Business

The Offshore Patrol Vessel, GDFS Shahoud, finally arrived in Guyana on Sunday and docked at the Guyana Defence Force’s Coast Guard headquarters at about 10:30 AM, well-placed sources said. Modeled as the 115 Defiant, the vessel should have arrived in Guyana last year October, but that was shifted to February, 2024. However, sources said the vessel, made by the American ...

Vice President Bharrat Jagdeo on Thursday assured Guyanese that they would not be paying more for electricity, although government is leasing a 36 megawatt electricity generation ship. “There will be no increase in the price for electricity because of this rental,” he told a news conference. Mr Jagdeo explained that under the deal with Urbacon Concessions Investment (UCI), the state-owned ...

Opposition parliamentarian, Shurwayne Holder on Thursday refused to attend a meeting with government to discuss the state of the electricity sector, instead saying that the bipartisan parliamentary Economic Services Committee (ESC) is the proper place for an update. “I will not be attending that meeting. I believe that if they want to give an update, they can hold a press ...

More than one month after a Bartica gold miner and one of his employees were shot dead and robbed of a quantity of raw gold at Arimu Backdam, Cuyuni River, two more men were Tuesday arraigned for murder and accessory to murder. Gold miner 50-year-old Mohamed Zaheer Sheriff of Byderabo Road, Bartica, and Dovan Washington, of 11 Seventh Avenue, Bartica ...

BRIDGETOWN, Barbados, Apr 15, CMC – Former Montserrat premier Reuben Meade Monday said he found it “rather interesting” that subordinate body within the Barbados-based Caribbean Development Bank (CDB) had been able to send the president of the financial institution on administrative leave. “It is like the tail wagging the dog. As a matter of fact it is like fleas controlling ...

People’s National Congress Reform (PNCR) Chairman, Shurwayne Holder dismissed claims that a computer processing unit (CPU), with the the list of registered members, disappeared from an office at Congress Place, that party’s headquarters. “The CPU from the membership department of Congress Place went missing from the room and was not recovered and returned up to the time people left the ...

President Irfaan Ali on Friday announced that government has turned to Cuba for engineers to help manage the Guyana Power and Light’s (GPL) electricity system. He said government has approved GPL’s hiring of 10 additional engineers with the “relevant skills” to ensure maintenance and reliability of the system. “They have very skilled technical personnel who they are willing to deploy ...

-Whiptail project receives government approvals; production targeted to begin in 2027 -Sixth Stabroek block development will add capacity of 250,000 barrels of oil per day -$12.7 billion of additional investment in Guyana’s growing economy SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the ...

Four persons were arrested at Annandale, East Coast Demerara in connection with two minibuses and a large wooden boat laden with suspected smuggled liquor, beers and chicken, the Guyana Revenue Authority (GRA) said Thursday. The arrests and seizure were made on Wednesday, April 10, 2024. The GRA said spiritous liquor, Heineken beers and Rockingham chicken were found at the scene ...

The Guyana government is rejecting a US$50 million demand by American joint venturers, CH4/LINDSAYCA, for a three-month delay in the installation of electricity generators as part of the 300 megawatt natural-gas fired power plant because other contractors took too long to complete related works. He said CH4/LINDSAYCA wants more time to install four gas turbines of 57 megawatts each — ...