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Oil & Gas

Guyana’s tourism sector forecasts big returns from Condé Nast Traveler’s listing

Tourism executives are banking on Guyana’s listing by Condé Nast Traveler, a premier travel magazine, as one of the top 20 places to visit next year to further boost the sector which has so far raked in more than GYD$60 billion dollars annually. Director-General of Tourism, Donald Sinclair told a domestic Regional Tourism Committee Forum that many of the ecotourism ...

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PPP’s Irfan Ali appeals to PNCR-led coalition supporters for a hearing

Presidential candidate for the People’s Progressive Party Civic (PPPC), Irfaan Ali on Friday appealed to non-traditional supporters to give him and his party a hearing and eventually cast their ballots for the party that last ruled Guyana for 23 unbroken years. In clear reference to Afro-Guyanese – that segment of the country’s population that has largely supported the People’s National ...

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Former Jamaica PM: Time for Guyana to change law for small companies to bid for gov’t contracts; no room for corruption

Former Jamaica Prime Minister, Portia Simpson-Miller Thursday night called on Guyana to put systems in place for small businesses to benefit from the expected economic boom. In an address to the Georgetown Chamber of Commerce and Industry’s (GCCI) awards ceremony, Mrs Simpson-Miller said allowing small businesses to participate in the economy and a transparent economic process should do well for ...

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OPINION: Queen Elizabeth fired her own son; nobody getting fired here

by GHK Lall “Step back from public duties for the foreseeable future.” That’s what His Royal Highness, Prince Andrew announced that he was going to do. In these politically disinfected and perfumed times, that’s the sweet syrupy version of what went down last week. I believe this royal rogue was “fired” by his mother. I really have little patience and ...

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ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses; gov’t crafting Guyana local content policy

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana. Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX 2019) at the Marriott Hotel in Georgetown, ExxonMobil’s Senior Vice ...

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Demerara Offshore launches with eyes on local content development

Demerara Distillers Limited (DDL), through its subsidiary Demerara Contractors and Engineering Limited (DCEL) and  Caribbean Welding Supplies Limited (CWSL) have established an oil and gas services joint venture, Demerara Offshore Incorporated. Demerara Offshore will be providing a wide range of services to the oil and gas sector that include the development of a world-class shore base facility, welding and fabrication, ...

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No place for lip-service against corruption, time for action -UG best graduating student

University of Guyana (UG) 2019 valedictorian, Shane Rampertab Saturday morning issued a stirring appeal for graduates to play a major role to fight corruption as the country prepares for the start of commercial oil production next month. Addressing the first of two graduation ceremonies at the Turkeyen Campus, he said his call for an end to corruption was in the ...

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Tullow shares fall most in 21 years on Guyana oil-quality concern

Reproduced from Bloomberg Tullow Oil Plc fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells in the South American country was found to be heavy, with a high sulfur content. That’s disappointing to shareholders ...

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