Business

The Guyana government would be approving United Kingdom oil company, Tullow’s sale of 60 percent stake in the Orinduik Block to the Toronto-headquartered Eco Atlantic (Oil and Gas) Limited, Guyana’s Vice President Bharrat Jagdeo announced on Thursday. While Tullow had announced on August 11, 2023 that it was selling its share in the Orinduik Block for an estimated US$700,000, that ...

The United States (US) is on a multi-pronged push-back against China’s expanding financial footprint here and the rest of the Caribbean, outgoing United States Ambassador to Guyana Sarah-Ann Lynch said Thursday. “We’ve tripled the bilateral trade over the last few years so I think we are here we are strong, and we will remain here,” she told reporters at a ...

At least 100 striking sugar workers early Wednesday morning descended in front of the Guyana Agricultural and General Workers Union (GAWU), demanding that they be paid severance after the Rose Hall Estate had been closed, but the union maintained that the workers were merely transferred and never severed. “Because both Albion and Blairmont are within a 10-mile radius of Rose ...

The University of Guyana (UG) on Tuesday formally announced the establishment of a not-for-profit biodiversity research centre in the Essequibo River near the Mazaruni and Cuyuni rivers with an assurance by the British non-governmental organisation that the aim is not to export scientific information from the area. Co-founder of the Sophia Point Rainforest Research Institute, British parliamentarian David Lammy said ...

A teenage gold miner died Tuesday afternoon when a gold mining pit at Cowpen Backdam, Puruni River in Region Eight (Potaro-Siparuni) collapsed on him, police said. The victim has been identified as Anthony Richard of Parika, East Bank Essequibo. Police said the incident occurred at about 3:30 PM Tuesday. Investigators visited the scene at 7 PM Tuesday and were told ...

Former United Kingdom Prime Minister Tony Blair on Tuesday urged Developed Nations at the next United Nations Climate Change Conference to inject large amounts of financing to shift from fossil fuels to cleaner energy by poorer nations. “I hope that this COP (Conference of the Parties) comes up with a significant and improved framework whereby the Developed world realises its ...

The Chinese Landing community in Region One (Barima-Waini) appealed to the National Toshaos (NTC) Conference to support its demand for a permanent ban on gold mining by Wayne Vieira and all outside miners, removal of all guns by outside miners, and a resumption of mining by villagers, Chinese Landing Toshao, Orin Fernandes said Monday. “We call on the NTC to ...

President Irfaan Ali on Wednesday said government has taken a reasonable decision to hire workers on contract, in an apparent strong rebuke of an international trade unionist who advised against the employment of workers contractually. In her feature address to the opening of the 22nd delegates’ congress of the Guyana Agricultural and General Workers Union (GAWU), General Secretary of the ...

The Alliance For Change (AFC) on Wednesday insisted that the People’s Progressive Party Civic (PPPC) administration granted a second one-year extension due to COVID19 pandemic and failed to conduct an agreed quarterly review, but a top government oil sector policymaker rubbished the claim about an additional extension. “There is absolutely no extension,” the official told Demerara Waves Online News on ...

The ExxonMobil-led consortium of Esso Exploration and Production Guyana Limited (EEPGL) had been granted one-year extensions of its three prospecting licences in the Stabroek, Canje and Kaieteur offshore oil blocks during the latter months of the David Granger-led administration because of the COVID-19 virus, according to letters released on Tuesday by the Ministry of Natural Resources. The almost identical letters ...