…an “old problem” for resources to be mismanaged – HindsAssociate Professor and political activist David Hinds is imploring the government to not make the same mistake as Trinidad and Tobago did by not developing a long-term plan to manage its oil resource.Dr David HindsAlthough the discovery of oil is welcoming, Hinds in an interview with Guyana Times stated that government should start taking the necessary steps towards the proper management of the resource. He highlighted that it is an “old problem” for Guyana’s resources to be mismanaged, in terms of foreign investors being the prime beneficiaries of the resources.He said this “old thorn” has not been removed because Guyana is not single-minded about confronting and solving the issue of Guyana’s resources being mismanaged.“For example, we have our gold. However, there is no processing plant to refine our gold and so the gold is extracted in its raw state and shipped out to be refined. And what do we gain – a percentage,” he explained, noting that it is the same with other resources.Recently, ExxonMobil discovered that the second exploration well in the Stabroek Block offshore Guyana has a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. The wells are located approximately 193 kilometres (120 miles) offshore. The block is 26,800 square kilometres (6.6 million acres).Esso Exploration and Production Guyana Limited holds 45 per cent interest in the Stabroek Block; Hess Guyana Exploration Ltd holds 30 per cent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 per cent interest.ExxonMobil is the largest refiner and marketer of petroleum products while its chemical company is one of the largests in the world.According to Hinds: “There is always the overemphasis on attracting foreign investment. I think the same emphasis should be put in developing internal mechanisms and economic structure. So we should invest in small businesses, in our local investors.”Hinds alluded however, to the deficiency of the skilled human resources and to that end insisted that before Guyana begins to envisage managing oil on its own, it should start investing in its people first. He stated that government should encourage Guyanese to develop the skills necessary to build an economy around oi: “We should start investing in having locals trained in oil engineering for the future….we would need lawyers to handle cases of petroleum issues.”Education Minister Rupert Roopnaraine had disclosed that he had proposed to the authorities of the University of the West Indies (UWI), St Augustine Campus, to develop a petroleum engineering programme that would prepare Guyana to manage its potential oil industry.Petroleum engineering is the study of the extraction of oil, gas and other natural resources from the earth. This is accomplished through the design, drilling and operation of wells and well systems, and the integrated management of the underground reservoirs in which the resources are found.Hinds suggested that Guyana needs to start envisaging a whole new economy around oil and start now: “It is not about pumping the oil out from the ground and selling it and getting the money…if Guyana is going to benefit from oil we have to build up an enabling economy…an offshoot economy.”Oil refineryThe Associate Professor indicated that if Guyana cannot develop its own oil refinery, then the country should partner with Caricom countries to construct one. “That is the way to go…that is why we have Caricom…” he stressed.“It would be nice if we can have our own oil processing here but if we cannot do it by ourselves then we can partner with sister Caricom countries to do,” he said, explaining that this is what a single market is about.He noted that if Guyana and Trinidad could develop an arrangement where they can both manage a future oil refinery in Guyana, then both Guyanese residing in Trinidad and Guyana would benefit.“It is either we have our own processing plant or we do it through a regional emphasis,” Hinds stressed.Ministers of Natural Resources and Finance Raphael Trotman and Winston Jordan are currently visiting Uganda to gain knowledge on the strategies that country has employed to manage and develop its oil resource.
The event was the second that Benson took part in, as she finished seventh in the Women’s Steeplechase earlier in the games.As a whole, B.C. athletes had a tremendous showing at the Canada Summer Games. Athletes from the province finished third overall in the medal standings as they took home 122 medals. Of those 122 medals, 47 were gold, 36 were silver, and 39 were bronze.Ontario finished first in the medal standings with 213 medals.- Advertisement –
Sporting Lisbon’s Eric Dier is set to join Tottenham 1 Tottenham have agreed a deal to sign English defender Eric Dier from Sporting Lisbon.Subject to passing a medical, the 20-year-old will complete a move to White Hart Lane for a fee believed to be in the region of £4million.Dier has progressed through Sporting’s academy, having moved to Lisbon aged 10 when his mother was offered work during Euro 2004.The centre-back has earned five caps for England’s Under-21s and had also been linked with a move to north London rivals Arsenal earlier this summer.
