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Govt failed to properly prepare for first oil – Opposition Leader

first_img5 years laterWith Guyana now being an oil-producing nation, Opposition Leader Bharrat Jagdeo has criticised the incumbent coalition Administration for failing to adequately prepare for first oil almost five years after petroleum was first discovered offshore.US oil giant, ExxonMobil first discovered oil in the Stabroek Block offshore Guyana in May 2015 and has since made a total of 15 discoveries – the most recent was announced earlier this week.Opposition Leader Bharrat JagdeoThe company commenced oil production on December 20 in the Liza field, which has the capacity to produce 120,000 barrels of oil per day. But according to Jagdeo, while the first batch of crude is expected within the first quarter of 2020, most of the mechanisms are not in place to streamline the sector.“What most Guyanese are concerned about is that they’ve had almost five years from the discovery of oil to the production of first oil to put in place the arrangements to properly manage the sector and until now, they have failed in that regard. They’ve failed miserably in that regard,” he stated at his weekly press conference on Friday.According to the Opposition Leader, among the areas in the sector that the governing coalition failed at is contract renegotiations because it did not look out for the best interest of the country.He noted too that the Government failed to establish a credible Sovereign Wealth Fund (SWF) despite technical assistance from various international bodies. The Natural Resources Fund Act was passed in January of this year but the People’s Progressive Party (PPP) Opposition has promised to repeal this if it gets into office, saying that it is illegal since it was passed after the December 2018 No-Confidence Motion against the Government.Another area he mentioned was the controversial US$18 million signing bonus that the coalition secretly collected and stashed away in a private account instead of the Consolidated Fund.“They asked for US$18 million and somebody said it is because that is what it will cost to take care of the legal fees for the Venezuela border issue before the World Court. That’s not how you negotiation, you ask for the maximum sum. They failed to give a creditable explanation on that issue. They failed until today to explain why they kept the money outside the Consolidated Fund for three years. They failed to explain until now how much money was drawn down and so we don’t know what is the total money that was paid over, after the court case filed by the PPP, to the Consolidated Fund earlier this year…,” he stated.Other issues Jagdeo went on to outline that Government failed at putting in place included putting together a regulatory body. He noted that instead of an independent Petroleum Commission to regulate the sector and ensure that oil companies fulfil their contractual obligations, a Department of Energy under the Ministry of the Presidency is overseeing the sector with a sleuth of foreign consultants – many of whom have a link to the petroleum industry.Jagdeo further pointed out that the coalition also failed in establishing a Local Content Policy.“Until now we don’t have a Local Content Policy to protect Guyanese, to give jobs to Guyanese… That we don’t get paid 72,000 Guyana dollars gross when the foreigners in the same sector, doing the same thing gets 2000 US dollars. They’ve failed on that too,” he contended.This failure, the Opposition Leader added, continues, since only recently, the governing coalition moved to strike a deal to sell Guyana’s share of first oil, which is expected sometime in the first half of 2020.“We haven’t got this oil as yet – the three million barrels. It may be available till after March – after the elections. But they also tied up [a deal] through an arrangement that they claimed had the blessings of the World Bank… It makes me really upset that we pander so much. You know once we mention the World Bank name, suddenly that is imprimatur to do anything including breaching our procurement laws,” Jagdeo asserted.Earlier this week, Government revealed that it has closed a deal with the Barbados-based branch of Shell International to sell Guyana’s first three oil lifts.However, no details were given as to the price agreed upon between Government and Shell, which was one of the nine international oil companies that were invited to bid for Guyana’s crude.The Department of Energy had reported that Guyana is entitled to its first crude lift in February and Shell’s three-cargo agreement should end mid-2020.But the Opposition Leader had warned last week that if any deal is made to sell Guyana’s oil, not only will that contract be scrapped if the PPP wins next year’s March 2 elections but the company will also be barred from participating in future tendering processes.In addition, Auditor General Deodat Sharma had said in sections of the media that his department would look into the transaction.last_img read more

