By Dr. Lorraine Sobers - OilNOW The year 2022 has been an intriguing one for Guyana’s energy sector: oil production and reserves have grown significantly, local content legislation came into full force, legal local content disputes arose and were settled,...

Months after a contract for the construction of the Amaila Falls Hydropower Project (AFHP) collapsed, the government is working on reopening tenders. This is according to President Dr. Mohamed Irfaan Ali. “We’re doing assessments now. We have quite a lot...

CH4 Guyana Inc & Lindsayca Inc, the US-based partnership that will construct the onshore facilities for Guyana’s Gas-to-Energy project, has signalled its interest in building the nation’s first refinery. The US group in collaboration with Sol Guyana Inc. recently submitted its...

Dutch firm Koole BV has been awarded a GY$1.38 billion (US$6.6 million) contract to remove 17 hazardous wrecks from Guyana’s waterways as marine activities surge. The company specialises in industrial demolition, remediation, wreck removal, and marine construction. This is its...

With no known commercial hydrocarbons just seven years ago, Guyana is now the holder of the 17th largest oil reserves in the world. Aggressive exploration activities off the country’s coast, mainly by US oil major ExxonMobil, have seen major discoveries...

In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.” Senior Minister in the Office of the...

The ongoing energy crisis has caused investors to rethink financing for fossil fuels. According to Consultancy Group, Wood Mackenzie, the more measured approach accounts for real-world constraints on global financial institutions and corporations in making long-term financing and capital...

With 11 billion barrels of oil equivalent (boe) unlocked in the Stabroek Block, there is an urgent need for Guyana to be outfitted with facilities to support the development of this massive resource base. These include laydown yards, deep water ports,...

Guyana President Dr. Mohamed Irfaan Ali announced the opening of the country’s first competitive offshore bidding, early Friday morning, offering “25 billion potential barrels” to entrants. The round will be open until April 14, 2023. Evaluations and negotiations will follow,...

Guyana is inviting proposals from suitable firms to install the transmission lines and substations for the integration of the new 300-megawatt (MW) combined cycle gas turbine power plant to be constructed at Wales, West Bank Demerara. The US-based partnership CH4/Lindsayca will be constructing...