By Jarryl BryanAfter much advice and urging from oil and gas experts, Government has confirmed its intention to set up a national oil company of its own in the near future to act in accordance with the burgeoning sector.This was confirmed by Natural Resources Minister Raphael Trotman on Friday in the National Assembly. The Minister was at the time making an appearance before the Natural Resources Committee.Natural Resources Minister Raphael Trotman (centre) is flanked by his junior Minister Simona Broomes and a staffer of the Ministry, during the meeting with the Natural Resources CommitteeAccording to Trotman, the company will be one Guyanese may be able to buy shares in, through the issuance of shares. This will enable them to benefit directly from the oil and gas sector. Trotman also indicated that those with the means may even be able to bid and have part of a concession.“The idea is that the company will be able to issue shares as Banks DIH, etc so ordinary Guyanese can access and those who have the means to go beyond would be able to bid and have a part of a concession,” Trotman explained.Countries getting into the business of oil and gas are nothing new, experts recommended. In neighbouring Brazil, Petrobras is a well-known example of a State-owned oil company.Venezuela also has its own State-owned oil company, Petroleos de Venezuela (PDVSA). There is also the Petroleum Company of Trinidad and Tobago Limited (PETROTRIN). These companies usually have billions of dollars in assets and have been known to operate like a bank, lending monies to other states.The Finance Ministry’s recent Public Debt Annual Report had showed that since 2015, there has been a 4.1 per cent rise in Guyana’s indebtedness to International lenders. A breakdown of the figures shows that total external debt amounted to $240 billion, a 72.6 per cent bite out of the total public debt. On the other hand, domestic debt stood at $90.6 billion, or 27.4 per cent of the total.The report notes that Guyana’s four main external creditors are the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the State-owned Export-Import Bank of China (China EXIM Bank) and lastly, the Venezuela State-owned oil company (PDVSA).Following his bout with the Committee, Trotman was asked what structure this prospective oil company would take. He noted that in addition to the different models, Government has been the recipient of differing advice.“We’ve received advice saying yes, some no, but I believe we are going to get an oil company. There are different models. I’m not in a position to determine now how exactly it will be (structured),” Trotman said.According to reports, Chatham House, the Royal Institute of International Affairs, is lending support to the Government in this area. The entity is known for providing advice to emerging economies and has already given the Government of Guyana much advice on local content.
…as new marketing tarmac completedFollowing the completion of a new marketing tarmac at Annandale, East Coast Demerara (ECD), vendors from the Lusignan marketplace and surrounding areas were on Wednesday invited to participate in a lottery for market spots at the new location. However, this paved the way for a new situation.Some of the vendors at the lottery on WednesdayVendors who showed up at the Lusignan Community Centre Ground (LCCG) on Wednesday morning expressed reluctance to participate in the lottery after being informed that they would not be allocated spots in the front section of the tarmac.This new issue was disclosed by Chairman of the Mon Repos/La Reconnaissance Neighbourhood Democratic Council (NDC), Ayube Mohammed during an interview on Wednesday with this publication. Only recently, the Chairman had made it public that vendors should comply with the respective authority, so as to make the relocation a much easier process.Nevertheless, the Chairman has once again explained that these vendors are making matters worse for themselves by refusing to accept a vending spot early, “They refused to push their hands in the bag, but then some of them came back and they did draw the lot…because most of the spots are gone already” he stated.Mohammed further explained that the new issue arrived since most of the merchants are in favour of the front section. However, according to him, the newly completed tarmac is sectioned to facilitate various vendors. He clarified that the specific area will house the clothing vendors.“We were doing the lottery for spots at the Mon Repos tarmac, but there were some controversy this morning because everybody fighting for the front part. We have sectioned the tarmac but some of them wants to sell where the clothing vendor would be” Mohammed related.Workers complete marking off spots at the new tarmacIn addition to this revelation, some vendors who ply their trade at the Lusignan market are contending that they were not informed of the lottery that was held. Shaheed Ahmad, one of the merchants, told Guyana times that he along with others were never informed of this activity.“Up to last we sell at Lusignan…and we were not informed by no one that today was the lottery. I am very much disappointed for not being informed about this situation” Ahmad said.Further expressing concerns over the new location, the worried vendor reiterated how unsafe the location is while adding that there is limited space for any business to be done as well as their vulnerability to significant losses.“When you speak about that tarmac, it is in chaos. I agree that many people would want to sell in the front because that is the only safe part, it is very much dangerous. People will be robbed, they will not have places to park their vehicles and people would not take the chance to come in there and purchase from you wholesale…there are people around the tarmac area that advise the vendors to very much be careful in that area”, a concerned Ahmad stated. read more
*Liberal Candidate Lindsay Gidney will attend tonight’s forum*Tonight is federal election forum night in Fort St. John, as the candidates running in the Prince George/Peace River Constitutency, have been invited to participate in an all candidates forum at the Lido Theatre. As of last report all had confirmed their attendance, with Liberal Candidate Lindsay Gidney confirming his attendance just hours before the event. Sponsored by the Local Chamber of Commerce, the two-hour forum is set to begin at seven o’clock and, will be broadcast live on Moose FM. It will also be available after the broadcast, as a podcast on Energeticcity.ca. Meantime there’s still time to submit advance questions, for the candidates by email: to email@example.com.- Advertisement –
Stephen Ferris won the Blizzard Bike Club’s Thursday night Cyclo-cross race at the North Peace High School. Ferris completed the five lap race in 30:29. Placing second was Gord Harris in 37:22. Roger St. Jean was third, in 37:49. Other results: – Advertisement -Barb Polehoykie 39:01 Sam Keats 41:29 Rob Churchill in 43:04 Advertisement Ken Nix in 45:43. George Gamble did 4 laps in 31:18. The next road race is the ‘Race of the Fallen Leaves’ this Sunday. Start time 10:00 am at the Montney store.
