive our business. If we can’t raise that money easily and efficiently, it makes it really difficult to a run a business,” he said.It is argued by some that adding to those difficulties are last month’s government change in Alberta and the industries changes in drilling technology.Scholz is hesitant about putting much of the investment concern on the newly elected Alberta NDP government.Advertisementcenter_img “When you look at what sort of impact that’s going to have on a variable cost its not really that significant. But, when you’re able to drill a well, two, three, four days quicker, that is going to have a significant incremental cost savings.”The CAODC is predicting a year-over-year job loss of more than 25 thousand — a 50 per cent decline — and also a 47 per cent nation-wide drop in the number of wells drilled, to 5,531.That’s slightly better than the number forecast at the end of April by the Petroleum Services Association of Canada (PSAC), which predicted 5,320 wells drilled.However, the simple explanation for that is PSAC numbers don’t just deal with the number of wells drilled, but rather the number of wells drilled and completed.last_img read more

Napoli slap £40million price tag on Arsenal and Manchester United target

January 3, 2020

first_imgNapoli are willing to part with Arsenal and Manchester United target Gonzalo Higuain – if they pay the striker’s £40m asking price.The 27-year-old enjoyed another profitable season in front of goal, hitting the net 18 times in Serie A.That has sparked interest from Arsenal and Manchester United, who were linked with the Argentine before he joined Napoli from Real Madrid for £34.5m in 2013.Napoli are reportedly reluctant to let their star striker leave but, according to Sport Mediaset, they will consider selling if the price is right.The club’s president Aurelio De Laurentiis is said to have slapped a £40m price tag on Higuain and will not sell for anything less than that amount.Both Arsenal and Manchester United remain keen in the former Real Madrid man and bids are expected this summer. 1 Napoli’s Gonzalo Higuain last_img read more

Mulroy Woods Hotel win Lucinda’s star approval again!

December 29, 2019

first_imgMulroy Woods Hotel, Milford, are celebrating another great achievement after maintaining their place in Food and Hospitality Critic Lucinda O’Sullivan’s Little Black Book.The team are delighted to have received for the second year running the prestigious Lucinda O Sullivan Great Places to Stay & Eat. The placement is a testament to the first class service provided by the team at Mulroy Woods Hotel.As the last three years have passed the team at Mulroy Woods Hotel has grown and are proud of the service we deliver. Owners Patricia and Marty Kelly say “it is such an achievement to be awarded this prestigious award two years running, it really highlights the quality of food and service we offer here at Mulroy Woods hotel, our team have gone from strength to strength.“There is a feeling of pride and excitement among the team for what 2018 will bring, it’s fantastic to see. We offer amazing food served all day, or chefs take pride in our local offerings and delight in creating delicious cuisine with produce sourced from the local area. The refurbished rooms provide a comfortable and luxurious stay which entice our guests return time and again.”Mulroy Woods Hotel is gaining momentum and the accolades are following, “The Woods” is also currently shortlisted for two more awards in wedding Hotel of the year and Hotel Bar of the year. The buzz around the premises is electric with the newly resurfaced car park and exciting plans for the coming year.Owners Patricia and Marty Kelly have said: “We couldn’t be more proud by what Mulroy Woods Hotel has become, for its place in the community, for the couples who have chosen to have us take care of their wedding day and for providing award-winning service that entice so many of our guest to return”. Mulroy Woods Hotel win Lucinda’s star approval again! was last modified: April 11th, 2018 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:hospitalityhotellucinda o sullivanMulroy Woods Hoteltourismlast_img read more

House votes for Arctic drilling again; Senate likely to kill plan

December 27, 2019

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2Drilling in the Arctic has become a major point of contention in the debate over how to wean the nation from foreign oil and bring down gasoline prices. Backers of the drilling contend that the promise of 10.3 billion barrels of oil would lead to greater energy independence and job creation. Opponents say the risk of spills and other environmental damage outweighs benefits and delays the need to develop more alternative fuels. “A vote against energy production in ANWR is a vote for increasing our dependence on foreign oil and sending good American jobs overseas – two things we simply cannot do anymore,” said Rep. Richard W. Pombo of California, chairman of the House Resources Committee and the bill’s sponsor. But Rep. Alcee L. Hastings, D-Fla., said the bill represented “the triumph of politics over geology” and would not reduce the price of gasoline at the pump. Rep. John W. Olver, D-Mass., said: “It will be five years at best, and probably eight years, before the first barrel of oil flows” if drilling is allowed. WASHINGTON – With gasoline prices well above $3 a gallon as the Memorial Day weekend approaches, the House on Thursday again voted to approve drilling for oil and gas in the Arctic National Wildlife Refuge. It was at least the 12th time that the House had voted to allow energy exploration in a small piece of the preserve’s 19 million acres along Alaska’s northern coastal plain. The final tally was 225-201, with 27 Democrats joining the majority and 30 Republicans voting against. But given the Senate’s recent disposition toward Arctic drilling, the vote might be little more than symbolic. Since 1995, when Congress passed an Arctic drilling bill and President Clinton vetoed it, Senate proponents of drilling have failed to gather the 60 votes needed to end a filibuster against it. The outcome is expected to be no different this year. Energy Secretary Samuel W. Bodman applauded the House vote, but the administration was dealt a setback Wednesday night, when the House voted on financing for one of President George W. Bush’s signature energy initiatives, the Global Nuclear Energy Partnership. In providing $24.4 billion for the Energy Department – about $300 million more than the administration requested and $327 million above current spending – lawmakers gave Bush $120 million for the partnership, less than half the $250 million he had sought. Under the plan, the United States and Russia would provide reactor fuel to other countries and reclaim the spent fuel to assure that it would not be used for weapons.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Campbell stars as Costa Rica secure comfortable win over Northern Ireland

