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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 used for energy generation or reinjected into Guyana’s offshore wells. The government has a ‘no...

Exxon, Equinor looking to expand oil development offshore Brazil

(Reuters) - Equinor SA and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters. The firms want to boost future production from the Bacalhau oil field, Equinor's...

T&T appoints Chair of National Gas Company as High Commissioner to Guyana

Conrad Enill, the current Chairman of Trinidad and Tobago’s National Gas Company (NGC) is now the twin-island Republic’s High Commissioner to Guyana. His appointment comes at a time when Guyana is amassing considerable natural gas reserves in the offshore Stabroek Block, and...

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...

US$40M pipe coating facility aims to support deepwater operations, gas-to-energy project

A US$40 million deepwater pipe coating facility was launched during a ceremony at the Guyana Marriott Hotel in Kingston, Georgetown on Wednesday evening, by Pipe Coating Guyana (PCG) Inc. The ceremony marks the operationalisation of a state-of-the-art facility purposed...

Guyana gas potential could be as lucrative as oil; draft master plan in play – VP

Guyana’s gas reserve is currently estimated to be 16 trillion cubic feet (Tcf). It surpasses Trinidad and Tobago’s 11 trillion cubic feet (Tcf) which ranks 36th in the world. Given the significance of the gas discovered so far and the government’s...

CGX, Frontera announce discovery of light oil, gas condensate at ‘plugged and abandoned’ well

Following their receipt of integrated results for the Kawa-1 well, Canadian joint venture partners, CGX Energy Inc. and Frontera Energy Corporation announced on Monday that the “finder well” successfully unlocked light oil and gas condensate at the Corentyne Block. Gabriel...

Port of Vreed-en-Hoop: More than just a shore base

On the surface, the multi-billion dollar ‘Port of Vreed-en-Hoop’ may seem like it will be a regular shore base facility, but it’s intended for much more than that. Three businessmen – Andron Alphonso of ZRN Investment Inc., Nazar Mohammed of Hadi’s World Incorporated and...

Exxon’s fibre optic cable, gas pipeline to follow similar route

The upcoming Gas-to-Energy pipeline, which ExxonMobil Guyana will construct starting this year, will have a series of security measures including a fibre optic cable. In a project summary submitted to Guyana’s Environmental Protection Agency (EPA), ExxonMobil said the fibre optic cable...

Guyana considers second gas pipeline to monetise growing reserves

The possibility exists for Guyana to add a second gas pipeline as ExxonMobil and its partners make more and more discoveries offshore the South American country. Guyana’s Minister of Natural Resources, Vickram Bharrat said the government is considering heading this...

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What we know about ExxonMobil’s proposed Haimara project

ExxonMobil Guyana has formally begun the environmental authorization process for its proposed Haimara development offshore Guyana. Haimara would be...