Business

In what appears to be an intensified tit-for-tat, former President Donald Ramotar on Friday released a letter from Brian Tiwari to refute the prominent businessman’s claim that he had abandoned the People’s Progressive Party Civic (PPPC) long before  last year’s  general elections and supported the coalition. However, Tiwari said he had felt compelled to write the letter for fear that ...

The installation of about 6,000 solar panel systems at State House, the President’s Official Residence, is set to become a political football match between the opposition People’s Progressive Party Civic (PPPC) and the incumbent APNU+AFC coalition-led administration. Minister of State, Joseph Harmon said most of the GYD$48.6 million was spent on the purchase and installation of the solar panel systems ...

An inquiry has been launched into the unauthorized departure of two light aircraft from the Eugene F. Correia (Ogle) International Airport almost one week ago, Minister of State Joseph Harmon said Thursday. He said Minister of Public Infrastructure, David Patterson advised Cabinet that an inquiry has been launched as part of government’s efforts to ensure there is no repeat of ...

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. “We are excited by the results of a production test of the Liza-2 well, which confirms the presence ...

With Guyana expected to apply to the global transparency watchdog for extractive industries in November for membership, the newly-formed civil society organisation, Policy Forum Guyana, says effective monitoring of open and accountable management of Guyana’s natural resources will require a drastic changes in the existing system. “If we are going to manage extractive resources, there is a whole range of ...

Opposition Leader, Bharrat Jagdeo on Wednesday urged the Guyana government to hire the best legal brains to renegotiate the profit sharing agreement with ExxonMobil. “The government should hire the best lawyers in the world to make sure we engage. Get some advisers who can help with this sector,” he told a news conference. He said countries with oil sector experience  ...

Contributions of cash, scholarships and pledges totaling over US$70,000 dollars or 14.5 million Guyana dollars were among the major outcomes of the first University of Guyana (UG) Education Resource Ambassadors Conference, and participants say it is now time for government to provide emergency funding. “Be it resolved that the University of Guyana Educational Resource Ambassadors hereby call on the Government of ...

People’s Progressive Party (PPP) General Secretary, Clement Rohee on Tuesday said any paid parking system- lots or meters- must be the subject of public consultations, but he opted to remain mum on whether motorists should pay to park in the city. “We don’t support any of the two so long as there are no consultations with the people. Any one ...

Guyana is preparing to pass new legislation, tighten existing regulations and establish a new oversight body to govern the still lucrative oil and gas sector, according to a well-placed source. The proposed regulatory board for oil and gas is expected to include representatives from civil society, the opposition and government, rather than just the minister responsible for petroleum. “There is ...

President David Granger on Monday signaled the need for “parking lots” in Georgetown, but stayed clear of any direct reference to the controversial parking meter issue. Addressing a sitting of the full Georgetown City Council at City Hall, the Guyanese leader listed several items that he suggested the municipality’s elected decision-makers should consider putting in place. “Let us have bus ...