Business

ExxonMobil, the American operator of the Liza Phase One well, has reduced oil production offshore Guyana by 90,000 barrels per day, putting output at a mere 30,000 barrels per day due to faulty equipment aboard by the Floating Production Storage and Offloading (FPSO) vessel, Liza Destiny. ” We have reduced production to a minimum level that mitigates formation of hydrates ...

In the wake of almost daily COVID-19 deaths. the Citizenship Initiative (TCI) political party is recommending increasing the curfew once again from 6 pm to 6 am and a total lockdown of non-essential activities. The TCI  also called for the broadening of the National COVID-19 Task Force to include all stakeholders. Government has so far vaccinated more than 60,000 persons ...

Mr. Justin Nedd would be stepping down from the post of Chief Executive Officer of the Guyana Telephone and Telegraph Company (GTT) from May 3, 2021, he announced Tuesday. He would be replaced by Mr. Damian Blackburn who said his  immediate priorities would be to “listen to our customers” and “deliver on the country’s goals”. He said he intends to ...

Prime  Minister of St. Vincent and the Grenadines, Dr. Ralph Gonsalves on Saturday said Guyana has promised to dispatch a ship-load of emergency relief supplies in the wake of the explosive eruption of the La Soufriere volcano Friday. “The President of Guyana has been in touch with me quite often. They (are) loading a ship to send a lot of ...

The Suriname-based Assuria Insurance company plans to construct an GYD$800 million five-storey main office in Georgetown, Managing Director Yogindra Arjune said Wednesday. Speaking at the symbolic turning of the sod on the plot of land at Church and Carmichael Streets, Georgetown, he said the five-storey modern building would be finished in 14 months. “We are here to stay and contribute ...

A speedboat captain and a sales representative, who were dining together at a West Bank Demerara Chinese restaurant, were Saturday night robbed of  more than GYD$3.5 million in cash, jewellery and other valuables, police said. Images of the men, who were masked, as well as the entire ordeal that lasted less than 10 minutes were captured by video surveillance cameras. ...

Minister of Labour, Joseph Hamilton said the inspection of offshore oil production and exploration facilities could start by year end after Occupational Safety and Health (OSH) inspectors receive specialised training and new related laws are passed. “What will guide me is the lifespan of the training. I would say by the end of the year, we should be in a ...

Two former Guyana Defence Force (GDF) Coast Guardsmen, who were convicted and sentenced to death for the murder of a Bartica-based goldminer in 2009, have filed an appeal on the grounds that the death penalty is unconstitutional. The Attorney General has since asked the Full Court of the High Court to intervene in the criminal appeals as they deal with ...

Guyana on Thursday announced that the scrap metal trade would be reopened from next week Thursday, Minister of Industry Oneidge Walrond announced on Thursday. She said exports would be allowed from authorised yards that must have 24 hours surveillance cameras. Ms. Walrond also said that no new application for scrap metal dealers/ exporters would be entertained until authorities get a ...

The Civil Defence Commission (CDC) has geared up the Guyana Defence Force (GDF) Coast Guard with GYD$50 million worth of equipment to respond to oil spills, and has urged that military corps to ascertain other needs in the areas of emergency response. The CDC said some of the essential requirements handed over on Wednesday include 24,000 feet of containment booms, ...