Business

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil announced Thursday positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery. “This important discovery further establishes the area as a significant exploration province,” said Steve ...

Fire early Wednesday morning destroyed a two-flat building on the West Bank Demerara, authorities said. Located at Daniels Street, Patentia;. The building housed a dwelling and a bond. The building has been unoccupied for the past five years.  ‎ No one was injured.‎ The cause of the fire was unknown.  Sources said no electricity was being supplied to the building.  ...

Fly Allways NV, a Surinamese registered air carrier, on Monday announced that it will be reorganizing its operations and destinations base, and as a result it will be suspending scheduled flights and return to charters for a brief period effective January 15, 2017. Chief Executive Officer of the company – Capt. Amichand Jhauw explained in a statement issued by the airline that since ...

Vendors, who once occupied the plot of land at the corner of Hadfield and Lombard Streets- Parliament View- were early Sunday morning removed from there. Several stalls were demolished, while most of the vendors were  present to relocate their goods to a small plot of land south east of the Stabroek Market near the K&VC restaurant. Others had no choice ...

Guyana has decided to set up a ministerial sub-committee to help craft a  Diaspora policy, following recent concerns by New York-based Guyanese that they are being left out of decision-making. Minister of State, Joseph Harmon said the roadmap for crafting the Diaspora Engagement Policy has alread received support from, among others, the International Organisation of Migration (IOM). He said Cabinet has ...

A Trinidad-based company should be banned from tendering for drugs in Guyana, and several top officials of Guyana’s Ministry of Health should either be removed or fired, a recent probe into the procurement of medical supplies has recommended. Retired Assistant Police Commissioner, Winston Cosbert states in his report that Ministry of Health employee, Kendazie Aaron should be fired from her ...

Acting Commissioner of the Guyana Geology and Mines Commission (GGMC) Newell Dennison is urging miners to be extremely cautious during the rainy season. Dennison told the Government Information Agency (GINA) in an invited comment on Thursday, that miners should, “exercise extreme caution in their work” in rainy conditions. Last year, seven mining related deaths were recorded. Guyana is experiencing its ...

Authorities in several countries are probing a recent accident at the Cheddi Jagan International Airport (CJIA) in which a Caribbean Airlines plane ripped off the tail cone of a Fly Jamaica plane. Director General of the Guyana Civil Aviation Authority (GCAA), Egbert Field said the relevant authorities in Guyana, Trinidad and Tobago, Jamaica and the United States (US) were probing ...

The Guyana Civil Aviation Authority (GCAA) is verifying a report by Dynamic Airlines about the reasons for its recent prolonged flight delays and cancellations, even as it says a GYD$40 million bond is available for inconvenienced passengers to seek refunds. GCAA Director-General, Egbert Field also told a news conference that authorities here that after a report by Dynamic Airlines have ...

The Guyana Telephone and Telegraph Company (GTT) on Tuesday announced that it has cut the cost of two of its domestic high-speed rates and upped the price for the lowest speed. “The company guarantees that these prices will remain unchanged when the new Value Added Tax (VAT) regime comes into effect,” the phone company said in a statement.  GTT did not ...