Business

Hess Corporation, one of the co-venturers in the Stabroek Block, is keeping its eyes on Guyana as a low-cost supplier of oil, saying that global projections show that the world needs just under 50 percent oil and gas in an energy mix up  to another 30 years by when the cost of renewable energy is expected to fall. Chief Executive ...

Noble Corporation plc’s ultra-deepwater drillship Noble Tom Madden has received about 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana, Mercopress reported Wednesday.Ulr The Noble Tom Madden was previously contracted until mid-February 2024, and the additional term will extend the rig contract to mid-August 2030. According to the company, the rig ...

Investigators were Monday morning continuing their probe into the death of an 86-year old grocer whose body was found with her hands and feet tied in her bedroom at La Grange, West Bank Demerara, two hours after she credited eddoes to a farmer. Police believe that Bibi Ramjit of 63 La Grange Old Road, West Bank Demerara was killed between ...

The Marketing Manager of Continental Group of Companies was Friday robbed of GYD$244,000 by a man who opened fire on her as she was driving through West Ruimveldt, Georgetown on her way to work, police said. Romona Spencer, 41, of Buddy’s Scheme, West Bank Demerara, said she was on her way to her workplace at Industrial Site, Ruimveldt at about ...

A grocery and snackette at Anna Catherina Public Road, West Coast Demerara was raided of more than GYD$633,000 worth of items, but so far no one has been arrested, police said. The shopkeeper, 57-year old Nafiza Samtani of Hague Public Road, West Coast Demerara, believed that the break and enter and larceny occurred between 9:30 PM on Tuesday, October 20, ...

The Bank of Guyana on Tuesday announced that it is takings steps to relax the identification and home address requirements by commercial banks and other licenced financial institutions for persons to open and maintain accounts. “These measures which will confirm to the Financial Action Task Force Recommendations are intended to reduce the burden on individuals who had previously faced challenges ...

Firefighters Monday night saved a building on Middle Street, Georgetown that is owned by Nigel and Cathy Hughes and houses Midtown Restaurant, Bar and Hotel. Mr. Hughes, who was on the scene, confirmed that based on the evidence, someone attempted to destroy the building by fire. He said the fire was set in four rooms where the mattresses were braced ...

United States Assistant Secretary of State for Western Hemispheric Affairs, Michael Kozak said his country was not aware that Venezuelan gold was being smuggled to Guyana to help prop up the Nicolas Maduro administration, but that illegally mined metal from that Spanish-speaking nation was ending up in the Middle East. “In the case of other gold, though, it’s being illegally ...

Guyana and Suriname are yet to finalise several major issues, including jurisdiction, concerning the proposed Corentyne River bridge between the two neighbouring South American countries, Foreign Affairs Minister Hugh Todd said Friday. “We haven’t gotten to that aspect of it. What we are doing right now, we are focussing on the technical specs, we are looking at financing and we ...

Guyana Telephone and Telegraph (GTT) on Thursday announced that it would be improving its services over the next 18 months as part of an expansion plan. Customers should expect a steady stream of upgrades as the technology provider undertakes significant expansion in the next 18 months,” the company said in a statement to announce that Business customers would now get ...