Even as questions of impact on marine life and biodiversity, accumulated mercury content the crude oil contains and mitigation against oil spills were asked, yesterday’s final public meeting of ExxonMobil’s local affiliate Esso Exploration and Production Limited called for increased stakeholder participation.
China’s Embassy in Guyana on Thursday said that it does not view the recent $4.1b money laundering investigation involving some 22 Chinese companies as complete and has forewarned that it considers presently any presumption of guilt as unfair.
Giving an overview of the Wales Gas to Shore Project, the government yesterday emphasised profitability while announcing that $400 million has been set aside for land compensation and that ExxonMobil will be repaid US$55 million per annum for 20 years from cost oil, for its US$1.1 billion infrastructure input.
Currently producing a total of 380,000 barrels of oil per day (bpd) from the Liza Destiny and Lisa Unity FPSOs in the Stabroek Block, ExxonMobil plans to optimise operations and further ramp up production to 400,000 bpd, some 60,000 bpd more than originally planned, the company’s Vice President (Upstream), Liam Mallon, yesterday announced.
The PPP/C cannot force any changes to the laws of this country on citizens and therefore the constitutional reform process will see suggestions for legislative changes from across the country, Attorney General Anil Nandlall SC has said.
ExxonMobil will be selling the 50 million cubic feet of gas per day it brings onshore to either the government or the private sector company that will distribute the power at the Wales gas-to-shore plant, only to recover its capital for the pipeline infrastructure, Country Manager Alistair Routledge yesterday said.
In preparation for one day making Guyana a leader in the region for medical technology advancements in regenerative medicine and biomedical studies, government will be putting together a think tank of medical professionals to guide its healthcare policy framework and will be establishing a Medical Scientific Council, President Irfaan Ali said on Saturday.
The cost of sand has nearly doubled from last year and the blame for the increase is being ‘traded’ between pit owners and truck drivers, even as the ordinary citizen laments over the pressures felt when purchasing for construction and other works.
Underscoring “heavy focus” on cybercrime protection, Jamaican cybersecurity analyst Mario Sparks revealed plans to invest in a technology company here to train locals in the field in which he also plans to hire them.
The Ministry of Public Works has written the national tender board and will also notify the Public Procurement Commission (PPC) why it no longer wishes sacked contracting firm, N&S General Engineering Contracting Services, to undertake any of its other projects.
The United States Embassy here says it continues to encourage partnerships between businesses in both countries and recommends due diligence in the selection process.
As it endeavours to assist its over 300 members to attain the requisite compliances and so tap into procurement opportunities in both the public and private sectors, the Black Entrepreneurs Association (BEA) of Guyana will be meeting with a number of ministries and business organisations in the first quarter of this year.
Guyana Marriott Hotel’s owner, Atlantic Hotel Inc (AHI) and its parent company NICIL have violated this country’s laws by failure to present financial statements for over seven years and should face penalties, among them being struck off the Register of Companies, former Auditor General Anand Goolsarran says.
Tomorrow’s budget presentation will formally disclose the closing balance of the Natural Resource Fund (NRF) for 2022 and how much monies are expected to be deposited in the Consolidated Fund and the amount to be directed towards “very safe investments”.
In the wake of a Sunday Stabroek report that United States medical services provider, RemoteMD, had filed for Chapter 11 bankruptcy while amassing a debt of over $100M to companies here, the city chamber has warned businesses of the need for due diligence checks before granting credit and says that the lodging of security should be looked at.
The Louisiana, United States offshore medical provider, RemoteMD LLC, has filed for bankruptcy in the US leaving companies here wondering how they will recover in excess of $100m for services that they were subcontracted to provide for oil and gas workers.
Having strongly objected to the current controversial Cybercrime Act when it was in opposition, Government says that plans are in the works to have it repealed and it will be replaced by a modern Act formed out of recommendations of the United Nations Convention on Countering the Use of Information and Communication Technologies for Criminal Purposes.
Even as it works out addressing local content hurdles to tap into the local energy sector, Trinidad and Tobago conglomerate Agostini Limited plans to add to its over $3 billion in investments from two companies established here as it looks to also bring a number of the companies and international franchises it already holds in its home country.
As its second soya bean crop for this year is currently being planted and government forges ahead with infrastructural support works at the Tacama Gold mega-farm in the Intermediate Savannahs, the consortium spearheading the project has confirmed plans for two crops per year, given better than projected yields.
In the face of a number of collisions by vessels with the Demerara Harbour Bridge (DHB) which have left taxpayers footing hundreds of millions of dollars in repairs, the government has signalled a revamping of the country’s maritime laws to ensure adequate compensation.
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