Business

The Canadian oil exploration company, CGX Energy, on Tuesday signaled that it appeared on the verge of finding crude oil in commercial quantities at the Wei-1 exploration and appraisal well offshore Guyana. “Results from the well are encouraging: data acquisition is ongoing via wireline logging, MDT’s and side wall core sampling,” the company said in a statement. An update on ...

A former Branch Manger of North American Fire Insurance Company (NAFICO) has been charged with 16 counts of Ponzi scheme related fraud fraud and converting GY$5.8 million belonging to the New Light Assembly of God Church’s to her own use, the Guyana Police Force’s Special Organised Crime Unit (SOCU) said on Monday. Phylicia Jallim, a former Branch Manager of NAFICO ...

The Private Sector Commission (PSC), which observed Monday’s Local Government Elections (LGE), said polling was free and fair, even as the Guyana Elections Commission (GECOM) said results could start coming in from about 10 O’clock Monday night. “Although voter turnout has been low, the PSC Observers, along with the UK (United Kingdom) Observer and AMCHAM (American Chamber of Commerce) Observers, ...

General Secretary of the People’s Progressive Party (PPP), Bharrat Jagdeo on Monday denied telling business owners not to provide financial support to the opposition A Partnership for National Unity (APNU) and buying out opposition supporters. “The PPP is not telling people not to make contributions to APNU,” he told reporters shortly after casting his ballot in the Local Government Elections ...

Polls opened in Guyana’s Local Government Elections (LGE) on Monday, with Opposition Leader Aubrey Norton saying his People’s National Congress Reform-led A Partnership for  National Unity (APNU) did not contest in all Local Authority Areas but opted to dedicate its limited resources in its strongholds. “In terms of strategy, our strategy was to take our resources and focus it in ...

The Guyana Court of Appeal on Thursday ordered a stay of a High Court suspension order of the Liza 1 operations if ExxonMobil does not provide an unlimited financial guarantee for any clean-up that may be caused by an oil spill. Noting that there was a reasonable prospect for success of an appeal, Justice of Appeal Rishi Persaud also ordered ...

The new Christ Church Secondary School, which is expected to be completed by next January,  would include a fire prevention system, the Ministry of Education announced. The seven contracts includes one awarded toA. Ograsein & Sons General Contracting for the installation of fire prrevention units at a value of  GY$6,759,000.00. The Special Projects Officer in the Ministry, Mr. Ron Eastman ...

Two security guards have alleged that they were attacked by gunmen, ordered to open Eureka Medical Laboratories door and escorted to the  “boss'” office from where they stole a safe containing an undisclosed amount of cash, police said on Wednesday. Investigators said the perpetrators escaped in a white Toyota Itz motorcar, bearing licence number PPP 4592, which was parked on ...

Digicel Guyana on Saturday announced Deonarine Gopaul as its new Chief Executive Officer, and his predecessor Gregory Dean would remain as an advisor.  Gopaul, brings extensive experience in the telecom industry, most recently serving as CEO of Digicel Suriname which he will continue to serve. Gopaul, who is Guyanese, made his initial entry into Telecoms with Celstar and the early ...

Guyana’s High Court on Friday ruled that the once well-known ‘C Island Hotel’ was legally sold for GY$50 million after a majority of fingerprint experts testified that the then owner’s signature on the sufficiently crafted agreement of sale was not forged, paving the way for the transport to be passed to the new owner. The court found that ‘C Island ...