Business

The Guyana government on Thursday said definitively that it would not be revising the Production Sharing Agreement with ExxonMobil, the same day that Opposition Leader Bharrat Jagdeo questioned why government did not negotiate better contracts than those signed by former Presidents Janet Jagan and Donald Ramotar. The 2016 agreement between government and ExxonMobil contains a number of contentious clauses that ...

OFFSHORE OIL AND GAS MAGAZINE,-TORONTO – Tullow Oil and Eco (Atlantic) Oil & Gas have identified various leads on their Orinduik block offshore Guyana that could contain more than 1 Bboe. The leads are drawn from studies of several thousand kilometers of 2D data, regional well logs and seismic correlations to ExxonMobil’s nearby Stabroek block wells. Some of the leads appear to be equivalent ...

RESOURCE WORLD:Guyana Goldfields Inc. has released the results of an optimized life-of-mine plan for its 100%-owned Aurora gold mine in Guyana, South America. Guyana Goldfields is a Canadian mid-tier gold producer, primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is the northern part of the Amazon Craton and ...

An electrical contractor of Enmore/Hope, East Coast Demerara, who was robbed and shot about 1 O’clock Wednesday afternoon at Foulis, East Coast Demerara, was hospitalised in a stable condition at a private medical institution in Georgetown. Well-placed sources said 38-year old Terry Chand was robbed of GY$600,000 An investigation has revealed that contractor had earlier cashed a cheque for a ...

Temporary amnesty to illegal foreign miners has been granted so that they can regularise their immigration status in Guyana, says the Ministry of Citizenship. “We are giving you a chance to come to the office in Georgetown with your passport and apply for your extension of stay. If you came to work and your initial visa was an employment visa ...

Guyana is considering the Trinidad and Tobago model of the Electronic Single Window (ESW) to fast-track the processing of imports and exports instead of waiting days, under a project being facilitated by the Inter-American Development Bank (IDB). With financing from South Korea, the hemispheric bank on Wednesday brought together stakeholders from the Ministry of Foreign Affairs, Guyana Police Force, Guyana ...

Finance Minister Winston Jordan on Wednesday said the Guyana government is about to borrow GY$10-15 billion to fund the operations of the Skeldon and Enmore sugar estates, even as he defended the decision to separate the estates’ operations from the Guyana Sugar Corporation (Guysuco). The loans are expected to be acquired before mid-March, he said, adding that government hopes that ...

Even as Regional Executive Officer (REO) of Region Two (Pomeroon-Supenaam), Rupert Hopkinson dodged questions before the House Public Accounts Committee (PAC) about whether capital projects were being financed from funds allocated for current expenditure,  the Regional Engineer, Latchmin Singh testified that cash from the wrong source was being spent based on the REO’s instruction. PAC Chairman, Irfan Ali asked Guyana’s ...

A 19-year-old high school dropout, Kendrick Andrew who got a new lease on life by securing a job as a tour guide for the Atta Lodge located in the Iwokrama Rainforest, is determined to develop himself academically regardless of his challenges. Andrew explained that familial issues led to him dropping out of school, however, that will not hinder him from ...

TORONTO — Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, on Tuesday announced that Eco (Guyana) Oil and Gas (Barbados) Ltd. (Eco Barbados), a wholly owned subsidiary of the Company, has agreed to acquire the remaining 6% interest in Eco (Atlantic) Guyana Inc. (Eco Guyana), ...