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Scotiabank sale: First Citizens Bank does not have licence to operate here – Bank of Guyana
See below full statement issued by the Bank of Guyana:
First Citizens Bank Limited (FCB) published a Notice in the Trinidad Guardian on its decision to enter into a purchase and sale agreement with the Bank of Nova Scotia (BNS) to…
Repairs to gas compressor complete; Exxon says no link between oil production and damage
ExxonMobil’s management team in Guyana on Thursday said that repairs to a faulty gas compressor from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel was complete.
Production Manager, Mike Ryan, told members of…
First well in Canje Block for ExxonMobil not commercial
ExxonMobil's first well in the Canje Block - Bulletwood-1 – has failed to produce oil in commercial quantities, according to reports coming out of the company.
The Bulletwood – 1 Well commenced supping in January 2021, renewed hope and…
Scotiabank’s announcement of sale premature, inappropriate – Finance Minister
Moments after Scotiabank announced the sale of its operations in Guyana to Trinidad’s First Citizens Bank, the Guyana Government objected to the announcement, saying that the sale was not completed in compliance with the country’s laws.…
Scotiabank announces sale of its operations in Guyana
See below full press release issued by Scotiabank:
Georgetown, Guyana – March 3, 2021 - Scotiabank announced today that it has reached an agreement for the sale of its banking operations in Guyana to First Citizens Bank Limited (“First…
Local company InFab to provide services to SBM Offshore and Exxon
After providing high quality fabrication services to Guyana over the last 18 years, Industrial Fabrications Inc. (InFab) is now the first local company to provide fabrication services to the third Floating Production Storage and Offloading…
Natural Resources Ministry says consultations on Local Content Policy to continue this week
Please see below statement from the Ministry of Natural Resources on the draft Local Content Policy:
The Ministry of Natural Resources continues to make tremendous efforts towards transparency and accountability. In this regard, and in…
U.S donates photocopiers, white boards to Police Force, Judiciary
The U.S. Embassy and the U.S State Department's Bureau of International Narcotics & Law Enforcement, through the Justice Education Society (JES), donated a number of items valued at GY$798,000 to the Guyana Police Force and the…
Regional ministerial task force will help push agri. development within CARICOM – President Ali
President Irfaan Ali on Thursday disclosed that CARICOM has prioritised agriculture and food security and has created a pathway to enhance their overall development in the region.
The Head-of-State was one of several regional leaders,…
Research finds lack of protection, recognition of Indigenous lands in Guyana
A research project on indigenous land tenure in Guyana was launched on Thursday and reveals a number of discrepancies as it relates to the protection and recognition of indigenous lands.
The research titled "OUR LAND, OUR LIFE:…