Business

Giftland Group and the Guyana Police Force are at odds over accusations by that company that it is being unfairly targeted by police in the enforcement of the COVID-19 curfew. Chairman of the Giftland Group, Roy Beepat said the latest instance was on Saturday night when three staff members- one each from the three mall restaurants- were arrested after the ...

The Iwokrama International Centre for Rainforest Conservation has again begun strictly enforcing the laws against gold mining in the almost 1 million acre reserve, after a lull due to the COVID-19 pandemic. “Iwokrama Management is continuing its zero-tolerance approach to these activities, especially gold mining and other illegal activities,” the organisation said. In keeping with the mandate of Iwokrama, the ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) wants the National Assembly to approve a motion for future oil and gas shorebases to be State-owned and that they be located in Berbice and Essequibo. “Be it further resolved that the Government inform ExxonMobil and all other Oil and Gas operators that all future shore bases shall be state ...

President Irfaan Ali on Thursday said A Partnership for National Unity+Alliance For Change’s  (APNU+AFC) could offer political support to jointly address issues concerning the oil and gas sector at the parliamentary level. At the same time,  Dr. Ali  again rebuffed calls by Opposition Leader Joseph Harmon for consultations, saying that he would only meet if the former Minister of State ...

ExxonMobil on Thursday said the repaired flash gas compressor is due back shortly from Germany and would bring an end to weeks of flaring of large quantities of natural gas and at the same time that equipment would be used as a model for a new and upgraded version. “We will utilise these upgrades that we’ve made, install  the machine, ...

The Bank of Guyana, which regulates most local financial institutions, has frowned said Trinidad First Citizens Bank has not applied for a banking licence in Guyana although it has agreed to buy Scotiabank’s operations. “FCB does not have a licence to operate in Guyana. FCB has not submitted an application,” the Bank of Guyana said in a statement. The Central ...

The Bulletwoood-1 well, the first on the Canje Block, has come up dry, one of the minor stakeholders has announced. Westmount Energy Limited reports that its investee company, JHIA Associates, confirms that oil was not found in commercial quantities. “The well encountered quality reservoirs but non-commercial hydrocarbons,” Investegate reported. ExxonMobil started exploratory drilling in January Bulletwood-1 was the first of ...

The US$9.5 million Bell412Epi helicopter that Guyana purchased late last year is due to arrive on Saturday, Minister of Governance and Parliamentary Affairs Gail Teixeira said Tuesday. “The Bell helicopter that we had in the supplementary last year will be arriving on Saturday in Guyana,” she said. She made the disclosure while responding to questions by Opposition Leader Joseph Harmon ...

News- Talk Radio Guyana 103.1 FM today acquired the rights to broadcast the radio commentary of all the cricket matches to be played by Sri Lanka and  West Indies. The less than five-year old radio station welcomed the opportunity to be part of the game that has singularly united Caribbean peoples for centuries. “We have entered the radio commentary scene ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) on Friday pledged critical political support to confront ExxonMobil on key issues facing the oil and gas sector. Contributing to the 2021 National Budget debate, APNU+AFC frontbencher, David Patterson publicly pledged political support to the governing People’s Progressive Party Civic in get the best from the burgeoning sector. “We are ...