December 26, 2019

first_imgO’Neill again took the opportunity to look at some of his younger players and will hope the 10-day trip, which included a 0-0 draw with Panama, will be beneficial for the forthcoming Nations League campaign.Los Ticos, World Cup quarter-finalists four years ago, were always likely to represent a step up in class from Panama and that was epitomised by Keylor Navas’ appearance in their line-up eight days after winning a third successive Champions League with Real Madrid.Navas received a golden glove trophy prior to kick-off in San Jose and every touch he had was emphatically cheered, though he saw too little of the ball from a Northern Ireland perspective.Liam Boyce did have a chance to test Navas with an early attempt that he stabbed wide following a Josh Magennis flick-on.At the other end, Johan Venegas and Campbell were causing the Northern Irish defence problems and the two combined for the latter to smash a first-time try harmlessly wide.O’Neill’s side were being tested by a series of crosses and they were served a warning of Los Ticos’ set-piece threat when birthday boy Oscar Duarte headed wide from a corner.Northern Ireland normally practice set-pieces on the morning of an evening game, but an 11am kick-off meant that was not possible, and, after a 27th-minute drinks break, it was via a dead-ball situation that they fell behind.Campbell’s near-post corner sucked in four Northern Ireland defenders to Giancarlo Gonzalez and his flick-on was reached by an unmarked Venegas, who only had to help the ball home from virtually on the line.The forward threatened again straight after and it needed a smart save from Trevor Carson to deny him a second.Stuart Dallas drilled a low shot at Navas as Northern Ireland attempted to hit back, and that was the Real keeper’s final meaningful act before he came off to more rapturous applause in the 34th minute.Campbell, whose Arsenal career has been littered with loan spells away from the Emirates, then nearly beat Carson with a curling effort that he just failed to bend inside the post.The 25-year-old has just completed his sixth loan away from the Gunners and with a couple of loose touches showed why perhaps he was not in Arsene Wenger’s plans.However, less than a minute into the second half, he found the net by sweeping home a first-time finish past Carson after Venegas had left Daniel Colindres’ pass for him.Carson might have been disappointed with that, but Northern Ireland were indebted to him moments later when another Campbell try was parried away.Yet a third Costa Rican goal would arrive with 22 minutes to go as another near-post corner from Campbell was headed home by substitute Francisco Calvo.O’Neill used the second half to bring on some substitutes who did not feature in Panama, including Conor McLaughlin, Luke McCullough and debutant goalkeeper Conor Hazard.And Hazard was able to keep a clean sheet for the 16 minutes he was on pitch, with Campbell volleying wide late on. Northern Ireland finished their end-of-season Central American tour with a 3-0 loss to World Cup-bound Costa Rica in a game where Arsenal’s Joel Campbell shone.Only Germany and Croatia had previously beaten Michael O’Neill’s men by more than one goal since November 2014, but Los Ticos scored twice from Campbell’s corners, with the striker registering himself in-between, ahead of their friendly with England on Thursday. 1last_img read more