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Can Tammy Abraham make the leap in 2019/20

first_imgThe 2018/19 season wasn’t exactly a smooth one for Chelsea. From questions over the manager’s playing style, to Kepa’s very public show of insubordination, to the constant speculation over Hazard’s future, there was more than enough drama to go around at the club. Through all of that, though, they still enjoyed a successful season, winning the Europa League, reaching the League Cup final, and finishing ahead of an excellent Spurs team to claim third in the Premier League. Unfortunately for Chelsea, however, they now face an extremely challenging summer. Chelsea’s Situation Heading into 2019/20Chelsea’s final game of 2018/19 – the Europa League victory over Arsenal – took place on 29th May. Within a couple of weeks they had already lost their manager to Juventus, and their best player to Real Madrid. Transfer rumours continue to swirl around the likes of Willian, and there are huge question marks over returning loanees such as Tiémoué Bakayoko. This still might all be manageable… if it weren’t for the transfer ban. In February 2019 FIFA accused Chelsea of improper transfers for under 18’s in 29 different cases, punishing them with a hefty fine and – more importantly – a two-window transfer ban. Chelsea have already tried and failed to appeal or delay the ban, and are now appealing directly to the Court of Arbitration for Sport. In case that appeal doesn’t work, they’ll be unable to sign new players until summer 2020. How Chelsea Can RespondFor many clubs, particularly those in the hyper-competitive Premier League, this transfer ban might have seemed disastrous. Chelsea, however, have spent years amassing strength in depth. Their ‘loan army’ strategy might draw ire from fans online, but in the past couple of years alone it has allowed promising youngsters like Mason Mount, Ruben Loftus-Cheek and Tammy Abraham to develop rapidly, and even break into the England ranks. If the transfer ban holds up, Chelsea will have no choice but to look internally for reinforcements, with previously-signed winger Christian Pulisic the only ‘new’ arrival. The likes of Loftus-Cheek and Callum Hudson-Odoi already saw first-team action last season, and will almost certainly experience plenty more in 2019/20. In addition, returning loanees like Abraham – who might otherwise have been loaned out again or sold – may end up being part of a number of players who can shine this year.A Striking ProblemThere’s no doubt about it – since Diego Costa banged in 20 goals in their 2016/17 title-winning campaign, Chelsea have had a problem up front.Álvaro Morata proved so disappointing after his costly arrival that he was loaned out after only 18 months, and will spend all of 2019/20 at Atlético Madrid. Olivier Giroud – while still an effective link-up man – has mustered a middling 18 goals in 63 appearances since joining Chelsea, and turns 33 in September. Eden Hazard – last season’s top scorer – is already gone. When it comes to genuine strikers leading the line in 2019/20, Chelsea have only two realistic options: Michy Batshuayi, and Tammy Abraham. Since arriving in 2016/17 from Marseille it’s fair to say that Batshuayi has failed to convince at Stamford Bridge, despite reasonable scoring returns at Chelsea and on loan at Dortmund. Perhaps his most recent loan to Crystal Palace, in which he scored 6 goals in 13 appearances – combined with their inability to recruit – will convince Chelsea to give him one more shot. Based on recent form, though… it’s Tammy Abraham who presents a far more exciting proposition. Can Abraham step up?Despite still only being 21, Tammy Abraham has already proved beyond any doubt that he can score goals. Since his senior debut he’s made 133 appearances and scored 60 goals, which is a seriously good ratio for a striker so young. He passes the eye test too, having shown impressive natural predatory instincts, and his combination of a reasonable amount of pace and a long 6’3 frame cause frequent problems for defenders.© Andrew Matthews/PA WireThe only question remains whether or not he can do it at the absolute top level, in the Premier League and Champions League, for a club of Chelsea’s pedigree. After all, while those scoring numbers are certainly impressive, the vast majority came in the Championship (first for Bristol City, then for Aston Villa). In his lone Premier League season on loan at Swansea, Abraham managed only 5 goals in 31 appearances. While there’s no way to know at this stage whether he’ll be able to cut it at Chelsea, we’d tend towards optimism. Having a striker’s instinct is something which can’t be taught, and Abraham has indisputably proven he already possesses one. He’s coming off a tremendous season too, with his 25 league goals helping Aston Villa to promotion. Finally, without wanting to sound harsh, playing up top for a Swansea side about to be relegated is one thing; playing with the likes of Pulisic, Pedro, Willian and Hudson-Odoi around you is a different proposition entirely. He wants to stay in West London, and – if given the chance to do so – may well hit the 20 goal mark in 2019/20. Betting OddsMost online bookies don’t yet feature a Top Goalscorer market for 2019/20. It’s worth keeping an eye out for when it opens, though, as you can often get excellent odds when outright markets have just opened, before the action starts to push them around. Some bookies however do have this market open. With British betting giant William Hill being one of them you can get your cash down on the outright market before the action kicks off and take advantage of generous William Hill offers and deals. The likes of Kane, Salah, Aguero and Aubameyang are leading the way at odds of less than 10/1. Vardy and Lacazette are nestling in at around 20/1 to 25/1, and we’d guess that Abraham would likely have similar odds. Given that he could certainly hit around 20 goals if given the starting job next season, and that the 2018/19 Golden Boot was shared by players who only managed 22 goals, Abraham would make a fine value play indeed at that kind of price. Follow West London Sport on TwitterFind us on Facebookby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRecommended for youAspireAbove.comRemember Pauley Perrette? Try Not To Smile When You See Her NowAspireAbove.comUndoLifestly.com25 Celebs You Didn’t Realize Are Gay – No. 8 Will Surprise WomenLifestly.comUndoRome Hotels | Search AdsRome Hotels Might be Cheaper Than You ThinkRome Hotels | Search AdsUndoUsed Cars | Search AdsUsed Cars in Tuen Mun Might Be Cheaper Than You ThinkUsed Cars | Search AdsUndoHappyTricks.comHer House Always Smells Amazing – Try her Unique Trick!HappyTricks.comUndoFood World Magazine15 Fruits that Burn Fat Like CrazyFood World MagazineUndoezzin.com20 Breathtaking Places to See Before You Dieezzin.comUndoDrhealth35 Foods That Should Never Be Placed in the RefrigeratorDrhealthUndolast_img read more

