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Daily Archives: December 20, 2017

Suspect arrested for gunning down of French Guiana-based Guyanese

Hours after a French Guiana-based Guyanese man was gunned down at Craig, East Bank Demerara, one of several suspects was arrested, the Guyana Police Force said. Lawmen nabbed he 21-year old man of 14th Avenue, Diamond, East Bank Demerara at about 2 PM. He is being questioned in connection with the murder of 42-year old Purcell Moore Jr. of First ...

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Company secures almost US$1 billion financing for oil production ship offshore Guyana

SBM Offshore on Wednesday confirmed the successful financing of its Floating, Production, Storage and Offloading FPSO Liza, totaling US$720million. The ship will be stationed offshore Guyana to produce, collect, store and offload crude oil from ExxonMobil’s fields to tankers that will take it to refineries. The company said the funds were secured through 12 international banks. SBM Offshore will draw ...

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ILO launches Skills for Green Jobs Study- Guyana

The International Labour Organization (ILO), in collaboration with the Ministry of Social Protection of Guyana, launched a comprehensive study report  titled “Skills for Green Jobs Study- Guyana”. The‘Skills for Green Jobs Study-Guyana’ highlights policies, programmes and emerging opportunities  in the green economy as Guyana sets it eyes on transitioning into a green economy.  The creation of more jobs, better jobs ...

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Fewer soft loans for oil-producing Guyana; growth rate may jump to 38.5 percent- IDB, IMF

The Inter-American Development Bank (IDB), in announcing its approval of Guyana’s four-year country strategy, has cautioned that the country would eventually not be eligible for a lot of international concessional financing when it becomes an oil-producer. “As Guyana transitions to oil and gas production by mid-2020, it is expected that the country will likely see reduced access to concessional resources ...

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