THE foremost energy conference in Guyana has been rebranded as the ‘Guyana Energy Conference and Supply Chain Expo’. This year, the conference will prioritise the pursuit of transformation and modernisation.

This is according to Chief Executive Officer of the Guyana Energy Conference and Supply Chain Expo, Kurt Baboolall who, in a telephone interview, told the Guyana Chronicle that the goal this year will be to make the expo a family-oriented one set to foster learning.

Giving some background on the rebranding of the conference, Baboolall stated that in Guyana, the income from energy resources is being used to develop all other sectors across the country, and as such, it was important that this be highlighted.

In light of this, he further emphasised that the energy sector is dependent on various other sectors to ensure its efficiency and functionality. Consequently, recognising the interdependence between the energy and other sectors, the team deemed it essential to take action.

However, with this in mind, the theme for this year’s conference is, “Fuelling Transformation and Modernisation.”

“So, we have seen a lot of transformative projects starting in Guyana since we started to lift oil in 2020. So that’s one of the reasons we thought that fuelling transformation would be more aligned with what’s relevant and happening in Guyana right now,” he said.

When asked about plans for this year’s conference, he stated that the goal this year is to make the expo a family-oriented one, as energy is currently the driving force of the country’s economy.

Baboolall told this newspaper that he believes that everyone should be included, and as such, the exhibition will be built to include everyone. It was then that he noted that kids could attend the conference free of cost, once accompanied by an adult.

Added to this, he noted that the conference, which will be hosted at the Guyana Marriott Hotel from February 19th to February 22nd, 2024, will feature a new attraction: an international food court.

This food court will provide patrons with an array of food options from across the world and even indigenous dishes from Guyana.

“Persons coming to the expo, it’s diverse; we have international attendees, we have regional attendees, and we have locals. We want to be able to illustrate culture through cuisine, so that’s going to be our theme for the international food court,” Baboolall expressed.

Further to this, he noted the expo will be built so that attendees can learn about what’s happening in the sector and with players in the energy market.

He added that throughout the days of the conference and expo, those in attendance will learn about energy, the energy players, the supply chain, and even companies that provide support to the energy sector.

“We want people to leave with value in terms of learning, you must come, learn about something, the energy players, learn about where they fit in the sector,” he iterated.

In line with the commitment to education, Baboolall announced that there will be a prominent display at the conference and expo entrance, showcasing the remarkable journey of oil in Guyana.

In the context of the conference, he mentioned that the agenda includes more than 66 speakers, including several heads of state who have already confirmed their attendance.

Among these are the Prime Minister of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani; the President of Suriname, Chandrikapersad Santokhi; the Prime Minister of Trinidad and Tobago, Keith Rowley; and Prime Minister of The Bahamas, Phillip Davis, among others.

Guyana’s Head of State, President, Dr Irfaan Ali, Vice-President, Dr Bharrat Jagdeo, and Prime Minister, Brigadier (Ret’d) Mark Phillips will also be in attendance.

From a global private sector perspective, the CEO added Pulitzer prize-winning author and long-time energy and economic consultant, Daniel Yergin will be in attendance.

Further to this, Baboolall encouraged those who are desirous of attending Guyana’s premier energy conference and expo to register at guyanaenergy.gy

 

Read more here: https://guyanachronicle.com/2024/01/18/rebranded-energy-conference-emphasises-transformation-modernisation/

Guyana Energy Conference and Supply Chain Expo: Local Private Sector called on to step up game, seek partnerships

Jan 30, 2024

The upcoming Guyana Energy Conference and Supply Chain Expo will place spotlight on the grand scale of opportunities available for investment in the country’s blossoming economy, to which the local Private Sector has been urged to step up their game and seek partnerships. The third edition of the exposition is slated for February 19-22, 2024 under the theme: Fuelling Transformation and Modernization.
During a media briefing on Monday, Natural Resources Minister Vickram Bharrat recognised that Guyana is one of two hotspots for investment globally, but it has an advantage over Namibia in Africa, which is now moving towards production.
By February, Guyana will be producing a massive 600,000 barrels of oil per day, and with increased production comes increased opportunities, and with this ramped-up generation comes a new wave of economic openings.
“At the last energy conference, we were 380,000 to 390,000 barrels per day. A lot has happened from the last conference to this one, and increase in production definitely spells opportunities; opportunities throughout the value chain, opportunities for Private Sector and the provision of goods and services.”
Consequently, the Ministers stressed that it is important for the local Private Sector to use this platform as one to engage, network, and build partnerships. Local businesses were also versed that after the Local Content Act was finalised, several joint ventures have been created, and new investors are seeking partnerships, since schedule One of the frameworks can be amended at any time.

