News

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Monday it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases. The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, ...

The policy framework for Guyana’s proposed Sovereign Wealth Fund (SWF) is to be laid in the National Assembly in the coming days, to make way for eventual tabling of legislation that will provide for the involvement of the opposition in managing the expected huge windfall of oil revenues, Finance Minister Winston Jordan said. “It will have multiple layers of oversight…The ...

Leader of the Alliance For Change (AFC), Raphael Trotman on Friday said Prime Minister Moses Nagamootoo was not spurned for talks likely to be held between President David Granger and Opposition Leader Bharrat Jagdeo. Minister of State, Joseph Harmon earlier Friday confirmed that Granger has agreed to lead government’s delegation in the discussions, given Jagdeo’s position that Nagamootoo is a ...

“I cannot be anything more than tight-fisted”…”This is not a beauty contest”- Jordan The Guyana Elections Commission (GECOM) on Friday signaled that it might ask the Ministry of Finance for more money to run off Local Government Elections (LGE), but hours later Finance Minister Winston Jordan virtually ruled out giving the elections authority more cash unless the need can be ...

President David Granger has given in to the Opposition Leader, Bharrat Jagdeo’s position that the People’s Progressive Party (PPP) would not hold talks with government if Prime Minister Moses Nagamootoo leads the delegation. Minister of State, Joseph Harmon said the President was interested in holding the talks as part of government’s thrust towards dialogue and social cohesion. “We do not ...

Amid a major lapse by the Guyana Geology and Mines Commission (GGMC) to award contracts for repair and maintenance of several interior roads in a timely manner, the Ministry of Public Infrastructure will next year take back responsibility for such works, Junior Public Infrastructure Minister Annette Ferguson announced Thursday night. In contributing to debate on an opposition-sponsored motion on the ...

The resuscitated Guyana People’s Militia, the reserve arm of the Guyana Defence Force, has recruited and trained 1,608 persons, Minister of State Joseph Harmon said The minister, who was responding to a question posed by the Opposition, said those persons were recruited at various levels and are between the ages of 18-35 and are physically and mentally stable for entry. ...

President David Granger on Thursday met with Leader of the Opposition, Mr. Bharrat Jagdeo to discuss the appointment of the Public Service Commission and the Police Service Commission, but Jagdeo said he registered his objection to the appointment of former Assistant Police Commissioner, Paul Slowe. “I expressed my concerns over a particular nominee, Mr. Paul Slowe, about how partisan he has ...

Head of the Carter Center, former United States President Jimmy Carter has made overtures to Guyana’s two top political leaders to get on with long-indicated talks, Opposition Leader Bharrat Jagdeo said Thursday. Carter last week called Jagdeo to enquire why the People’s Progressive Party (PPP) was, by President David Granger’s account, unwilling to meet with a government delegation to be ...

Local Government Elections will be held on November 12, 2018, Minister of Local Government, Ronald Bulkan announced Thursday. Addressing Toshaos from across the country in Georgetown for the National Toshaos Conference, Bulkan said the order would be gazetted by the end of Thursday. Guyana’s Parliament has already approved GY$2.1 billion in the 2018 National Budget for the holding of the ...