Media & Resources

Media & Resources

OP-ED | Critical variables in Guyana’s Workforce Development Equation -villagevoicenews.com

The majority of the Guyanese working population work in three sectors, namely: (i) Agriculture, forestry, and fishing; (ii) Wholesale and retail trade; and (iii) Public administration and defense. Preparing a qualified workforce is the essential function of Guyana’s educational system. Tomorrow’s careers, particularly those in the emerging Oil and Gas sector, will require advanced skills […]

Media & Resources

Professor wants Guyana to set up special ministry for employment, training

Preparing a qualified workforce is the essential function of Guyana’s educational system says Dr. Terrence Richard Blackman, an associate professor of mathematics, and a founding member of the Undergraduate Program in Mathematics at Medgar Evers College. In his most recent column published on OilNOW this week, Professor Blackman said tomorrow’s careers, particularly those in the emerging oil and […]

Media & Resources

Toward a Meaningful Local Content Policy for Guyana’s Oil & Gas Economy – by Edwin M. Callender

On September 30, 2020, ExxonMobil made its final investment decision to proceed with offshore Guyana Payara field development after receiving “government approval”. ExxonMobil is operator of the Stabroek, Kaieteur, and Canje Blocks offshore Guyana. According to ExxonMobil, the Payara development will cost $9 billion (US) to develop 600 million barrels of oil – the same amount of oil as Liza Phase 2, but costing $3 billion more. Of the $9 billion capital expenditure over the next 4 years, do native Guyanese companies have competence, capability, or performance to participate? If so, how much participation? The answers to these questions constitute the essence of a meaningful local content regime.

Media & Resources

A Not-To-Do List for Guyana’s New Administration When It Comes to Oil – IPS

Guyana need only look to its neighbor Venezuela to see the perils of abundant oil resources. The well-known and hugely studied resource curse has confronted countries such as Venezuela for decades. In many cases, significant natural resources correlated with depressed development as other sectors are neglected and currency appreciates causing uncompetitive exports