Business

The US$1.7 billion gas-to-shore project, including the natural gas-fired power plant and natural gas liquids plant, is projected to save Guyana US$500 million annually after paying ExxonMobil US$55 million each year for the pipeline, Project Lead Winston Brassington said Wednesday. “Exxon projects that the quality of the gas, which is a very high quality gas- rich gas, will remain stable ...

Indigenous communities totalling 241 were Wednesday informed that they would each receive millions of dollars now that Guyana has received the first installment of US$75 million from American oil company, Hess Corporation, for the sale of forest carbon credits, but they first have to craft approved development plans. Vice President Bharrat Jagdeo, addressing Toshaos (Amerindian village chiefs) at the Arthur ...

The Guyana government on Wednesday publicly protested American Airlines’ shabby treatment of the Prime Minister of Trinidad and Tobago, Dr Keith Rowley and the St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves as they prepared to depart Guyana earlier in the day. The Foreign Affairs Ministry accused American Airlines of refusing to allow the Prime Ministers’ check-in through ...

President Irfaan Ali on Tuesday said the Guyana government has been asked to help revive the cash-strapped regional airline, LIAT (1974) Limited but no decision has been made. Acknowledging that LIAT is an “important” aspect of regional transportation, he said the governments of Antigua and Barbuda, and St Vincent and the Grenadines have been talking with the Guyana government about ...

ExxonMobil, the operator in the Stabroek Block, has increased production by 40,000 barrels per day (bpd) from Liza 1 and Liza 2 and is targeting 400,000 bpd in the coming months, ExxonMobil’s Vice President (Upstream) Liam Mallon  said on Tuesday. Giving a production update at the Guyana Energy Conference being held from February 14 to 17 at the Marriott Hotel, ...

Internationally renowned Professor of Economics, Jeffrey Sachs has decided to back out of the Guyana Energy Conference, shortly after he was billed as a keynote speaker at the four-day event that opens on Tuesday. “Jeffrey has decided to no longer attend,” Conference spokesman, Alex Graham told a news briefing. “As far as we know, he had committed and later on ...

The deadline for government to signal its intention to pursue an out of court resolution with Cane View/Mocha residents will expire in a few days. The residents, whose homes were demolished, and all their personal belongings destroyed by the government in  January, have retained lawyers. On February 8, 2023, International Lawyer Dr. Vivian Williams, and Guyana-based Attorney Lyndon Amsterdam served ...

The fire that ravaged the Parika Market last Friday was due to poor safety measures during welding at a steel frame for the new market, the Guyana Fire Service  (GFS) said on Sunday. “While the GFS regrets the loss of the market, if the correct safety measures were followed, this tragedy could have been avoided,” that emergency response agency said ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian Ganesh Mahipaul on Friday said his then governing coalition and ExxonMobil never agreed that the US$160 million that would be spent on building a new headquarters building at Ogle, East Coast Demerara would be recovered from oil revenues. “I’m guided that there were discussions and there was no agreement with ...

President Irfaan Ali on Friday sought to justify the People’s Progressive Party Civic (PPPC)-led administration’s decision not to scrap or renegotiate the Production Sharing Agreement (PSA) between government and the ExxonMobil-owned Esso Exploration and Production Guyana Limited (EEPGL). While in opposition, the PPPC had criticised the PSA that had been inked by the A Partnership for National Unity+Alliance For Change ...