Business

ExxonMobil’s Centre for Local Business Development (CLBD) on Wednesday announced that several other Guyanese companies in the oil and gas sector have begun taking steps to achieve internationally recognised quality management and assurance standards. The announcement was made at the unveiling of International Standards Organisation (ISO9001:2015) standard for Guysons Engineering, the first Guyanese company to have acquired such a standard ...

Law Enforcement and Investigation Division (LEID) officers of the Guyana Revenue Authority (GRA) seized 80,000 litres (17,597 gallons) of diesel aboard a fishing vessel that was converted to  ship fuel, the agency said. “The officers conducted a rummage of the vessel and it was discovered that even though the intended use of the vessel was listed as “fishing purposes”, the ...

The Guyana government has begun what could turn out to be  a major crackdown on mining practices that have been causing mining pits to cave in and killing miners, the Ministry of Natural Resources indicated. The Ministry of  Natural Resources Ministry said its Compliance Division’s Corp of Wardens, and the Guyana Geology and Mines Commission have been tasked to “address problems ...

Guyana’s lone credit bureau, CreditInfo, is warning of the risk of buying products on hire purchase for other persons because their failure to pay their installments can determine the terms on which banks and other lenders might you money or give you credit. Chief Executive Officer (CEO) of CreditInfo Guyana, Judy Semple-Joseph told a recent forum organised in Buxton by the International Decade ...

The Guyana government is wrapping up its search for a new source of fuel supplies, following the closure of Trinidad and Tobago’s state oil refinery, Petrotrin, official said. Public Infrastructure Minister, David Patterson told Demerara Waves Online News that Petrotrin has agreed to supply Guyana until the end of October, 2018 by which time government must find another source for ...

Mexico’s Agency for Safety, Energy and the Environment (ASEA) is sharing its industrial and safety and environmental regulations of the oil and gas industry based on its Risk Management Model, officials said. Officials of ASEA, the main regulator of the Mexican oil industry, are facilitating a two and a half-day workshop on regulation of the oil and gas sector. ASEA’s Executive Director, ...

Amid claims that Town Clerk, Royston King allegedly leased a Lombard Street wharf that supposedly does not belong to the City Council, new information surfaced on Monday that two other entities are laying claim to the property. Paul Sandy, the lone Director and Secretary of Quick Shipping Inc; testified before a Local Government Commission-organised Commission of Inquiry that he paid ...

Foreign Affairs Minister, Carl Greenidge seemed less than enthusiastic about the idea of conditional direct cash transfers of oil revenues to very poor Guyanese. Speaking with Guyanese in New York at the weekend, he said already many people, who get financial support from their overseas-based relatives and friends, are not inclined to seek employment and engage in annoying activities that ...

Guyana’s Foreign Affairs Minister, Carl Greenidge on Saturday said his country would not support the invasion of Venezuela from where people are continuing to flee worsening political, economic and social conditions. “We have no interest, as a government and I think that is true of the opposition also in orchestrating or encouraging anybody to invade Venezuela,” he told a meeting with ...

A prominent Guyanese law firm, which has now opened offices in the United States oil capital of Houston, Texas, will be monitoring all legislation and regulations that might impact on oil industry companies that are operating here or plan to do so, officials said Friday night. The Guyana-headquartered 36-year old law firm-Hughes, Fields and Stoby–  Friday night launched Hughes, Fields and ...