Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

Share price of ExxonMobil’s China partner surges in Shanghai debut

Chinese oil giant CNOOC – ExxonMobil’s partner in Guyana’s lucrative Stabroek Block – surged 44% in its Shanghai debut on Thursday, after raising 28.08 billion yuan (US$4.41 billion) in a public stock offering Reuters said that the shares began trading on the Shanghai Stock Exchange at 12.96 yuan, 20% higher than the offering price of 10.8 yuan.

The US$7.5M Malavi trailing suction hopper dredge, which was commissioned by President Irfaan Ali at GAICO’s Nismes, West Bank Demerara wharf (Office of the President photo)

US$7.5M GAICO dredge commissioned

GAICO Construction and General Services Inc on Saturday increased its dredging capabilities with the addition of a new US$7.5 million dredge that was commissioned by President Irfaan Ali at the company’s Nismes, West Bank Demerara wharf.

Cyanide suspected in deaths of men found in Marriott parking lot

Although it was initially suspected that Paishnarine Hansraj, 25, and Justin Teixeira, 34, the two men found dead in the Guyana Marriott Hotel parking lot on Saturday, may have overdosed on a drug, investigators have been told that a substance found near them is suspected to be sodium cyanide, a poison which can be fatal in small doses.

The Liza Unity platform

Guyana nets US$106M from first Unity platform lift

With Guyana receiving its first one million barrels of oil from the offshore Liza Unity oil platform, it is expected to net around US$106 million from the sale of the lift amid a huge spike in international fuel prices President Irfaan Ali yesterday said that government used the spot sale system to sell its share to ExxonMobil, a provision catered for under the crude lifting agreement, even as it continues to seek out a marketer or long term buyer for the remainder of its lifts.

Today's Paper

The ePaper edition, on the Web & in stores for Android, iPhone & iPad.

Included free with your web subscription. Learn more.