ExxonMobil Guyana has once again offered its full support for the Guyana Energy Conference and Supply Chain Expo billed for the Marriott Hotel from February 19 – 22, 2024.  

The Guyana Energy Conference and Supply Chain Expo is delighted to announce ExxonMobil Guyana as the title sponsor for the third consecutive year. As a global leader in the energy sector, ExxonMobil’s support underscores its commitment to advancing dialogue and collaboration in the dynamic landscape of the energy and supply chain industries. 

The Secretariat for the Guyana Energy Conference and Supply Chain Expo is pleased that ExxonMobil Guyana has chosen to be associated with this high-profile event in this capacity.  

Commenting on the sponsorship, President of ExxonMobil Guyana, Alistair Routledge said, “our continued support for this event is an undeniable signal of our commitment to contribute to the robust growth of the local energy sector and sustainable development of Guyana.”  

Kurt Baboolall, Chief Executive Officer of the Conference believes that the company’s participation at this level is testament to the success of the two previous conferences.  

He said, “We are honored to have ExxonMobil Guyana as the title sponsor for the third consecutive year. Their unwavering commitment to our conference underscores the significance of our shared goals in promoting advancements and collaboration within the energy sector.” 

The Conference, to be held under the theme, ‘Fueling Transformation and Modernisation’ is expected to assemble an impressive line-up of industry experts, policymakers and foreign officials to the benefit of local and international entrepreneurs.  

ExxonMobil Guyana will play a pivotal role in shaping discussions, sharing insights, and contributing to the overall success of the Guyana Energy Conference and Supply Chain Expo. The collaboration will provide a platform for the company to showcase its commitment to innovation, people and sustainability.  

The Guyana Energy Conference and Supply Chain Expo is an annual event that brings together industry leaders, policymakers, and stakeholders to discuss the latest developments, challenges, and opportunities in the energy and supply chain sectors. The conference aims to foster collaboration, innovation, and sustainable practices for the future of the industry. 

Opportunities are available for other companies to offer their support as sponsors in the Platinum, Diamond, Gold and Silver categories.  

While it varies, sponsorship opportunities allow for a wide range of branding and exposure for building network and expanding operations.  

Persons and companies interested in booking any of the sponsorship packages are advised to visit the website www.guyanaenergy.gy  to download and complete the sponsor registration form.  

General delegate registration for the Conference and Expo is also open for in person and virtual participation and persons can do so by also visiting the website before February 10, 2024.  

Exhibitions are hosted simultaneously with the main conference and exhibition packages are available separately for those interested.  

Book your booth or your seat to the conference and benefit from other promotional opportunities TODAY! 

Energy Conference and Supply Chain Expo seeking to highlight more opportunities for Guyanese in Oil and Gas

Jan 30, 2024

Minister of Natural Resources, Vickram Bharrat believes Guyana has made significant leaps and bounds since the 2023 Energy Conference.

At a press conference this morning on this year’s conference which will take place from the 19th to 22nd February, the Natural Resources Minister said this year’s event will provide additional opportunities to Guyanese businesses across the various sectors.

“By the time of the conference on the 19th of February, we will be producing comfortably at 600,000 barrel per day average. At the last energy conference, we were about 380,000 to 390,000 barrels per day. So, a lot has happened since the last energy conference to this one. And increase in production definitely spells opportunities – opportunities throughout the value chain, opportunities for the private sector in the provision of goods and services,” Minister Bharrat said.

The Natural Resources Minister said the Guyana Energy Conference and Supply Chain Expo will create an ideal platform for small, medium and large-scale businesses and companies to network and build partnerships.

Minister Bharrat said since the Local Content Act was brought into effect in December 2021, there has been an increasing number of joint venture partnerships involving local and foreign companies seeking to tap into the booming oil and gas Industry, as well as other related industries.

He said “since then, we have seen the smooth implementation of the legislation by Local Content Secretariat, and what we have witnessed is a number of joint ventures, partnerships between international investors and our local private sector, and that was the objective of having a Local Content Legislation”.

According to the Minister, given the growth in the industry; the Government is considering the possibility of increasing the number of services listed in Schedule 1 of the Local Content Act. Currently, the schedule caters for 40 services, and details what percentage of those services must be provided by Guyanese-owned and controlled businesses.

Chief Executive Officer (CEO) of the Guyana Energy Conference and Supply Chain Expo, Kurt Baboolall said in addition to the 30 sponsors currently onboard, the country’s premier energy conference has already attracted 200 exhibitors, and hundreds of delegates from 19 different sectors across 21 countries.

He said the Energy Conference and Supply Chain Expo will cover a range of topics, including “Shaping the Future of Energy; Trends and Challenges; Best Practices; Building Resilience in the Global Supply Chain; and Growth and Collaboration – Strategies for Emerging Economies, among others, and Guyanese, he said should seize the opportunity”.

“The way that we have built out the event is that there is access to participate from every level from small businesses to even entrepreneurs, self-employed persons, SMEs to families because it is a family-oriented event. But you can participate by just purchasing a $1000 for an exhibition ticket, come in with your business cards, come in with your proposals, come in with your CVs. There are 200 exhibitors, who are there to interact with you. So, I do believe there is opportunity for every person at different level. There are opportunities for our sponsors, there are opportunities for our exhibitors, there are opportunities for our delegates, and there are opportunities for the persons coming into the exhibition,” he explained.

