{"id":15920,"date":"2024-01-26T14:11:55","date_gmt":"2024-01-26T14:11:55","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=15920"},"modified":"2024-01-26T14:11:56","modified_gmt":"2024-01-26T14:11:56","slug":"enhanced-monitoring-and-contract-compliance-in-focus-for-guyanas-oil-and-gas-sector-in-2024","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/enhanced-monitoring-and-contract-compliance-in-focus-for-guyanas-oil-and-gas-sector-in-2024\/","title":{"rendered":"Enhanced Monitoring and Contract Compliance in Focus for Guyana&#8217;s Oil and Gas Sector in 2024"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Vice President Dr. Bharrat Jagdeo has outlined key policy priorities for Guyana&#8217;s oil and gas sector in 2024, emphasizing a commitment to robust monitoring and contract compliance. <\/p>\n\n\n\n<p>Speaking at a recent press conference at the Office of the President, Dr. Jagdeo highlighted the government&#8217;s ongoing efforts to regulate the expanding oil and gas industry.<\/p>\n\n\n\n<p>Since 2020, several policies have been implemented, including reforms to the Natural Resource Fund, the petroleum activities bill, and the strengthening of the Environmental Protection Agency (EPA), among others. <\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/01\/Samuel-Jagdeo-1.mp3\"><\/audio><\/figure>\n\n\n\n<p>Dr. Jagdeo underscored the importance of monitoring oil companies&#8217; activities to ensure compliance with established regulations.<\/p>\n\n\n\n<p>In addition to these measures, a comprehensive review of the country&#8217;s local content legislation is on the agenda. <\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/01\/Samuel-Jagdeo-2.mp3\"><\/audio><\/figure>\n\n\n\n<p>Dr. Jagdeo emphasized the need for adjustments to local content policies to align with evolving industry dynamics.<\/p>\n\n\n\n<p>As part of the initiatives planned for 2024, a paid internship program involving 45 Tier 1 contractors will be introduced, providing approximately 100 paid internships. <\/p>\n\n\n\n<p>The government aims to enhance awareness of opportunities afforded by the Local Content Act through the development of an improved digital platform and the facilitation of local content sensitization workshops.<\/p>\n\n\n\n<p>The government&#8217;s proactive stance on monitoring, compliance, and local content reflects its commitment to responsible and sustainable development within the oil and gas sector. <\/p>\n\n\n\n<p>These policies aim to strike a balance between industry growth and safeguarding national interests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Dr. Bharrat Jagdeo has outlined key policy priorities for Guyana&#8217;s oil and gas sector in 2024, emphasizing a commitment to robust monitoring and contract compliance. Speaking at a&hellip;<\/p>\n","protected":false},"author":4,"featured_media":15921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,366,350],"tags":[],"class_list":["post-15920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=15920"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15920\/revisions"}],"predecessor-version":[{"id":15924,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15920\/revisions\/15924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/15921"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=15920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=15920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=15920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}