Internet Radio

Business

Region 8 gets facility to add value to gemstones

Region 8 (Potaro-Siparuni) now has its own lapidary to produce attractive value-added gems giving residents of Monkey Mountain and its environs another opportunity to earn much-needed cash. The GYD$16 million facility, which was funded by the Government of Guyana and constructed by the residents, includes a 30 feet by 20 feet concrete building, the purchasing of modern technical lapidary equipment ...

Read More »

Early first oil depends on weather; several more exploratory wells to be drilled -ExxonMobil

The start of commercial oil production offshore Guyana in December depends on weather conditions, the ExxonMobil’s Vice President and Secretary, Neil Hansen said on Friday. “The target for achieving first oil is December, dependent on favourable weather conditions,” he told a webcast on ExxonMobil’s third-quarter 2019 financial and operating results. “This will place start-up within five years of initial discovery, ...

Read More »

Commercial oil production begins offshore Guyana in December, 2019

Hess Corporation, one of the partners in the ExxonMobil-controlled oil operations offshore Guyana, says commercial oil production will begin in December 2019. “In September, we announced our 14th discovery in the Stabroek Block at Tripletail, offshore Guyana and are now targeting December for first oil from the Liza-1 development,” Chief Executive Officer of Hess Corporation, John Hess was quoted as ...

Read More »

Change Guyana political party vows to renegotiate oil contracts

The newly-formed Change Guyana (CG) political party on Tuesday vowed to renegotiate all existing contracts with oil companies to get higher royalties and suspend the award of new concessions pending those talks. Addressing CG’s launch at the Pegasus Hotel, prime ministerial candidate, Nigel Hinds made known his party’s position on the issue at a time when there is lingering debate ...

Read More »

Eight charged in connection with gold miner murder

Eight persons, including a medical doctor, were Tuesday charged with the gunning down of well-known gold miner, Deon Stoll. They were not required to plea to the indictable offence, and were refused bail and remanded to prison. Chief Magistrate Ann McLennan ordered them to return to court on November 15. Four of the men – Shane “Demon” Morgan also known ...

Read More »

Fire destroys Guinness Bar

The popular entertainment and food court, Guinness Bar, in Lodge, Georgetown, was gutted by fire, leaving millions of dollars in losses and several persons jobless, business representatives said. News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News was told that all of the stocks and furniture were destroyed. Representatives estimate the losses at GYD$15 million. Representatives of the entity believed that ...

Read More »

Buxton reviving agriculture on 180 acres of cleared land

Efforts are continuing to revive agriculture in Buxton, with the clearance of at least 180 acres of land aback the village and the improvement of drainage, officials said Sunday. An update on the project was provided at the first Economic Development and Health Seminar that was organized by the Buxton-Friendship Museum, Archives and Culture Centre and the Young Visionaries. Village ...

Read More »

Stop politically-inspired legal interpretations -Attorney Nigel Hughes

Oil industry lawyer, Nigel Hughes is warning that political interpretations of the Caribbean Court of Justice’s (CCJ) judgements on the no-confidence motion are sending bad signals to investors. “We are now at the advent in the unfolding oil and gas era in which the interpretations of orders of court on matters of political importance are likely to be subject to ...

Read More »

GPL submarine cable back in operation

The Guyana Power and Light Incorporated (GPL) on Saturday announced that its 69,000 volt (69kV) submarine cable is back in operation following the successful completion of remedial works. The power company says following its return to operation, approximately 14 megawatts (MW) of power is being supplied to the eastern section of the Demerara-Berbice Interconnected System (DBIS). The submarine cable which ...

Read More »

Guyana’s businesses must demand more local content -Trinidad’s former energy minister

Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine agrees that Guyana’s business community should demand that foreign oil and gas industry companies buy more goods and services locally, but at the same time he sees a role for partnerships between Guyanese and Trinidadian companies. Speaking with local media representatives on Thursday via Skype, Ramnarine said if international oil companies are ...

Read More »