Business

The Chief Executive Officer of Suriname’s state-0wned oil company, Staatsolie, has been boasting that his country has clinched a far superior production sharing agreement with TotalEnergies compared to Guyana’s with ExxonMobil and its co-venturers. He said while Guyana has 2 percent royalty and 50 percent profit split and no taxes, Suriname’s agreement provides for 6.25 percent royalty, profit split based ...

A Guyanese-owned oil exploration company is among 27 companies that submitted bids to market Guyana’s crude entitlement from the three floating production, storage and offloading (FPSO) vessels in the Stabroek Block. The National Procurement and Tender Administration Board (NPTAB) officials did not announce the prices that were proposed and, instead, referred queries to the Permanent Secretary of the Ministry of ...

Guyana today signed a US$16 million contract with Bell Textron Inc. for the supply of two advanced rotary wing aircraft. This milestone agreement not only enhances the capabilities of the Guyana Defence Force (GDF) but also serves as a testament to the strong bilateral relationship between Guyana and the United States of America (U.S.A.). The signing ceremony highlights the commitment ...

The People’s National Congress Reform/A Partnership for National Unity’s (PNCR/APNU) 20-point plan, including to seek a revision of the Production Sharing Agreement (PSA) with ExxonMobil Guyana and obtain a parent company guarantee for an oil spill clean-up, has been lauded by United States-based commentator and professor, Terrence Richard Blackman. Dr Blackman, who is also an analyst on a range of ...

Leader of the Alliance For Change (AFC), Nigel Hughes on Sunday said if the People’s Progressive Party Civic (PPPC) loses next year’s general and regional elections, his party would push for independent forensic auditors to investigate suspected corruption and charge suspects if necessary. He told an AFC ‘bottom house’ meeting at Liverpool, East Berbice, Corentyne, in response to a question ...

In celebration of Education Month and Rotary International’s September theme, “Basic Education and Literacy”, the Rotary Club of Georgetown Central (RCGC) on Saturday said it launched several impactful initiatives to promote literacy and empower children and youth in local communities. Backpack Distribution: Equipping Students for Success Over 200 backpacks filled with school supplies were distributed to nursery, primary, and secondary ...

In a move towards addressing global hunger, President Mohamed Irfaan Ali released his latest book “Achieving Global Food Security: The Caribbean Experience and Beyond” at the Blavatnik School of Governments at the University of Oxford in England on Saturday, government’s Department of Public Information said. The book provides a holistic overview of the causes and challenges surrounding food security in ...

Just two days after government unequivocally committed to modern copyright legislation, two Guyanese musicians on Saturday formally asked Minister of Culture Charles Ramson for a meeting to discuss copyright reform. Jackie “Jackie Jaxx” Hanover and Ivan “D’Ivan” Harry, in their September 28, 2024 letter to the minister, said they also want to discuss other issues affecting the music industry in ...

The governing People’s Progressive Party (PPP) is concerned that it could lose support at next year’s general and regional elections as a result of the opposition’s repeated accusations of corruption, and so has opted to push back aggressively, party General Secretary Bharrat Jagdeo said Thursday. “We have to point out the differences and what steps we took to address corruption ...

Guyana on Friday assured the Caribbean Community (CARICOM) market that there is sufficient rice, and that shipments of the grain were on their way to Grenada, effectively pushing back plans by that island to ask the regional trade ministerial council for permission to buy rice from outside the region, officials said. “I would ask the Ministry of Trade to put ...