Professor Ivelaw Griffith, C.C.H, Tenth Vice-Chancellor and Principal of the University of Guyana is please to make the following announcements as part of the university's preparation for the First Oil and Beyond.
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With Guyana an emerging oil and gas country and with several agreements signed with companies, the primary focus now should be on establishing a sound legal and regulatory framework.
“One of the first things you need is that your legal framework must be in place,” University of the West Indies Professor Emeritus of Mechanical Engineering, Clement Imbert, last Thursday evening told a University of Guyana oil and gas forum.
VISITING President of the University of Trinidad and Tobago, Professor Sarim Al-Zubaidy has told the University of Guyana’s 5th Conversation on Law and Society that investing oil revenues into education would help fuel further economic growth.
Guyana has been receiving seismic data and verifying the amount of oil being discovered and the wells that are not commercially viable, the Commissioner of the Guyana Geology and Mines Commissioner, Newell Dennison said.
Visiting President of the University of Trinidad and Tobago, Professor Sarim Al-Zubaidy has told the University of Guyana’s 5th Conversation on Law and Society that investing oil revenues into education would help fuel further economic growth.
— University of Trinidad and Tobago petroleum expert
UNIVERSITY of Guyana (UG) Faculty of Technology students along with other stakeholders including lecturers of the university on Wednesday participated in a two hour professional engagement seminar titled “an overview of the Liza Field Development Phase 1” facilitated by petroleum expert Lugard Layne.
A significant portion of the $100 M grant which the University of Guyana secured last year as part of Government's effort to help the institution establish an Oil and Gas programme, has been expended. Last year, the Ministry of Natural Resources, the Geology and Mines Commission (GGMC) and the University of Guyana (UG) signed a Memorandum of Understanding (MOU) for a $100 million philanthropic education grant for the period 2017-2018.
“While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.
By Dr Leyland M. Lucas
The University of Guyana (UG) is appealing for bigger investments in order to effectively ‘prepare thousands of Guyanese’ for the country’s emerging Oil and Gas (O&G) sector.
So says the institution’s Vice Chancellor, Professor Ivelaw Griffith, who this past week lamented the state of affairs, as he appealed to the corporate community, including oil companies, civil society and government for increased investments in the tertiary institution.