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Sixth major oil discovery offshore Guyana

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) announced Thursday positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. ...

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More government buildings to receive solar energy in 2018

The Guyana Energy Agency (GEA) will be spearheading the installation of solar power systems on 44 more government buildings this year, as part of the administration’s “green” economy thrust. Chief Executive Officer, Guyana Energy Authority, Mahender Sharma said 44 government buildings across the 10 regions of Guyana will have approximately 648 Kilowatts via grid-connected and energy storage solar photovoltaic (PV) ...

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DDL explores investment in sugar industry as Guysuco’s downsizing triggers molasses shortfall

Worried that government’s downsizing of the state-owned Guyana Sugar Corporation would have negatively impact on rum production, the privately-owned Demerara Distillers Limited (DDL) said it is considering investing in the sugar industry to keep molasses production afloat. “In light of this shortfall, DDL has been actively exploring its potential role in the future of the sugarcane industry, and has executed ...

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Guyana still exploring oil refining options

Guyana is still mulling where to refine its portion of oil to be extracted from a Liza well offshore, Minister of Natural Resources Raphael Trotman said. He said a Cabinet sub-committee was yet to decide on whether to take up an offer by Trinidad and Tobago to refine Guyana’s oil at the state-owned refinery, Petrotrin, or if Guyana will send ...

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ExxonMobil gets generous tax concessions; Guyana stands to earn US$7.5 billion in 20 years

ExxonMobil, along with its partners, that is preparing to begin commercial oil production in early 2020 at the Liza 1 Field offshore Guyana have been granted very generous tax concessions, even as both parties are touting the hefty earnings that the country will make in 20 years from one field alone. The 2016 Petroleum Agreement states that Esson Exploration and ...

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Updated: NCN’s CEO resigns after “unanimous” board dissatisfaction with his performance

The Chief Executive Officer of the National Communications Network (NCN), Lennox Cornette has resigned just over one year after his controversial appointment, sources confirmed. “Faced with the possibility of a non-renewal of his contract, he took the better decision,” sources said. His contract expires in April, 2018. Cornette’s last working day will be January 12 after which he will proceed ...

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Guyanese Microbiologist is 2018 Entrepreneur Laureate

The 2018’s Entrepreneur Laureate of the Caribbean is the local microbiologist and the Chief Executive Officer of the Eureka Medical Laboratories, William Andrew Boyle. The Entrepreneur Laureate Award forms part of the Anthony N. Sabga Caribbean Awards for Excellence (ANSCAFE).  The Sabga awards, which is now the English-speaking Caribbean’s leading recognition programme, was initiated by Anthony Sabga, founder and chairman of the ANSA ...

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Corriverton-based NGO launches after-school program with support from USAID’s Community, Family and Youth Resilience (CFYR) Program

GEORGETOWN – The United States Government is partnering with a community-based non-governmental organization (NGO) to continue its support to Guyanese youth. Family Awareness Consciousness & Togetherness (FACT), a Corriverton-based NGO, received a US $64,800 (GYD$13,353,000) grant from the United States Agency for International Development’s (USAID) Community, Family and Youth Resilience (CFYR) Program to carry out after-school activities in Corriverton. The ...

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Verdict pending in lawsuit over 2011 Guyana plane crash

HARTFORD, Conn. (AP) — A federal judge is considering whether an airline company should pay damages to a Connecticut woman injured in a plane crash in Guyana, South America, in 2011. Judge Michael Shea in Hartford presided over a non-jury trial this month in a lawsuit by Waterbury resident Indrawatie Shiwbodh against Caribbean Airlines. The judge is expected to rule ...

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Central govt to intervene to address Stabroek Market vendors’ concerns- Granger

President David Granger on Sunday signaled that central government would intervene to address concerns by vendors who have been displaced on the fringes of Stabroek Market, more than one year after they had been removed ahead of Guyana’s 50th Independence Anniversary. After several vendors outside the old Guyana National Cooperative Bank (GNCB) and the Guyana Fire Service told him that ...

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