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Biden signs Executive Order to use full scale of procurement power to achieve climate change goals by 2030

President of the United States of America (USA), Joe Biden on Wednesday signed an Executive Order that directs the federal government to use the full scale of its procurement power to achieve a suite of key climate change goals. According...

‘Guyana is best growth opportunity seen in Latin America past 30 years’ – Energy group

With discovered oil resources of over ten billion barrels, low breakeven costs of $25-$35, and a light sweet crude, low in sulfur that emits fewer greenhouse gasses, Managing Director of Americas Market Intelligence John Price, says Guyana is the...

Upcoming auction could extend life of T&T’s gas sector beyond 2040, says former energy minister

While he is enthused by recent announcements that Trinidad and Tobago has put 17 deepwater blocks up for auction, TT’s former Minister of Energy, Kevin Ramnarine says this bid round will be crucial to the longevity of the country’s...

Guyana’s lone Energy Chamber signs MoU with Ghana Petroleum Commission

The Guyana Oil and Gas Energy Chamber (GOGEC) signed a Memorandum of Understanding with the Petroleum Commission of Ghana on Tuesday in Georgetown. GOGEC’s President, Manniram Prashad, and CEO of the Commission, Egbert Faibille Jnr., inked the pact. The agreement...

Technology being secured to test Exxon’s produced water – EPA Head

Head of the Environmental Protection Agency (EPA), Kemraj Parsram recently disclosed that his team is working on securing technology that would boost the capacity of the agency to test produced water. In the meantime, Parsram said ExxonMobil’s affiliate, Esso Exploration...

Analyst says Guyana remains on path to massive growth but all efforts must be made to ensure rural communities aren’t left behind

The economic activity in the new oil producing country of Guyana is expected to continue on an upward trajectory and one analyst says the pace of this growth will really be determined by the infrastructure, incentives and framework the...

Qatar bases 2022 budget on oil price of $55/b

(S&P Global Platts) Qatar has based its 2022 fiscal budget on an average oil price estimate of $55/b, up from $40/b in 2021, thanks to the improvement in international energy prices, the country's finance minister said Dec. 7. "The remarkable...

Guyana seeing “tremendous interest” in oil block up for auction next year – Bharrat

Guyana is already seeing “tremendous interest” in one of the remaining oil blocks to be auctioned next year in what is now known to be a highly prospective basin where over 10 billion barrels of oil equivalent have already...

Trinidad opens competitive bid round for 17 deep water blocks

The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022. The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...

First class access to healthcare, education part of Ali’s vision for new Guyana

President of Guyana Dr. Mohamed Irfaan Ali gave a masterclass to academics at the Harvard University Business School on Monday, during which he outlined how the country’s growing oil and gas sector will push Guyana’s economy forward in a...

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Guyana charters 36 MW powership to meet increased power demand for next two years – GPL

State electricity company, Guyana Power and Light (GPL) has entered into a two-year contract with Urbacon Concessions Investments, W.L.L...