https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Business

Tullow Oil makes 1st discovery offshore Guyana

Director of the Department of Energy, Dr. Mark Bynoe, Monday morning, announced that the UK-based Tullow Oil Plc wholly owned subsidiary Tullow Guyana B.V. discovered oil in commercial quantities. The oil was found in the Jethro-1 exploration well, drilled in the Orinduik Block offshore Guyana. The Jethro-1 well was drilled by the Stena Forth drillship to a total depth of ...

Read More »

Giftland, GPL at odds over no power purchase agreement

Giftland on Tuesday called on Guyana Power and Light Inc. (GPL) to disclose the reasons for so far failing to ink a deal for purchasing at least 3 megawatts (MW) of electricity, but the utility company said it was surprised at the private power producer’s stance because proposals have been dispatched and some technical work has been done. “We look ...

Read More »

Caribbean Court upholds trade ministerial decision on cement classification

The Caribbean Court of Justice (CCJ) on Tuesday delivered a judgement which upholds the classification decision of the CARICOM Council for Trade and Economic Development (COTED) on cement, known as Rock Hard Cement, imported and/or distributed within CARICOM by Rock Hard Cement (Rock Hard Distributors Limited) and, Mootilal Ramhit and Sons Contracting Limited. These proceedings in the CCJ’s Original Jurisdiction ...

Read More »

Ticket sold for non-existent seat at Providence stadium

At least one spectator of the West Indies v India 20/20 match was sold a ticket for a non-existent seat at the Guyana National Stadium, Providence, East Bank Demerara. An Attorney-at-Law and rights activist said his ticket had designated him to occupy seat 28, but when he turned up there was no such seat as row 21 only has seats ...

Read More »

President remains in office until next elections if no PPP support for House extension -AG

Attorney General Basil Williams Monday night said President David Granger would remain in office and call elections if the opposition People’s Progressive Party Civic (PPPC) refuses to give its parliamentary support to extend the timeframe within which general elections must be held following last December’s no-confidence motion. “Let’s assume they don’t go and get the two-thirds extension…We have always argued ...

Read More »

AG Williams, Nandlall, Ramkarran differ on economic impact of no-confidence motion

Attorney General, Basil Williams on Monday sought to downplay the fallout from the now eight-month old no-confidence motion on Guyana’s business climate, even as two prominent opposition-aligned lawyers forecast a rough period. Speaking during a panel discussion organised by the American Chamber of Commerce Guyana (AMCHAM-G) on the topic “The implication of the CCJ (Caribbean Court if Justice) Consequential Orders ...

Read More »

ExxonMobil supports job readiness programme in Guyana

ExxonMobil Guyana has provided some GYD$15 million to Specialists in Sustained Youth Development and Research (SSYDR Inc.), a not-for-profit organization, to roll out a job readiness programme in several communities across the country. Employment Attack 102, is a summer camp geared at preparing young persons including early school leavers for the job market. Speaking at a press conference at the ...

Read More »

New oil equivalent estimate at more than 6 billion barrels in Stabroek Block

Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE). “In Guyana, we have just increased the estimate of gross discovered recoverable resources for the Stabroek Block to more than 6 billion barrels of oil equivalent and continue to see multi-billion ...

Read More »

City Hall to enforce order to stop construction of petrochemical bond

The Georgetown City Council on Tuesday said it planned to move in on a John Fernandes Limited (JFL) site at Houston Gardens, East Bank Demerara, to enforce a “cease order on the construction of a petrochemical bond by an American company that has been contracted to supply ExxonMobil. Town Clerk, Sharon Harry-Munroe told reporters that despite the issuance of the ...

Read More »

Caribbean Vocational Qualification pilot in 11 secondary schools from September

The Caribbean Vocational Qualification (CVQ) will be piloted in 11 secondary schools starting in September to provide students with validation of skills, the Ministry of Education said Monday. The Ministry of Education is collaborating with the Caribbean Examination Council (CXC) on the implementation of the CVQ within the secondary schools identified, Canje Secondary, Aurora Secondary, New Bartica Secondary, Paramakatoi Secondary, ...

Read More »