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The Sheriff Group of Companies has turned the sod for the commencement of construction of a $5.2 Billion Mall, at Palmyra in Region Six. The Sheriff Mall will be built in four phases, with the first phase expected to be completed in August 2024, representing an initial investment of GY$1.3 billion for that first phase. […]
Led by businessman and newspaper owner, Glen Lall, a large group of concerned citizens picketed outside the President’s Office this morning, demanding a renegotiation of the oil contracts with the ExxonMobil company and calling for the removal of Vice President Bharrat Jagdeo. “This is not a race issue, this is a national issue, we want […]
The newly elected President of the Guyana Gold and Diamond Miners Association, businessman Ronaldo Alphonso, has issued a call for the Government to address the problem of raiders in the gold industry. In a statement, Mr. Alphonso said with over two decades of experience in mining, he has witnessed the challenges faced by miners of […]
With its eyes set on the Stabroek Block, oil giant Chevron Corporation announced, today, that it has entered into an agreement with Hess Corporation to acquire all of its outstanding shares in an all-stock transaction valued US$53 Billion. Hess is one of three developers in the Stabroek Block with a 30 percent interest. To date, […]
The Sheriff Construction company has announced the acquisition of 100 state-of-the-art large trucks to support the local construction boom and to increase the company’s operational capacity. In a statement, the company said the strategic investment, which it valued at $2.5 billion, exemplifies its unwavering commitment to enhancing its resources for the ambitious projects ahead. The […]
The 2024 Guyana Energy Conference is expected to break new ground with organisers expecting as many as 1200 participants in addition to more than sixty local and international speakers. The conference, which is billed for the Guyana Marriott Hotel from February 19-22, 2024, is now being dubbed the “Guyana Energy Conference and Supply Chain Expo”. […]
Opposition Member of Parliament, Ganesh Mahipaul, today called out the Minister of Agriculture, Zulfikar Mustapha over his decision to terminate the contract for the construction of a pump station at Black Bush Polder. He said the ‘premature’ decision could now result in millions of taxpayers’ dollars being wasted. The $978M contract was terminated in September […]
The Guyana Revenue Authority is not budging from its decision to flag US$214.4 million in the costs submitted by the Exxon company in the cost oil audit. Controversy erupted recently when it was made public that the disputed figure had been reduced to US$3million by the Ministry of Natural Resources. The Government said it launched […]
The Ministry of Natural Resources on Thursday night laid full blame for the oil audit controversy at the feet of the Head of the Petroleum Unit, Bobby Gossai. The controversy erupted after information became known that the Ministry of Natural Resources through the Petroleum Unit had slashed the US$214 million in questionable oil costs to […]
The award of an $865 Million contract for the construction of a Pump Station at Belle Vue, West Bank Demerara, has been coming under scrutiny, with the APNU+AFC Opposition claiming that the company awarded the contract did not meet the requirements set out by the same Tender Board. The company that won the bid is […]
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