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Business

ExxonMobil concession should remain “intact” for strategic border security reasons

Guyana is not eager for ExxonMobil to relinquish any of the 60 blocks on the offshore concession that extends to the borders with Venezuela and Suriname, Natural Resources Minister Raphael Trotman. He said the ExxonMobil block should “remain intact” as it had been granted in 1999 because “we believe that the circumstances have not diminished”. Contradicting critics that the handing ...

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Unemployed man arraigned for the murder of Mahaica village vendor

An unemployed man was Thursday arraigned for the alleged murder of a Mahaica vendor at his home. Indicted for the offence is 30-year old Malcolm Brown of Belmonte, Mahaica, East Coast Demerara. He is accused of the murder of 34-year old Fareez Yassem of the same village. Police accused Brown of the stabbing death of the vendor while attempting to ...

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Ashni Singh, Brassington in High Court challenge of legality of criminal charges

Former Finance Minister Dr. Ashni Singh and former Head of the National Industrial and Commercial Investments Limited (NICIL), Winston Brassington have asked the High Court to throw out charges of misconduct in public office because there is no legal basis. “The common law offence of misconduct in public office cannot be committed where the servant in question is specifically excluded from ...

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Bandits enter shop through roof, beat and rob businessman, wife

Bandits, armed with guns, cut open a grocery roof and eventually entered the home of the businessman and his wife who were beaten and robbed of cash and other items, police sources said. The victims are Naresh Persaud and his wife of Recht-door-Zee, West Bank Demerara. Sources explained that after robbers entered the grocery through the roof to cart off items, ...

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“No kick-backs” from multi-million dollar out-of-court settlements

Attorney General and Minister of Legal Affairs, Basil Williams on Wednesday rejected accusations by Opposition Leader, Bharrat Jagdeo that kick-backs appeared to be part of several multi-million dollar settlements of court cases that the coalition government inherited. “There is nobody who could take kick-backs and all of that. Not in our government because the matter has to be dealt with ...

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World Bank selected as “one agency” to prepare Guyana for oil production, natural gas use

A World Bank- funded energy sector unit in the Ministry of Finance is expected to lay the groundwork for a number of major projects including piping natural gas from an offshore ExxonMobil oil well to the Guyana Power and Light for electricity generation, Natural Resources Minister Raphael Trotman said Tuesday. He made the disclosure shortly after holding talks with World ...

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Petroleum Commission Bill for World Bank-guided overhaul

Guyana’s proposed Petroleum Commission legislation might be further revised or replaced altogether following more expert recommendations under the auspices of a World Bank-funded project, Minister of Natural Resources Raphael Trotman said Tuesday. It is now one year since the Petroleum Commission Bill was tabled in the 65-seat National Assembly, and Trotman said since then the World Bank has asked Guyana ...

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Guyana’s Standards Bureau to craft oil and gas sector safety certification programme

The Guyana National Bureau of Standards (GNBS), in collaboration with the Energy Chamber of Trinidad and Tobago, will be engaging with oil operators and potential contractors to develop a Safe To Work (STOW) certification programme for the oil and gas sector. According to GNBS Director, Candelle Walcott-Bostwick the team from the Energy Chamber will visit in June to share their ...

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Is anyone offering to surrender State assets? “These are matters under consideration”- SARA Chief

Former government officials, who have stolen State assets, can strike a deal to return those properties but, the Director of the State Assets Recovery Agency (SARA), Professor Clive Thomas on Monday stopped short of saying if anyone has offered to return assets voluntarily. Noting that under the State Assets Recovery Act empowers the Director could exercise his discretion to seek ...

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