Business

Under the theme, Navigating the Opportunities and Imperatives in Guyana’s Oil and Gas Economy – Queen’s College of Guyana Alumni Association New York (QCAANY), will assemble experts versed in the field, for an international symposium on Saturday, May 29, 2021. The free, live in-person event, which will be held at …

The American Petroleum Institute (API) has signed a memorandum of understanding (MOU) with the Centre for Local Business Development, Guyana’s organization for oil and natural gas information, training and policy advocacy. The MOU establishes a framework for collaboration and using API’s programs to enhance health, safety, security and environmental protection in Guyana’s energy …

Scotiabank, a Canadian multinational, has defended its announcement of a sale agreement for its operations in Guyana with TT-based First Citizens bank, claiming that it acted in accordance with each country’s financial laws. Scotiabank TT chairman Derek Hudson on Wednesday said it was not premature for the banking group to …

In the second half of 2021, CGX Energy, a Canadian oil and gas company focusing on Guyana, plans to spud an exploration well in its Corentyne block. The Kawa-1 exploration is scheduled to be drilled to a depth of approximately 6,500 metres (“m”) in a water depth of approximately 370 …

Dr. Ashni Singh, a senior minister in the President’s Office with responsibility for Finance, called the announcement, which came via a media release from Scotiabank on Wednesday afternoon, “premature and inappropriate.” The sale of Scotiabank to the regional bank follows the previous APNU+AFC government’s refusal to allow the sale of …

The Guyana-Suriname basin has become a global hot spot for oil exploration and production since US supermajor ExxonMobil opened up the play in May 2015 with the Liza discovery in the giant Stabroek block. With more than 50 wells drilled over the past five years, the basin is now an …

Caribbean Airlines has recorded an operating loss of US$109.2 million on revenue of US$118.6 million, based on unaudited financial results for the year to the end of December 2020. The previous year saw a positive (Earnings Before Interest &Taxes) EBIT of US$11.2 million on revenue of US$440 million for the …

Black-owned business Cevons Waste Management has now become the new target of the Jagdeo/Ali led PPP Government of Guyana war on afro-Guyanese. After months of layoffs and weeks of evictions of hundreds of predominately Afro-Guyanese jobs and lands, Chief Executive Officer, Morse Archer received a letter from Attorney-General and Minister …

The Jagdeo/Ali regime has selected the Hess Corporation to market crude shipments of Guyana’s offshore oil production. The New York-based Hess expects 2021 exploration and production capital and exploration expenditure to be $1.9 billion, indicating an increase from the 2020 reported figure of $1.8 billion. Of the total amount, more …

Three Kenyan individuals are being charged with contravention of medical statutes for exporting fake HIV test kits to Guyana through Jomo Kenyatta International Airport in Kenya. All three individuals were granted bail after an appearance before a Nairobi court, the accused are Erick Mwangi, Jones Olouch, and Robert Njoya who …