1 Southampton star Nathaniel Clyne in action Southampton executive director of football Les Reed has revealed the club have had ‘positive discussions’ about a new contract with Manchester United target Nathaniel Clyne.The England right-back has been on the Red Devils’ radar for some time and are likely to move for his signature once the season ends.But they will face a fight for his services after Reed confirmed the Saints have been in talks with the player’s new agent about extending his deal at St Mary’s.“Ronald [Koeman] made a comment that there was a deadline [on Clyne signing a new deal],” he told the club’s official website.“That deadline was more about getting a response and that issue has been solved by the fact Nathaniel has changed his agent.“We got an immediate response from his new agent.“That’s not our business but there was something there slowing things down.“That’s all accelerated, I’m in discussions with his agent and those have been very, very positive.”Clyne has been one of Southampton’s star performers this season, helping the club achieve the second best defensive record in the league behind Chelsea.Reed added: “There’s bound to be a lot of speculation because he’s such a good player and has had such a good season so we have to balance that against what he can do for us in the future and what we can do for him.“We’re at a very good place at the moment in terms of the discussions going on and I’m confident again that we will have a resolution to that sooner rather than later.”
DONEGAL TD Joe McHugh says more GLAS payments to farmers have been made today with more due next week – but appealed for those applying for the grants to “check your paperwork”.The Minister of State was speaking this evening as he confirmed around 8,550 GLAS cases currently awaiting payment.The Green Low Carbon Agri-Environment Scheme (GLAS) provides support to farmers under the Rural Development Programme to deliver environmental benefits and public goods which will enhance Ireland’s agriculture sustainability credentials into the future. “This scheme is playing a critical role in enhancing Ireland’s efforts to deliver sustainable agricultural production,” said McHugh.“It provides support to Irish farmers aimed at enhancement of biodiversity, water quality and mitigation of future impacts of climate change while allowing Irish farmers to improve their agricultural productivity and practices in a sustainable manner.“It is critical that we protect the Irish countryside for the benefit of all and GLAS provides support to Irish producers to do this while enhancing their ability to deliver sustainable food production, food production which is making a critical contribution to growth in the Irish economy.”GLAS has been extremely successful in the range of actions undertaken. Under the commitments made as part of the first two tranches targets have been met or exceeded in some areas. On the basis of these commitments, the benefits achieved already include the conservation of 243,000 hectares of permanent pasture, protection of 12,000 km of watercourses and preservation of 90,000 hectares of habitat and 75,000 hectares for endangered bird species. In addition, Commonage Management Plans will be prepared for over 75% of commonages nationally.GLAS has a maximum annual payment of €5,000 under the general scheme with provision for payment up to €7,000 (known as GLAS+) where the farmer is required to give exceptional environmental commitments in a limited number of cases.Said McHugh: “The first two tranches of the GLAS scheme resulted in almost 38,000 farmers being approved into the scheme in its first year of implementation. This represents an unprecedented level of participation in the first year of an agri-environment scheme in Ireland.“My colleague Minister Creed recently signalled that all eligible applicants under the third tranche of GLAS will be accepted into the scheme, bringing overall participation levels to 50,000 farmers.”The Donegal politician warned however that payment can only issue where all the required validation checks have been successfully passed. “Further payments valued at €5.3M issued to just under 1,500 participants last week and another payment run issued today, Friday 3rd February. A further payment run is expected mid-next week,” he said.