Business

The Ministry of the Presidency has refuted reports that Minister of Natural Resources, Raphael Trotman has been stripped of responsibility for the petroleum sector and has instead singled out his contribution to laying the groundwork for the fast-growing oil and gas sector. “The Natural Resources Minister has provided sterling leadership in the development of the sector and it is under ...

Reproduced from Face2FaceAfrica Germaine Djuidje Kenmoe from Cameroon and Dawn Iona Fox from Guyana have won the prestigious OWSD-Elsevier Foundation Awards for Early-Career Women Scientists in the Developing World. The high-profile award aims to recognize the scientific and career achievements of women from developing countries in five regions: Latin America and the Caribbean, the Arab region, Sub-Saharan Africa, Central and South Asia, and ...

Outgoing Police Commissioner Seelall Persaud on Wednesday defended his decision to apply for personal firearm licences, saying that he was merely following what most other outgoing Police Commissioners had done. “If you look historically over the past twenty-five years, you would see that all the Commissioners, maybe with the exception of one, granted themselves firearm licences,” he said shortly after ...

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) announced Wednesday its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. Drilling commenced on Jan. 29, 2018. “This latest discovery further ...

United States (US) oil giant, ExxonMobil, has found even more oil offshore Guyana but a company spokesman would not be drawn into comment about the amount found. Spokeswoman, Kimberley Brasington confirmed an announcement earlier Tuesday by Minister of Natural Resources that there has been another major oil find. She said the Pacora Well, where the latest oil deposit has been ...

Minister of Natural Resources, Raphael Trotman is preparing to hand over responsibility for the oil and gas sector to the Ministry of the Presidency, government announced Tuesday. “The government will, in the coming months, establish the Department of Energy which will be housed in the Ministry of the Presidency,” government said. Trotman said the department will be “focused only on ...

Former Deputy Mayor, Sherod Duncan on Monday filed a no-confidence motion against Town Clerk, Royston King. The motion may come up for debate next month. The motion, which was seconded by Deputy Mayor Lionel Jaikarran, cites a long list of alleged administrative transgressions by King. The motion charges, among other things, that the Town Clerk removed vendors from Stabroek Market ...

The Finance Ministry’s ‘clinics’ with Regional Executive Officers and Permanent Secretaries about what needs to be done to accelerate the implementation of projects is showing signs of bearing fruit. Minister of State Joseph Harmon on Monday said government is making progress in increasing the pace at which multi-million dollar infrastructural projects of the Public Sector Investment Programme (PSIP) are being ...

Two welders were Monday arraigned for the alleged illegal use of chassis numbers on two vehicles that were suspected to have been stolen and found at Kuru Kururu earlier this month as part of a Guyana Police Force operation to smash a carjacking ring. Charged with fraudulent imitation of identification mark in violation of the Motor Vehicle and Road Traffic Act ...

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 ...