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APA to focus on Baja-1 discovery area; relinquishes remainder of block 53

APA Suriname Corporation LDC and its collaborators the Spanish CEPSA and Petronas have opted to return a portion of block 53 in the Surinamese offshore region to Staatsolie Maatschappij Suriname N.V., as detailed in a recent announcement by Staatsolie....

Guyana’s territory will never be platform for war, Ali tells CELAC Summit

In an address at the VIII Summit of the Community of Latin American and Caribbean States (CELAC), held in St. Vincent and the Grenadines, Guyana's President, Dr. Mohamed Irfaan Ali, discussed the nation's commitment to peace and stability within...

Campaigners lose court bid to cancel Exxon’s Liza 1 environmental permit

A High Court Judge in Guyana, Damone Younge, has ruled in favor of the Environmental Protection Agency (EPA) in a case concerning the renewal of the Environmental Permit related to the Liza 1 project.  According to an EPA release, the...

Hull reserved for Guyana’s Jaguar FPSO – Dutch shipbuilder

Dutch shipbuilder, SBM Offshore, said it has reserved a multi-purpose floater hull for the Jaguar floating production, storage and offloading (FPSO) vessel it is expected to construct for ExxonMobil's sixth development offshore Guyana.  In its 2023 Annual Report, the company...

Guyana, Suriname, and Brazil pledge energy cooperation in trilateral declaration

In a joint declaration issued after a trilateral working meeting, Presidents Dr. Mohamed Irfaan Ali of Guyana, Luiz Inácio Lula da Silva of Brazil, and Chandrikapersad Santokhi of Suriname expressed their commitment to strengthen energy cooperation among the three...

Exxon to continue pipelaying for Gas-to-Energy project with Tamuata, Stingray barges

ExxonMobil Guyana is expected to continue with pipelaying activities from the West Coast of the Demerara River toward the Stabroek Block for the Gas-to-Energy project. Guyana’s Maritime Administration said in a notice that the shallow water pipelaying barges Stingray and...

Guyana will live with outcome of Exxon challenge to Chevron acquisition – Jagdeo

Vice President of Guyana, Bharrat Jagdeo says the government “will live with” the result of the surprise challenge by ExxonMobil over Chevron's acquisition of Hess' stake in the Stabroek Block. Exxon and CNOOC are asserting the right of first...

SBM Offshore delivers record financial performance in 2023

SBM Offshore announced on Feb. 29 that it delivered record level financial performance in 2023 with Directional Revenue of US$4.5 billion, over 38% above guidance. The company also maintained its future backlog at more than US$30 billion. “Over the past...

No reason to consider delays in Block 58 project – Staatsolie

Staatsolie - Suriname’s state oil firm, sees no reason to delay the nation’s first offshore oil development. The project, to be sanctioned by TotalEnergies, has a price tag of US$9 billion.  TotalEnergies’ Chief Executive, Patrick Pouyanné had told investors on...

Guyana says use of Trinidad’s gas infrastructure depends on cost

Vice President Bharrat Jagdeo sought to defend Guyana’s hesitation to utilize Trinidad and Tobago’s natural gas facilities to process Guyana’s gas, as calls came in for collaboration between the two countries.  Trinidad’s Prime Minister Keith Rowley and Energy Minister, Stuart...

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Letter-to-the-Editor: Equipping our people — The case for STEM in Guyana

Dear Editor, I recently came across a letter arguing that the new US$100 million STEM initiative is a step backwards...