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Be a Part of What’s Next for Geocaching

first_imgWhat’s Next for Geocaching2015 is set to be a big year for geocaching. While winter (in the Northern Hemisphere) is typically our slowest time of year, this year the gears have been turning and new ideas have been assembled. We’ve been busy innovating, creating, and experimenting—and it’s all been fueled by you, the geocaching community. In the first edition of What’s Next for Geocaching, you’ll learn how Geocaching HQ and the 9-million-strong geocaching community have come together to forge new tools, features and upgrades. Plus, you’ll have a chance to be involved, too.Innovation and Inspiration, Fueled by YouAt Geocaching HQ, one of the many reasons we love geocaching is the creativity and inventiveness of the community that molds and shapes the game. To honor that creativity and inventiveness, we’re making a concerted effort to put the geocaching community at the forefront of inspiration for what we’re working on. The first step: listening.Meet Jayme!Meet Jayme. She has been a geocacher since 2008 and has earned nearly 9000 smileys. Now, she serves as the User Insights Analyst at Geocaching HQ. Jayme is responsible for bringing the voice of the geocaching community into the product development process.She says, “We want to delight geocachers. To do so, we know we need to listen to the community’s needs, wants, and desires.”To get a read on the community’s needs, Jayme organizes player surveys, forum discussions, geocacher play-testers and games. You read that right, games! Geocachers are invited to participate in activities called innovation games. These specially designed exercises help us better understand what geocachers want and even help guide the future of geocaching.Jayme says, “There is a feeling of collaboration when a certain group of people are given a challenge and have to come up with a solution together. The games encourage thinking outside-of-the-box, working with other people, and they open up players’ eyes to how others geocache in other parts of the world and how challenging it can be to build a product that serves all geocachers, everywhere.”So far, geocachers have played innovation games at the Geocaching Block Party and at Mega-Events in Germany and Spain. This year, Geocaching HQ’ers will be hosting games at even more Mega-Events around the world to learn what geocachers need to create the ultimate toolset for their geocaching experience.Get InvolvedThroughout 2015, we’ll be releasing a series of geocacher-inspired features. We think they are pretty awesome and we hope you will too.To start, Geocaching Premium members will get a sneak peek at the new Advanced Search tool. It’s been completely retooled, revamped and streamlined based on geocaching community feedback. Now you’ll be able to find the exact adventure you want, easier. Keep an eye out for an email with more details.It doesn’t stop there. Throughout the year, there will be more opportunities to have your voice heard and influence the future of geocaching. There are a few ways to take part:Take advantage of your Geocaching Premium sneak peeks and send us your feedback.Sign up to participate in innovation games at the Geocaching Block Party and other Mega-Events.*Watch the User Insights thread in the Geocaching Forums for opportunities to give feedback.Sign up for Tips & Tricks to receive surveys about geocaching ideas and innovations.We can’t wait to show you more of What’s Next for Geocaching, so stay tuned!*More information about innovation games coming soon.Share with your Friends:More SharePrint Related2020 Geocaching HQ souvenir momentsDecember 10, 2019In “Learn”Geocaching Employee Spotlight: Tom, Veep of Marketing & MerchApril 10, 2016In “Community”Groundspeak Weekly Newsletter – January 5, 2011January 5, 2011In “Groundspeak’s Weekly Newsletter”last_img read more

