Business

ExxonMobil’s planned refusal to sign the new model Production Sharing Agreement (PSA) over concerns about Guyana lacking capacity to grant approvals was Thursday strongly rebuffed by the Guyana government. “We said we got feedback on the PSA and would not sign it as it was,” ExxonMobil Guyana’s President, Alistair Routledge told a news conference this week. Vice President Bharrat Jagdeo ...

Guyana’s premier Energy Conference and Expo returns for its third installment in 2024, rebranded as Guyana Energy Conference and Supply Chain Expo, and projected to attract a larger number of participants, the event’s secretariat said Thursday. The Secretariat, along with its partners, said participants would include keynote speakers, policymakers, local and international industry experts. With over 1,200 attendees, 60 international ...

The Inter-American Development Bank (IDB) approved a US$90 million loan to contribute to human capital development in Guyana, the hemispheric bank said Wednesday. The loan approved by the IDB’s Board of Executive Directors is designed to expand access to safe and improved learning environments and enhance educational services for vulnerable students in Guyana. This is the first individual operation of ...

Opposition Shadow Local Government Minister, Ganesh Mahipaul and Minister of Agriculture Zulfikar Mustapha on Wednesday were at loggerheads 0ver the claims by that APNU+AFC parliamentarian that the termination of a contract to build an irrigation pump at Black Bush Polder would result in a loss of more than GY$38 million. But Mr Mustapha countered saying that his ministry’s National Drainage ...

The Guyana Revenue Authority (GRA) on Wednesday definitively ruled out any possibility of the US$214 million in disputed audited costs for expenses incurred from 1999 to 2017 being changed, leaving the door open now for the company to move to arbitration.  “The Authority wishes to categorically re-iterate that it stands by its advice to the Ministry of Natural Resources and ...

The bipartisan Public Accounts Committee (PAC) of Guyana’s National Assembly was Monday informed that a number of then officials of the Maritime Administration (MARAD) were relieved of their duties for allegedly not abiding by the procurement rules that had led to the variation in the award of multi-million-dollar contracts. Government parliamentarian Dharamkumar Seeraj and his opposition counterpart, Ganesh Mahipaul questioned ...

Worried about a “soft invasion” of Guyana and eventual annexation of the Essequibo Region by Venezuela, the opposition People’s National Congress Reform-led A Partnership for National Unity (APNU) and the Alliance For Change (AFC) on Tuesday called on government to screen Venezuelan “refugees”. “Should they become a majority in any sizeable area of our territory, Guyana could face the threat ...

ExxonMobil President Alistair Routledge on Tuesday acknowledged telling a parliamentary opposition delegation that an agreement had been reached with government for the reduction in disputed audited costs to US$3 million but said that was not a formal accord. “We did not have any formal agreement from the ministry and,indeed as the ministry, the minister and the Vice President made clearer, ...

Guyana is training more nurses, providing advanced training to doctors, buying higher quality equipment and encouraging surgeons from across the Caribbean to come here to share their expertise as part of a wider plan to gear up the country to become a medical “hub” for the rest of the region, according to Health Minister Dr Frank Anthony. “In another couple ...

A Dutch company and a Chinese company have submitted bids to Guyana’s National Procurement and Tender Administration Board (NPTAB) to build the Corentyne River bridge. They are The Netherlands-headquartered Ballast Nedam and China Road and Bridges. Ballast Nedam has built most major river bridges in Suriname. Demerara Waves Online News was told that the next step is for the bids ...