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Business

Liza 1 oil output to increase after installation of new flash gas compressor- Hess

The ExxonMobil-led consortium is expected to increase its production from the Liza-1 well after a new flash-gas compressor system is installed during the last quarter of this year, even as the co-venturers prepare to drill more exploration wells in the coming months, Hess Corporation announced on Wednesday. Hess, which  has a 30 percent stake in the Esso Exploration and Production ...

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Roraima Airways plane damaged in incident on interior airstrip

A Britten-Norman Islander plane was Wednesday afternoon  damaged in an incident on the Aricheng runway in Region Seven (Cuyuni-Mazaruni), officials said. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col, Egbert Field said the plane belonging to Roraima Airways was involved in a runway excursion during take off at about 4:15 PM. He said no one was injured ...

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Latest discovery increases Guyana’s oil reserves to over 9 billion barrels

ExxonMobil  on  Wednesday said it made a discovery at Whiptail in the Stabroek Block offshore Guyana, pushing this country’s resource estimate pass the current amount of 9 billion barrels of oil equivalent. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has ...

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Diaspora stakeholder complains to President about slothfulness, discourtesy on investment webinars

Two months after Guyana’s inaugural Diaspora conference, one of the stakeholders has complained bitterly to President Irfaan Ali about the last minute cancellation of a series of  investment webinars that should have started earlier this month. In a letter to Dr. Ali, the President United Guyanese Diaspora Global Network Corp (UGDGN), Wayne Forde said the attitude following the May 22, ...

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Investors invited to kickstart Amaila Falls Hydropower station project

Projecting that he Guyana Power and Light (GPL) will require at least 465 megawatts of electricity by 2025, the Guyana government has taken steps to revive plans to construct the Amaila Falls Hydropower station. The Prime Minister’s office has issued a request for proposals, stating that government hopes that construction of the hydropower station will begin in 2022 and will ...

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Guyanese businesswomen to benefit from IDB-funded project

Guyanese women are to benefit from an Inter-American Development Bank (IDB)-funded project aimed at boosting their entrepreneurial skills, the Western Hemispheric bank said Saturday. In Guyana, the IDB Group will collaborate with the Women’s Chamber of Commerce and Industry Guyana (WCCIG) to coordinate and implement We3A activities, working closely with the other executing partners especially Thunderbird School of Global Management ...

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Battered body of fuel tanker driver found in vehicle by owner

The driver of a fuel tanker truck was early Saturday morning found dead in the driver’s seat on the Tuschen Public Road, East Bank Essequibo. Police also say his belongings have been found in a nearby market stall. He has been identified as 31-year old Laurel Samaroo of Tuschen New Scheme.  Investigators say they were summoned to the fuel tanker ...

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Clerk robbed of GYD$2 million while waiting to pay wages

A woman was robbed of $2 million just outside a location where she had gone to pay workers their wages. The incident occurred late Friday afternoon at Cane View, South Ruimveldt, Georgetown. The woman, who is a clerk, told police that she was robbed by six men who rode up next to her on three XR motorcycles. She says two ...

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Chief-of-Staff, President defend compulsory vaccination of soldiers

The Chief-of-Staff of the Guyana Defence Force (GDF), Brigadier Godfrey Bess and President Irfaan Ali on Thursday defended a decision to order the compulsory vaccination of soldiers. “We have a responsibility to ensure that our soldiers are fit to defend this country at all costs. There is a saying in GDF and our soldiers know that once you join the ...

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