The Government of Guyana has paved the way for the gas to shore project to come to life by 2024. The Cabinet today issued a “no objection” to the construction of the first of its kind facility in Guyana. The project includes the construction of a 300mw combined cycle power plant and natural gas liquids facility.

This breakthrough decision will now permit negotiations to begin in earnest between the government and the winning bidders CH4/Lindsayca — with a goal to have the terms of the agreement finalized by the end of this month.

This is a significant breakthrough for the project. Earlier this year at the inaugural International Energy Conference and Expo Guyana, focus was placed on Charting a Sustainable Energy Future. The gas to shore initiative will be a critical component to getting there.

H.E. President Ali made it clear at the event that the offshore gas drilling taking place at breakneck pace must benefit the Guyanese people as a whole and not just those connected to the business. This project will lead to lower energy costs significantly while maximizing the use of by-products from drilling.

In his announcement today Dr. Ali said “a family at the end of this project that now pays $20,000 per month in light bill or electricity costs will see that cost coming down to $10,000.”

 

 

 

ExxonMobil Guyana Named Title Sponsor for the Third Consecutive Year at the Guyana Energy Conference and Supply Chain Expo 2024

Jan 04, 2024

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! 

Honourable Andrew Parsons, Minister of Industry, Energy, and Technology of Newfoundland, Confirmed as Speaker at Guyana Energy Conference and Supply Chain Expo 2024

Jan 04, 2024

The Guyana Energy Conference and Supply Chain Expo returns for its third installment in February 2024 with an impressive lineup of industry experts, policymakers and foreign officials who will offer insights as keynote speakers and through their participation in several panel discussions.  

The Guyana Energy Conference and Supply Chain Expo is thrilled to announce the participation of the Honourable Andrew Parsons, Minister of Industry, Energy, and Technology of Newfoundland, as a distinguished speaker at the upcoming event. Minister Parsons will share insights and expertise on sustainability and diversification, offering a valuable perspective on the global energy landscape.  

Scheduled for February 19, 2024, at the Marriott Hotel in Georgetown, Guyana, the conference is a premier gathering of industry leaders, policymakers, and stakeholders committed to shaping the future of energy and supply chain sectors. 

He will be joined by President of Guyana, Dr Irfaan Ali; Prime Minister of Trinidad and Tobago, Dr Keith Rowley and Prime Minister of The Bahamas, Philip Davis along with several others to be announced at a later date.  

Minister Parsons brings a wealth of experience and leadership in the energy and technology sectors, making him a prominent voice in discussions related to sustainability and diversification. His participation highlights the international significance of the Guyana Energy Conference and Supply Chain Expo as a platform for fostering collaboration and sharing best practices.  

The session featuring Minister Parsons will delve into the critical aspects of sustainable energy practices and the importance of diversifying energy sources for long-term resilience. Attendees can expect to gain valuable insights into the strategies and initiatives that Newfoundland has undertaken to achieve sustainability goals.  

The inclusion of Minister Parsons as a speaker enhances the conference’s reputation as a hub for thought leadership and meaningful dialogue, providing attendees with unique perspectives and actionable strategies for navigating the evolving energy sector. 

The Secretariat also aims to broaden its platform to include focus on a number of industries for potential investment, such as health, information and communication technology, tourism, manufacturing, agriculture and mining. 

The Guyana Energy Conference and Supply Chain Expo fosters the growth and creation of strategic alliances among companies and industry experts. Participants will network with key stakeholders, including operators, international service companies, government agencies and officials. 

About Andrew Parsons: 

Andrew Parsons has represented the district of Burgeo – La Poile since 2011. A lifelong resident of Channel-Port aux Basques, he trained as a lawyer and was called to the Newfoundland and Labrador bar in 2005. Mr. Parsons practiced law in the region before entering provincial politics. He previously served as the Opposition House Leader and the opposition critic for Justice, Health and Community Services, and other key portfolios. 

On August 19, 2020, he was sworn in as Minister of Industry, Energy and Technology and Attorney General. 

He earned a Bachelor of Arts from the University of New Brunswick before receiving a Bachelor of Laws from the University of Saskatchewan College of Law. While at University, Parsons was involved in various extracurricular activities and student associations. 

