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

News

New oil production sharing agreement must allow govt to ask for renegotiation-lawyers

The 2016 Production Sharing Agreement (PSA) between the Guyana government and the ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL),  prevents government from asking for renegotiation of that accord without the company’s agreement, and although the company has the right to request renegotiation, it does not specify what should be the subject of those talks, according to two Guyanese ...

Read More »

Guyanese academic Gordon Rohlehr dies

Emeritus Professor at Trinidad’s St Augustine Campus of the University of the West Indies (UWI), Guyana-born Gordon Rohlehr has died, plunging the academic and arts community into mourning. He was 80 years old. Former UWI International Relations Professor, Mark Kirton reflected on the life of Dr Rohlehr. “I knew of his work and of his achievements as an alumnus of ...

Read More »

Prayers ease ‘spiritual’ attacks at St Ignatius Secondary School, Rupununi

Authorities in the Rupununi say that prayers by religious leaders appeared to have reduce the number of ‘spiritual’ attacks on students of St Ignatius Secondary School, and those who have been missing face-to-face classes are being assisted. A number of students have been affected the strange occurrence during the past six weeks. The issue was raised this past week by ...

Read More »

India-made aircraft for GDF can be certified without affecting Guyana’s global safety rating

Guyana could acquire and certify two India-made planes for the Guyana Defence Force (GDF) without jeopardising this country’s safety rating by the International Civil Aviation Organisation (ICAO), according to the Director-General of the Guyana Civil Aviation Organisation (ICAO), Retired Colonel Egbert Field. “Rating would not be affected,” he said. With President Irfaan Ali already eyeing the purchase of two Dornier-modelled ...

Read More »

Opposition Leader recommends measures to cushion rising cost of living; hefty salary increases will fuel inflation- Finance Minister

Opposition Leader Aubrey Norton on Friday recommended a “raft of measures” to ease the impact of high cost of living, on the final day of debate on the 2023 National Budget, but Finance Minister Ashni Singh cautioned against rapid wage and salary increases. They included vouchers for those in public transportation so that they can access lower gasoline prices, waiver ...

Read More »

Guyana’s House Speaker bans use of “corruption”, “incompetence”

The Speaker of Guyana’s National Assembly  Manzoor Nadir on Friday afternoon confirmed that the word “corruption” could no longer be used during debates in the 65-seat legislature. His confirmation came on enquiry from Opposition Leader Aubrey Norton after Shadow Finance Minister Volda Lawrence used “corruption” and was immediately asked to withdraw it. She obliged. But after Mr Norton asked whether ...

Read More »

Caribbean’s financial sector must match cash with needs, reduce risks- Ali tells Jamaica Stock Exchange conference

President Irfaan Ali on Thursday urged Caribbean financial institutions to partner with the rest of the world in mobilising the US$10 billion that the Caribbean Development Bank (CDB) estimates is required to address the region needs. “We know that this cannot be done from the savings in the region and, therefore, the challenge will have to involve partnership with others ...

Read More »

Ramjattan yields to Benn’s request to disavow burning of schools

Leader of the opposition Alliance For Change (AFC) Khemraj Ramjattan on Thursday took up Home Affairs Minister Robeson Benn’s call on the floor of the National Assembly to deny any responsibility for the burning of schools in Guyana. “I disavow all violence and destruction of schools. You could write it for me and I will certainly deliver it,” Mr Ramjattan ...

Read More »

Amaila Falls hydropower “was not killed by the opposition”- Patterson

Ten years after A Partnership for National Unity (APNU) and the Alliance For Change (AFC) first refused to unconditionally support the construction of the 165 megawatt Amaila Falls Hydroelectricity Power (AFHP) plant, that coalition said foreign consultants had advised the then People’s Progressive Party Civic administration against that that project. Opposition Shadow Public Works and Energy Minister David Patterson told ...

Read More »

Hess announces more oil discovered at Fangtooth

Hess, the 30 percent joint venture partner in the Stabroek Block, on Wednesday announced that there has  been a “significant new oil discovery” at Fangtooth SE-1, one year after the original Fangtooth-1 discovery. The company said the Fangtooth SE-1 well encountered approximately 200 feet of oil bearing sandstone reservoirs, adding to the Stabroek Block’s gross discovered recoverable resource estimate of ...

Read More »