Business

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,373 ...

A lone gun-toting bandit Wednesday afternoon committed a robbery at Bounty Supermarket’s branch at Kitty, Georgetown. “Nobody is injured. Everybody is safe and sound,” a reliable source told Demerara Waves Online News. A well-placed source said the man robbed the entity of an undisclosed sum of cash. None of the customers was robbed, but the bandit escaped with monies from ...

Digicel Guyana hosted their first ever back to school outreach in the mining town of Linden on Saturday August 25, 2018. The event which catered for more than 300 children featured a mobile dental clinic, barbering stations, backpacks with school supplies including books, stationery; snacks, fun and games. “This event is geared at giving back mainly to the children, hosting ...

Buyers from Asia, Caribbean and South America are expected in Guyana for the Trade and Investment Exhibition,”GuyTIE 2018″, the Ministry of Business announced Wednesday, ” The opportunities for business linkages, sales and promotion are nothing but far-reaching, allowing businesses to tangibly benefit from the interactions during the event,” the organisers said in a statement. Buyers have also registered from around ...

Mr. Matthew Wilks, an experienced senior oil and gas business developer and negotiator, has been appointed Oil and Gas Adviser in the Ministry of the Presidency’s Department of Energy, government announced on Tuesday. Mr. Wilks has 32 years of experience in the global oil and gas industry, spanning all segments of the energy value chain including exploration and production, liquid natural ...

Even as government-employed teachers were Monday due to embark on an indefinite strike for increased salaries, Economics Professor Tarron Khemraj believes the 40 percent demand is too exorbitant and the educators should settle for 10 percent pay hike due to the state of the economy. “The salary demands of the teachers’ union are obviously unrealistic at this time, but non-salary ...

Guyana Goldfields is laying off  more than 80 workers at its Aurora Gold Mines operations in western Guyana, after the company decided to focus on existing gold bearing properties instead of searching for new deposits, a senior company official said Sunday. Country Manager for Guyana Goldfields, Violet Smith said those being laid off include all the mainly foreign geologists and ...

Pressure on Friday intensified on the David Granger-led administration to give conditional direct cash transfers of some oil earn revenues to very poor Guyanese, against the background of him already dismissing the idea because there is no evidence. The African Cultural and Development Association (ACDA), widely believed to be somewhat sympathetic to  Granger’s People’s National Congress Reform (PNCR) political party, ...

Legal action is likely to be taken against government for removing the privately-owned Guyana Airways Corporation Inc. (GAC) from the Companies Register two years after the entity was duly registered because the name is identical to two previous companies. “Every entity had an opportunity to object to the name, Guyana Airways Corporation Inc; within that six-month period after we received ...

Guyana will not take over American companies, Minister of Natural Resources Raphael Trotman has told several United States (US) Congressmen who wrapped up a one-day visit here on Thursday. In clear reference to criticisms from some quarters about Guyana’s  granting of a huge offshore concession to ExxonMobil and a Production Sharing Agreement with that American oil giant, Trotman on Wednesday ...