Int’l Group Investment Inc., another Guyanese firm, wins bids for 2 oil blocks

Oct 31, 2023

International Group Investment Inc. (IGI) is a 100% Guyanese owned and operated company which recently won bids for two blocks in the shallow waters (S5 and S10) in the concluded Guyana Licensing Round 2022.

IGI Inc. Guyana is led the through Directorship of Guyanese Citizens Dr. Levi Wilson Odoe who by profession is a Lawyer and International Arbitrator; and Mrs. Esther Allison Odoe, Director and Legal Advisor, was educated in Law at Nottingham Law School, UK; holds an LLB Hons Degree.

IGI Inc. prides itself on being a leading force in the construction, education, agriculture, and the Oil and Gas industries. With a legacy of excellence spanning ten years internationally, its commitment to innovation, quality, and client satisfaction remains unwavering.

In the construction sector, it has earned a reputation for transforming dreams into reality, whether it’s creating stunning residential spaces, innovative commercial developments, or vital road infrastructure. Its expertise and dedication shine through in every project, reflecting its core values of integrity, excellence, and safety. In addition to its construction endeavors, it is actively engaged in the dynamic world of Oil and Gas.

IGI Inc. understand the vital role this industry plays in powering economies and improving lives. Its exploration, production, refining, and distribution services are all geared towards delivering reliable energy solutions while prioritising sustainability and environmental stewardship.

At IGI Inc., its client-centric approach is the cornerstone of its operations. It collaborates closely with clients to understand their unique visions and requirements, ensuring that every project undertaken, whether in construction or the Oil and Gas sector, is tailored to meet specific goals and objectives.

It has, in complying with Guyana’s Local Content Policy identified four working pillars that will ensure its objectives are met upon commencement of operations in blocks S5 and S10;

These pillars include;

  • Employment Opportunities

IGI Inc. encourages local capacity building through close cooperation with local communities, including business interests, as well as developing the enterprise’s activities in the domestic market consistent with the need for sound commercial practice guided by Guyana’s Local Content Policy; we encourage human capital formation, in particular by creating employment opportunities and facilitating training opportunities for employees. Greater preference of employment will be immediately granted to Guyanese favourable to more than 70%, and where lacking consideration of outsourcing will be given. To ensure that the standards of delivery and performance is maintained, constant capacity building through training will be moduled and executed which further will be measured through quality assurance checks

  • Supply Chain

Recognizing and appreciating the intent to build capacity among local micro and macro businesses, IGI Inc. intends to work closely with the already established Guyana Centre for Local Business Development to assist in the sourcing of suitable local contractors which will aid in transportation, maintenance, security, procurement etc. IGI Inc. business model envisages that it can achieve its economic, environmental and social goals through managerial decisions and actions that facilitate strategic and transparent integration of key business processes cooperation among participants in supply chain. It believes that by giving local suppliers the opportunity to deliver, their standards of service will be significantly improved. First preference will always be given to Guyanese suppliers

  • Societal Development

While IGI Inc. continues to develop blocks, it has not lost sight of its commitment to play its role as an enlightened corporate institute. Corporate Social Responsibility will always be on its agenda. Further pursuant to the Ministry of Natural Resources Corporate Social Responsibility Framework 2017- 2020 which gives guidance on how companies, particularly those in the extractive industries sector, can make a tangible contribution to the development of all Guyanese; IGI Inc. will be guided but as a company has already identified areas of interest which it believes can make contributions immensely such as; water and food security, rural health care, education etc.

  • Environmental Sustainability

IGI Inc. being a reputable company understands the importance of environmental suitability and the need for minimal carbon footprint will liaise with the Environmental Protection Agency to ensure best practices are enforced at all times. IGI Inc. commits to;

  • Ensuring environmental sustainability, ecological balance, protection of flora & fauna, animal welfare, agroforestry, conservation of natural resources & maintaining quality of soil, air & water;
  • Contribution towards Natural Disaster Mitigation and for such other purposes and activities as may be permitted, from time to time.
  • Give support to Non-Governmental Organisations that focuses on environment conservation and ecosystem preservation

Director Dr. Odoe, commends the Government of Guyana immensely for creating such enabling business environment and opportunities for investments that is attracting the global business community. We look forward to a successful working partnership.

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