As concerns mount for the future of the Dragon gas development, Trinidad’s Energy Minister Stuart Young told local media that the country has already doled out payments to Venezuela.
Young, quoted in the TT Daily Express said Venezuela was paid...
With over 17 trillion cubic feet of natural gas—and counting—discovered in Guyana’s Stabroek Block, the government is now focusing on its development. However, the process is a bit more complex than oil production. With ExxonMobil’s experience, the government’s goal...
CARICOM has strongly opposed Venezuela’s plan to hold elections in Guyana’s Essequibo region. The regional body, in a statement following its 48th Regular Meeting, warned that such actions violate international law and past agreements.
On January 27, 2025, Venezuela’s President...
Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for suppliers of welding supplies, equipment, and related services. The company is looking for businesses with proven expertise to support its offshore operations in Guyana.
Stena DrillMAX...
Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil development to help finance its expected stake in the upcoming Block 52 gas project, according to consultancy Wood Mackenzie.
Staatsolie has...
TechnipFMC reported a strong financial performance for the full year 2024, with total revenue of US$9,083.3 million and net income attributable to the company of US$842.9 million, or US$1.91 per diluted share. After-tax charges and credits, including a gain...
President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now, questions loom over the Dragon gas project between Trinidad and Tobago and Venezuela—could it be next?
Trump, via his Truth Social...
Dear Editor,
The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for this since the announcement was made last year. The Local Content App in my view, has now revolutionized how information...
Local businesses in Guyana are now providing 100% of several key services to the oil and gas sector, showing advancements in local content development. Dr. Martin Pertab, Director of Guyana’s Local Content Secretariat outlined these achievements at the recently...
The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s GranMorgu offshore development has been delivered, TotalEnergies announced. The hull was reserved in June last year. It was fabricated by China Merchants Heavy Industry (CMHI).
“We...
