Energy

Governing People’s Progressive Party (PPP) parliamentarian and Attorney-at-Law, Sanjeev Datadin on Thursday night dismissed concerns by the Caribbean Private Sector Organisation (CPSO) that Guyana’s Local Content law seemed to violate regional free trade rules. Mr. Datadin said the Local Content Act does not prohibit nationals from sister CARICOM member-nations from working in Guyana’s oil and gas sector but merely concretises ...

The Caribbean Community (CARICOM) headquarters will soon be providing solar-generated electricity to Guyana Power and Light (GPL), Secretary General Carl Barnett announced on Tuesday. She was speaking at the official commissioning of a 400 kilowatt  solar photovoltaic power generation plant and battery power conditioning system in the compound of the CARICOM headquarters at Liliendaal, Greater Georgetown. “This PV power generation ...

IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. ...

The Guyana Power and Light’s Chief Executive Officer, Bharat Dindyal said the power company plans to intensify efforts to go after electricity thieves “We have actually resumed recently a focus on prosecuting people for electricity theft. That is going to be our major focus next year . We have to reintroduce that prosecution,” he told a news conference. He said ...

Projecting that he Guyana Power and Light (GPL) will require at least 465 megawatts of electricity by 2025, the Guyana government has taken steps to revive plans to construct the Amaila Falls Hydropower station. The Prime Minister’s office has issued a request for proposals, stating that government hopes that construction of the hydropower station will begin in 2022 and will ...

The Guyana Power and Light (GPL) plans to invest US$292 million in building a modern transmission and distribution system, and the company is banking on behavioural change to stop losing GYD$4 billion (US$18.6 billion) annually to electricity theft, Chief Executive Officer Bharat Dindyal said Friday. “We have developed a masterplan for transmission and distribution,” he told a webinar organised by ...

ICON LNG Guyana, Inc. (ICON LNG) has announced that it has achieved a  milestone in Guyana with the importation and delivery of its 100th ISO container of liquefied natural gas  (LNG). LNG is a reliable and environmental friendly fuel that is quickly replacing coal, heavy fuel oil and  diesel as the world’s demand for clean, safe and affordable energy supplies ...

Vice President Bharrat Jagdeo on Monday insisted that the proposed US$810 million to US$900 million gas-to-shore project would be viable in years to come, despite ongoing progress in scaling up renewable energy sources and reducing dependence on fossil fuels. “I don’t believe fossil fuel prices will fall. You still have a large number of years when fossil fuel prices will ...

The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and provide cheap electricity to the nation as well as entrench local content requirements to ensure Guyanese are not paid lower salaries than in other countries, Vice President Bharrat Jagdeo told a news conference on Friday. Claiming that the ...

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...