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In Management Themes (Part 4), we completed our discussion on exploration and discovery.  Through the provisions of the Petroleum Activities Act 17 of 2023 (the ‘PAA’) we noted that a discovery can be (i) of no potential commercial interest...

PARAMARIBO, SURINAME - Suriname’s general elections, set for May 25, come at a critical juncture for the country. With offshore oil discoveries promising a potential economic windfall, the political stakes are higher than ever. Public expectations are soaring, but...

Gerald Gouveia Jr. of Roraima Airways has been elected Chairman of Guyana’s Private Sector Commission (PSC), while Kathy Smith of the Georgetown Chamber of Commerce and Industry made history as the first woman elected to serve as Vice Chairman....

Ever thought about what 21st-century Guyana would look like? Modern infrastructure, advanced technology, perhaps.  Whatever the vision, though, natural gas is expected to be at the center of it all, according to Senior Vice President for Deepwater at ExxonMobil Upstream...

ExxonMobil Guyana Limited (EMGL) plans to implement a multi-year enabling agreement for a suite of brownfield projects. The projects will primarily require offshore construction services, along with onshore fabrication and occasional onshore construction. According to EMGL, all work will be...

Topside module fabrication for the Jaguar floating production, storage and offloading vessel (FPSO) is progressing as planned, SBM Offshore said on Thursday, while similar fabrication for the GranMorgu FPSO is expected to begin in the second half of 2025. Both...

As Guyana’s oil production continues to ramp up, so will development and investment opportunities for both local and international players in the business sector. This is according to Dr. Peter Ramsaroop, Chief Investment Officer and CEO of the Guyana...

PARAMARIBO, SURINAME - President Chandrikapersad Santokhi officially launched the ‘Royalty’s Voor Iedereen’ (RVI) program last week, marking a “historic step” in sharing Suriname’s future oil wealth directly with its people.  The program ensures that every Surinamese citizen born before January...

Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank of Guyana reports show, reflecting continued robust inflows from the ExxonMobil-operated Stabroek Block. According to the...

Animated videos developed by SBM Offshore Guyana to tackle stigma around mental illness among children and adolescents could be a vital tool in improving public understanding of mental health, Health Minister Dr. Frank Anthony said on Tuesday. Speaking at the...