“Approximately 8,550 cases remain outstanding. Further payment runs will be made on a weekly basis as cases are cleared.”He said that given the range of actions in GLAS and the associated validations there are therefore a number of different reasons why payment may not have issued.Many of these issues given their complexity require review on a case by case basis and this work is ongoing at present – the Department of Agriculture, Food and Marine is in contact with farmers on additional documentation needed to resolve queries. As issues are resolved payments will continue to issue on an ongoing basis.“I can assure farmers in Co Donegal that Minister Creed is very keenly aware of the need to process these payments without delay and is ensuring that all resources required both on the I.T. and administrative side are directed towards resolving the outstanding queries on these cases,” said McHugh.Tonight the Department of Agriculture issued specific reasons for the delay in processing:These include;o the declaration of an incompatible parcel usage for GLAS action choseno changes in parcel boundaries on which a GLAS action is chosen including splitting or merging of parcelso The applicant no longer claiming parcel on BPS 2016,o incomplete documentation such as incorrect information on Low-Emission Slurry declaration,o incomplete interim commonage management plans,o incompatible data and parcel history on Department databasesMcHugh: Department make more Glas Payments to farmers was last modified: February 3rd, 2017 by John2Share 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:donegalFine GaelGLAS paymentsJoe McHughminister creed
NEW YORK – As emerging stock markets surged during the past year, 102 wealthy people around the world won a much-coveted title along with their stellar gains – they all became billionaires. But tepid returns in the United States ate into the fortunes of some of the richest Americans, including the founding family of Wal-Mart Stores Inc. The number of billionaires around the world rose by 102 to a record 793 over the past year, and their combined wealth grew 18 percent to $2.6 trillion, according to Forbes magazine’s 2006 rankings of the world’s richest people. Forbes editor Luisa Kroll noted that Russia’s stock market jumped 108 percent between February 2005 and February 2006, while India’s market rose by more than 54 percent during the same period. Brazil “was another bright star” with a market gain of 38 percent, she said. Kroll said the changes on the list weren’t driven by U.S. investments. “The more exciting story is these emerging markets,” she said. “The U.S. stock market was quite a laggard with only a 1 percent increase.” The growth in emerging markets also meant the Czech Republic placed a billionaire on the list for the first time: Petr Kellner, who debuted at No. 224 with $3 billion. And while China’s market grew just 3 percent, the country added eight more billionaires, up from two last year. Microsoft Corp. founder Bill Gates was again the world’s richest man for the 12th year running. Gates grew wealthier, with his net worth rising to $50 billion from $46.5 billion. Investor Warren Buffett, the chairman of Berkshire Hathaway Inc., again ranked second; his fortune fell by $2 billion to $42 billion. The rest of the top 10 underwent a major reshuffling, with three familiar names dropping out of that select group: German supermarket company owner Karl Albrecht, Oracle Corp.’s Lawrence Ellison and Wal-Mart chairman S. Robson Walton. Mexican telecom mogul Carlos Slim Helu moved up one notch to No. 3 with $30 billion, replacing Indian steel magnate Lakshmi Mittal, who fell one place to No. 5 with $23.5 billion. Ikea founder Ingvar Kamprad of Sweden rose two slots to No. 4 with $28 billion. Microsoft co-founder Paul Allen edged up to sixth place from No. 7, with a net worth of $22 billion. He was followed by France’s Bernard Arnault, chairman and chief executive of LVMH and The Christian Dior Group, with $21.5 billion; Arnault was new to the top 10. Saudi Arabian Prince Alwaleed Bin Talal Alsaud fell to eighth place from No. 5, with $20 billion; and Canadian publisher Kenneth Thomson and his family moved into the top 10, ranking No. 9 with $19.6 billion. Hong Kong’s Li Ka-shing rose to No. 10 with $18.8 billion. Ka-shing is the chairman of Cheung Kong (Holdings) Ltd. and Hutchinson Whampoa Ltd. The Walton family, which dominated the upper echelons of the Forbes list in recent years, tumbled in this year’s ranking as stock in the world’s largest retailer dropped more than 10 percent in the past year. S. Robson Walton, known as Rob, who last year ranked 10th, fell to 19th with $15.8 billion. Christy Walton and Jim Walton tied for 17th with $15.9 billion each, while Alice Walton followed Rob Walton at $15.7 billion. Helen Walton, mother of the clan, did not make it into the top 20, landing at No. 21 with $15.6 billion. Martha Stewart, who was new to the list last year, dropped off completely this year. Her fortune shrank from $1 billion to an estimated $500 million after her conviction for lying about a stock sale and her five-month prison term. