Business

Guyana’s  Court of Appeal has sent the Ramon Gaskin vs the Ministry of Natural Resources case back to the High Court for a Full Court hearing because it said it was hearing arguments that were never brought before Justice Holder. Gaskin is contending that Exxon’s partners in the Liza 1 project – Hess and Nexen – have no environmental permits ...

Reproduced from Trinidad Newsday newspaper Guyana and its eight oil finds can be a game changer for state-owned Petrotrin and TT, says National Gas Company (NGC) Chairman Gerry Brooks. He was speaking during a presentation at the Chamber of Industry and Commerce’s Business Outlook breakfast meeting held on Wednesday at the Chamber’s offices, Westmoorings. Brooks said Guyana’s eight finds equated ...

The Pan American Health Organisation/ World Health Organisation (PAHO/WHO) team assessing the claims of mercury exposure at GGMC has found no threatening levels of mercury at the complex. Last Saturday the WHO/PAHO team orally briefed the Ministers of Natural Resources, Raphael Trotman, and Public Health, Volda Lawrence, on their findings. “The team did say though they are not here to ...

When the original Management Committee of the Guyana Public Service Cooperative Credit Union (GPSCUU) was granted an interim order by the High Court on June 19, 2018, a number of payments, including a multi-million dollar pay-out to a lawyer, were made from the financial organisation’s coffers. Records seen by Demerara Waves Online News show that a prominent attorney-at-law signed a ...

Gil Holzman, President & Chief Executive Officer of Eco Atlantic Oil & Gas says the oil explorer is excited at the prospects of its Guyana offshore block based on recent seismic data and is confident French conglomerate Total will exercise an option to farm in to the concession. In January 2016, Eco Atlantic signed a Petroleum Agreement and is party ...

Japan is funding a US$17 million renewable energy project in Guyana that would see an improvement of the capital’s electricity generation system and the introduction of a solar energy system at the locally-based headquarters of the Caribbean Community (CARICOM). Foreign Affairs Minister, Carl Greenidge made the announcement at the signing of the agreement for the the introduction of renewable energy. ...

Government’s interim management committee on Wednesday took back control of the Guyana Public Service Cooperative Credit Union, after the High Court threw out previous orders. The original management committee, which has come under wide-ranging scrutiny for the way it has been running the affairs of the financial institution, had secured an  interim order to remove the government-appointed interim management committee. ...

Preparations are being stepped up for the October staging of a major Green Guyana Expo and International Business Summit to be co-hosted by several government ministries, State agencies and international organizations including the Inter American Development Bank (IDB), the World Wildlife Fund (WWF) and others. The two-day event to be held at the National Stadium, Providence is being organized to ...

As the Guyana government prepares to establish a Law Reform Commission, it has already hired support staff members and paying a rent totalling GY$2.6 million monthly, Attorney General and Minister of Legal Affairs Basil William said Monday. “The Law Reform Commission is in the final stages of readiness. Persons have been interviewed for the position of Commissioners. Some staff for ...

Opposition People’s Progressive Party (PPP) parliamentarian, Juan Edghill on Monday appeared far from perturbed about Finance Minister, Winston Jordan’s GY$200 million lawsuit for “malicious prosecution”, saying the case never reached the courts for a determination. “If I will lose the case? There is no case! If what you’ve reported that the Minister is suing me for malicious prosecution; the minister ...