Prime Minister, Brigadier (Ret’d), the Honourable Mark Phillips, said the Government intends to continuously bolster investments in human capital to build local content capacity and foster a sustainable future for all Guyanese.
He made the remarks while attending the official launch of the US$20m 3T EnerMech Guyana Training Centre of Excellence and graduation ceremony at the company’s headquarters in Lusignan, East Coast Demerara.
The launch of the petroleum training facility, the Prime Minister noted, would enhance Guyana’s human resource development.
“A crucial factor to the success of our nation lies in our people. We must ensure that we utilise the benefits of the oil and gas sector to build a bright future for this, the next generation of Guyanese and beyond. To do that, we must undertake a culture of ownership, a culture where our local content – our people – can thrive and that includes within the workforce itself.”
The training facility, Guyana’s premier in-country, state-of-the-art facility is a collaborative venture between 3t EnerMech, Orinduik Development Incorporated and Windsor Technologies.
Persons will be taught through blended learning software and technology, and via fully immersive simulators for high-hazard activity learning.
CUTTING EDGE DEVELOPMENT
Prime Minister Phillips, during his address, lauded the drive and innovation of the facility and those responsible for its establishment.
“As the first entity with approval to deliver OPITO (Offshore Petroleum Industry Training Organisation)-accredited training to the oil and gas sector in Guyana, our human resources are now strengthened at a global standard to actively and competently participate in the building of this new and abundant area of the country. With an industry that requires high skills and knowledge, it is reassuring to know that these capacities can be imparted to our people without having to leave their home soil.”
LOCAL CONTENT AT WORK
The Senior Government Official added that the “benefit of strong partnerships can never be understated, for these are the binds that allow goals that may otherwise seem unattainable to be achieved”.
He said that the Government would collaborate with 3t EnerMech to offer a blended technical and vocational training programme for Guyanese interested in careers in the oil and gas industry through the Guyana Online Academy of Learning (GOAL).
“Our Government has continually engaged in the training of our workforce to be able to occupy positions in the oil and gas sector and contribute to the building of this sector, which extends to the development of Guyana. In the past, much of this training was conducted away from home, but today, and from hereon, our people will be able to access such training right here in Guyana.”
In conjunction with the launch, the graduation ceremony, for the first group of students, was also held.
To this end, the Prime Minister charged the graduates to put their skills to use.
“I congratulate the first cohort of participants who underwent training at this facility. May you take your skills and put them to their fullest use as you proceed in your daily tasks of helping to build a better Guyana.”
He said that as a people, Guyana’s success depends on proper resource management, transparency and accountability.
The training programme provides a level one qualification from the Engineering Construction Industry Training Board (ECITB) and is divided into three phases: pre-learning assessment and safe passport, which are completed online, and the technical pathway, which is the practical journey, which is completed at the 3T EnerMech headquarters.
Premier Insurance returned for the second edition of the International Energy Conference and Expo Guyana
Premier Insurance, the sole insurance company to sponsor the second edition of the International Energy Conference and Expo Guyana 2023, returned as a Silver Sponsor as it leads the charge for energy insurance.
PREMIER Insurance Company Inc. (PREMIER) commenced operations on January 4, 2021, and has quickly established itself as one of the leading insurers in Guyana. Premier is gyA+ rated by CariCRIS and backed by the financial strength and experience of its CariA rated parent company, as well as A rated reinsurers.
For the second year, the company is leading the charge when it comes to supporting the energy sector in Guyana, as it provides unique insurance products to the oil and gas industry and a suite of customisable general insurance products, including fire, auto, commercial, liability, and bonds, with the company launching its PREMIER Signature Auto policy at the expo in February.
PREMIER’s local Managing Director, Anil Singh, said, “Our decision to come on-board this year reflects our commitment to continue helping in the development of Guyana. We took a step further by onboarding as a Silver Sponsor, which is a huge upgrade from our last year’s participation. Insurance plays an integral part in every contract execution within the oil industry, and we are happy to be here to lend our reach of international reinsurance support.”