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Kelly’s Toyota and Letterkenny Rugby Club teamed up last Saturday to push a brand new Toyota Yaris from Kelly’s Toyota showroom in Mountcharles to Letterkenny Rugby Club’s Dave Gallaher Park.This was the 2nd year that this was done and with the support of Brendan Kelly from Kelly’s Toyota, they did it again this year.Some months ago the captain of the Letterkenny 1sts, Terence Gallagher decided he would like to do a charity event at the end of the season. He contacted Denise Nolan, the fund raising executive from the Jack & Jill Foundation and asked could the Letterkenny Rugby Club partner with the Jack & Jill Foundation and she was delighted to agree. Denise told Terence that their charity have currently seven families in Donegal under their wing at the moment and those families would be so appreciative of the club’s support. They provided TShirts, Baloons, Posters and everything needed for the event.The day started off at Kelly’s Toyota Mountcharles where the lads were fuelled with a hearty breakfast by the team at Kelly’s which gave them the strength to start the push, firstly onto Donegal Town, where they were met & greeted by everyone who was out and about in the Diamond.They pushed, stopping off for another refuel at Biddy’s O’Barnes, headed straight for Ballybofey & Stranorlar where they were welcomed & supported. Onto Letterkeny & when they got to the top of Lurgybrack, it was downhill and straight to the finish line, but that was not before they pushed the Toyota Yaris through Letterkenny Town.Commenting on the push itself, Terence said: “We were absolutely delighted with the support that the public along the way gave us, they supported our charity event, they encouraged us and we are just delighted that we did it”. I would personally like to thank Brendan Kelly & his team at Kelly’s Toyota, Mountcharles and Letterkenny, without whom this event could not have been possible. Brendan has been just a fantastic support to the club for many years & nothing is a bother when events like this are put forward.” “I would like to thank the lads who took part on the day along with myself, Chris Digimis, Shaun Mc Gill, Mark Quigley, Collie Farrell (Coach), Conor & Dermot Dunleavy, Caoimhín Mac Lochlainn, Keelan Kreel, Ronan O Donnell, Micheal Moran, Ciaran & Ciaran O Dowd, Martin & Ryan Mortimer, Sean Morris, Paul Madigan, Micheal Carr & Stephen Devine. They were all fantastic.“I would like to thank McGettigan Coaches who drove our lads to Mountcharles and stayed with us until we got back to the clubhouse, giving us support along the way. I would like to thank Letterkenny Rugby Club for their support and to Denise Nolan, the fund raising executive from the Jack & Jill Foundation for partnering with our club for this event. I would also like to thank Grace Ann McGarvey, with her help in promoting the event & getting awareness for our charities.“To know that seven families in our county will benefit somewhat from this event, makes it all worthwhile.” Thanks to everyone for your support. And I, would like to give a special thanks to our coach Collie Farrell from all the Letterkenny RFC players for an enjoyable year playing rugby. ” concludes Terence. PICTURE SPECIAL ON RUGBY CLUB CAR PUSH FOR JACK & JILL FOUNDATION was last modified: May 17th, 2016 by John2Share 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)
