Georgetown Chamber of Commerce & Industry

gcci, guyana, oil and gas, policy, south america| September 8, 2019| Post by: Georgetown Chamber of Commerce

NRGI’s criticisms of natural resource fund act are ill-informed, says Finance Minister

(KAIETEUR NEWS) – Finance Minister, Winston Jordan, has come out against certain criticisms made by the Natural Resource Governance Institute (NRGI) in its report on Government’s Natural Resource Fund Act. That Bill was subject to zero scrutiny by the political opposition in the National Assembly, and was passed in January in the opposition’s absence, after […]

gcci, guyana, oil and gas, south america| September 8, 2019| Post by: Georgetown Chamber of Commerce

Westmount Energy seeks investors for Guyana/Suriname basin drilling

(STABROEK NEWS) – United Kingdom-based Westmount Energy Limited is boasting of Guyana’s potential oil reserves as it seeks investors for its projects in the Guyana/Suriname basin, which include the drilling of the first well in the Kaieteur Block offshore Guyana next year. The company recently announced a subscription extension of shares to raise an additional […]

business, gcci, guyana, guyoil, oil and gas, south america| September 8, 2019| Post by: Georgetown Chamber of Commerce

Finance minister urges GUYOIL to prepare for O&G opportunities

(OIL NOW) – Guyana’s finance minister Winston Jordan has urged the Guyana Oil Company (GUYOIL) to prepare itself to capitalize on opportunities in the South American country’s burgeoning oil and gas sector as preparations ramp up for oil production commencing in early 2020. The minister was speaking on Friday at the opening of a new […]

breast cancer awareness, business, gcci, gtt, pinktober, south america| September 8, 2019| Post by: Georgetown Chamber of Commerce

GTT’s Pinktober activities launched to support cancer fight

(GUYANA TIMES) – The Guyana Telephone and Telegraph Company (GTT) launched its annual Pinktober activities on Friday evening, aimed at educating Guyanese on cancer care and raising funds to support treatment for patients. Themed “Live Aware”, the company is seeking to share knowledge on the types of cancers to reduce the mortality rate from the […]

branding, business, gcci, guyana, investment, south america| September 8, 2019| Post by: Georgetown Chamber of Commerce

Oil industry has paved the way for “name recognition” – Business Director

(GUYANA TIMES) – While recognising the importance of branding to market local products, Business Director Dominic Gaskin has identified the oil sector as a driving force for name recognition here in Guyana. He shared these remarks earlier this week, noting that for a long while, the country was suffering from a deficiency to create reputable […]

gcci, guyana, oil and gas, south america, Venezuela| September 7, 2019| Post by: Georgetown Chamber of Commerce

Venezuela Oil Woes Deepen

(RIGZONE) – (Bloomberg) – A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies. China Huanqiu Contracting and Engineering Corporation, an affiliate of government-run China National Petroleum Corp., notified the Sinovensa joint venture […]

business, gcci, guyana, nicil, south america| September 7, 2019| Post by: Georgetown Chamber of Commerce

NICIL warns about “fake brokers” selling State assets

(iNEWS GUYANA) The National Industrial and Commercial and Investments Limited (NICIL), acting Chief Executive Officer (CEO), Colvin Heath-London is appealing to the general public to beware of scammers posing as officials of NICIL. This warning comes in the wake of several reports of NICIL’s properties being sold allegedly by persons claiming to be ‘brokers’ of […]

exxonmobil, gcci, guyana, oil and gas, south america| September 7, 2019| Post by: Georgetown Chamber of Commerce

ExxonMobil Makes Long-Term FPSO Supply Deal

(RIGZONE) Exxon Mobil Corp. and SBM Offshore have signed a long-term agreement covering potential future floating, production, storage and offloading (FPSO) orders, SBM reported Friday. The non-exclusive agreement sets the general legal framework and specific terms for the engineering, procurement, construction and installation work on potential future contracts relating to leased FPSOs, SBM explained in […]

bank of guyana, economy, finance, gcci, guyana, south america| September 7, 2019| Post by: Georgetown Chamber of Commerce

Some sectors had increased ; others contracted – BoG Annual Report 2018

(GUYANA TIMES) – The Bank of Guyana (BoG) Annual Report for 2018, showed a declining trend among most of the major economic sectors in Guyana including gold, rice and sugar. “… the output of sugar, rice, gold and fishing declined, reflecting poor weather and road conditions as well as lower domestic demand from regulatory requirements,” […]

business, commerce, economy, gbti, gcci, guyana, trade| September 7, 2019| Post by: Georgetown Chamber of Commerce

GBTI after-tax profit dips at half year, Entity cites slowdown of economic activity globally

(KAIETEUR NEWS) The Guyana Bank for Trade and Industry (GBTI) recently noted in its interim report for 2019 that its performance continues to be constrained by the slowdown of economic activity globally, regionally and locally. In fact, GBTI said that for the first six months of 2019, the bank and its subsidiary recorded an after-tax […]

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