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Daily Archives: December 28, 2017

ExxonMobil gets generous tax concessions; Guyana stands to earn US$7.5 billion in 20 years

ExxonMobil, along with its partners, that is preparing to begin commercial oil production in early 2020 at the Liza 1 Field offshore Guyana have been granted very generous tax concessions, even as both parties are touting the hefty earnings that the country will make in 20 years from one field alone. The 2016 Petroleum Agreement states that Esson Exploration and ...

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Updated: NCN’s CEO resigns after “unanimous” board dissatisfaction with his performance

The Chief Executive Officer of the National Communications Network (NCN), Lennox Cornette has resigned just over one year after his controversial appointment, sources confirmed. “Faced with the possibility of a non-renewal of his contract, he took the better decision,” sources said. His contract expires in April, 2018. Cornette’s last working day will be January 12 after which he will proceed ...

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