Business

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 ...

A European Union (EU)-Guyana Chamber would soon be established to ease bottlenecks in the trade in goods and services between the two sides, a top EU envoy said Wednesday, prompting a call by President Irfaan for help to meet European standards. “For those of you who find the European market a bit daunting, I have good news. We will soon ...

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 ...

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 ...

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 ...

Real estate agents were Tuesday urged to submit recommendations to improve a draft law titled the Real Estate Bill 2023 that will seek to ensure realtors comply with the Anti-Money Laundering and Countering of Financing Terrorism (AMLCFT) regime, Attorney General Anil Nandlall said. “The Attorney General invited comments from the local real estate bodies on how the draft may be ...

United States Senator Tim Kaine has said that President Irfaan Ali was upset that that country had blocked an Inter-American Development Bank  (IDB) US$180 million loan to Guyana Shore Base Inc (GYSBI) because its operations were dedicated to the oil and gas sector and even cautioned that China could provide financing “with no strings attached.” Recalling a meeting with Dr ...

Vice President Bharrat Jagdeo on Thursday said the licence for the Liza reservoir project would be extended to ensure that natural gas is available for Guyana’s gas to shore electricity and natura gas liquids plants for 20 years. Mr Jagdeo told a news conference that the decision to extend the licence followed the completion of the field development plan for ...

Vice President Bharrat Jagdeo on Thursday said it has rejected all of the offers by private investors to buy the State-owned Marriott-branded hotel because the prices that have been offered are too low. “We will not proceed with any of the bids because they we believe that they are too low based on the value of that asset asset now ...

GTT, Inc. (GTT), a leading provider of technology services in  Guyana and WANSAT Networks Inc. (WANSAT), a Guyanese-owned Internet Service Provider with  a focus on providing satellite broadband connectivity to rural and hinterland areas have announced  the launch of their partnership “Connectivity Anywhere”, a new satellite internet service. GTT says  the fast, affordable, and reliable connectivity to rural and hinterland ...