22 C
Georgetown
Thursday, February 25, 2021

Guyana to employ best, brightest worldwide for new Energy Dept.

Must Read

Fifty-seven days later: Bulletwood-1 drill campaign wrapping up

The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where...

Saipem gets award for tool that can estimate CO2 in its offshore projects

Italian multinational oilfield services company Saipem has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme,...

Stena DrillMAX to target Turbot/Longtail appraisal operation, new campaign at Whiptail-1

The 6th Generation Harsh Environment dual activity dynamically positioned (DP3) drillship, Stena DrillMAX, is now in Guyana waters and...
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.

Guyanese President David Granger says his administration has identified a roadmap towards the creation of a Department of Energy (DoE) under the South American country’s Georgetown based Ministry of the Presidency (MotP).

He gave the brief update on Wednesday, speaking to reporters gathered at State House for an accreditation ceremony, saying “we have a roadmap.”

According to the Head-of-State, “we have to identify personnel, we have to identify buildings and we have to start advertising to attract the quality personnel that can lead this important Department into the future…So we are being very careful.”

He said, “I’m very confident that by the first of May there will be some further announcement but right now the preparatory work is being done.”

The Guyanese President in acknowledging “It is going to be a challenge” said “this is an international industry; we’re aiming at a world class industry so we have to get the best persons.”

Mr. Granger told reporters, “…as you know, Guyana has no experience in the field…and we have a very small petroleum unit which is now in the Ministry of Natural Resources.”

As such, “we obviously have to attract the best people from around the world…So we are not attempting to avoid that responsibility,” he stated

Once established, President Granger will assume direct Executive oversight of the Department of Energy, with Minister of State, Joseph Harmon, assuming the National Assembly portfolio.

The quintet of Ministers tasked with collaborative ministerial oversight over the industry comprises Ministers of Finance Winston Jordan, State, Public Infrastructure, David Patterson, Business, Dominic Gaskin and Natural Resources, Raphael Trotman. They are tasked with finalizing the details of the Department’s establishment.

This includes organizational structure, accompanying legislation to be introduced for the sector, negotiations with potential investors, exploration and production licenses, public communications responsibilities, the engagement of technical experts and capacity building measures among other responsibilities.

Latest News

Fifty-seven days later: Bulletwood-1 drill campaign wrapping up

The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where...

Stena DrillMAX to target Turbot/Longtail appraisal operation, new campaign at Whiptail-1

The 6th Generation Harsh Environment dual activity dynamically positioned (DP3) drillship, Stena DrillMAX, is now in Guyana waters and will begin operations with a...

Exxon’s reserves hit lowest point since merger with Mobil in 1999

(Reuters) - Exxon Mobil Corp’s global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic slammed global oil prices...

Saipem gets award for tool that can estimate CO2 in its offshore projects

Italian multinational oilfield services company Saipem has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme, for an innovative CO2 estimation...

Government working with Exxon to ensure early solution to gas compressor issue – Bharrat

The Guyana government is working with ExxonMobil to ensure that the faulty third stage gas compressor now under repairs in Germany, is fixed as...

More Articles Like This