News

  Former Finance Minister Winston Jordan was Thursday detained for questioning in connection with the sale of land at Ogle, East Coast Demerara. Attorney-at-Law, Roysdale Forde says his client was released on self-bail and asked to return to police on May 3, Mr. Forde says the former Finance Minister was contacted by police and asked to report to the police ...

The premier of the British Virgin Islands and the director of the small Caribbean territory’s ports were arrested Thursday at a Miami-area airport by federal agents on charges of conspiring to import cocaine into the United States and money laundering. Premier Andrew Fahie  and manager director of the port authority, Oleanvine Maynard  were taken into custody by Drug Enforcement Administration ...

Hess Corporation on Wednesday said the large Yellowtail oil well would be developed jointly with the nearby Redtail well which are both the Stabroek Block offshore Guyana. “There’s also a Redtail discovery that’s being tied into that as well,” said Hess’ Chief Operating Officer, Greg Hill on the first quarter 2022 earnings call. Industry players have been touting Yellowtail as ...

Vice President Bharrat Jagdeo and Opposition Leader Aubrey Norton are taking different positions on an opinion poll on Guyana’s socio-economic and political conditions. While Mr. Norton declined to go into details about the poll which was conducted for the United States-headquartered International Republican Institute (IRI), he said the findings would be used by his People’s National Congress Reform (PNCR). “As ...

Vice President Bharrat Jagdeo on Wednesday said an estimated 3,5000 persons, who were not supposed to receive cash relief grants ended up cashing in on the scheme that had been set up to aid farmers who were affected by severe floods last year due to persistent heavy rainfall. Addressing a cabinet outreach in Region Five (Mahaica-West Berbice), he, however, ruled ...

The Caribbean Examinations Council (CXC) on Wednesday announced that it has shifted the dates for the holding of Caribbean Secondary Certificate (CSEC) and Caribbean Advanced Proficiency Examination (CAPE) due to the ongoing COVID-19 pandemic. CXC Registrar, Dr. Wayne Wesley told a news conference said the exams have been pushed back by three weeks to May 23, 2022 with plans being ...

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 ...