ENERGY ANALYTICS INSTITUTE (EAI) 2 December 2020. (Petroleum Economist, 2 c.2020) — Crumbling oil prices and volatile energy demand have tipped Latin America into a sharp recession, exacerbated by one of the world''s worst Covid-19 mortality rates. But in Suriname and Guyana, at least, there are reasons to be cheerful.
The Centrale Electrique de l''Ouest Guyanais (CEOG) project under construction in French Guiana, will be the world''s biggest hydrogen-based renewable energy storage facility, upon completion. Also called the Western French Guiana power plant, the project includes a 55MW photovoltaic (PV) solar park and a 128MWh hydrogen …
Guyana''s gas-to-energy project involves the development and utilisation of natural gas resources for domestic power generation as well as other industrial and commercial uses. …
Argentina to launch call for energy storage proposals November 9, 2023 Argentina is set to launch a call for expressions of interest (EOI) for energy storage projects as it looks to reach 20% renewable energy in 2025. Email Newsletter Email Address Firstname ...
ENERGY ANALYTICS INSTITUTE (EAI) 1 February 2021. (DPI, 1.Feb.2021) — An analysis carried out by local Financial Analyst, Mr. Joel Bhagwandin, has found that the Government''s gas-to-shore project …
The $1.9 billion gas-to-power project, Guyana''s biggest effort to capitalize on its energy bounty, is embroiled in legal fights and risks cost overruns. The first phase …
ExxonMobil is on track to deliver natural gas from its offshore Guyana operations to the mainland by the end of 2024. This Gas-to-Energy (GtE) Project aims to …
The Government of Guyana has designated eight solar farms along Guyana''s coast, with project summaries submitted to the Environmental Protection Agency (EPA) outlining an anticipated generation capacity of 33MWp. Funded by the US$83.3 million from Norway earmarked for forest conservation, these solar farms fall under the …
Lion Storage has received a construction permit for a 347MW/1,457MW BESS project while Giga Storage hopes to start construction on a similarly sized one this year, representing a major step forward for the grid-scale energy storage market in …
Hydro Power. Hydropower is a renewable energy source based on the natural water cycle. It is the most mature, reliable and cost-effective renewable power generation technology presently commercially viable on a large scale, producing around 16% of the world''s electricity and over 80% of the world''s renewable electricity.
Guyanese Electrical Generation in 2020, Source: ETI. As of 2020, Guyana has an installed electrical capacity of 337 MW, based on a mix of fossil fuels (85.27%), biomass (12.46%), solar (2.26%) and wind energy (0.01%). [1] However, over a quarter of electricity is lost during transmission and distribution due to faulty infrastructure.
Welcome to the Guyana Energy Agency Opening hours: Mon - Thur: 8am - 4:30pm, Fri: 8am - 3:30pm Our Location 295 Quamina St. South Cummingsburg, Georgetown, Guyana Phone Number +592 226 0394 ...
GDP growth of 47.5% is projected for 2022, with the non-oil economy estimated to expand by 7.7%, as spill over from the oil and gas sector propel the growth of the services sector. Guyana''s public sector debt is also forecasted to decline to 36.2% of GDP, from 47.03% in 2021.
(Exxon Mobil, 14.Nov.2023) — ExxonMobil started production today at Payara, Guyana''s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. Highlights: Company''s third
NEWCASTLE & HOUSTON — TechnipFMC has been awarded a contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., for the Gas to Energy Project in Guyana. The contract is worth between $75 million and $250 million. Subject to final project sanction, TechnipFMC will provide engineering, procurement, …
As Exxon''s VP, he was the architect of the take-or-pay agreement in which Guyana will pay Exxon $55 million per year for the gas supply for the gas-to-energy …
ENERGY ANALYTICS INSTITUTE (EAI) 28 April 2023. (ExxonMobil, 27.Apr.2023) — ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required …
CEOG is the world''s first multi-megawatt hydrogen power plant, and the largest green hydrogen storage of intermittent electricity sources (128MWh). Damien HAVARD, CEO of HDF Energy said: "CEOG ...
This new power plant has the potential to meet much of Guyana''s energy needs, significantly reducing reliance on less environmentally friendly energy sources. LNDCH4, awarded a US$759 million contract in November 2022, claims delays from other project components overseen by ExxonMobil have impacted its delivery timelines, …
Vice President, Dr. Bharrat Jagdeo disclosed today that the Engineering, Procurement, and Construction (EPC) contract for the 300 megawatts (MW) combined cycle power plant and Natural Gas Liquids (NGL) facility for the gas-to-energy project has been finalized. He told members of the media that th
Oil production at the Stabroek offshore block in Guyana went up from 380 thousand barrels per day (bpd) in October 2023 to 560 thousand bpd in January 2024, according to the Energy Information Administration (EIA). In April 2024 the output is expected to reach 600 thousand bpd, bringing Guyana very close to catching up with …
Grenergy unveils 2023-26 plans including ''world''s largest'' 4.1GWh Chile BESS project. Grenergy''s Matarani solar plant in Peru. Image: Grenergy Renovelables. Spain-based developer and IPP Grenergy has detailed its investment plans for 2023-2026, totalling US$2.6 billion including what it claimed is the ''largest BESS in the world'' in ...
The Guyana Energy Agency (GEA) said that notable milestones were achieved in 2023 from projects it undertook across all ten of Guyana''s a1dministrative
ENERGY ANALYTICS INSTITUTE (EAI) 14 February 2019. (Exxon, 14.Feb.2019) — ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D …
Partners Enel X and Magaldi Group have begun construction in Salerno, Italy, on a 13MWh thermal energy storage (TES) plant based on a patented technology. Called Magaldi Green Thermal Energy Storage (MGTES), the storage tech was developed by ultra-high temperature material handling company Magaldi and utilises a fluidised sand …
With the potential to cut electricity costs in Guyana by 50 per cent, the highly anticipated Gas to Energy project will see a 200-kilometre pipeline bringing gas …
IRVING, Texas – ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company''s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025.
Despite pledges to move to 100% renewable energy, Guyana''s proposed Gas to Energy project will use natural gas from offshore wells to produce electricity and crowd out solar expansion, according to a new Institute for Energy Economics and Financial Analysis (IEEFA) report. The plan will also put a substantial debt load on Guyana Power …
Planned as a 25-year joint venture between the Government of Guyana and ExxonMobil with a cost of approximately US$ 2 billion, the project is designed to …
GUYANA – Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for a …
Guyana, a country on South America''s north coast, has issued an invitation for bids for energy storage projects with a combined capacity of 34MWh. The Guyana Utility Scale Solar Photovoltaic Program (GUYSOL) is now seeking bids for engineering, procurement and construction (EPC) contracts for the eight solar PV projects and 34MWh of …
In Energy. In a recent offshore oil & gas conference in Houston, Guyana''s foreign minister said that the country''s economy is expected to grow 500% by 2030. Guyana''s current US$6.8 billion real …