Business

The Ministry of Labour’s Occupational Safety and Health (OSH) Department  on Sunday said it has launched an investigation into a fatal accident that resulted in the death of a Health and Safety aide who was working with a subcontractor at Vreed-en-Hoop Shorebase. The company and the Labour Ministry said the accident occurred at 6:40  Saturday evening at the shorebase construction ...

Venezuela has reacted sharply to ExxonMobil’s plans to drill  exploration wells offshore the Essequibo Region, but records show that this is not the first time that the company has done so. ExxonMobil had drilled Ranger, Tarpon and Tanager wells that are west of the Essequibo River with no response by the Nicolas Maduro administration. Tanager was plugged because it is ...

The Ministry of Labour  said it was investigating a fatal accident which occurred at approximately 7:38 AM Tuesday morning, at the John Fernandes Limited Port Facility on Water Street, Georgetown. The Labour Department said 64-year-old Trevor Jones, a stevedore foreman of Mandela Avenue, East Ruimveldt, was walking behind a super reach stacker as it was reversing when the accident occurred. ...

ExxonMobil plans to explore for oil offshore the Essequibo Region where Venezuelan gunboats had six years ago chased seismic research vessels in oil concessions that had been granted by Guyana, President of ExxonMobil Guyana, Alistair Routledge said Tuesday. “The Liza field, the last time I looked, takes you pretty close to that (equidistant) line. We plan to drill two exploration ...

President Irfaan Ali on Monday announced that a sugar refinery would be built at the Enmore Estate, East Coast Demerara which was closed in 2018. Addressing the Private Sector Commission’s (PSC) annual corporate dinner, he said an unnamed investor was about to decide on the construction of the refinery. “We have an investor, who is in the final stage of ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) has accused government of emptying the Natural Resource Fund (NRF) and increasing Guyana’s debt ceiling, but the Guyana government has defended those decisions on the grounds that was fast-tracking development for all Guyanese. After walking out of Friday’s parliamentary debate on amendment to the fiscal rules of the NRF Act ...

Vice President Bharrat Jagdeo on Thursday said government would be willing to fund improvements to the privately-owned Guyana Stock Exchange (GSE), even as he flayed the administration for being saddled with the same more than 2o-year old computerised system since its inception. “We are prepared to modernise this but it is not owned by the Government of Guyana. It’s a ...

A day after the Ministry of Education clamped down on unauthorised visits to schools, a wealthy city businessman who visited four schools across the country and donated several items, Wednesday night deemed a circular by Minister of Education Priya Manickchand “draconian”. Chief Education Officer, Saddam Hussain on Tuesday told head teachers and education officers that with immediate effect any person ...

The Guyana Stock Exchange’s (GSE) efforts to modernise its operations has hit several stumbling blocks for almost 20 years now, and this has been compounded by the fact that none of the public companies is listed on tier one of that secondary market, the GSE Chairman Nikhil Ramkarran said Wednesday. While expressing concern that he was not contacted before to ...

The United States (US) on Tuesday announced it would reimpose sanctions on Venezuela’s oil and gas sector, effectively blocking trade in those hydrocarbons  because the Nicolas Maduro administration has arrested members of the “democratic opposition” and has barred candidates from running in upcoming presidential elections. Venezuela, in response, said the US action amounted to a deliberate attempt to hit the ...