https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Business

PNCR prefers shipping rather than piping of natural gas

The People’s National Congress Reform (PNCR) on Tuesday argued against government building a more than US$1 billion natural gas pipeline, and instead suggested that the gas be shipped to shore or other markets. PNCR Central Executive Member, Retired Rear Admiral Gary Best declined to provide details to justify his party’s preference for shipping, instead saying that would be done before ...

Read More »

Search team finds fishing gear of sunken trawler

A search, rescue and recovery team on Monday spotted the net of the trawler that capsized in the Atlantic sea early Sunday morning, resulting in the disappearance of three fishermen, Public Works Minister II Deodat Indar said. “They saw the net floating in the general area where the trawler sank,” he told News-Talk Radio Guyana 103.1 FM/ Demerara Waves Online ...

Read More »

Communication breakdown led to slow emergency response to trawler mishap

As families await word about the disappearance of three fishermen after a seabob trawler sank off the coast of Mahaicony early Saturday morning, officials on Monday said emergency response was hampered by the late delivery of information to authorities. “Our understanding is that there was no information passed on to the Lighthouse or MARAD (Maritime Administration) at the time of ...

Read More »

Search and Rescue centre activated to search for missing fishermen; thorough probe launched

A search has been launched for several fishermen who have gone missing and are feared dead after the trawler they were working on capsized. Those missing and feared dead are Harold Damon, Winston Sam and Ronald Burton. The lone survivor is Vincent Dazzell who claimed that he was rescued by fishermen and given a bus fare to Georgetown. He has ...

Read More »

East Coast wind-solar farm electricity project to start this year

A more than 2o-year-old idea to generate electricity from wind for consumption by Guyanese could this year move to the installation of six turbines at Hope Beach and Chapman’s Grove, East Coast Demerara and their output would be supplemented with solar energy during periods of less wind, an official said. Project General Manager for the Hope Energy Development Project, Johan ...

Read More »

Amaila Falls hydropower project to be built, operated under tight rules- Brassington

The US$700-million dollar Amaila Falls hydropower station is to be built and operated under strict contractual and regulatory rules but no costs were provided for associated contracts, according to Project Leader Winston Brassington. “Like any large project, there is a lot of risk in these projects but most of these risks have been put to the developer,” adding that they ...

Read More »

Seamen feared dead after trawler sinks at sea

At least three seamen are feared dead after the trawler they were working on went down in the Atlantic sea off the coast of Guyana, one of the seamen’s wives said Sunday. Among those believed to have perished is 44-year old Harold Anthony Damon of Agricola, Greater Georgetown. Mrs. Tonszadel Beckles-Damon told Demerara Waves Online News/ News-Talk Radio Guyana 103.1 ...

Read More »

Guyanese-Trinidadian joint venture focussing on agriculture exports

A joint venture logistics company between Roraima Airways and the Trinidad-headquartered RAMPS Logistics have teamed up to form the majority Guyanese-owned Arapaima Logistics which has already sealed a deal to ship 10,000 coconuts to the United States (US), officials said Saturday. “It is one of our mandates to engage the agriculture sector. And let’s start bringing the agricultural products from ...

Read More »

Frontera investing over US$100 million in further Corentyne Block oil exploration

The Canadian company, Frontera, the major partner in the joint venture with CGX Energy, late Wednesday night announced that it would be spending more than US$100 million on the drilling of a second exploration well in the Corentyne Block. “Frontera and CGX anticipate spending $110-$130 million on Guyana exploration primarily to drill Wei-1, our second high impact exploration well in ...

Read More »

Gas-to-shore project won’t immediately produce value-added products

The more than US$1 billion gas-to-shore project would not immediately produce ammonia and urea because the amount of available gas would be just sufficient to power the electricity generation plant that would be built at Wales, West Bank Demerara, the Ministry of Natural Resources said. ‘There is no commitment yet from Exxon to bring additional gas at this point in ...

Read More »