GRANDE PRAIRIE, A.B. – This weekend, July 12 to the 14, Grande Prairie RCMP Traffic Unit, along with Integrated Traffic Unit, and Enforcement Services, are conducting an enforcement initiative to target impaired driving.According to RCMP, Mobile Breath Test Unit will be at checkstop locations throughout Grande Prairie.Police say this unit provides RCMP with breath testing equipment tools on site to assist RCMP with impaired driving investigations.- Advertisement -If you are planning to drink alcohol or use drugs, RCMP would like to remind drivers not to drive and that they should find an alternative way of arriving home alive.If you happen to witness impaired driving you are being asked, if safe to do so, to call the RCMP or local authorities.
Gary Medel in action for Cardiff Inter Milan are still negotiating with Cardiff over a fee for Gary Medel but a deal is edging closer, according to reports in Italy.The Chilean impressed during the World Cup and is thought to be Inter’s prime target this summer.But while Cardiff want almost £7m to be paid up front for a player they signed from Sevilla last summer, Inter want to pay less and do the deal in installments.Sky Sport Italia report that Inter want to pay less than £1m in the first payment, with two further installments bringing the total deal to £6m.And it is thought the impasse should be resolved by the weekend, with Medel expected to seal his move from the Championship to the San Siro. 1
Wigan has suffered the loss of one of their shirt sponsors, just 24 hours after the controversial appointment of Malky Mackay as the club’s new manager.Lancashire kitchen appliance company Premier Range had a logo appearing on the back of the Latics’ shirt, but have claimed the recruitment of the former Cardiff manager has left them with no choice but to withdraw their sponsorship.Premier Range, whose sponsorship with the club started during the summer, said: “Unfortunately, their [Wigan] recent appointment of Malky Mackay has put us in a position that we find untenable.“Mr Mackay is currently under investigation by the FA for sending text messages that are at odds with the general ethos here at Premier Range – and, it would seem, Cardiff and QPR feel the same as us.“The texts Mr Mackay has admitted to sending are wholly unacceptable – and the thoughts expressed within them are a shocking reminder of a past we thought football had left behind.“A team that would employ a man who expresses views such these is not the kind of team Premier Range wish to deal with.”However, Wigan chairman Dave Whelan earlier defended the appointment on Alan Brazil’s Sports Breakfast, saying: “I think they [the media] are making a mountain out of a molehill.” Malky Mackay in charge at Cardiff 1 read more
1 The future looks bright for Chelsea and Liverpool if last night is anything to go by.The Blues’ youth teams have excelled this sesaon, winning the Under-19 UEFA Youth League last month with victory over Shakhtar Donetsk.One of the stars of that team is Kasey Palmer, with the playmaker building a reputation for stunning goals – something illustrated emphatically by his screamer against Southampton for the Under-21s last night.Here is the 18-year-old’s stunner in Chelsea’s 2-0 win at St Marys:Elsewhere, Liverpool starlet Ryan Kent produced not once, but twice during the Reds’ 3-1 victory in the ‘mini’ derby over Everton at Goodison Park.Below is his opening goal:And here is his second:With both players scoring beauties, will either have done enough to catch the eyes of Jose Mourinho or Brendan Rodgers with the season nearing its finale? Kasey Palmer
1 Liverpool striker Daniel Sturridge has revealed recent surgery on his season-ending hip injury has been a success.The England international has endured a frustrating, injury-hit campaign, which was effectively over once the club decided to fly him to the United States for further investigation into his ongoing injury issues.However, after undergoing surgery in New York, the 25-year-old Red will now begin a programme of recovery and rehabilitation.“Just want to let the world know I’ve had a successful operation on my hip today and I want to thank God for allowing that to be possible,” Sturridge wrote on Instagram.“Onwards and upwards from here. Thanks for the support.”He added on Twitter: “Today was a big day for me…Thank you Jesus. Hip operation was successful. Road to recovery starts today!”It is the second time this season Sturridge, who has made just 12 starts and six substitute appearances for Liverpool this term, scoring only five goals, has travelled to the States in an attempt to solve his ongoing fitness issues.Towards the end of a five-month absence with a thigh problem sustained on international duty in early September, which was followed by a calf strain, he was dispatched across the Atlantic where he spent ten days in Los Angeles as part of his rehabilitation.He then flew back to the east coast to work with the medical staff at baseball side Boston Red Sox, the other major sporting venture of Liverpool’s owners Fenway Sports Group.After spending some time there he then travelled to the west coast to continue his rehabilitation in California, eventually returning to England where he made his comeback as a substitute in the 2-0 win at West Ham on January 31.However, injury problems returned – this time associated with his hip – and he has not featured for a month since playing 85 minutes of the FA Cup quarter-final replay at Blackburn.Last week manager Brendan Rodgers said they believed they had made a breakthrough in the diagnosis of Sturridge’s injuries – which the player has previously suggested may be hereditary – which was why they were sending him away.