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Daily Archives: December 20, 2019

As oil production begins, Granger expects increased jobs, promises wise spending of oil money

President David Granger Friday night said he expected increased jobs and assured that oil revenues would be spent wisely, shortly after ExxonMobil announced that it earlier in the day began commercial oil production from the Liza field offshore Guyana. “The petroleum sector will stimulate increased employment and expand services,” he said in an address to the nation. He announced that ...

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ExxonMobil begins oil production in Guyana

IRVING, Texas – ExxonMobil Friday announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. Production for Liza Phase 1 to reach full capacity of 120,000 barrels of oil per day in the ...

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GMSA wants local sale of Guyana oil portion to lower electricity cost

The Guyana Manufacturers and Services Association (GMSA) recommends that the country’s entitled portion of refined oil be sold locally at a cheaper price in order to lower the cost of electricity especially to businesses. GMSA President, Clinton Williams noted that many of the “long-standing jeopardies” are closely linked to the high cost and unreliability of electricity, resulting in poor performance ...

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Policemen who allegedly beat, burn suspected teen burglar granted bail

The two policemen, who beat and burned a teenager who allegedly burgled their home, were Friday released on a total of GYD$800,000 bail. The police prosecutor, Inspector Matthew did not object to bail. Constables Daniel Bernard, 24, and Isaiah Bernard, 26, of La Parfaite Harmonie, West Bank Demerara pleaded not guilty to two joint charges when they appeared before Magistrate ...

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PPP vows to block oil company selected for 3 million barrels of ‘trial’ oil; Bynoe assures “zero tolerance policy on corruption”

General Secretary of the People’s Progressive Party, Bharrat Jagdeo on Thursday said if his party wins the March general elections, his government will block the company selected for a trial sale of Guyana’s first three million barrels of oil. “Now let me make it clear that any company that ties up an arrangement now, we have made a decision that ...

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