News

Hess Corporation, one of the co-venturers in oil exploration and production  offshore Guyana, on Wednesday singled out Guyana as a major source of low-cost oil especially due to reduced global output due to the Russia-Ukraine war. The company also said Guyana’s prolific oil discoveries and production haven been helping to drive down Capital Expenditure (CAPEX) cost. Chief Financial Officer, John ...

President Irfaan Ali on Tuesday sought to woo British investors to take advantage of a  wide range of opportunities in this South American nation, saying that already there appeared to be better financing terms other than those being offered by China. In an address to members of the United Kingdom business community, politicians and diplomats, he said the UK has ...

ExxonMobil on Tuesday announced that it has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022. The Barreleye-1 well encountered approximately ...

Leader of the People’s National Congress Reform (PNCR), Aubrey Norton on Tuesday lashed out at his political advisor, Dr. Richard Van-West Charles’ claims of poor communication, instead accusing him of having a hidden agenda of trying to broker talks with the incumbent People’s Progressive Party. “Mr. Van-West Charles has been pushing for me to engage the People’s Progressive Party through ...

Opposition Leader Aubrey Norton on Sunday urged the incumbent People’s Progressive Party Civic (PPPC) administration to award most contracts to residents of Linden, even as he promised to open a university in that once thriving bauxite town should the coalition of A Partnership for National Unity+Alliance For Change (APNU+AFC) regain power at the next general and regional elections. Mr. Norton, ...

A 9.6 kilogramme cocaine bust from a former media worker, minutes before she was due to board a flight to the United States (US), has led to the arrest of a former anti-narcotics agent and a serving Customs Officer, the Customs Anti-Narcotics Unit (CANU) said on Monday. The law enforcement agency said 25-year old Zanneel Nirmala Williams of 181 Lamaha ...

Minister of Parliamentary Affairs and Governance, Gail Teixeira said ‘findings’ from the national public opinion poll conducted by the International Republican Institute (IRI) on Guyana’s electoral reform, lacks integrity and does not reflect the views of Guyanese. Minister Teixeira made it clear that any poll conducted in Guyana that involves humans, must go before the Ministry of Health’s Ethics Committee. ...

Guyana’s public and private sector now has a large US$10 million dredge available in-country that would be used to clear the country’s major waterways to accommodate larger and more oil-sector related vessels and the eventual construction of a deep-water port, officials said Saturday. Already, President Irfaan Ali said based on current marine traffic in the Demerara River, government is aiming ...

ExxonMobil Sales and Supplies would be buying Guyana’s first entitlement of 1 million barrels of oil from the new Floating Production, Storage and Offloading (FPSO) vessel but that company would not be charging a marketing fee, the Ministry of Natural Resources said Saturday. “The ExxonMobil affiliate bid was the best on the pricing differential for the crude and this lift ...

Police have arrested two of three men who allegedly robbed a businessman of 12 gold chains worth GY$1.5 million on Friday night, that law enforcement agency said Saturday. Commander for Regional Division #3, Senior Superintendent Mahendra Siwnarine said 30-year old Ren Persaud of Crane Housing Scheme, West Coast Demerara was robbed three identifiable males, two of whom were armed with ...