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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. […]
The Government has shut down calls by the Opposition and Civil Society groups for consultations on the draft model Production Sharing Agreements (PSAs) to be extended. The Vice President said there will be no extension on the consultations. When it made the draft PSAs for both the deepwater and shallow-water blocks public last March, the […]
by Svetlana Marshall The Government of Guyana is looking to strengthen its local content policy to prevent foreign companies from using loopholes in the existing legislation to bypass the local content requirements. At the opening of a Local Content Summit this morning, Vice President Bharat Jagdeo admitted that the Government is aware that there are […]
The Ministry of Housing’s Central Housing and Planning Authority rolled out its 2023 house lot distribution drive today for persons who have been allocated house lots on the East Coast of Demerara. As part of a major development push by the Government, new housing areas are being developed in Lusignan and Good Hope. Over 1500 […]
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