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Guyana govt hires Aussie-born Oil and Gas Adviser

Mr. Matthew Wilks, an experienced senior oil and gas business developer and negotiator, has been appointed Oil and Gas Adviser in the Ministry of the Presidency’s Department of Energy, government announced on Tuesday. Mr. Wilks has 32 years of experience in the global oil and gas industry, spanning all segments of the energy value chain including exploration and production, liquid natural ...

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Teachers’ salary increase demands “unrealistic”; 10% percent per year plus non-salary benefits more realistic

Even as government-employed teachers were Monday due to embark on an indefinite strike for increased salaries, Economics Professor Tarron Khemraj believes the 40 percent demand is too exorbitant and the educators should settle for 10 percent pay hike due to the state of the economy. “The salary demands of the teachers’ union are obviously unrealistic at this time, but non-salary ...

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Guyana Goldfields lays off almost 100 workers to cut costs

Guyana Goldfields is laying off  more than 80 workers at its Aurora Gold Mines operations in western Guyana, after the company decided to focus on existing gold bearing properties instead of searching for new deposits, a senior company official said Sunday. Country Manager for Guyana Goldfields, Violet Smith said those being laid off include all the mainly foreign geologists and ...

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Pressure mounts on govt to give direct cash transfer of oil revenues to poor; ACDA says stop granting more oil concessions to foreign companies

Pressure on Friday intensified on the David Granger-led administration to give conditional direct cash transfers of some oil earn revenues to very poor Guyanese, against the background of him already dismissing the idea because there is no evidence. The African Cultural and Development Association (ACDA), widely believed to be somewhat sympathetic to  Granger’s People’s National Congress Reform (PNCR) political party, ...

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‘Guyana Airways Corp. Inc.’ plans to take legal action over use of name

Legal action is likely to be taken against government for removing the privately-owned Guyana Airways Corporation Inc. (GAC) from the Companies Register two years after the entity was duly registered because the name is identical to two previous companies. “Every entity had an opportunity to object to the name, Guyana Airways Corporation Inc; within that six-month period after we received ...

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Guyana will not nationalise American companies: US- Guyana relations of “high geo-strategic value”- Raphael Trotman

Guyana will not take over American companies, Minister of Natural Resources Raphael Trotman has told several United States (US) Congressmen who wrapped up a one-day visit here on Thursday. In clear reference to criticisms from some quarters about Guyana’s  granting of a huge offshore concession to ExxonMobil and a Production Sharing Agreement with that American oil giant, Trotman on Wednesday ...

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GTT employees record high mercury levels; Public Health Ministry to meet with company

The Guyana Telephone and Telegraph Company (GTT), whose headquarters are located near the old Guyana Gold Board (GGB) location,  says an undisclosed number of its employees have been tested with high levels of mercury,  a problem that the Ministry of Public Health has since been called in to address. In correspondence seen by Demerara Waves Online News, Natural Resources Minister ...

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Telecoms liberalisation in govt’s court- GTT’s CEO ; US$5 million set aside for tax dispute

The Guyana Telephone and Telegraph (GT&T) on Tuesday said it was ready to end its contractual monopoly on international voice and data, a move it hoped would end the discriminatory corporate tax law that sees it paying 45 percent and competitors 17.5 percent less. “What liberalisation will do, in my belief, is level the playing field where we all either ...

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Update 2: PNCR ‘special committee’ to further consider renaming airport Burnham-Jagan Timehri International

A motion at the People’s National Congress Reform’s Congress to rename the Cheddi Jagan International Airport to also honour that party’s founder-leader, Forbes Burnham, and Amerindians has been referred to a special committee, party sources said. The party official explained that the decision to dispatch it to party committee was because of the implications and the need to seek technical ...

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