Business

LONDON, Sept 11 (Reuters) – A prospect operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, its partner Eco Atlantic said on Tuesday, as the two firms prepare to drill in the Latin American oil basin. Guyana became one of the world’s most closely watched oil basins after Exxon Mobil discovered more than ...

The embattled General Manager of the Guyana National Newspapers Limited, Sherod Duncan was Tuesday sent on leave pending a probe into him spending more than GY$5 million in less than three months of his probationary period. Duncan confirmed the decision on his Facebook Profile. “I will be proceeding on Administrative Leave with immediate effect from the Guyana National Newspapers Limited ...

A knife-wielding man, who attempted to enter the home of a 66-year old woman at Uitvlugt, West Coast Demerara, was arrested and handed over to police, security and police said. The West Demerara Police Divisional Commander, Senior Superintendent Rishi Das told Demerara Waves Online News that the man seemed to be of unsound mind and police would be seeking a ...

Less than one day after the Finance Comptroller of the Guyana National Newspapers Limited (GNNL) was issued a dismissal letter by the General Manager,  a decision has been taken to rescind that correspondence, the Prime Minister’s Office said in a statement. The rescinding of the letter followed a high-level meeting at Prime Minister Moses Nagamootoo’s offices with General Manager Sherod ...

In the wake of the closure of Trinidad and Tobago’s state-owned oil refinery, Petrotrin, Guyana and several other Caribbean Community (CARICOM) member states are scrambling to buy fuel from extra-regional suppliers, Foreign Minister Carl Greenidge said Monday. “The Caribbean prime ministerial sub-committee looked at this matter and examined a couple of options that were available and they asked the relevant ...

The Finance Controller of the state-owned Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle newspaper, was Monday morning issued a dismissal letter. Morshmi Ramotar was given marching orders following a weekend disclosure of financial records showing that General Manager, Sherod Duncan has been responsible for expenses totalling GY$5 million. Her lawyer, Sanjeev Datadin confirmed that she was dismissed ...

A heady, distinctive fragrance drifts invitingly up to Louis Holder’s Liliendaal office. It’s the smell of coffee—but definitely not any ordinary kind. The invigorating smell comes from an exquisite brand of locally-produced ground coffee. Its rich aroma exemplifies its intriguing story, one that interweaves long forgotten history with a man’s love for his country and his determination to succeed. This ...

Guyana is about to drawn down US$20 million from the Islamic Development Bank (IsDB) to help finance “sustainable and stable supply” of electricity, marking the first time that this country will tap into US$900 million that have been made available by that financial institution, the Finance Ministry said. The Finance Ministry said the US$20 million would be used to by ...

The manager of a night club at West Coast Berbice has been let off the hook of Trafficking In Persons charges after the six Venezuelans denied they were victims and proved that they were in Guyana legally, police said. However, she is expected to face charges for allegedly assaulting a peace officer and sale of smuggled liquor. Guyana Police Force ...

Guyana’s plans to establish a law school have hit a major snag with the Caribbean Council of Legal Education (CLE) saying its treaty does not provide for countries or private entities to build and operate law schools,  a hurdle Attorney General Basil Williams said was raised for the first time at this weekend’s Council meeting. “At the moment, I don’t ...