Guyana’s Maritime legislation updated for oil-and-gas sector

• IN view of the projected transformation, Guyana is preparing its maritime sector by revising and updating local laws and regulations to reflect the current realities of the emerging oil-and-gas sector.
• “We must continue to employ good governance in the oil-and-gas sector through focused attention directed towards environmental concerns and protection of marine life,” said Public Infrastructure Minister, David Patterson.
• Oil and gas will be the primary engine of growth of the country for the next two decades. This has engendered an entirely new set of demands on maritime resources.
• The current maritime legal and regulatory framework will have to be significantly upgraded and adapted to meet the new demands of the oil-and-gas industry.

(Source: Guyana Chronicle)