Business

The production licence for the Payara oil field, which was signed on Thursday after a review of ExxonMobil’s field development plan, prohibits routine flaring but provides for more studies on the pros and cons of reinjecting produced water. In the document signed by representatives of Esso Exploration and Production Guyana Limited (EEPGL) and the Guyana government, the Petroleum Production Licence ...

Leader of the Alliance For Change (AFC), Khemraj Ramjattan on Wednesday said A Partnership for National Unity (APNU) councillors’ vote for one of their members to be the Vice Chairman of Region Four (Demerara-Mahaica) was a clear violation of a recently inked formal agreement between the two political organisations. He sharply debunked People’s National Congress Reform (PNCR) executive member, Dr. ...

IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field  offshore development in Guyana after receiving government approvals. Payara is the third project in  the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in  2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. ...

SEAF Caribbean SME Growth Fund has acquired a majority ownership interest in Camex Restaurants Inc. in Guyana, which will enable the fast food restaurant franchisee to push its growth and expansion plans. The transaction will be completed over the coming week. Camex Restaurants Inc. is Guyana’s largest restaurant operator boasting some 28 franchise/locations spread across Guyana with five, brands including ...

Several stores have been selling fake Samsung tablets to people who are eager to take advantage of Online teaching-learning devices, but the  Competition and Consumer Affairs Commission (CCAC) says consumers have been complaining that many of the devices cannot download apps. A CCAC spokeswoman said that regulatory agency has so far received 10 complaints and has so assisted four consumers ...

Chairman of the Caribbean Examinations Council (CXC), Sir Hilary Beckles on Monday acknowledged that some “issues” would have to be addressed quickly concerning the region-wide controversy over grades for the July 2020 examinations, but he again insisted that the regional examining body would only respond to requests for  reviews. “It was anticipated that given these specific challenges a period of ...

The cash-strapped regional airline, LIAT, which was forced to close operations in late June, 2020, owes Guyanese authorities more than GYD$80 million. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col. Egbert Field says LIAT owes his regulatory agency US$996,466.32- that’s almost GYD$21 million He says that amount is for landing and navigational charges. Mr. Field says GCAA ...

Government has decided to build the new Demerara Harbour Bridge from Nandy Park, East Bank Demerara to La Grange West Bank Demerara. Public Works Minister Juan Edghill says the Request for Expressions of Interest will be publicly advertised this weekend and the deadline will be in early December. President Irfaan Ali  Saturday afternoon led a team of engineers to locations ...

Government says  nurses are violating the law governing essential unrest by taking industrial  unrest to press demands for more COVID-19 frontline allowances and other benefits. President Irfaan Ali on Saturday dismissed arguments that government was wasting money on reopening sugar estates and buying new vehicles for himself and the Prime Minister. “There are some strong independent actors looking to exploit ...

Guyana is on the verge of signing an agreement with ExxonMobil for its Payara Development Plan that would provide for hefty fines for flaring and the dumping of untreated water back into the sea, Minister of Natural Resources Vickram Bharrat said Friday. He told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that the actual fines were still under discussion ...