Saturday, May 21, 2022

Latest News

T&T eyes preferred bidder for Point-a-Pierre refinery

Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery, Prime Minister Dr. Keith Rowley...

Budding oil powerhouse bent on boosting food security, slashing import bill for 15 countries

New oil producer, Guyana, is placing much emphasis on having a diversified economy and has put agriculture on the front burner as it seeks to boost food security for...

US$60 billion to be invested in Guyana oil and gas sector this decade – Rystad analyst

Rystad Energy’s Latin America analyst, Sofia Forestieri, said the energy research firm expects international oil companies to invest approximately US$60 billion into exploration and...

Better to use gas for Guyana’s benefit than to flare, reinject it – GCCI President

Guyana’s current natural gas reserves total some 16 trillion cubic feet, according to the Vice President, Dr. Bharrat Jagdeo. And that gas can either be...

Guyana received over GY$16 billion in royalty payments since 2020

Since becoming an oil producer, Guyana has received GY$16,889,629,390.29 (US$81,005,416.74) in royalty payments. In keeping with the stipulations of the Natural Resource Fund Act 2021,...

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Local Content

Be vigilant in reporting when local suppliers are overlooked for foreigners – PSC official

Months after the passing of Guyana’s landmark Local Content Act, Chairman of the Building and Infrastructure sub-Committee of the Private Sector Commission (PSC), Edward Boyer is...
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Latest News

T&T eyes preferred bidder for Point-a-Pierre refinery

Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery, Prime Minister Dr. Keith Rowley...

Week-in-Review | episode 3

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Regional

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Opinions

Guyana’s natural gas development is likely to outshine its renewable energy strategy

By Dr. Lorraine Sobers – OilNOW Guyana’s Low Carbon Development Strategy 2030 (LCDS) is the best place to start if you want a bird’s eye view of the country’s renewable energy plans. The LCDS outlines the overall strategy for natural gas hydropower, solar, wind and biomass energy in the context of Guyana’s socio-economic development alongside hydrocarbon resource development. Natural gas development has been touted as a “bridge” to facilitate the green shift in power generation...

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