Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same...
The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and gas sector. Effective December 26, 2024, the law aims to boost investments and optimize the...
Trinidad President Christine Carla Kangaloo declared a state of emergency, the government announced Monday morning.
The twin-island nation is grappling with a crisis of violent crime, marked by an increase in homicides. Energy Minister Stuart Young said on December 30...
Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the Heritage Offshore East Field of Trinidad and Tobago on Sunday morning. T&T media is reporting that the rig collapsed.
The Ministry of Energy...
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study.
Petrobras...
Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has announced the successful deployment of Light Detection and Ranging devices (LiDARs) at Orange Valley and Galeota. These devices will collect wind data to international standards over a 12–18-month...
TDI-Brooks has concluded a comprehensive multi-client multibeam and seabed piston coring program in Suriname for GeoPartners, acting on behalf of Staatsolie Maatschappij Suriname. The project involved seep data acquisition, processing, interpretation, and data management over a survey area of...
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made.
State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.
“The withdrawal...
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.
On a rainy...