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Punjab Cabinet minister Rana Gurjit Singh tenders his resignation

first_imgPunjab Cabinet minister Rana Gurjit Singh, who has been under fire from the Opposition for his alleged involvement in sand mining auctions, has submitted his resignation as Power and Irrigation minister to Chief Minister Amarinder Singh.“I have given my resignation from the ministry to the Captain Sahib. I gave my resignation personally to the Chief Minister a week back,” he said today.Rana Gurjit Singh, who is an MLA from Kapurthala, has been handling the power and irrigation portfolios.When asked why he gave his resignation, he said that the Opposition was trying to corner the Chief Minister by making false allegations against him and was demanding his resignation.“I have now tendered my resignation,” Rana Gurjit Singh said.However, there is no official confirmation of the acceptance of his resignation.The opposition, especially AAP leader Sukhpal Singh Khaira, was demanding Rana Gurjit Singh’s resignation from the Chief Minister after the cabinet minister’s name had last year allegedly figured in the sand mining auctions.The State government had then formed the Justice JS Narang Commission following allegations involving Rana Gurjit Singh in the sand mining auctions conducted by the mining department in May last year.The commission was mandated to probe all aspects of the allegations of impropriety against the irrigation and power minister in the multi-crore sand mining auctions.The minister had claimed that there was no wrongdoing in the auctions.This year, the Enforcement Directorate (ED) had reportedly issued summons for January 17 to Rana Inder Partap Singh, son of minister Rana Gurjit Singh, in connection with the raising of funds abroad by floating global depository receipts for one of the family-owned companies allegedly without the mandatory permission of the Reserve Bank of India.“Opposition again made hue and cry that ED had issued summons. Though, I am not looking after the business, the reply will be given to them (ED),” said Rana Gurjit Singh, who has been considered close to the Chief Minister.last_img read more

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₹24 lakh suspected poll cash seized in Bihar

first_imgThe police on Sunday seized ₹24 lakh in cash from two different places during a vehicle checking drive in Bihar’s Kishanganj district.Superintendent of Police Ashish Kumar said that the police seized ₹19.20 lakh and took two persons in custody from Lahra Chowk area while another ₹4.80 lakh was seized from Rampur check-post area in which one person was taken into custody. Both the seizures were made during a vehicle checking drive under Sadar police station of the town area, the SP said.The police are investigating the matter, he said and added that Income Tax officials have been informed about the seizures. The man in the first case was on his way to Siliguri via Kishanganj in his car bearing a West Bengal registration number, the SP said. The other person was also on his way to Siliguri from West Bengal’s Malda district. Sources, however, said that the money was being transported for use in the general elections which begin on April 11.last_img read more