Tag Archives: economy

BUSINESS: The office is dead! Long live the office in a post-pandemic world – Opinion

By The Conversation – July 24, 2000

Introduction: The future of the office has become an open question after the coronavirus lockdown forced tens of millions of Americans to work from home. Will office workers flock back to their cubicles and water coolers when the pandemic ends? Or will employees want to hold on to their newfound freedom and flexibility, while employers eye the lower costs of the lack of a physical footprint?

At least a few companies have already answered this question: Twitter, for example, says most of its employees can continue working from home forever, making the office merely a place to meet clients. We asked three scholars to weigh in on the future of the office.        Continue reading

Guyana, ExxonMobil about to ink Payara oil well approval

— Hefty fines for flaring, dumping untreated water

Guyana is on the verge of signing an agreement with ExxonMobil for its Payara Development Plan that would provide for hefty fines for flaring and the dumping of untreated water back into the sea, Minister of Natural Resources Vickram Bharrat said Friday.

He told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that the actual fines were still under discussion and would be ironed out before the draft agreement is approved by Cabinet and make way for its signing.

“We have managed to negotiate on a number of environmental issues…..flaring will carry a fine. Water will have to be treated to international standard before dumping. I think we have a better agreement than Liza,” he said.          Continue reading

Guyana: Pres. Granger commissions new power station in Bartica

—  solar farm plans moving ahead

The new Bartica Power Station.

President David Granger Saturday morning December 28, 2019 commissioned a US$3.4 million power station at Dogg Point, Agatash in Bartica, Cuyuni-Mazaruni (Region 7), where he noted that it will bring unprecedented relief to residents who have experienced severe power outages over the years.

The President in his address at a simple ceremony, said it is inconceivable that Guyana can be on a path of development and ignore the evolution of its hinterland communities.          Continue reading

ExxonMobil updates on oil exploration, local jobs and content at GIPEX 2019

ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses; gov’t crafting Guyana local content policy

ExxonMobil’s Senior Vice President Hunter Farris

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana.

Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX-2019) at the Marriott Hotel, ExxonMobil’s Senior Vice President of Upstream Oil & Gas Company, Hunter Farris said so far more than 1,700 Guyanese or 50 percent of the 3,400 people in Guyana have worked in his company’s exploration and project activities directly.      Continue reading

Guyana can learn global oil industry standards from TT– Energy Chamber of Trinidad Tobago assures

  —“No, Trinidadian companies are not coming to take over”; 

ECTT CEO, Dr Thackwray Driver

The Energy Chamber of Trinidad and Tobago (ECTT) on Wednesday sought to dispel concerns that businesses from that twin-island Caribbean Community (CARICOM) member state are coming to Guyana to dominate the oil sector, instead saying that they are grasping business opportunities hinged on 100 years of experience and international safety standards.

ECTT Chief Executive Officer, Dr Thackwray Driver rubbished claims by sections of Guyana’s business community that Trinidadians are coming here in droves to take over the oil sector.    Continue reading

OPINION: Five years to real oil prosperity in Guyana could be an eternity – by GHK Lall

  by GHK Lall
Five years to 2025, according to the Hon. Minister of Finance. That is how long before the oil money would start coming in, the real meaningful money. The money that, if honestly and wisely (prudent is the word) used, could make a world of difference for Guyanese. Every single citizen. I can only agree with anyone, who harbors such a vision, and who then removes all obstacles that may prevent that from being reality. Remember: every citizen. Some cautions first.

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“APNU is not against cash grants” from oil revenues but more information needed – Granger

— WPA ready to negotiate modified proposal

President David Granger

President David Granger on Wednesday sought to dispel concerns that he is opposed to direct cash transfer of some oil revenues to Guyanese, even as the Working People’s Alliance (WPA) signaled that it was ready to modify its proposal with other political parties in A Partnership for National Unity (APNU) whenever those talks begin.

“There has been a lot of speculation and we ask that people put figures to their intention before we make any public discussion but the APNU is not against cash grants. It needs to know more so it can make a proper announcement to the people of Guyana,” the President said.              Continue reading

Guyana Politics: PPP virtually endorses WPA’s cash transfers to poor: Hinds warns APNU of losing votes

Oil rig

The opposition People’s Progressive Party (PPP) on Thursday virtually endorsed the Working People’s Alliance’s (WPA) proposal of direct cash transfer of some projected oil revenues, but preferring to target the poor and needy instead of all just over 200,000 households across Guyana.

“In fact, in our manifesto, we are going to be talking about conditional transfers, targeted transfers to vulnerable groups right at the beginning. We have to help single parents, we have to help children, we have to help the older people first and as our capacity grows and we get more money – we constantly have to see that it’s sustainable though.          Continue reading

OPINION: Elections now is a road to hell; still opportunity for reason to prevail – By GHK Lall

–By GHK Lall –  Demerara Waves – September 19, 2019

Elections now! It is clearly an insistence that promises to drag this society from the dark gutter to a deep grave. I believe that the hard, clashing visions and passions are so heated, with matters ever poised at a dangerous pitch, that the clamors are unwise. I hold this position, and it is mine only, regardless of the source of the calls for elections at all costs, and in the soonest time; whether such source is local or a broad-based and pivotal foreign one.

I submit that should there be movement on something resembling elections now, then Guyana would go from comedy to circus to crisis. In terms of the latter, it would be an existential one. What say any Constitution then? What would be the credibility and acceptability of any such elections from any loser? I inquire calmly and politely also: what would be the extent, reach, and effectiveness of any winner?          Continue reading

Exxon-Mobil: First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday.

The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”.

After clearing customs, the vessel will be moored to the seabed (known as spread mooring) in preparation for production, storage and offloading of Guyana’s oil.          Continue reading