“I think we have found some underlying issues that maybe relate to Daniel’s issues and problems this season and the ongoing problems he’s had so the medical team here, liaising with some of the medics in America, are doing everything we possibly can to give Daniel every opportunity to stay consistently fit and available,” the Reds boss said on Friday.“It is just unfortunate for him. If you look at his career he’s had little issues along the way but when we brought him here we knew we wanted to give him every chance to be one to the top goalscorers in Europe.“We have to do everything we can to get him on the training field and into the game, hence the reason for looking into the issue.” Liverpool striker Daniel Sturridge read more
We are delighted to announce that SN Cholmcille, Baile na Finne and Craigtown School, Carndonagh have joined our Schools 1for1@1 Challenge for Relay for Life Donegal.Tomorrow marks the beginning of the final week of the challenge, and although we have 43 fantastic schools on board – we would love to reach the magical figure of 50!Seven more will do, thank you! The 1FOR1@1 challenge involves carrying out an activity on a chosen day at 1pm – when completed, children are asked for donate €1 – hence the name 1FOR1@1, in aid of cancer research.41 schools across the county have already signed up – so far, we’ve seen a Teachers v Students Football match at Crana College, Dancing from St Safan’s and 1km Walks at Illistrin NS, and many many more. What one thing can you do? Donegal Daily have teamed up with Relay for Life to raise vital funds for cancer survivors, with an extensive research programme currently underway at Letterkenny University Hospital.As cancer does affect all families we are asking all schools to consider taking part as every euro will go a long way.If you would be interested in getting your school involved by next Friday (19th May), you can register by emailing firstname.lastname@example.orgEvery School Counts: Will you join this list?Scoíl Phádraig Dobhair, An BhunbeagLoreto Secondary School, LetterkennyScoíl Olibhéir Pluincéid, Rann Na FeirsteGaelscoil Adhamhnáin, Leitir CeanainnScoíl Mhuire , Doirí BeagaSt. Saffons NS, CastlefinnScoíl Chonaill, An Bun BeagScoil Naomh Fiachra, Illistrin, LetterkennyScoíl Naomh Dubhthach, Machaire Uí RabhartaighSt. Bernadettes School, LetterkennyLetterkenny Educate TogetherScoíl Naomh Diúgh , AnagaireNaomh Colmcille NS, Drumoghill, ManorcunninghamPobal Scoil, Ghaoth DobhairSt. Baithin NS, St. JohnstonScoíl Adhamhnáin, An LuinnighLoreto Community School, MilfordScoíl Náisiúnta, Mhín an ChladaighMulroy College, MilfordScoíl Náisiunta, Gort an ChoirceScoíl Fhíonáin, An FalcarrachPobail Scoíl Chloích Cheann FhaolaScoíl Chnoic na Naomh, Doire ChonaireScoíl Eoín Pól, Loch an UirRoyal and Prior School, RaphoeScoil Roisin, An Clochan LiathSN Taobhóige, An ClochánColáiste Phobail Cholmcille, Baile Ur Oileán ThoraíScoil Naomh Cholmcille, Oilean ThoraíScoíl na Léibe , Leabgarrod, Arranmore IslandScoíl Cholmcille, Arranmore IslandRaphoe Central National SchoolScoil Mhuire, Dristernan, Gleneely, InishowenDungloe National SchoolCrana College, BuncranaScoil Cholmcille, Cloughfin N.S, Ballindrait.Woodlands National School, LetterkennyConvoy Joint N.S.Scoil Cholmcille, Drumman, RameltonScoil Mhuire, StranorlarRay National School, ManorcunninghamSN Cholmcille, Baile na FinneCraigtown School, CarndonaghDonegal DailyThe team at Donegal Daily have joined forces with the Relay for Life Donegal committee to promote the Schools Challenge for this most worthy of causes.We are asking schools to do a one minute video of your challenge and send it to email@example.com.As you can appreciate, it would be impossible for us to show all videos sent in but we will put up a selection of them over the next two weeks. If you can also send a photo of the students taking part in their challenge to the same address we will put that photograph up for viewing.Remember that on the weekend of Relay for Life Donegal 27th/28th May at Letterkenny LYIT, all of the videos sent in will be shown on the ‘Big Screen’. So keep in touch with Donegal Daily and with the Relay for Life Donegal facebook page during the challenge! 1for1@1 Challenge for Relay for Life: Can your school help us reach our goal? was last modified: May 14th, 2017 by Elaine McCalligShare 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:1for1@1 challengecharityfundraisingRelay for Lifeschools read more