take zlat Chelsea confident of beating Man United and Liverpool to Sancho signing Porto star Yacine Brahimi could move to the Premier League this summer. Top nine Premier League free transfers of the decade Zlatan Ibrahimovic in ‘advanced talks’ to complete Premier League comeback Real Madrid ‘offer’ Isco to Chelsea in bid to ‘make room’ for Tottenham star LIVING THE DREAM REAL DEAL Chelsea have watched Leeds ace ‘perfect for Premier League football’ regularly Arsenal ace heading for January exit as German club ready bid for midfielder RANKED WHITE KNIGHT GOSSIP 1 Meanwhile, promoted Wolves are also keeping tabs on his situation ahead of their first season back in the Premier League.Now, according to France Football, Porto have put Brahimi up for sale as they bid to ease their financial issues.The 28-year-old is about to enter the final year of his contract so Porto know his value will dwindle rapidly over the next 12 months so a quick sale will suit them. Kevin De Bruyne ‘loves Man City and wants to keep winning’, reveals father Man United ‘miss out’ on Minamino, West Ham scout Flamengo strikers, Auba wants out It has been suggested that any bid between around £22million and £26million should be enough to secure his signature.Brahimi was in fine form last term, scoring nine goals in 33 outings, which is his best return since he arrived at Porto from Granada in 2014.talkSPORT will be with listeners all day and all night at this year’s 2018 FIFA World Cup™ with over 800 hours of World Cup content and all 64 games live across the talkSPORT network. IN DEMAND Euro expert explains why Liverpool should be so excited about Minamino Porto could be ready to sell Everton and Wolves target Yacine Brahimi for £22million this summer.The Algerian winger has come close to joining Everton in the past and the Merseyside club are still being linked with a move to sign him. ‘perfect fit” Man United joined by three other clubs in race for Erling Haaland Latest Transfer news three-way race heading off
Students at one Inishowen school have shown that school doesn’t have to be boring!Pupils from Crana College in Buncrana rolled up their sleeves to take part in their Science Fair this week. All sorts of experiments were undertaken and a great day was had by all involved.Simply click on the video to see how exactly how much fun and enjoyment was had.DDTV: INISHOWEN STUDENTS PROVE SCIENCE CAN BE FUN! was last modified: November 19th, 2014 by StephenShare 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:buncranaCRANA COLLEGEScience Fair
Few would have thought at the start of the season that the Chelsea v Man Utd game in early February would not be between two teams with realistic title aspirations but that is, sadly, the case on Sunday.Yes it is possible that Chelsea (7/2 co favs) could land their third FA Cup in four years and are favourites to make it past Napoli in the last 16 of the Champions League, but the fact that Andre Villas-Boas is just 10/1 with us at BetVictor to be the next Premier League manager to lose/leave his job and the club are 9/4 to be top London side in the PL (Spurs 4/9) speaks volumes.Chelsea are 6/4 favourites to put a dent in United’s chances of retaining their title at the Bridge, with the visitors 15/8 and the draw 23/10.13/2 to score firstNon-striking striker Fernando Torres is 13/2 to net the opener behind Wayne Rooney (11/2) who is likely to return after a two-match absence through injury.We have a special match bet between the two forwards and bet:Rooney 10/3Torres 11/4Draw 4/6There has been much speculation about whether John Terry will go to/lead England at Euro 2012 and betvictor.com have a market on who will skipper the Three Lions in their first game of the tournament against France on June 11th:J Terry 6/4S Gerrard 2/1S Parker 4/1A Cole 6/114s BarRangers (10/11) really should have too much at Loftus Road for a Wolves side (16/5) who were dreadful against Liverpool in midweek.Former Reds striker Djibril Cisse was excellent at Villa Park in their exciting 2-2 draw on his debut midweek and he is 7/1 to net the opener with ourselves, which does look too big!A flying start for Bobby?The Frenchman will be keen to make an impact in front of the R’s faithful and he looks sure to start.Bobby Zamora will also be keen to make an immediate impact and he also looks a very fair price at 15/2 to score first and Mark Hughes will surely want to start his recent recruits as a partnership sooner rather than later.Fulham have had a disappointing week having tamely exited the FA Cup last Friday and again surrendering the lead against the Baggies on Wednesday night.Things don’t get much easier with a trip to the Etihad on Saturday and the visitors are 10/1 for a shock with the league leaders 1/3 and the draw at 22/5.This is a good time to play City, however, given their recent wobbles and the natives will be getting increasingly restless if they haven’t scored inside the first 20 mins.Clint Dempsey remains in tremendous form and is 12/1 to score first and 7/2 to score at any time.For all your weekend odds check out betvictor.comFollow West London Sport on TwitterFind us on Facebook