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OPINION: Foreign exchange rate spike exposes so much that is wrong here

by GHK Lall The Demerara Waves Online News article dated October 9 titled, “Bank of Guyana probe uncovering reasons for US notes shortage at cambios” covered a lot of territory. In many respects, it has been fiercely contested territory. The focus and thrust of the Demerara Waves item were on the role of nonbank cambios in the ongoing foreign currency ...

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One dead at Australian-owned gold mining pit accident in Guyana

A man died early Tuesday morning in an accident at an Australia-owned Troy Resources Guyana Inc gold mining pit, Minister of Natural Resources, Raphael Trotman said. Sources identify the dead man as Ryan Taylor. He worked in the geology section of Troy Resources. The company said early indications are that the incident occurred at 2:25 am on the night shift ...

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Tullow eyes shore base in Guyana, appraisal wells to be drilled next year

The United Kingdom-headquartered Tullow Oil, which has discovered oil twice offshore Guyana, says it is already advancing plans to set up a shore base here. Tullow’s Head of Communications, George Cazenove says the shore base will be established in another two to three months. “We will have a shore base here…. You will see a greater presence,” he told News-Talk ...

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Nalco Champion reiterates commitment to Guyana’s oil and gas development

Nalco Champion Guyana, Inc. on Monday reinforced its commitment to Guyana and continuing with its long-term plans of establishing a product storage facility in the country.  Last week, Nalco Champion received an Interim Environmental Authorization from the Environmental Protection Agency (EPA) to begin operations at the John Fernandes Ltd. Main Terminal on Water Street. However, the interim authorization came with ...

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Need for unannounced visits to oil operations – EPA Chief

The Executive Director of Guyana’s Environmental Protection Agency (EPA), Dr. Vincent Adams on Monday cited the need for unannounced visits to oil industry operations, even as American and British oil companies discovered more oil offshore the northeast coast of the South American nation. “Unfettered access to the site: There should be no prevention or stiff-arming of government employees or people ...

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First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday. The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”. After clearing customs, the ...

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New oil equivalent estimate at more than 6 billion barrels in Stabroek Block

Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE). “In Guyana, we have just increased the estimate of gross discovered recoverable resources for the Stabroek Block to more than 6 billion barrels of oil equivalent and continue to see multi-billion ...

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Guyana Goldfields workers call off strike

Guyana Goldfields Inc. announced Friday that the work stoppage at its Aurora mine that began on July 2 has ended, paving the way for union and the Ministry of Labour representatives to meet with aggrieved workers. “Employees are starting to return to work in a phased approach to ensure orderliness and full production is anticipated to resume shortly,” the company ...

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Striking Aurora Gold Mines workers being flown out, company suspends production

granger aurora

The Cuyuni-based Aurora Gold Mines (AGM) is Wednesday expected to begin flying out striking workers and non-essential personnel to Georgetown following a sit-in for fear they would not be paid severance, Company Vice President Perry Holloway said. “About 100 employees are blocking operations and this is unsafe for (us) so we are stopping work on most parts of the mine ...

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Industrial unrest at Aurora Gold Mines

Gold mining operations at Aurora Gold Mines in the Cuyuni River have been affected as several Guyanese workers who are upset that they stand to lose their jobs to foreign contracting companies aimed at reducing the cost of operations staged a protest, sources said Tuesday night. Early indications are that at least 70 workers initially downed tools in protest over ...

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