Business

Oil industry lawyer, Nigel Hughes is warning that political interpretations of the Caribbean Court of Justice’s (CCJ) judgements on the no-confidence motion are sending bad signals to investors. “We are now at the advent in the unfolding oil and gas era in which the interpretations of orders of court on matters of political importance are likely to be subject to ...

The Guyana Power and Light Incorporated (GPL) on Saturday announced that its 69,000 volt (69kV) submarine cable is back in operation following the successful completion of remedial works. The power company says following its return to operation, approximately 14 megawatts (MW) of power is being supplied to the eastern section of the Demerara-Berbice Interconnected System (DBIS). The submarine cable which ...

Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine agrees that Guyana’s business community should demand that foreign oil and gas industry companies buy more goods and services locally, but at the same time he sees a role for partnerships between Guyanese and Trinidadian companies. Speaking with local media representatives on Thursday via Skype, Ramnarine said if international oil companies are ...

Former Guyana government minister, Robert Persaud on Tuesday called for the 15-nation Caribbean Community (Caricom) Single Market and Economy (CSME) to be revisited. “The time has come for us to revisit the Treaty of Chaguaramas. The time has come for us to redefine what do we want, mean of want out of Caricom and, Guyana, we must start that conversation ...

Police say Delon ‘Demon’ Morgan, who is wanted in connection with the murder of gold miner, Deon Stoll, was nabbed early Tuesday morning. A Guyana Police Force spokesman said Morgan was arrested at a road block on the Cove and John Public Road, East Coast Demerara at 5:45 a.m. Stoll was gunned down while staving off a robbery by two ...

The townships of Bartica and Mahdia in Region 8 and Lethem, Region 9 will benefit from an overall of 3.15-megawatt solar-powered mini-grids system totalling $1.7 billion (US$8.6 million). The project is being funded by the Inter-American Development Bank (IDB) and the Guyana Energy Agency (GEA). The 1.5-megawatt solar photovoltaic power plant at Bartica will benefit 15,000 residents in Bartica, while ...

Head of Petroleum at the Georgetown Chamber of Commerce and Industry, Attorney-at-Law Charles Ramson is flaying President David Granger for being virtually silent on key issues in the oil and gas sector. Mr Ramson, who holds a master of science in Oil and Gas Enterprise Management from the United Kingdom’s University of Abeerdeen, describes the establishment of the Department of ...

Two men are wanted for the gunning down of well-known Guyanese gold miner, Deon Stoll, during an attempted robbery, police said. They are 33-year old Delon ‘Demon’ Morgan also known as Shane Morgan and Lennox Estwick of 640 South Amelia’s Ward, Linden. Investigators want to question them about the murder of Stoll on October 14 outside El Dorado Gold Trading, ...

University of Guyana (UG) students will now benefit from a much-needed enhancement to their travel arrangements in light of robberies in the Turkeyen-Cummings Lodge area, following discussions between the UG Student Society’s (UGSS) newly-elected President, Jafar Gibbons and bus operators. One day after his swearing in, Mr Jafar and two other faculty representatives, Kimalie George and Desmond Kissoon, met with ...

Key Alliance For Change (AFC) financier, Robert Badal has broken away from that party, and is teaming up with well-known chartered accountant, Nigel Hinds to form a new political party. Mr Badal tried desperately not to confirm a report Friday night by the privately-owned Stabroek News newspaper that he is going to be at the helm of a new political ...