Tag Archives: Energy

GUYANA: ExxonMobil makes two more oil discoveries offshore

Exxon-Stena Drillmax

IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field.

These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels.          Continue reading

GUYANA: GPL plans US$300 million investment but electricity theft major problem- CEO

The Guyana Power and Light (GPL) plans to invest US$292 million in building a modern transmission and distribution system, and the company is banking on behavioural change to stop losing GYD$4 billion (US$18.6 million) annually to electricity theft, said Chief Executive Officer Bharat Dindyal.

“We have developed a masterplan for transmission and distribution,” he told a webinar organised by the Public Utilities Commission (PUC) on “Energy and Electricity: What we should all know? “. Continue reading

ENERGY: ‘Insanely cheap energy’: solar power continues to shock the world

Solar is now officially cheapest form of energy – IEA

IEA’s Executive Director, Dr. Faith Birol

May 02, 2021 – Kaieteur News – According to the estimations of the Paris-based International Energy Agency (IEA), solar energy has not only become the cheapest form of energy, but is also poised to become king of global electricity markets.

The intergovernmental organisation which works with countries around the world to shape energy policies for a secure and sustainable future, made this conclusion known in its recent publication of World Energy Outlook 2020. This document is a yearly study that allows the agency to map possibilities for the future.

In the WEO-2020, the agency outlines the “extraordinarily turbulent” impact of the coronavirus on the now “highly uncertain” future of global energy use over the next two decades. The IEA in its highly influential annual outlook offers four global energy “pathways” to 2040, all of which see a major rise in renewables.        Continue reading

Guyana: Pres. Granger commissions new power station in Bartica

—  solar farm plans moving ahead

The new Bartica Power Station.

President David Granger Saturday morning December 28, 2019 commissioned a US$3.4 million power station at Dogg Point, Agatash in Bartica, Cuyuni-Mazaruni (Region 7), where he noted that it will bring unprecedented relief to residents who have experienced severe power outages over the years.

The President in his address at a simple ceremony, said it is inconceivable that Guyana can be on a path of development and ignore the evolution of its hinterland communities.          Continue reading

Exxon-Mobil: First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday.

The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”.

After clearing customs, the vessel will be moored to the seabed (known as spread mooring) in preparation for production, storage and offloading of Guyana’s oil.          Continue reading

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