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Daily Archives: June 29, 2016

ExxonMobil says second well offshore Guyana confirms significant oil discovery of 800 million to 1.4 billion barrels of high-quality oil

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. “We are excited by the results of a production test of the Liza-2 well, which confirms the presence ...

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Prominent Guyanese business executive honoured by Rotary International, Rotary Club of Guyana

The Rotary Club of Demerara, a well-established service organisation known for promoting service above self in Guyana, presented veteran Guyanese Business Executive Ramesh Dookhoo with the prestigious Paul Harris Fellow Award at its annual ‘Handing-Over’ Dinner  on Tuesday, June 28, 2016 at the Pegasus Hotel. The Paul Harris Fellow Award is the highest recognition of the Rotary Foundation of  Rotary ...

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Lethem students to benefit from new, cheaper bus service

As part of its drive to improve on school attendance in Lethem, the Lethem Town Council plans to introduce a school bus service. Mayor of Lethem, Carlton Beckles, said that the Municipality will be purchasing two new 32-seater buses to start the new school year. “The president has charged us to get the children in the school,” the Mayor said, ...

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Guyana better equipped to host regional and international basketball games

Guyanese basketball players can now enjoy a basketball court which meets international standards and for the first time, the Caribbean Basketball Confederation (CBC) games will be held in Guyana. The Ministry of Culture Youth & Sport upgraded court at the Cliff Anderson Sports Hall valued at GYD$20M. This amount includes the procurement of equipment for the facility which now makes it ...

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Sweeping changes required to effectively monitor natural resources- civil society organisation; Guyana to apply for EITI membership in November

With Guyana expected to apply to the global transparency watchdog for extractive industries in November for membership, the newly-formed civil society organisation, Policy Forum Guyana, says effective monitoring of open and accountable management of Guyana’s natural resources will require a drastic changes in the existing system. “If we are going to manage extractive resources, there is a whole range of ...

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