Business

ExxonMobil on Sunday announced that its Floating Production, Storage and Offloading (FPSO) vessel offshore Guyana has reached full production capacity of 120,000 barrels and the company had significantly reduced flaring of natural gas with the commissioning of its gas injection system. “Earlier this month, the Liza Destiny floating production storage and offloading (FPSO) vessel reached full capacity of 120,000 barrels ...

Minister of Tourism, Industry and Commerce, Oneidge Walrond has lauded the Guyana Telephone and Telegraph Company (GTT) for opening two news stores and creating jobs for communities in which they are operating, saying it is a sign of confidence in the economy. Minister Walrond, who commissioned the stores at Parika, East Bank Essequibo and Grove, East Bank Demerara, noted that ...

Residents and businesses in the north-western Guyanese town of Mabaruma now have 24 hours electricity supply, with the installation of a new generator, government said. Public Works Minister Juan Edghill said the cost of the new generator is GYD$9.9 million. The generator was installed at the Mabaruma Power station in Region One (Barima-Waini). Public Works Minister, Juan Edghill said he ...

Attorney-at-Law, Nigel Hughes on Monday cited the need for scientific evidence about racial discrimination and economic disempowerment, to a meaningful National Conversation on Race and Ethnic Relations. Speaking during day-1 of the  two-day virtual event, Mr. Hughes said was needed to back-up certain statements in areas such as wealth and income distribution based on race. He said such data would ...

The Caribbean Development Bank (CDB) on Friday announced that it has approved funding for the upgrading of 121 kilometres of road from the town of Linden to Mabura Hill, improving connectivity between Guyana’s hinterland and the coastal cities. The project is the first phase of a wider plan to develop a transportation corridor from Georgetown, the capital city, to Lethem ...

Guyana will continue to need budget support from the European Union (EU), despite the fact that the country is now an oil producer, Finance Minister Dr. Ashni Singh said Thursday. “You refer to our imminent oil revenue and I will say that oil revenue notwithstanding, we intend to work very hard to qualify for every single Euro of budget support ...

The Chairman of the Guyana National Broadcasting Authority (GNBA), Attorney-at-Law Glenn Hanoman and Minister responsible for media, Kwame Mc Coy see no need for the removal of New York-based Guyanese broadcaster, Robert Mohammed from the local regulatory authority, although he had been cited by the United States (US) Federal Communications Commission for allegedly broadcasting without a licence. For his part, ...

Guyana is among several Caribbean countries that were Monday affected by a region-wide Internet outage due to a damaged submarine fibre-optic cable,  telecommunication providers said. The Guyana Telephone and Telegraph Company (GTT) said some of its customers might experience some service disruption. but virtually ruled out a major impact to Guyanese subscribers. “Due to our significant investments in building the ...

Bharat Dindyal on Monday returned to the Guyana Power and Light (GPL) as its Chief Executive Officer (CEO) once again, the power company said in a statement. He takes over from Jamaican Albert Gordon who had been appointed under the then A Partnership for National Unity+Alliance For Change (APNU+AFC) administration. GPL said the appointment of Mr. Dindyal forms part of ...

Canada believes that sister-Caribbean Community (CARICOM) member-states and the Americas will have to be Guyana’s major and immediate source of skilled persons to fill the much-needed gap to help forge ahead with its expected oil-driven growth. Outgoing Canadian High Commissioner to Guyana, Lilian Chatterjee said Guyana evidently does not have a large population or required skilled persons to take advantage ...