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ExxonMobil was not entitled to CGX-like contract- Jagdeo; “We are not going back on it”- govt

The Guyana government on Thursday said definitively that it would not be revising the Production Sharing Agreement with ExxonMobil, the same day that Opposition Leader Bharrat Jagdeo questioned why government did not negotiate better contracts than those signed by former Presidents Janet Jagan and Donald Ramotar. The 2016 agreement between government and ExxonMobil contains a number of contentious clauses that ...

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Tullow/Eco (Atlantic) spot signs of more oil offshore Guyana

OFFSHORE OIL AND GAS MAGAZINE,-TORONTO – Tullow Oil and Eco (Atlantic) Oil & Gas have identified various leads on their Orinduik block offshore Guyana that could contain more than 1 Bboe. The leads are drawn from studies of several thousand kilometers of 2D data, regional well logs and seismic correlations to ExxonMobil’s nearby Stabroek block wells. Some of the leads appear to be equivalent ...

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Reserves up 12% in new Guyana Goldfields mine plan

RESOURCE WORLD:Guyana Goldfields Inc. has released the results of an optimized life-of-mine plan for its 100%-owned Aurora gold mine in Guyana, South America. Guyana Goldfields is a Canadian mid-tier gold producer, primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is the northern part of the Amazon Craton and ...

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Electrical contractor shot, robbed shortly after leaving bank

An electrical contractor of Enmore/Hope, East Coast Demerara, who was robbed and shot about 1 O’clock Wednesday afternoon at Foulis, East Coast Demerara, was hospitalised in a stable condition at a private medical institution in Georgetown. Well-placed sources said 38-year old Terry Chand was robbed of GY$600,000 An investigation has revealed that contractor had earlier cashed a cheque for a ...

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Guyana pushes ahead with single clearance system for exports, imports

Guyana is considering the Trinidad and Tobago model of the Electronic Single Window (ESW) to fast-track the processing of imports and exports instead of waiting days, under a project being facilitated by the Inter-American Development Bank (IDB). With financing from South Korea, the hemispheric bank on Wednesday brought together stakeholders from the Ministry of Foreign Affairs, Guyana Police Force, Guyana ...

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Govt to borrow GY$15 billion to fund operations of Skeldon, Enmore estates

Finance Minister Winston Jordan on Wednesday said the Guyana government is about to borrow GY$10-15 billion to fund the operations of the Skeldon and Enmore sugar estates, even as he defended the decision to separate the estates’ operations from the Guyana Sugar Corporation (Guysuco). The loans are expected to be acquired before mid-March, he said, adding that government hopes that ...

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Region Two REO instructs spending from wrong allocation- Regional Engineer

Even as Regional Executive Officer (REO) of Region Two (Pomeroon-Supenaam), Rupert Hopkinson dodged questions before the House Public Accounts Committee (PAC) about whether capital projects were being financed from funds allocated for current expenditure,  the Regional Engineer, Latchmin Singh testified that cash from the wrong source was being spent based on the REO’s instruction. PAC Chairman, Irfan Ali asked Guyana’s ...

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High school dropout destined for great things through determination

A 19-year-old high school dropout, Kendrick Andrew who got a new lease on life by securing a job as a tour guide for the Atta Lodge located in the Iwokrama Rainforest, is determined to develop himself academically regardless of his challenges. Andrew explained that familial issues led to him dropping out of school, however, that will not hinder him from ...

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