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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 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...

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...

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...

The Guyana government has received 17 proposals from companies/groups for the design, finance, construction, and operation of essential gas infrastructure to support offshore developments.  These include an affiliate of CNOOC (a Stabroek block partner), Lindsayca/CH4 (the group developing the Gas-to-Energy...

In response to the expansion of the oil and gas tax roll, the Guyana Revenue Authority (GRA) has embarked on a strategic capacity-building drive for its Petroleum Cost Recovery and Petroleum Revenue Departments.  The initiative aims to recruit a group...

Guyana has made history by becoming the first country to receive CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation)-eligible credits for airlines, a significant achievement in global efforts to combat climate change.  According to a release from the Guyana...

The United Kingdom has substantially boosted financial support for projects in Guyana, surging from £750 million to £2.1 billion. This announcement was made by the UK Minister for the Americas, Caribbean, and Overseas Territories, David Rutley, during a February...

Suriname's second shallow offshore bid round is poised to garner significant attention from the global petroleum industry. The bid round offers lucrative opportunities in an area sandwiched between two major petroleum provinces, according to Geo Expro - a geoscientist...

Come Q2 2024, Western Logistics is looking to be fully operational in Suriname after years of demonstrating its prowess in Guyana’s oil and gas industry.  Its Chief Executive Officer (CEO), Pradeep Ramoutar, disclosed the company’s plan in an update to...