Business

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 ...

The Canadian company, Frontera, the major partner in the joint venture with CGX Energy, late Wednesday night announced that it would be spending more than US$100 million on the drilling of a second exploration well in the Corentyne Block. “Frontera and CGX anticipate spending $110-$130 million on Guyana exploration primarily to drill Wei-1, our second high impact exploration well in ...

The more than US$1 billion gas-to-shore project would not immediately produce ammonia and urea because the amount of available gas would be just sufficient to power the electricity generation plant that would be built at Wales, West Bank Demerara, the Ministry of Natural Resources said. ‘There is no commitment yet from Exxon to bring additional gas at this point in ...

The opposition Alliance For Change (AFC) and the Guyana government have disagreed over whether the administration should sell its share of oil directly or hire another crude marketer. Amid the AFC’s criticism that the government does not have the capacity to do so on its own and that Guyana would not save by cutting out the marketer, Minister of Natural ...

Barbados’ Prime Minister, Mia Mottley, on Tuesday proposed that new fossil fuel exporters like Guyana set aside at least 10 percent of their revenues into a fund for renewable energy, an idea that President Irfaan Ali said would require detailed study. “We believe that we should propose an accord among the new energy exporters to invest more than 10 percent ...

Article 13- a Guyanese, the  pro-inclusionary democracy organisation, on Sunday took the Guyana government to task for removing Dr Rudy Jadoopat as the Coordinator  of the Guyana Extractive Industries Transparency Initiative (GYEITI) on the fake grounds that he is a member of the Alliance For Change (AFC). The non-governmental organisation indicated that it was perplexed at the Ministry Natural Resources ...

Although the COVID-19 curfew has been discontinued with immediate effect, the Official Gazette continues to prohibit a range of activities including parties but allows certain activities for a maximum of 10 persons. The new order made under the Public Health Ordinance, like the previous orders, states that no person shall, host, attend or visit a private party, banquet, ball or ...

IRVING, Texas – ExxonMobil today said it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Production at the Liza Unity floating, production, storage and offloading (FPSO) vessel is expected to reach its target ...

United Kingdom (UK) High Commissioner to Guyana, Jane Miller on Wednesday said Guyana’s procurement system needed to be strengthened, amid observations that the National Procurement and Tender Administration Board (NPTAB) is made up largely of political appointees. “Something I have discussed with the Finance Minister and I know it’s an area of capability that they are still growing in this ...