Business

ExxonMobil Guyana on Monday denied obtaining a US$2.5 billion insurance to cover the clean-up of the environment due to an oil spill or any other occurrence but former Executive Director of the Environmental Protection  Agency (EPA), Dr. Vincent Adams hours later insisted that such coverage had been obtained during his tenure. “Contrary to claims in the media, ExxonMobil Guyana never ...

An early Sunday morning fire destroyed a residence and a major business on the Essequibo island of Wakenaam. The business owner’s name is Anil Rambarran. He was rushed to the Wakenaam Hospital because his blood pressure apparently increased, sources said. The hospital now only has one doctor as the other has been removed. The fire erupted at about 3 AM ...

The People’s National Congress Reform (PNCR) on Tuesday argued against government building a more than US$1 billion natural gas pipeline, and instead suggested that the gas be shipped to shore or other markets. PNCR Central Executive Member, Retired Rear Admiral Gary Best declined to provide details to justify his party’s preference for shipping, instead saying that would be done before ...

A search, rescue and recovery team on Monday spotted the net of the trawler that capsized in the Atlantic sea early Sunday morning, resulting in the disappearance of three fishermen, Public Works Minister II Deodat Indar said. “They saw the net floating in the general area where the trawler sank,” he told News-Talk Radio Guyana 103.1 FM/ Demerara Waves Online ...

As families await word about the disappearance of three fishermen after a seabob trawler sank off the coast of Mahaicony early Saturday morning, officials on Monday said emergency response was hampered by the late delivery of information to authorities. “Our understanding is that there was no information passed on to the Lighthouse or MARAD (Maritime Administration) at the time of ...

A search has been launched for several fishermen who have gone missing and are feared dead after the trawler they were working on capsized. Those missing and feared dead are Harold Damon, Winston Sam and Ronald Burton. The lone survivor is Vincent Dazzell who claimed that he was rescued by fishermen and given a bus fare to Georgetown. He has ...

A more than 2o-year-old idea to generate electricity from wind for consumption by Guyanese could this year move to the installation of six turbines at Hope Beach and Chapman’s Grove, East Coast Demerara and their output would be supplemented with solar energy during periods of less wind, an official said. Project General Manager for the Hope Energy Development Project, Johan ...

The US$700-million dollar Amaila Falls hydropower station is to be built and operated under strict contractual and regulatory rules but no costs were provided for associated contracts, according to Project Leader Winston Brassington. “Like any large project, there is a lot of risk in these projects but most of these risks have been put to the developer,” adding that they ...

At least three seamen are feared dead after the trawler they were working on went down in the Atlantic sea off the coast of Guyana, one of the seamen’s wives said Sunday. Among those believed to have perished is 44-year old Harold Anthony Damon of Agricola, Greater Georgetown. Mrs. Tonszadel Beckles-Damon told Demerara Waves Online News/ News-Talk Radio Guyana 103.1 ...

A joint venture logistics company between Roraima Airways and the Trinidad-headquartered RAMPS Logistics have teamed up to form the majority Guyanese-owned Arapaima Logistics which has already sealed a deal to ship 10,000 coconuts to the United States (US), officials said Saturday. “It is one of our mandates to engage the agriculture sector. And let’s start bringing the agricultural products from ...