Guyana is expected to access an advance to a US$20 million World Bank loan to build capacity in the oil and gas industry by June.Natural Resources Minster Raphael Trotman said Government would like to access an advance of US$1.7 million but needed to “urgently” establish a Project Implementation Unit (PIU).The PIU, spearheaded by the Natural Resources Ministry, must include a coordinator, financial director and have procurement capacities among other requirements. “Once those are in place we can receive the advance, and the larger tranche [portion] will be forthcoming towards the end of the year,” Minister Trotman is quoted by the Department of Public Information as saying.The loan will be used to build oil and gas capacity in three important areas. “Strengthening the regulatory framework, working with the Government on the issues of bringing the gas to shore and the other one is just general capacity building,” he further explained.Ministers Raphael Trotman and Simona Broomes meeting with technical experts from the World BankFunds will also be used to build the capacity of the Guyana Revenue Authority (GRA) and other institutions that will monitor cost recovery and similar measures in the oil and gas industry.On Tuesday, Minister Trotman and Minister within the Natural Resources Ministry Simona Broomes met with the World Bank’s Country Director for Caribbean Countries and Latin America, Tahseen Sayed, along with other technical experts to discuss the loan which was secured by Finance Minister Winston Jordan.Sayed noted that the World Bank’s International Development Association (IDA) has “significantly increased more than three folds the allocation for Guyana” from mid-2018. IDA is the concessional financing window of the World Bank.Guyana’s allocations now stand at US$85 million over a three-year period, Sayed explained. The US$20 million loan is part of this allocation, she added.Minister Trotman stated that the World Bank will be the country’s primary financial institution in the development of the oil and gas industry.
frederic lardinois Related Posts 8 Best WordPress Hosting Solutions on the Market Warner Music, which had removed its videos from YouTube after licensing talks with Google broke down last year, just announced that is has reached a new deal with YouTube and that Warner’s music videos will once again appear on YouTube. The partnership, according to the official announcement, covers the complete Warner catalog and “includes user-generated content containing WMG acts.” Warner will be able to monetize user-generated content thanks to Google’s Content ID technology, which can detect copyrighted content in YouTube videos and then allow the copyright holders to sell ads against this inventory.According to Google, the partnership is based on a revenue-sharing deal. Thanks to this deal, YouTube users will now have access to videos from all the major record labels and most of the major independent labels as well. Warner Will Sell its Own Ads and Get a Custom PlayerJudging from the announcement, it is clear that the Google Content ID system (which was just integrated with YouTube’s stats package earlier this week) was a major factor in bringing Warner back to YouTube. It’s also important to note that Warner will sell its own advertising inventory. Thanks to this, as Billboard’s Antony Bruno points out, Warner will be able to set its own prices and keep the majority of the ad revenue, even though it will share revenue with YouTube. Bruno also notes that YouTube will create a branded player and custom artist-channels for Warner’s content and that Warner hopes to include more commerce and social networking features in this player. Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… Tags:#news#web Why Tech Companies Need Simpler Terms of Servic…
With a slew of product announcements surrounding NAB 2013, Blackmagic Design stood out with the announcement of their 4K Production Camera and Pocket Cinema Camera. For the last two years, Blackmagic Design has taken the cake when it comes to product announcements at the NAB Show. In 2012 they made a huge splash with the announcement of their Cinema Camera, a professional digital camera that shoots 2.5K at under $3,000.The big news at the 2013 show was the addition of two more cameras in this product lineup, a professional production camera with a super-35 sensor that shoots 4K for $4k and a super 16 pocket camera that shoots 1080p RAW for under $1K. For the full specs on these cams see below. Blackmagic is shaking up the video production and post production industry, making cutting edge professional tools affordable. What do you think of these cams? Share your thoughts in the comments below. Both cameras are slated to be shipping in July 2013.Get more specs and details on the product announcement at NoFilmSchool:Blackmagic Production Camera 4kSuper 35 size sensor with a global shutterNative 3840 x 2160 resolution, optional 1920 x 1080 (via downsampling)12 Stops Of Dynamic RangeShoots 23.98/24/25fps, 29.97/30fps, 50i and 59.94i in 1920 x 1080EF MountVisually lossless compressed CinemaDNG RAW and ProRes 422 (HQ)21.12 x 11.88mm active sensor area2.5″ SSDThunderbolt and 6G-SDI outputBuilt-in touchscreenAvailable in July for $3,995LANCBlackmagic Pocket Cinema CameraSuper 16 1080 HD Sensor13 Stops of Dynamic RangeShoots 23.98/24 and 29.97/30 fpsActive m4/3 mountVisually lossless compressed CinemaDNG RAW and ProRes 422 (HQ) to SD cards12.48 x 7.02mm active sensor areaShipping in July for $9953.5″ LCD touchscreenRemovable BatteryBuilt in Stereo MicsLANC, micro HDMI with overlays
APTN National NewsNDP leader Jack Layton blasted Prime Minister Stephen Harper for failing to address First Nations water, housing and education issues in the Conservative’s last, dead-on-arrival, federal budget.Layton said the NDP has taken on a strong stand on First Nations and Metis issues.Layton said the NDP was not yet ready to release its platform.The Liberals have promised to increase funding for First Nations education in their platform, released this past weekend.