News

Fourth batch of Guyanese complete phase one of SBM Offshore Guyana’s Trainee Technician Programme

Another batch of Guyanese has completed the first phase of SBM Offshore Guyana’s Trainee Technician Programme at LearnCorp International (LCI) at Cape Breton University in Canada. According to a statement from the company this week, the graduates were honoured...

Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali, President of the Co-operative Republic of Guyana in Nieuw Nickerie, Suriname Jennifer Geerlings-Simons, President of the Republic of Suriname and Dr....

Staatsolie to begin shallow offshore seismic survey in October

Staatsolie Maatschappij Suriname N.V. (Staatsolie) says it will launch a seismic survey in the Shallow Offshore area as part of efforts to assess the country’s resource potential.  The survey, according to Staatsolie in a Sept. 11 announcement, will cover about...

SBM Offshore’s Blue Ammonia FPSO design wins ABS approval

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production, storage and offloading (FPSO) design focused on blue ammonia production. The company stated in a media release on September 11 that...

ExxonMobil’s Yellowtail startup strengthens upstream edge – Zacks Investment Research

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon Mobil Corporation’s (XOM) success offshore Guyana as the foundation of what it calls a durable upstream moat (economic power).  In an...

Chevron eyes Guyana expertise in Hess takeover, says CEO Mike Wirth

Chevron’s US$53 billion acquisition of Hess Corporation is not just about reserves; it’s about people. According to Chevron Chief Executive Mike Wirth, the deal, announced in October 2023, was driven by the long-term growth Hess brings and the expertise...

Bourbon Guyana adds Mistral vessel to support Exxon’s Whiptail project

Bourbon Guyana has expanded its fleet with the arrival of the Bourbon Mistral, a large platform supply vessel dedicated to the Whiptail Development Project offshore Guyana. “Exciting news from Bourbon Guyana as we introduce the newest addition to our Guyana...

Construction moves apace on Guyana’s Gas-to-Energy project 

The Gas-to-Energy project at Wales is moving ahead with visible progress. From foundations now in place to new companies showing interest and plans for an industrial zone taking shape, several key steps are unfolding at the same time. Here are...

ExxonMobil expands survey work in Guyana’s Stabroek Block

ExxonMobil Guyana Limited (EMGL) is pressing ahead with environmental and geophysical survey activities in the Stabroek Block as part of its long-term development plans. According to the Maritime Administration Department, EMGL’s Environmental Sampling Survey will continue until December 31, 2025....

U.S. security advisory puts Suriname’s ports under scrutiny

PARAMARIBO, SURINAME - The United States Coast Guard has added Suriname to its list of countries whose ports are deemed to lack effective antiterrorism measures. Under the U.S. Port Security Advisory 4-25, issued on September 3 and taking effect...

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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...