Business

Attorney General Anil Nandlall has said his People’s Progressive Party Civic (PPPC)-led administration has renegotiated aspects of the oil production deal with ExxonMobil through changes in licenses for the development of other wells, despite iron-clad provisions of the Production Sharing Agreement (PSA) for the entire Stabroek Block. “We have reformed the entire licensing regime,” he said during a debate on ...

The Guyana Gold and Diamond Miners Association (GGDMA) on Thursday said there has been a drop in gold declarations from small and medium scale miners due to a shift of workers from mining to construction and oil and gas, depletion of reserves near roads and raiding of lands worsened by poor enforcement. “Workers have been opting out of the sector ...

Former well-known Guyanese journalist, now a New York-based Attorney-at-Law Dr Vivian M. Williams, Esq. and Adjunct Professor, has been included in Marquis Who’s Who, the entity said in a statement. Dr Williams can also practice in Guyana, and Trinidad and Tobago, As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the basis of current reference value. ...

The apex private sector organisations in Guyana and the Dominican Republic (DR) on Tuesday signed a memorandum of understanding in Santo Domingo, the capital of that Spanish-speaking Caribbean nation  According to the document signed by the President of the DR’s  non-governmental National Council of Private Enterprise, Inc; (CONEP), Celso J. Marranzini and the President of the Private Sector Commissi0n (PSC), ...

ExxonMobil will be asked for greater share in new production from 2030 The parliamentary opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) is proposing a series of amendments to Guyana’s draft Petroleum Activities law that, if approved, will guarantee a fixed royalty rate of 10 to 15 percent and a production share of 60-40 percent. Currently, the royalty on ...

Port News reports that the Offshore Patrol Vessel was designed by Metal Shark’s in-house engineering team and built at the company’s Franklin, Louisiana production facility for the Guyana Defence Force. Last week Metal Shark hosted members of the Guyana Defence Force (GDF) for the launch of the GDF’s new Metal Shark 115 Defiant patrol vessel “GDFS Berbice,” (1039), the shipbuilding ...

President Irfaan Ali on Monday indicated that city businessman, Nazar “Shell” Mohamed, would not be removed as a governing People’s Progressive Party Civic (PPPC) local government councillor because he has been implicated in a series of transnational crimes. “The people elected Mr Mohamed on a slate that he was on so you have to respect the will of the people,” ...

A 37-year old man has been arrested at a cargo company adjacent to the Cheddi Jagan International Airport allegedly with GY$27 million worth of cocaine, a gun and ammunition, the Customs Anti-Narcotics Unit (CANU) said Monday. That law enforcement agency said Christopher Michael Douglas of Lot 1070 Providence EBD & 127 King Edward Street, Albouystown, Georgetown was nabbed on Sunday, August ...

The Inter-American Development Bank (CDB) is conducting a feasibility study on whether a glass bottle plant should be constructed in Guyana to satisfy demands by the two major beverage companies, amid lingering concerns that a Trinidad-based glass bottle manufacturer would be unable to satisfy regional demand, President of the Guyana Manufacturing and Services Association (GMSA), Ramsey Ali said Thursday night. ...

Guyanese police and officers of the Guyana Geology and Mines Commission (GGMC) are to be deployed to Chinese Landing in Region One (Barima-Waini) to suspend all gold mining to deal with concerns by the Indigenous Carib community, in response to precautionary measures that have been issued by the Inter-American Commission on Human Rights (IACHR) and demands by the Village Council. ...