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Business

Jagdeo hails higher bid price for Marriott

Vice President Bharrat Jagdeo on Thursday  welcomed the receipt of  a bigger offer for the state-owned Marriott-branded hotel in Kingston, Georgetown. In the second round of bidding, the first one having been scrapped because of the low offers, American businessman, Ramy El-Batrawi and  founder of the investment group X, LLC increased his bid by US$25 million, taking it to US$90 ...

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New Demerara Harbour Bridge will open access to new lands for oil sector- Edghill

The new high-span four-lane Demerara Harbour Bridge, which will not have to retract for boats to pass up and down the waterway, is expected to trigger the development of more shorebases and other riverside facilities to support Guyana’s rapidly expanding oil and gas sector, Public Works Minister Juan Edghill said. Addressing a workshop by the Inter-American Development (IDB) to support ...

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Telecoms competition to heat up from July… same phone number, different company

Guyanese are from July, 2023 expected to be able to keep their existing phone numbers but change to a phone company of their choice, Chairman of the Public Utilities Commission (PUC) Dela Britton announced on Wednesday. “PUC now eagerly awaits the completion of the testing processes and we anticipate that number portability will become a reality in Guyana in July ...

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ExxonMobil, Guyana govt want to join High Court case to revoke EPA’s gas-to-shore permit

ExxonMobil’s Esso Exploration and Production Guyana Limited (EEPGL) and the Guyana government have asked the High Court to be parties to a case brought by two civil society activists to force the Environmental Protection Agency (EPA) to revoke the gas-to-shore permit on the basis that that the company has not shown that it has the legal right to use the ...

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Legislation passed to license E-bikes, prohibit under-16 use

The Guyana government and opposition on Wednesday agreed to amend the Motor Vehicles and Road Traffic Act to provide for the licensing of electronic bikes (E-bikes), in an effort to regulate that newer mode of road transportation which has partly contributed to an increase in road accidents. The amendment means that persons under 16-years old would be prohibited from operating ...

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EPA appeals High Court ruling for unlimited guarantee for ExxonMobil’s subsidiary clean-up; Nandlall says money is priority

Guyana’s Environmental Protection Agency (EPA) has appealed a High Court decision that orders that regulatory agency to instruct ExxonMobil’s Esso Exploration and Production Guyana Limited (EEPGL) to take out an unlimited parent company guarantee and/or unlimited liability affiliate company guarantee to finance the cost of any chemical pollution. “I’m informed that the EPA has already filed their appeal and other ...

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ExxonMobil Guyana considering “next steps” after High Court orders “unlimited guarantee” for pollution impact; AFC, Jagdeo differ on insurance

ExxonMobil Guyana on Friday said it was mulling the way forward after a High Court ordered the Environmental Protection Agency (EPA) to enforce an “unlimited guarantee” of funds to deal with pollution from its offshore Liza 1 field. “We are reviewing the court’s decision and evaluating potential next steps,” the company said in a statement. Attorney General Anil Nandlall has ...

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CGX finds high quality oil offshore Guyana but uncertain about commercial quantity

CGX Energy, a Canadian company, has announced that has discovered high quality oil at the Wei-1 well offshore Guyana, but there are no clear indications if the amount of oil will be in commercial quantities as drilling continues. “A comprehensive logging campaign in the Maastrichtian interval indicated the presence of medium sweet crude oil of 24.9 API. Downhole fluid analysis ...

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High Court orders Environmental Protection Agency to ensure ExxonMobil has unlimited liability for pollution; Govt to appeal decision

Guyana’s High Court on Wednesday ordered the Environmental Protection Agency (EPA) to compel ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to take out an unlimited parent company guarantee and/or unlimited liability affiliate company guarantee to finance the cost of any chemical pollution. The EPA has 30 days on or before June 10, 2023 to do so. If this ...

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