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The Government has announced that it has extended the auction period for the 14 oil-blocks offshore Guyana. The bidding round for the new oil blocks opened last December and was expected to close at the end of this month, but the Government has now indicated that it will allow bids to take place until mid-July. […]
Guyanese business magnate and recently announced candidate for local government elections, Nazar Mohamed of Mohamed’s Enterprise, is hoping that a US lobby firm can get to the bottom of the US government’s refusal to grant him and members of his family US visas. Mohammed who previously held a US visa, has not been issued a […]
In its final Petroleum Cost Recovery Audit Report for the period spanning 1999-2017, IHS Markit found that a significant percentage of the US$1.6B in claims made by Esso Exploration and Production Limited (EEPGL) – a subsidiary of US oil giant ExxonMobil – lacked supporting documents. “…nearly 50% of the intercompany charges being included in the […]
Guyana’s newest Floating Production Storage and Offloading vessel, Prosperity, arrived in Guyana on Monday morning. The vessel is joining the oil production facilities on the Payara field, located in the Stabroek block, offshore Guyana. Payara is the third project in the Stabroek Block. The new vessel is expected to be working in the local oil […]
Police investigators are probing the stabbing death of a 26-year-old fisherman at Anna Catherina on the West Coast of Demerara. The dead man has been identified as Munaff Azeem. The incident took place on Monday morning. According to reports, Azeem was beaten and stabbed by a group of fishermen during a row over fishing equipment […]
Opposition parties, APNU and AFC today called for the release of the Cost Recovery Audit, contending that the two-year wait over claims that the Audit Firm – IHS Markit – did not comply with international best practices, is unacceptable. The Final Cost Recovery Audit, produced and submitted by IHS Markit for the period 1999-2017, found […]
The International Court of Justice today rejected and dismissed Venezuela’s objections to Guyana’s case before the Court, paving the way for the substantive case to move forward. The Court found that Venezuela’s application had no legal basis. Venezuela wanted the Court not to entertain Guyana’s substantive application on several grounds, one of which is that […]
A new report from the World Bank, which is examining changes in the global economy, is predicting that Guyana will continue to see major economic growth annually in the coming years. In the report, which was released on the World Bank’s website, it predicts that Guyana will see a 25.2% growth rate this year, 21.2% […]
Vice President Bharrat Jagdeo has indicated that should Esso Exploration and Production Guyana Limited (EEPGL) fail to justify the $214M in expenses that were flagged by auditors during the country’s first cost recovery audit on oil expenses, the claims will be disallowed and the revenues directed to profit oil. But the Guyana Revenue Authority (GRA) […]
The Guyana Elections Commission (GECOM) made a decision to appoint its Information Technology Manager, Aneal Giddings as its new Deputy Chief Elections Officer (DCEO). The decision, however, did not gain the support of the opposition-nominated Commissioners. The GECOM Chairman, retired Justice Claudette Singh sided with the Government nominated Commissioners in appointing Giddings to the post. […]
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