Business

President Irfaan Ali on Thursday announced that the American-owned energy company, LINDSAYCA in a joint venture with CH4 Guyana, has been selected to forge ahead with negotiations to build an almost US$1 billion natural gas-fired electricity plant and natural gas liquids plant at Wales, West Bank Demerara. He said in a video statement on Facebook that Cabinet on Thursday also ...

The United States is urging Guyana to be more inclusive at a faster pace and to go beyond cash grants by focussing on long term growth for all nationals of this oil-rich South American nation. “It is an ethnically divided society and s0 they will need to focus on inclusion and there have been many efforts to do so  so ...

Guyana is set to earn more money from the oil sector under a new Production Sharing Agreement (PSA) that would govern production from oil blocks, as the country prepares for its first ever bid round early next year for 14 offshore blocks, Vice President Bharrat Jagdeo said Wednesday. Mr Jagdeo also announced that Guyanese companies would be entitled to bid ...

The Food and Agriculture Organisation (FAO) on Tuesday said it was assisting Guyana in updating its base maps of the country for the first time in more than 50 years. “The resulting data will then be entered into key layers to update the national base maps, which are over 50 years old,” that United Nations member organisation said in a ...

The disappearance of a Guyanese tourist at Orinduik Falls in Region Eight (Potaro-Siparuni) has brought into sharp focus the apparent absence of trained and qualified tour guides at that location. Based on an account from one of the other tourists,  who was part of the group that flew in on Air Services Limited plane to the area, Mr Gladstone Haynes ...

A Guyanese tourist disappeared at Orinduik Falls while on a visit there on Sunday, prompting the mobilisation of a search and rescue team that includes soldiers to find him. Well-places sources identified the missing man as Gladstone Haynes. In a brief communication with Demerara Waves Online News, Chief-of-Staff of the Guyana Defence Force Brigadier Godfrey Bess said members of the ...

IRVING, Texas – ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average. “Our unrivaled ...

Attorney General Anil Nandlall on Sunday said the Opposition Leader could not initiate the process for the appointment of a substantive  Chancellor and Chief Justice, instead saying that is the function of the President. “What is important is the President who must initiate the process of the appointment and securing the Opposition Leader’s agreement. It’s not the other way around. ...

An early Wednesday morning fire gutted the eastern end of Guyana Stores’ Universal Building, and fire fighters are being hailed for their work in containing the blaze despite a heavy wind and combustible materials. Fire Chief Gregory Wickham said after the fire service received a call at about 1:29 AM , they responded and doused the flames with water and ...

Even as Guyana prepares to auction oil blocks for the first time, President Irfaan Ali on Tuesday announced that a number of acreages would be kept by the government for joint work with other countries. “I think very soon we are going to move to the auctioning of some blocks and we have some blocks that are set aside for ...