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Guyana’s Natural Resource Fund (NRF) has surpassed the US$1 billion mark in crude oil revenue deposits this year through May 2025, as robust production from the ExxonMobil-led Stabroek Block continues to provide money for the government’s national development priorities. The most...

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark GranMorgu project offshore Suriname, according to Javier Rielo, the company's Senior Vice President, Americas. “We have already identified wells. We are...

PARAMARIBO, SURINAME –  The GranMorgu FPSO, being developed by SBM Offshore and Technip Energies for Block 58, will be the eighth unit built using SBM’s standardized hull, a strategy designed to accelerate delivery timelines while improving long-term operational performance. Speaking...

Dear Editor, Concerns about public health remain at the forefront of everyone’s mind. With the re-emergence of COVID-19 in Guyana, the Ministry of Health is urging the public to take all necessary precautions. It is equally crucial that the oil...

Japanese company MODEC reported in a press statement today that it spent US$3.4 million procuring goods and services from Guyanese suppliers last year. In addition to this expenditure, the company’s 2024 local content work included publishing 45 procurement opportunities, recruiting...

SBM Offshore inked a deal for the operations and maintenance (O&M) of the GranMorgu floating production, storage and offloading (FPSO) vessel with TotalEnergies, the Dutch shipbuilder said Thursday morning.  TotalEnergies’ Suriname affiliate TotalEnergies EP Suriname B.V. awarded the contract, which...

Guyana’s influence in the global oil market is no longer theoretical. According to Guyanese start-up Keystone Consulting, the South American nation is already playing a stabilizing role in global energy supply, emerging as one of the few new producers...

PARAMARIBO, SURINAME  - TotalEnergies will launch a new online portal to improve transparency and maximize local participation in its US$10.5 billion GranMorgu oil development. “Our goal is to make it transparent so everybody can apply,” Country General Manager, Arthur Nunes...

PARAMARIBO, SURINAME - The GranMorgu development in Suriname’s Block 58 is “essentially double” the size of comparable offshore projects in the region, according to Gianluigi Della Rosa, Country Manager for Guyana and Suriname at Saipem.  Speaking at the Suriname Energy,...

PARAMARIBO, SURINAME - African Export-Import Bank (Afreximbank) will partner with the Government of Suriname to establish a US$5 billion local content facility aimed at strengthening the country’s oil and gas sector and wider economy.  The announcement was made Tuesday during...