“Even though our Schedule One in the Local Content Legislation is limited to 40 carved out services, today it might be very different. What we have noticed is that almost every single investor coming to invest is now looking for a local partner, regardless if the service is in Schedule One or not.
They’re still looking for a local partner, because that schedule can be amended at any point in time…At any point in time, we can add services to that schedule, we can increase targets to the existing schedule. So, investors coming to Guyana fully aware of that, and because of that Act, fact we have seen massive development in our local Private Sector,” the Minister explained.
Further reiterating that Guyana’s buildout is not only focused on oil and gas, Bharrat relayed Government’s intention to attract investments in all sectors, and in so doing, there will be room for everyone to participate. The oil and gas industry is being seen as a medium to energize other sectors, where resources can be funnelled to create a robust and sustainable economy.
“We don’t want to be seen as an oil-based economy, even though some people may look at us as a new kid on the block in terms of production. We want to showcase, and we want to bring in investment in all sectors. We are not going to make the same mistake like many countries by revenue as soon as we start flowing.”
Additionally, Chief Executive Officer of the Guyana Office for Investment (GO-Invest), Dr Peter Ramsaroop, sounded the call for local businesses to take advantage of the budding opportunities, but in doing so, they must step up their game.
Some 200 exhibitors are expected for this year, spanning 21 countries.
He expounded, “When you think of Guyana as a powerhouse, and you look at the type of visitors that will be in our country, I would advise our local Private Sector to really take the advantage. These folks are here looking to make money, and we don’t have a problem with that, but our Private Sector needs to understand that they have to step up their game. Look for the right partnership, participate, and demonstrate our capacity and capability.”
Attention is already set on the larger investment from 2025 to 2030, and how the economy can be diversified, Ramsaroop added.
The GO-Invest Head pointed out, “If you think of these folks coming in the country looking at oil and gas, realizing we’ve got the best silica sand in the world, we can be building the solar panels. Bauxite can go to aluminium, or we can have a gold refinery. These sounded far-fetched five years ago, but now they’re becoming a reality.”
Meanwhile, Private Sector Commission (PSC) Chairman Komal Singh has already asserted their readiness to participate fully, noting that just over the last two years, billions have been invested by private stakeholders.
Singh reported, “The Private Sector is very excited to be part of it, and we want to emphasize the importance of when you here to work with our Private Sector, to work with businesses locally. We want to create that platform where we can collaborate and create partnerships with companies that have the right technical expertise, the capital to support these investments.”
Thus far, some 19 different sectors are participating, with a focus on growth, sustainability and diversification. To ensure a balance in these industries would mean that traditional sectors need to keep up with the pace of development.
The conference will touch on shaping the future of energy; trends and best practices; the oil and gas value chain; emerging technologies to shape the energy landscape; building resilient supply chains in the face of disasters; and collaboration strategies for emerging economies, among other things.
Chief Executive Officer Kurt Baboolall outlined, “The theme connects the other industries, because without infrastructure, how can persons move their products along the roadway? We look at agriculture, farm-to-market roads, so the energy sector does not operate within a silo, and there is a correlation for other sectors here. If they cannot corelate in terms of progess or increase, then you will see the energy sector stifling.
Several high-level officials are slated to attend, namely: Prime Minister of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani; former Colombian President Ivan Duque; Dominican Republic President Luis Abinader; Surinamese President Chandrikapersad Santokhi; Bahamian Prime Minister Philip Edward Davis; Trinidad and Tobago Prime Minister Dr Keith Rowley; and Caricom Secretary-General Dr Carla Barnett.

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Subsea 7 and Van Oord consortium awarded contract offshore Guyana

Aug 02, 2022

Subsea 7 and Van Oord have announced the award of a substantial contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres. Although a contract value has not been announced, Subsea 7 has indicated that the contract is between USD150m and USD300m

The scope covers the project management, engineering, and installation of approximately 190 kilometres of pipeline, with an associated shallow water portion and onshore approach making landfall to the west of the Demerara River, along the coast of Guyana.

