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Saipem’s Guyana workforce now 80% local, says Country Manager

Saipem Guyana’s operations are powered largely by Guyanese talent, according to Country Manager Gianluigi Della Rosa. In a LinkedIn post on October 8, Della Rosa said that of the 220 people employed at the company’s Vreed-en-Hoop shore base in...

Noble Regina Allen rig set to drill Korikori-1 exploration well offshore Suriname

Suriname's state oil company Staatsolie announced on Wednesday that drilling of the Korikori-1 exploration well at Block 5 will be carried out by the Noble Regina Allen rig, which is expected to arrive in the first half of October.  The...

Global oil market faces oversupply risk as demand softens, says Westwood

In an October 7 report, Westwood Global Energy Group warned that 2025 is shaping up as a turbulent year in the global oil and gas sector, with soft demand and surging supply threatening to unbalance the market. Westwood points out...

TotalEnergies moves to strengthen Suriname’s offshore supply chain

TotalEnergies EP Suriname hosted a two-day workshop this week aimed at strengthening local participation in offshore supply vessel services as the country prepares for oil production from the GranMorgu project in Block 58. Held on October 6–7 in collaboration with...

Hunting wins US$20 million Guyana contract for deepwater drilling supplies

Hunting PLC said on Monday it is executing a US$20 million contract to deliver Oil Country Tubular Goods (OCTG) accessories for deepwater drilling operations offshore Guyana, strengthening the British oilfield services company’s foothold in one of the world’s fastest-growing...

Jaguar FPSO deal wins Latin Finance’s Oil & Gas Financing of the Year award 

Intelligence source Latin Finance has named the Jaguar FPSO financing deal as its Oil & Gas Financing of the Year, spotlighting the project’s innovative structure and its pivotal role in Guyana’s rise as a global offshore powerhouse. According to the...

GTTCI launches 18-month Advanced Oil and Gas Diploma Program in Berbice, Guyana

The Guyana Technical Training College Inc. (GTTCI) has officially launched its 18-month accredited Advanced Diploma in Oil and Gas course at the new, soon-to-be-completed campus in Port Mourant, Berbice. On October 6, 28 trainees were welcomed by Professor Emeritus Clement...

Omni Helicopters leads Suriname’s first helicopter-enabled rescue training

Omni Helicopters International (OHI) has confirmed that in late September, it joined forces with Suriname’s Coast Guard and Navy to execute that country’s first-ever helicopter-enabled Search and Rescue (SAR) and Man Overboard (MOB) training off Paramaribo. The announcement was...

Shell reports higher oil and gas output in third quarter

Shell reported higher oil and gas production for the third quarter of 2025, indicating stronger upstream performance than the second quarter, according to preliminary figures released on Tuesday. The company said production averaged between 1.79 million and 1.89 million barrels...

New oil licenses mean expanded opportunities for Guyanese, says new local content director

The award of new oil blocks in Guyana will open the door for more Guyanese to benefit from the country’s expanding petroleum industry, according to Michael Munroe, Director of the Local Content Secretariat. Munroe, who also serves as a legal...

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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...