Business

IRVING, Texas – ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019. The Uaru discovery ...

Workers at the Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) have blocked the upper Berbice River to demand the reinstatement of 140 workers who were laid off from Thursday and the settlement of other grievances, their union said. At a meeting called by the Chief Labour Officer and BCGI, the union said it also advised that it would ...

President of the Tourism and Hospitality Association of Guyana (THAG), Mitra Ramkumar says the emerging oil and gas sector is boosting hotel occupancy, even as his organisation is preparing to give graduates of Carnegie School of Home Economics internship and job opportunities. Ramkumar, in an address to mark the reopening of Carnegie’s Hibiscus Restaurant for the new school term, noted ...

President David Granger on Wednesday took a sharp dig at the People’s Progressive Party (PPP) over the closure of sugar estates and laying off of thousands of workers. He was addressing the formal opening ceremony of the Diamond-Grove Magistrates Court, East Bank Demerara, which he said has been built to ease the caseload on the Providence Magistrates Court and serve ...

President David Granger Wednesday afternoon assured a visiting United States congressional delegation that the March 2 general and regional elections would be free and fair and that there would be no unrest. A government statement quoted the President as saying that the congressional team was assured that “there would be no disorder or lawlessness and could look forward to Guyana ...

The Guyana Power and Light Incorporated (GPL) has signed a contract with Giftland Mall for electricity to be supplied to the electricity company’s grid. Minister of Public Infrastructure David Patterson made the disclosure on the sidelines of the sod-turning ceremony for the construction of a solar project that is expected to power the CARICOM headquarters at Lilliendall. “The Power Purchase ...

The opposition People’s Progressive Party Civic (PPPC) on Saturday hammered the incumbent coalition’s failed 2015 elections promise to deliver GYD$9,000 for a bag of rice, even as it churned out promises to solve crime, poor internet access and other woes facing its Essequibo Coast stronghold. Claiming that at least 12,000 persons attended its election campaign rally at Anna Regina, Essequibo, ...

The first one million barrels of crude oil produced in Guyana is about to leave aboard a tanker for an ExxonMobil refinery where impurities and contaminants will be removed to set a standard for oil being produced from the Liza well located offshore, officials said. “There was also this great, big tanker that tonight (Friday)/tomorrow (Saturday) is going to load ...

The incumbent A Partnership for National Unity+Alliance For Change (APNU+AFC) Wednesday night promised to generate thousands of jobs in the construction of bridges and houses should it be reelected at the March 2, 2020 general elections. This was made known to about 200 party faithfuls by APNU+AFC’s Volda Lawrence at a public meeting held at Uitvlugt, West Coast Demerara. Lawrence ...

ExxonMobil has so far flared more than 1.2 billion cubic feet of natural gas since beginning commercial oil production on December 20, 2019 offshore Guyana, something at which this South American country’s environmental watchdog initially expressed surprise. The Environmental Protection Agency (EPA) Executive Director, Dr. Vincent Adams, asked to confirm what oil industry stakeholders have told News-Talk Radio Guyana 103.1 ...