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CNOOC lifts Q1 output to 205.1 million BOE as Guyana project supports overseas growth

CNOOC Limited reported first-quarter 2026 results, with higher production, revenue, and profit, supported in part by output from its offshore Guyana portfolio. The company recorded net production of 205.1 million barrels of oil equivalent (BOE) for the quarter, an 8.6%...

Ali’s OTC keynote role “tells you everything” about Guyana’s global energy standing – U.S. Ambassador

Guyana’s President Irfaan Ali is set to deliver the keynote address at the Offshore Technology Conference (OTC), a role the United States says signals the country’s position on the global energy stage. Speaking on the latest episode of Energy Perspectives,...

“This is a policy change…to ensure we are attaining market conditions at the right time and pace” — UAE exits OPEC, minister says

The United Arab Emirates has decided to leave the Organization of the Petroleum Exporting Countries (OPEC) following what Energy and Infrastructure Minister Suhail Mohamed Al Mazrouei described as a “careful and long review” of national policy and strategy.  Speaking to...

Staatsolie to take Suriname offshore licensing pitch to Houston

Staatsolie will host an in-person roadshow in Houston on May 26, 2026, to present Suriname’s Open-Door Offering to oil and gas companies. The event will run from 9 a.m. to noon CDT at The Post Oak Hotel at Uptown, 1600...

Guyana has ‘clout’ at OTC 2026 as private sector delegation nears 100 businesses

Guyana is entering the Offshore Technology Conference 2026 with growing international attention, as the country’s private sector points to increased interest from global investors and companies. Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith, in an exclusive interview...

CARICOM reaffirms support for Guyana’s sovereignty; urges member states to be mindful of int’l law

The Caribbean Community (CARICOM) on April 28 maintained its support for Guyana’s sovereignty while warning against the use of regional engagements to advance Venezuela’s claim over the Essequibo region, as the matter remains before the International Court of Justice...

Use of CARICOM engagements to promote territorial claim could be seen as tolerance – Ali says in letter protesting Delcy’s brooch

Guyana’s President Irfaan Ali has written to the chairman of CARICOM, urging regional leaders to remain vigilant after Venezuela’s acting President was seen displaying a symbol asserting Caracas’ claim over Guyana’s Essequibo region during engagements in Caribbean member states. In...

Offshore worker safety should be seen as an investment, not a cost — MODEC

Offshore worker safety should be treated as an investment that delivers measurable returns rather than a cost. This is according to Yolander Sammy, Director of Legal and Compliance at MODEC Guyana, who urged oil and gas companies to prioritize...

Repsol, PDVSA in deal to triple Venezuela oil project’s output in three years

Venezuela’s Petroquiriquire oil asset is set to increase output following a new agreement between Repsol, the Venezuelan government, and Petróleos de Venezuela, S.A. (PDVSA), with production expected to rise by 50% within 12 months and triple over three years...

TotalEnergies expands Suriname local content efforts with teacher safety training initiative

PARAMARIBO, SURINAME – A new training initiative targeting vocational teachers is being rolled out in Suriname, as industry and government partners move to strengthen the country’s future workforce amid offshore oil and gas development. Led by TotalEnergies EP Suriname B.V....

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Suriname touts low-cost, low-carbon edge as it considers incentives for offshore gas

Suriname is positioning its offshore sector as a low-cost, low-carbon investment opportunity as it considers incentives to attract more...