22 C
Georgetown
Sunday, February 28, 2021

Ghana to help Guyana build its O&G capacity

Must Read

Experts set to discuss Guyana’s gas to power project in OilNOW TV Sunday premiere

A panel discussion on Guyana’s planned gas to power project will premiere on OilNOW TV this evening as part...

Is the world heading for a shortfall in global oil supply?

By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil...

Suriname lines up new shore base port

(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

The Republic of Ghana has expressed an interest in helping Guyana build its oil and gas capacity. This was among highlights of a bilateral agreement, which was signed between Guyana’s President David Granger and Ghanaian’s President Nana Akufo Addo.

President Akufo-Addo is on a one day state visit to Guyana and is set to depart on Wednesday morning.

Speaking shortly after the signing of the agreement at State House, Carmichael Street, Georgetown on Tuesday, Director General of the Ministry of the Presidency, Joseph Harmon, said the Ghanaian President has committed to providing Guyana with the experts to help the country’s capacity.

He said, “This is very important to us because what they did was to commit to pay their salaries and transportation (airfare) to get the people here and all we will need to do is find accommodation for them. So, this is a very clear commitment from the Ghanaians to develop our oil and gas sector.”

He added that,  “We are talking about capacity of the Department of Energy. Ultimately the President has spoken about the Ministry of Energy and so this is going to require an expanded level of talent and so these are things we are looking at.”

Given Ghana’s experience in the oil and gas sector, President Akufo -Addo urged that strategic relations are formed to ensure the effective management of Guyana’s emerging sector.

He underscored that, “We should explore promptly the possibility of establishing a joint vehicle to assist in the effective management of oil and gas. With our experiences, I believe Ghana is well-equipped to share the do’s and don’ts and make available free quality technical assistance to you.”

The West African Leader was also conferred with the Order of Excellence, Guyana’s highest national award, by President David Granger at an event at State House on Tuesday.

Ghana has been producing oil commercially since 2010, propelling it to become one of Africa’s fastest growing economies.

Latest News

Experts set to discuss Guyana’s gas to power project in OilNOW TV Sunday premiere

A panel discussion on Guyana’s planned gas to power project will premiere on OilNOW TV this evening as part...

Is the world heading for a shortfall in global oil supply?

By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil supply as soon as next...

Suriname lines up new shore base port

(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms of discovered oil and gas...

Proposal to have 111 categories of service with high local content targets unrealistic – AMI Co-Director

If Brazil with a population of over 200 million people found it difficult to achieve high or progressive local content targets for 90 categories...

Will oil companies start spending again? Cash generation could hit record levels in 2021

By Simon Flowers - Chairman, Chief Analyst and author of The Edge at Wood Mackenzie This could be the year oil and gas roars back. Tom...

More Articles Like This