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News

Barbados company selected to sell gov’t’s first 3 million barrels of oil – Energy Dept

The Guyana government’s Department of Energy on Tuesday announced that the Barbados-headquartered Shell Western Supply and Trading (SWST) Limited has been selected to sell the country’s first three million barrels of oil for trial processing and removal of contaminants. “The DE looks forward to introducing this grade into the market in a stable and structured manner, and as a result ...

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Granger-led coalition “likely” to win next “close” election -US Congress report

The United States Congressional Research Service (CRS), a think-tank for the United States (U.S.) Congress, says some analysts believe that the David Granger-led coalition is likely to win next yearโ€™s general elections. “Past general elections in Guyana suggest the 2020 race will be close, but some analysts contend the APNU/AFCโ€™s multiparty and cross-ethnic coalition is likely to sustain the Granger ...

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6,500 new voter registrants not found – GECOM

The Guyana Elections Commission (GECOM) Monday night said 6,534 of the 16,863 new voter registrants were not confirmed during a five-day field verification exercise. GECOM spokeswoman, Yolanda Ward released figures showing that 10,329 registrants were confirmed. Ward said the more than 6,500 others could not be verified for various reasons including not being at home at the time scrutineers and ...

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Fisherman arrested for barbecue fork murder

A 67-year-old fisherman, is now in police custody for the alleged murder of 32-year-old Balchan Avai Baichan of no fixed place of abode. The killing took place at the fisherman’s Logwood Squatting Area, Enmore North, East Coast Demerara residence on Sunday about 1:20pm. Investigations so far revealed that the suspect was on his verandah imbibing when Baichan entered his yard ...

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ExxonMobil makes 15th oil discovery offshore Guyana at Mako-1 well

IRVING, Texas โ€“ ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a ...

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As oil production begins, Granger expects increased jobs, promises wise spending of oil money

President David Granger Friday night said he expected increased jobs and assured that oil revenues would be spent wisely, shortly after ExxonMobil announced that it earlier in the day began commercial oil production from the Liza field offshore Guyana. “The petroleum sector will stimulate increased employment and expand services,” he said in an address to the nation. He announced that ...

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ExxonMobil begins oil production in Guyana

IRVING, Texas โ€“ ExxonMobil Friday announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. Production for Liza Phase 1 to reach full capacity of 120,000 barrels of oil per day in the ...

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GMSA wants local sale of Guyana oil portion to lower electricity cost

The Guyana Manufacturers and Services Association (GMSA) recommends that the country’s entitled portion of refined oil be sold locally at a cheaper price in order to lower the cost of electricity especially to businesses. GMSA President, Clinton Williams noted that many of the “long-standing jeopardies” are closely linked to the high cost and unreliability of electricity, resulting in poor performance ...

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