ExxonMobil Earns $4 Billion in Second Quarter
United States (US) oil-giant, ExxonMobil today announced its estimated second quarter 2018 earnings of $4 billion. This is being compared to the $3.4B earned during...
US$460M pre-contract costs still not audited
It has been almost two years since USA oil giant ExxonMobil inserted pre-contract costs of US$460M in its Production Sharing Agreement (PSA) with Guyana....
Construction of Ogle/Diamond bypass likely to cost more than US$50M – High Commissioner to...
A team of Indian consultants are currently in Guyana working on the detailed design of the Ogle/ Diamond bypass road, says Guyana’s High Commissioner...
Four years after spending $58M… Dilapidated Moruca Bridge to be replaced with $120M...
Four years after the People’s Progressive Party/Civic (PPP/C) regime spent some $58M to upgrade the Moruca bridge in Region One (Barima/Waini), the dilapidated structure...
PPP objects to Bank of Guyana managing Natural Resource Fund
The People’s Progressive Party/Civic (PPP) is of the view that if Bank of Guyana (BoG) is made manager of the account holding oil-derived wealth,...
PPP wants to table legislation with 10-year jail term for nondisclosure of monies from...
The Leader of the Opposition Bharrat Jagdeo had revealed that his party has plans to table legislation that will allow for a greater level...
Investors’ interest in Guyana will soar with Exxon’s new estimate of 4 billion barrels
The Government of Guyana is pleased with the announcement today by ExxonMobil and its partners, Hess Guyana and CNOOC Nexen Petroleum, of an increase...
More than 4 Billion oil-equivalent barrels at Stabroek Block-ExxonMobil
The ExxonMobil controlled Stabroek Block offshore Guyana now has in excess of four billion oil-equivalent barrels. ExxonMobil announced on today that it has increased...
Slashed budgets hinder SARA’s anticorruption efforts –Director
The State Asset Recovery Agency (SARA) is unable to carry out many of its anti-corruption initiatives due to the slashing of its 2018 budget...
Failure to increase Berbice Bridge tolls could jeopardise NIS $3.3B – Ram
The financial situation at the Berbice Bridge Company Incorporated (BBCI) has moved from bad to worse, says Chartered Accountant, Christopher Ram. For one of...