Craig Broussard, Vice President for Subsea 7 US, said: “We are honoured to have been selected for Guyana Gas to Energy. This is an important project to support the Guyanese people and we look forward to continuing our relationship with EEPGL in one of the most prolific and exciting development basins in the world.”

Hans van Gaalen, Commercial Director for Van Oord, adds: “Van Oord is honoured to have been selected for the Guyana Gas to Energy project in cooperation with Subsea 7. Developing the coastal infrastructure for the project will allow our Subsea 7 and Van Oord consortium to positively contribute to the development of Guyana’s electricity supply which in turn will reduce Guyana’s dependence on imported fuels.”

Over 21 countries, 19 sectors part of 2024 Energy Conference, Expo

Jan 30, 2024

With an expanded focus and already a premier event in the region, the third edition of the Guyana Energy Conference and Supply Chain Expo will attract participation, at the highest level, from more than 21 countries and will see 19 sectors – outside of the energy sector – involved.

Billed for the Guyana Marriott Hotel from February 19 – 22, 2024, this conference and expo will be the largest to date and to support this assertion, Chief Executive Officer Kurt Baboolall disclosed during a press conference on Monday, that over 200 exhibitors are already on board.

The conference and expo carries as part of its official name “supply chain” and Baboolall explained that not just the energy and oil and gas sectors will have a space at the highly anticipated event but it has opened up several opportunities for Guyana’s story of “Fueling Transformation and Modernisation” to be appropriately told and put on display.

He believes this theme is truly reflective of the remarkable growth of the Guyanese economy over the last three years and said all large and small businesses, entrepreneurs and families are welcome to attend and participate.

“There is no singular meaning to the theme but from a macro lens, it shows how income from energy resources is supporting other developments and other sectors and transforming and modernising it.

“You look and you see the new highways, the new modern hospitals, schools… and the theme connects to other industries… and how other sectors co-relate,” Baboolall noted.

The story of growth also expands to sustainability and diversification and to add value to this, the conference will be addressed by several dignitaries and heads of government, headlined by President Dr. Irfaan Ali and Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the Prime Minister of Qatar.

Other world leaders to attend include the Prime Minister of Trinidad and Tobago, Dr Keith Rowley; the Prime Minister of The Bahamas, Philip Davis; the Prime Minister of Barbados Mia Mottley, the President of Suriname Chandrikapersad Santokhi along with serving ministers and former presidents.

“We will discuss 19 topics over the four days… some interesting ones: Trends Challenges and Best Practices; Building Resilient Supply Chain in the Face of Disruptions; Growth and Collaboration Strategies for Emerging Economies and Investing in Guyana,” Baboolall explained.

There is strong government support for the conference in a coordinated push to make the conference the leading energy event in the hemisphere and to demonstrate this, Baboolall was joined at the press conference by the Minister of Natural Resources Vickram Bharrat and the country’s Chief Investment Officer and Agency Head for the Guyana Office for Investment, Dr. Peter Ramsaroop.

Also present was the Chairman of the Private Sector Commission, Komal Singh.

“We will continue to work together, government and the committee to make this expo the premier expo in this hemisphere.

“I think already we are on our way to achieve that and we are now competing with some big ones in Texas but I think we can rival them,” Bharrat boasted.

He said Guyana is one of two hotspots for oil and gas investment in the world right now, the other being Namibia in Africa but noted that the development of Guyana’s industry is advanced.

By the start of the conference, Guyana’s oil production will be at 600, 000 barrels per day up from about 380, 000 barrels when the last conference was hosted.

“A lot has happened from the last conference to this one… this conference is also important for bringing more opportunities to Guyana,” the Natural Resources Minister added.

His sentiments were backed up by the other members of the head table.

“These folks are here looking to make money… but the private sector needs to understand that they need to step up their game also… demonstrate our capacity and capability,” Dr Ramsaroop added.

Meanwhile, the PSC Chairman said, “Let’s capitalize on this opportunity to meet the right people and partner with the right people… they [international investors] can capitalize on the growth demand in the manufacturing sector but also a robust logistics hub is important.”

The Guyana Energy Conference and Supply Chain Expo is poised to be a landmark event, facilitating discussions that will shape the trajectory of the energy sector in Guyana and beyond.

 

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