Business

Two Indian companies – one  an alloy steel casting manufacturer for sugar factories and another specialised in sugar production- as well as a United States (US)-based company owned by a Guyana-born American freight forwarder are interested in investing in the ailing Guyana Sugar Corporation (GuySuco), even as government said Thursday it was becoming impatient waiting on proposals from the opposition ...

Guyana has decided to begin examining the feasibility of establishing an oil refinery, as several local and foreign companies continue to express an interest in setting up such a facility here in response to increasing oil finds offshore. Minister of Natural Resources, Raphael Trotman said consultant, Pedro Haas has been hired through the New Producers Group of the Royal Institute ...

Smart City Solutions (SCS), the operators the parking meters in Georgetown, on Thursday has summoned a meeting with the National Commission on Disabilities (NCD) to discuss concerns about the location of several meters virtually in the middle of a number of pavements. SCS further hinted that it would be willing to consider  removing those badly placed meters to ensure they ...

The Guyana government on Tuesday insisted that it would be sticking with the Stabroek via Brickdam to D’urban Park route for the Mashramani costume and float parade, citing it’s historical significance and safety concerns. Following a decision taken in 2016 as part of the Golden Jubilee Celebration, the Education Ministry through its Department of Culture has opted to stick to ...

The National Commission on Disability (NCD) on Tuesday expressed concern about the erection of several parking meters virtually in the middle of pavements, saying that they would pose problems for blind and wheelchair bound persons. “Our concern from the Commission’s point of view is that it is discriminating against persons with disabilities in particular the blind because of the fact that ...

President David Granger on Sunday called on the banking sector to address several deficiencies that have been identified by the World Bank and singled out mobile banking as a major tool that could decentralize banking services to persons especially in remote parts of Guyana. “Guyana, despite the increase in the number of bank branches, continues to rank behind our Caribbean ...

ExxonMobil is likely to drill a second well at its latest reservoir –Payara- by mid-year to determine the volume and quality of that company’s latest oil-find offshore Guyana. ExxonMobil’s Country Manager, Jeff Simon said “we found something and we need to find out a bit more about the deposit itself and we most likely would drill another well.” Minister of ...

Trinidad and Tobago former Minister of Energy, Kevin Ramnarine on Thursday urged Guyana to keep politics out of a state-owned oil company that it plans to establish to help govern the sector. “Insulate your State enterprises from the politics and I believe that a percentage … so I would recommend that whatever State companies you form-it doesn’t have to be ...

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.  ...