12 Jan

Key pieces of legislation for oil and gas need to be reviewed – Minister…

first_imgWhile the country continues to pay keen attention to preparations for first oil in 2020, there are still some integral pieces of legislation that need to be reviewed and implemented to ensure that Guyana is ready for the oil boom.Natural Resources Minister Raphael TrotmanThis is according to Natural Resources Minister Raphael Trotman, who told the media on Thursday that there were two sets of legislation that have to be reviewed in order to prepare for the emerging oil and gas sector.The first is the Exploration and Production Act of 1986. A review of this Act was first announced last year by Head of the Department of Energy, Dr Mark Bynoe.“For the most part, the Exploration and Production Act has been reviewed. I know there are pending amendments to be confirmed and regulations for petroleum have also been reviewed by the Commonwealth Secretariat and its legal team. Those are with the Department of Energy,” Dr Bynoe noted.The Petroleum Act, among its many stipulations, speaks to licensing, cancellation of blocks, and to the conditions subject to which licences are granted.Furthermore, regulations for the Environmental Protection Agency (EPA) and labour standards have also been completed and are also now with the Department of Energy.“That is something that I can say we had done before I handed over. So yes, legislation needs to be updated, but legislation as you would appreciate is something that has to constantly evolve. So even when you start production, you would see some loopholes or some situations that need to be addressed and these will have to be addressed,” Minister Trotman explained.He emphasised that although the Commonwealth Secretariat completed the redrafting of these pieces of legislation over a year ago, they may need to be updated.Guyana is now home to the world’s biggest new deep-water oil discovery. US oil giant ExxonMobil has been keen to push development of the oil reserves. Production could begin in 2020 with the production of some 500,000 barrels of oil a day.With more and more companies pushing to invest in the country’s burgeoning oil and gas sector, the Government is also moving to review its production sharing agreement.The Department of Energy has already developed a new template for the contracts, in light of the heavy criticisms it faced over the agreement it signed with principal explorer ExxonMobil.last_img read more

18 Nov

India thrash Kazakhstan to enter women’s Asia Cup hockey semi-final

first_imgIndia stormed into the women’s Asia Cup semi-final here on Thursday, thrashing Kazakhstan 7-1 in the quarter-final at the Kakamigahara Kawasaki Stadium.Dragflicker Gurjit Kaur was in sublime form as she pumped three goals while Navneet Kaur scored twice and Deep Grace converted two penalty corners to ensure India remained unbeaten in the tournament.After an early setback when Vera Domashneva scored a field goal in the second minute of the match to give Kazakhstan 1-0 lead, India made amends when a tactical manoeuvre in the circle won them a penalty corner in the fourth minute.In-form dragflicker Gurjit Kaur hardly broke a sweat to fiercely strike the ball past Kazakhstan goalkeeper Guzal Bakhavaddin to equalise.India were off to a steady start, patiently negotiating their way into the 25-yard mark not making hasty forays but waiting for the right opportunity.The Ritu Rani-led forward line was smart in their attacks. The Indians won penalty corners to put their opponents under pressure.The plan worked as a penalty corner won in the 16th minute was brilliantly converted through Deep Grace’s well-struck dragflick to give India a 2-1 lead.The following minutes saw Navneet Kaur score back-to-back field goals in the 22nd and 27th minutes to take India’s lead to a comfortable 4-1 at the end of second quarter.The 10-minute halftime break saw the team come back stronger on the pitch. They began the third quarter by winning a penalty corner but this time it was well saved by the Kazakhstan goalkeeper.advertisementHowever, another penalty corner awarded in the 41st minute was beautifully converted by Deep Grace (5-1). Gurjit was splendid in her dragflick to convert her second goal through a penalty corner in the next minute to ensure India were on the right path to win.The 22-year-old Gurjit struck yet through another penalty corner in the 56th minute to register her hat-trick and help India triumph 7-1.last_img read more