Westwood Global Energy Group data released March 1 show Petrobras controls 36 of Brazil’s 49 offshore rigs, signifying its dominance in the country’s offshore sector.
According to Westwood’s comprehensive analysis, Brazil’s offshore drilling market indicates “a strong pipeline of demand...
SBM Offshore said the Jaguar floating production, storage and offloading vessel project has reached several construction milestones as work continues toward a planned 2027 start-up offshore Guyana.
“Following a safe and successful work program in the Seatrium dry-dock, FPSO Jaguar...
As part of Guyana’s expanding Gas-to-Energy project, ten groups have submitted proposals to the government for the design, construction, and operation of a cooking gas bottling and logistics facility planned for Wales, West Bank Demerara.
In October 2025, the Office...
TotalEnergies EP Suriname B.V. is seeking companies to help coordinate and execute a local content education program linked to its offshore petroleum activities in Suriname.
The company issued a Request for Expression of Interest inviting entities to provide coordination and...
Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across the Caribbean, according to Philippe Jackson, Partner and Political Risk Advisor at Orinoco Research.
In a March 2 LinkedIn post, Jackson...
Guyana, Brazil, and Suriname are set to anchor South America’s dominance in the global floating production, storage and offloading (FPSO) vessel market, with projects valued at approximately US$181 billion between 2021 and 2030, according to Rystad Energy.
“South America is...
Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies more willing to accelerate offshore investment decisions, pointing to Guyana as a market already moving quickly.
Abramov spoke during a Rystad...
Rystad Energy said TotalEnergies’ GranMorgu development offshore Suriname will feature a 50,000 ton topside and gas-processing capacity of 500 million cubic feet per day (MMcf/d), underscoring the country’s emergence in the floating production, storage and offloading (FPSO) segment.
In a...
Oil and gas revenues from exploration activities at the Stabroek Block are being used as a catalyst to expand Guyana’s non-oil economy and strengthen long-term competitiveness. This is according to Dr. Peter Ramsaroop, Chief Investment Officer and CEO of...
Brent crude could trade in the range of US$100 to US$120 per barrel if disruption at the Strait of Hormuz lasts more than three weeks, analysts at JPMorgan said in a research note to clients. This is according to...
