Business

GPL inks deal for rental of second Power Ship

The Guyana Power and Light (GPL) company today signed a contract with the Joint Venture, Karpowership Global DMCC & UCC Energy International LLC JV for the rental of a second Power Ship. The additional power ship comes with a total installed capacity of 75 Megawatts (MWs) and the contract is for a period of two […]

Certified Public Accountants to challenge suspension by Institute of Chartered Accountants of Guyana

Two Certified Public Accountants have vowed to take legal action against the Institute of Chartered Accountants of Guyana (ICAG) over the recent suspension of their license and membership. The two, George Vaughn of Vaughn Business Solutions, and Andre Davis of AMD Financial Services are contesting their suspension. Vaughn is challenging the suspension of his ICAG […]

Exxon celebrates production of 500 millionth barrel of oil in Guyana

ExxonMobil Guyana today announced that along with its Stabroek block co-venturers, Hess and CNOOC, they have reached 500 million barrels of oil produced from Guyana’s offshore Stabroek block. In a statement, the company said their industry-leading pace of development enabled the production milestone less than five years after Guyana became an oil-producing nation. ExxonMobil Guyana President, […]

Local partnerships for foreign companies not necessary but encouraged to boost Guyana’s local content -Finance Minister

Senior Minister with responsibility for Finance, Dr Ashni Singh today said regional and international companies are not obligated to form local partnerships when doing business in Guyana, but added that it is highly encouraged as a way to boost local content.  The Finance Minister made the statement this morning while addressing a trade delegation from […]

Canadian company aims to produce 350,000 ounces of gold annually when Guyana operations begin

By Svetlana Marshall Canadian mining company – G-Mining Ventures Corporation – is aiming to produce 350,000 ounces of gold annually when its US$1.5 Billion Oko West Project begins operation in Guyana in 2027. The company, which has operations in Brazil, unveiled the Oko West Project during an education forum at the Pegasus Corporate Suites this […]

New culture needed to fight corruption in both public and private sector -says Governance Minister

Minister of Parliamentary Affairs and Governance, Gail Teixeira today said there needs to be a new culture in Guyana where there is zero tolerance for corruption in both the Public and Private sectors. She said there should be zero tolerance for persons who offer and solicit bribes to access state resources and bypass legitimate systems.  […]

El Dorado Offshore, Noble Corporation and MATPAL Marine Institute team up to offer scholarships for Marine Cadet Programme

El Dorado Offshore (EDO), Noble Corporation and MATPAL Marine Institute today announced that applications are now open for the Noble Marine Cadet Scholarship Programme.  Through the Noble Marine Cadet Scholarship Programme, 20 aspiring Deck Cadets and Engineering Cadets will be given the opportunity to pursue their career in the offshore industry. The programme is designed […]

Guyanese in Suriname encouraged to return home and be part of country’s development

Foreign Secretary, Robert Persaud, has urged Guyanese living in neighbouring Suriname to return home to contribute and play their part in Guyana’s new development. Speaking during a job fair organized by the Government and Private Sector over the weekend in Nickerie Suriname, the Foreign  Secretary noted that there are a number of opportunities that are […]

WPA sees tough decisions ahead for Guyana’s sugar industry as massive losses pile on

By Svetlana Marshall With sugar production way below target despite the injection of billions of tax payers’ dollars into the ailing industry, the Working People’s Alliance (WPA) Presidential Candidate, Dr David Hinds believes that the Sugar Industry is at the crossroads, and tough decisions will have to be made.  Dr Hinds, a political scientist, said […]

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