Daily Archive: Wednesday, February 15, 2023

Articles published on Wednesday, February 15, 2023

Unicomer for $25B investment

The parent company of Courts Guyana – Unicomer, yesterday announced a $25 billion (around US$120m) commercial investment for the East Bank of Demerara which will see the construction of a mega shopping complex and hotel along with a logistics yard to support small companies.

Liam Mallon

Exxon to ramp up output to 400,000 bpd

Currently producing a total of 380,000 barrels of oil per day (bpd) from the Liza Destiny and Lisa Unity FPSOs in the Stabroek Block, ExxonMobil plans to optimise operations and further ramp up production to 400,000 bpd, some 60,000 bpd more than originally planned, the  company’s Vice President (Upstream), Liam Mallon, yesterday announced.

Rejigging of oil deal will halt progress – President

Hoping to put the renegotiation of the controversial 2016 Production Sharing Agreement (PSA) with ExxonMobil to rest, President Irfaan Ali yesterday said that he has accepted that although the deal is lopsided, a move to revamp it would not only deflate investor confidence but halt the progress of development and hurt mostly locals.

FIBA Secretary General Andreas Zagklis (left) and CONCENCABA President Patrick Haynes.

Patrick Haynes elected CONCEBA president

Patrick Haynes, General Secretary of the Guyana Basketball Federation (GBF) was elected to the helm of the Central American and Caribbean Basketball Confederation (CONCENCABA), when the entity staged its General Assembly and Elections yesterday in Miami, USA.

 Rashada Williams

WI hope to buck losing trend

CAPE TOWN, South Africa, CMC – West Indies are hoping to buck their recent losing trend against India when they meet the Asian powerhouses in their critical second Group B game of the ICC Women’s T20 World Cup here today.