‘Whoville’ raid marks Christmas for U.S. troops

December 25, 2019

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORERose Parade grand marshal Rita Moreno talks New Year’s Day outfit and ‘West Side Story’ remake Soldiers from the 101st Airborne Division’s 3rd Brigade knew they weren’t going to be welcome when they arrived in the dead of night. It just made sense to nickname the target after the village raided by Seuss’ Grinch on Christmas morning, they said. “It was appropriate. I did feel like the Grinch,” said Pfc. John Parkes, 31, of Cortland, N.Y., a medic in one of several groups called “quick reaction teams” that respond to roadside explosions. The raiders broke down doors, confiscated illegal machine guns, plastic bags of ammunition and gun clips. Iraqi law allows households to own AK-47s, but with limitations. For many soldiers in the 101st, it was their second Christmas in Iraq since the U.S.-led invasion in March 2003. The brigade, known as “Rakkasans,” also raided a village on Thanksgiving morning this year. For many soldiers, the holidays are more of a benchmark for their time in Iraq than a special day. BEIJI, Iraq – U.S. Army soldiers carried out raids in dusty Iraqi towns. Military doctors treated soldiers wounded by roadside bombs. Christmas in Iraq was just another day on the front lines for the U.S. military. Troops woke long before sunrise on a cold, rainy Christmas morning to raid an upscale neighborhood a few miles from their base. In honor of the day, they dubbed the target “Whoville,” after the town in the Dr. Seuss book “How the Grinch Stole Christmas.” Commanders said they ordered the operation because they did not know the identities of the neighborhood’s residents and several roadside bombs had recently been planted near the district, which isn’t far from Forward Operating Base Summerall in Beiji, 155 miles north of Baghdad, U.S. patrols had never before ventured into the neighborhood, where the streets are lined with spacious homes. “Believe it or not, I didn’t realize it was Christmas until last night,” said 1st Sgt. Andre Johnson, 38, of Baton Rouge, La. “It’s just another day, man.” Another day on patrol. Another day walking the streets while the cold wind cut through their uniforms and a chilling drizzle coated their faces. The neighborhood’s residents stayed inside, peeking through windows at the passing soldiers. Sgt. Jared Jones, 21, of Lafayette, Ind., said Christmas away from home can be emotional for some, but he buries himself in his job. “The mission comes first,” he said, pulling heavily on a cigarette after returning to the base. “I was out here 15 months the last time I was in Iraq. Holidays don’t matter much to me.” Maj. Alex Lee sees Iraq from a different perspective serving in Balad, a town 50 miles north of Baghdad. He is a doctor at the largest U.S. military hospital in Iraq, and his early Christmas shift began quickly: Four American soldiers were flown in by helicopter suffering from burns caused by a roadside bombing near the insurgent stronghold of Ramadi. One soldier arrived with burns on his back. His exposed legs trembled from the cold and he unconsciously tore off an air tube placed down his throat. A sweating medic knelt beside him and told the doctors about his condition. “This is the most medically rewarding thing I’ll ever do,” Lee, of Bakersfield, said as he stood in the emergency room, its floor speckled with blood. “This is why we joined up.” “Honestly, it doesn’t feel like a holiday,” he added. “But for the guys that are conscious, we try to say ‘Merry Christmas’ to them. But it is hard to keep holiday spirits up.”160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Smith can beat Groves, says DeGale

December 21, 2019

first_imgJames DeGale believes arch rival George Groves could come unstuck against Paul Smith.Liverpudlian Smith will challenge the unbeaten Groves for his British and Commonwealth super-middleweight titles on 5 November.It will be Groves’ first fight since his split-decision victory over fellow West Londoner DeGale, who last year dethroned Smith as British champion by stopping him in the ninth round.That one-sided defeat to the Harlesden man is one of the reasons Smith will be the underdog when we takes on Groves at Wembley Arena.But DeGale told West London Sport: “That fight aint a forgone conclusion, please believe me. Paul Smith is a seasoned professional who’s been there and done it.Groves took DeGale’s British title when they met in May“When Groves fought me he knew that if he mixed it he’d get knocked out. If he mixes it with Smith and gets hit on his chin he’ll be gone – everyone knows about Groves’ chin.“You have to go on form and past results and say that Groves is the favourite. But if Smith connects cleanly on him, he’ll get knocked out.”DeGale, 25, will get his first outing since the Groves loss when he faces European champion Piotr Wilczewski at the Liverpool Echo Arena on 15 October.A win against the Pole, who has lost only one of his 30 fights, would put DeGale in the frame for a world title shot or a rematch with Groves.“I want to get that European title and then move on and get a world title as soon as I can – I’m raring to go,” DeGale added.“Groves says he wants to move on to bigger and better things, yet he’s fighting a guy I stopped in nine rounds.”www.twitter.com/davidmcintyre76www.twitter.com/westlondonsportlast_img read more

Toyota SA in R363m parts investment

December 18, 2019

first_img18 January 2011Toyota South Africa has announced a R363-million investment in a new parts distribution warehouse – the biggest of its kind on the continent – to serve the car manufacturer’s local and regional markets.The warehouse, to be located near Johannesburg’s OR Tambo International Airport, will employ over 800 people. It is being developed in two phases, with the first set to open in May 2012.The completion of the second phase of the warehouse, scheduled for completion by 2015, will take the total area of the facility to 80 000 square metres.Commitment to South AfricaThe first round of daily deliveries will go to the over 220 Toyota, Lexus and Hino dealerships in southern Africa. The warehouse is expected to generate a R3-billion turnover and will house an excess of 2.2-million parts.“The development of a distribution warehouse of this size and scale is one of the clearest signs that we are committed to South Africa and intent on remaining South Africa’s most popular vehicle manufacturer,” Toyota South Africa Motors CEO Johan van Zyl said in Pretoria this week.The development follows a five-year, R8-billion investment in Toyota’s manufacturing facilities in Durban.“In making this a reality, we believe that the government, through the actions of the Department of Trade and Industry and the Automotive Production and Development Programme, has created a stable and predictable environment in which we as manufacturers can make investments such as the one that we are announcing today,” Van Zyl said.Source: BuaNewslast_img read more