The President of Guyana, Irfaan Ali; the Prime Minister of Trinidad and Tobago, Dr Keith Rowley; the Prime Minister of The Bahamas, Philip Davis; the Prime Minister of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and the Minister of Industry, Energy, and Technology of Newfoundland, Canada, Andrew Parsons are among the growing list of dignitaries and world leaders, who are expected to join a long list of industry experts, policymakers and foreign officials at the conference next month.

Director of the Guyana Office for Investment (GO-Invest), Dr Peter Ramsaroop; Chairman of the Private Sector, Komal Singh; and GTT’s Chief Operations Officer, Orson Ferguson were among the other officials present at the press conference, offering their wide-ranging support for the upcoming event.

 

Read more

‘Significant discovery’ at Lancetfish-2 oil well

Oct 26, 2023

See below full statement issued by the Ministry of Natural Resources:

The Ministry of Natural Resources (MNR) is pleased to announce that the Lancetfish-2 appraisal well in the Stabroek Block has resulted in a significant discovery.

This marks the fourth offshore discovery in Guyana for the year 2023 and brings the total number of discoveries from 2015 to date to a total of 46.

The earlier discoveries made in 2023 include Fangtooth SE-1 and Lancetfish-1 in the Stabroek Block, as well as the Wei-1 discovery in the Corentyne Block.

The Lancetfish-2 discovery in the Liza Petroleum Production License area has unveiled an estimated 20 meters of hydrocarbon-bearing reservoir, along with approximately 81 meters of additional hydrocarbon-bearing sandstone.

This newly discovered reservoir will undergo a comprehensive appraisal process, which aligns with the ongoing appraisal activities for other discoveries in the region.

Guyana hitting major milestones with solar power projects – GEA Head

May 20, 2024

By Kiana Wilburg, CEO of Guyana Energy Conference & Supply Chain Expo

Even as Guyanese authorities accelerate oil production offshore, strategic steps are being taken to diversify the nation’s energy mix. According to the Head of the Guyana Energy Agency (GEA), Dr. Mahender Sharma, Guyana is already hitting major milestones in replacing diesel with solar power through various projects country wide.

During his interview on the Energy Perspectives Podcast – powered by the Guyana Energy Conference and Supply Chain Expo – Dr. Sharma explained that the GEA, a semi-autonomous body, has been working with the government to implement an ambitious renewable energy programme.

In this regard, he highlighted the progress made on a project geared towards distributing 30,000 Solar Home Energy Systems to Hinterland and Riverine communities.

“We signed the contract for this project in November 2022We went through four iterations (of the design) to make those units rugged enough so that persons can install them as an almost do-it-yourself type of feature.

“We then moved this to manufacturing in India and then they packed forty 40 ft containers in 2023. In 2023 as well, we distributed more than 28,000 units…To date, 29,416 units have been distributed,” Dr Sharma explained.

The official said that the Solar Home Systems are outfitted with a 160-Watt panel, two lights, a fan, and an ability to charge mobile devices.

Complementary to this initiative, he said, is a project that entails the installation of mini-solar grids across the country. Dr. Sharma explained these solar mini grids are 35 to 50 kW systems.

Thus far, 31 solar mini grids have been installed, with 21 commissioned last year.

“The impact has been quite significant because there are schools, health centers, and community buildings that didn’t have electricity before…We saw a doctor in Orealla, for example, who was extremely grateful for having electricity at night… they were able to do things that they couldn’t do normally.”

Dr. Sharma was also pleased to share the impact of solar mini grids on schools, which can now provide televised teaching programmes from the Learning Channel.

“Students are now able to operate a computer, print documents, things we often take for granted on the coast…So we have seen significant impact,” Dr. Sharma shared.

He also disclosed the progress being made with the installation of solar farms which range from .6 to 1.5MW. In August 2022, the GEA commissioned its first mega scale solar farm at Lethem which carries 1MW and since its commissioning, Dr. Sharma said it has displaced more than 3,400 drums of diesel.

He noted also that a 1.5MW solar farm was installed at Bartica, displacing 2200 drums of diesel. Dr. Sharma said another solar farm is set for commissioning at Mahdia soon.

For the remainder of 2024, the solar power agenda includes a .75MW solar farm at Wakenaam, a .6 MW solar farm at Leguan, and a 1.2MW solar farm for the Mazaruni Prison. The GEA will also be working with the Guyana Water Incorporated (GWI) on solar installations totalling 1.2MW at eight water treatment plants. Additionally, 50 public and community buildings will be outfitted with solar panels.

Dr. Sharma said these efforts will no doubt build upon the milestones already achieved in just three short years. For 2020, he noted that the GEA had 5.35 megawatts of solar installed in the country and by the end of 2023, that went up to 14.62MW.

“Overall, I am personally very proud of what that means for us as a nation and I feel very proud to be part of that development for us,” Dr Sharma said.

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