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Although the ExxonMobil company boasts of having a majority of Guyanese workers, the Stabroek Block Cost Recovery Audit for the years 2018-2020 has found that foreign nationals hired by the company are being paid significantly more. According to the audit report, during a three-year period, foreign workers were paid a total of US$93.091 Million, making […]
The Government of Guyana has rejected the issuance of questions by the National Electoral Council of Venezuela in the national referendum related to Guyana’s Essequibo region. Venezuela has set itself a December date to host a national referendum on its claim to Guyana’s Essequibo region. The Government of Guyana this evening said the questions to […]
The new US Ambassador to Guyana, Nicole D. Theriot, presented her credentials to President Irfaan Ali today, formally replacing Sarah Ann Lynch as the US Envoy to Guyana. Theriot was confirmed by the US Congress as the new US Ambassador to Guyana in July following a lengthy hearing process. The new Ambassador has been described […]
Former Guyanese Diplomat, Ambassador Ronald Austin, has warned that Guyana must not take the build up of Venezuelan soldiers in the bordering regions lightly, noting that there appears to be mixed messages from Caracas in relation to the build up of the Venezuelan military in areas close to the border with Guyana. Appearing on the […]
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 Deputy Secretary-General of CARICOM, Dr Armstrong Alexis believes significant progress has been recorded in the Regional Agriculture Sector since the hosting of the Agriculture Forum in Guyana and Trinidad and Tobago in 2022, with advancements made in cross border investments and increased funding for the agriculture sector across the region. While addressing the opening […]
In wake of the ExxonMobil company raising concern about some of the new provisions in the updated Production Sharing Agreement for future oil blocks, Second Vice President Bharrat Jagdeo on Thursday said the Government will not “water down” the new model Petroleum Sharing Agreement (PSA) to suit the ExxonMobil Guyana company, making it clear that […]
With several Government projects coming under scrutiny for shabby work and delayed work, Attorney General Anil Nandlall has announced that the administration will be taking strong legal action against contractors who fail to honor their contractual agreements and produce quality work in time. Appearing on his “Issues in the News” television programme, Mr. Nandlall said […]
The Agri-Investment Forum and Expo opened this morning with President Irfaan Ali unveiling a US$4.5M Agri-Innovation Project. The President also announced plans to transform the Guyana School of Agriculture (GSA) into a Regional Centre for Excellence, with the backing of the Inter-American Institute for Cooperation on Agriculture (IICA). Plans are also in the pipeline to […]
While still silent on recent statements from the Guyana Revenue Authority on the controversial reduction of the disputed US$214.4M cost oil claims, the ExxonMobil company this afternoon responded to a front page story in the Kaieteur News, which accused the company of using its Stabroek block revenue to cover expenses for the Kaieteur and Canje […]
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