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Business

Guyana virtually rules out seismic studies before oil blocks auction

Vice President Bharrat Jagdeo on Monday said the Guyana government was yet to decide on whether t0 allow ExxonMobil to participate in this South American nation’s first ever auction of oil blocks set for later this year. He said a team of experts was currently advising the Guyana government on how to proceed with the auction of the blocks located ...

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Construction of Amaila Falls Hydropower power project hits snag

Six months after China Railway was identified as the preferred bidder to open negotiations for the construction of the US$700 million Amaila Falls Hydropower project, that company has told the Guyana government it could not afford a Build Own Operate Transfer (BOOT) model, Vice President Bharrat Jagdeo said Monday. “The negotiations are very difficult and as of April 22nd, they ...

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Dozens of scissors seized but no marijuana mentioned

A day after the Guyana Police Force was criticised for robberies and discharge of several rounds in the air during  Friday night’s concert by Jamaican artiste, Skeng, at the National Park, police  Saturday night seized dozens of scissors from patrons at the Jouvert at the same venue. However, no mention was made  about whether marijuana was found in the possession ...

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GTT’s technicians to get performance-driven salary increases, promotions; contracted technicians to be reduced

The Guyana Telephone and Telegraph’s (GTT) is moving to phase out its reliance on contracted fibre-optic cable technicians, and employ its own who will be promoted and paid increased salaries based on training and performance, company and union officials said Wednesday. Speaking at the signing of an accord between GTT and the Guyana Postal and Telecommunication Workers Union (GPTWU) in ...

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US$700,000 contract inked for oil sector cost recovery audit

A consortium of Guyanese auditors, backed by a specialised external entity, has been awarded a more than US$700,000 contract to conduct a cost recovery audit of the US$9 billion worth of transactions for the exploration and production of oil in the Stabroek Block, Minister of Natural Resources Vickram Bharrat said on Tuesday. Mr. Bharrat said the consortium has been hired ...

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Trinidad’s state-owned helicopter service supporting Spanish oil company’s work offshore Guyana

Trinidad and Tobago’s state-owned National Helicopter Services Limited is supporting research work offshore Guyana by the Spanish exploration company, REPSOL, the twin-island nation’s Prime Minister said Sunday. “Our National Helicopter Service, which is the helicopter service that we use here in Trinidad and Tobago in our system, on Saturday confirmed its third- not its first or second but its third ...

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Trinidad’s Petrotrin available to refine Guyana’s oil- Rowley

Trinidad and Tobago’s Prime Minister  Dr Keith Rowley on Sunday disclosed that the state-owned oil refinery, Petrotrin,  would be available to refine oil from Guyana now that the takeover deal is almost sealed. “The discussion did involve the possibility that if Guyana has oil  and Guyana is interested with someone, who we have selected here or are selecting, then those ...

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Georgetown Chamber welcomes TT-Guyana accord to remove trade barriers

The Georgetown Chamber of Commerce and Industry (GCCI) on Sunday welcomed the signing of a memorandum of understanding between Guyana and Trinidad and Tobago to remove all trade barriers. Before the just-concluded Caribbean Investment Forum on Agriculture, the city chamber had urged the Irfaan Ali-led administration not sign a memorandum of understanding unless several non-tariff barriers were first removed, but ...

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Guyana will attend Summit of the Americas to pursue its interests; will continue to lobby for Cuba

President Irfaan Ali on Sunday said Guyana would be attending next month’s United States-organised Summit of the Americas, even as the  the 15-nation Caribbean Community (CARICOM) would continue to press for fair treatment of its longtime ally, Cuba. “We will continue to represent the decision of Heads (of Government of CARICOM) that is we must forge a stronger relationship and ...

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Guyana to ask CARICOM for Brazil’s Roraima State to join regional agricultural task force

Guyana’s President, Dr. Irfaan Ali on Sunday announced that Brazil’s Roraima State would be applying to be part of the Caribbean Community’s (CARICOM) agriculture task force with the aim of producing grains for supply to the region. In exchange for Roraima State offering technology, investment and partnership to Guyana, he said CARICOM leaders at their next summit in July would ...

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