Kurt Baboolall, Chief Executive Officer of the International Energy Conference and Expo Guyana 2023 said, “We welcome PREMIER Insurance to the conference and expo; they were the first business of its kind to become a sponsor last year. We are happy to have them back for a second year and hope that they will continue to support us in the years to come.”
The Conference and Expo completed its second edition under the theme ‘Harnessing Energy for Development’ from February 14–17, 2023, with over 1000 delegates attending the Conference and over 200 exhibitors to showcasing their companies at the Expo.
Canada/Guyana Chamber of Commerce signs MoU to propel Guyana’s energy sector
The International Energy Conference and Expo 2023 has generated a great deal of worthwhile interactions and partnership prospects, which the government expresses satisfaction with.
Canada/Guyana Chamber of Commerce (CGCC) signed a Memorandum of Understanding with Energy NL, which will serve as a platform to better engage business interests between the energy company and the wider Guyanese business community. The signing took place on the sidelines of the conference. CGCC Chairman, Anand Beharry said the agreement now amplifies other engagements which were already established. “There is extensive business participation in the Guyana market by Newfoundland companies. With this agreement, we hope to accelerate those engagements,” Beharry stated. Energy NL was founded in 1977 to represent the supply and service sector of the energy industry. Today, the energy company represents over 460 member organisations worldwide which are involved in or benefit from, the energy industry of Newfoundland and Labrador.
The CEO emphasized her commitment to sharing Energy NL’s experience and knowledge with Guyana’s stakeholders by comparing this change to that of Guyana.
“I am pleased on behalf of Energy NL to enter into this Memorandum of Understanding with the Canada- Guyana Chamber of Commerce, so that we can both take advantage of our shared experiences, our know-how and the desire to succeed for the mutual benefit of our membership. The opportunity here in Guyana is inspiring, I am thrilled to finally be here to see it and experience it. I look forward to helping Energy NL and our members to play a role in Guyana’s success,” she noted.
Additionally, a number of financial institutions have endorsed the conference and the government’s objectives. Scotia Bank Guyana’s Seugobin Sugrim noted that the bank was excited to have invested in the activity to connect with customers and establish new relationships. Similarly, Vice President of the Caribbean Development Bank, Isaac Solomon noted that the theme “Harnessing Energy for Development” was highly appropriate for the conference given that energy is the driving force of the modern economy.
Chairman of the NewHayven Merchant Bank, Floyd Haynes said the bank was created to bridge the capital gap of where Guyana is and where it needs to be. “If you look at where Guyana is, and where the leaders want to take the country, it is clear that there is a finances gap. Some of those monies will come from traditional institutions like Scotia bank, multilateral lending institutions like CDB, but a lot of it will be capital that will come from banks like The New Hayven Merchant Bank,” he said.
Green light for construction of a 300mw natural gas-fired power plant in Guyana
The Government of Guyana has paved the way for the gas to shore project to come to life by 2024. The Cabinet today issued a “no objection” to the construction of the first of its kind facility in Guyana. The project includes the construction of a 300mw combined cycle power plant and natural gas liquids facility.
This breakthrough decision will now permit negotiations to begin in earnest between the government and the winning bidders CH4/Lindsayca — with a goal to have the terms of the agreement finalized by the end of this month.
This is a significant breakthrough for the project. Earlier this year at the inaugural International Energy Conference and Expo Guyana, focus was placed on Charting a Sustainable Energy Future. The gas to shore initiative will be a critical component to getting there.
H.E. President Ali made it clear at the event that the offshore gas drilling taking place at breakneck pace must benefit the Guyanese people as a whole and not just those connected to the business. This project will lead to lower energy costs significantly while maximizing the use of by-products from drilling.
In his announcement today Dr. Ali said “a family at the end of this project that now pays $20,000 per month in light bill or electricity costs will see that cost coming down to $10,000.”
VSH United (Guyana) Inc was established on May 2015 in Georgetown, Guyana. Specialises in safety products, logistic services, real estate. They are also the sole distributors for Ansell and HexAmour.
SBM Offshore has announced that it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion., 
The Guyana National Bureau of Standards (GNBS), operating under the Ministry of Tourism Industry and Commerce is a semi-autonomous governmental organization responsible for standards and quality in Guyana. There role is to:
