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What happens to the parts of Guyana’s offshore blocks that contractors give back?

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana — a find that reshaped the country’s future. Since then, the Stabroek Block alone has delivered more than 30 discoveries, placing...

ExxonMobil continues Hammerhead drilling with Noble Don Taylor offshore Guyana

ExxonMobil Guyana Limited will continue developmental drilling at the Hammerhead project’s HH_1101 drill center offshore Guyana, according to Guyana’s Maritime Administration Department.  The notice stated that the work is being carried out within the Stabroek Block in Guyana’s Exclusive Economic...

Sweet crude advantage keeping Guyana refinery talks alive

Guyana’s high-quality crude is helping sustain ongoing talks for a US$300 million refinery project, even as negotiations continue without a final agreement. Speaking during a March 29 interview on the Sources program, Nicole Theriot, United States Ambassador to Guyana, said...

Suriname’s open-door policy offers customizable offshore contracts, study-first option

Staatsolie’s open-door offering allows companies to choose contract types, define acreage, and design work programs, giving operators more control over how they enter and explore offshore blocks. Speaking on the sidelines of Caribbean Energy Week, Offshore Exploration Manager Sharista Kisoensingh...

US company locks in lease for $50M/yr LNG import terminal in Brazil

U.S.-based energy company New Fortress Energy has secured a long-term lease and capacity agreement for its Terminal de Gás Sul’s (TGS) Liquefied Natural Gas (LNG) import facility in Santa Catarina, Brazil, a move aimed at bringing the terminal into...

Guyana Business Chamber urges halt to Corentyne Bridge talks over Suriname waterway fees

The Georgetown Chamber of Commerce and Industry (GCCI) on April 3, 2026 called on the Government of Guyana to halt discussions on the Corentyne River Bridge, citing concerns over Suriname’s recent actions affecting trade and development in Berbice. The chamber...

Freight cost warnings mount for Guyana as Strait of Hormuz risks persist

Rising geopolitical tensions in the Middle East are rippling through shipping routes, with signals pointing to higher import costs and renewed inflationary pressure for countries like Guyana. Speaking recently on the Starting Point podcast, Nicholas Deygoo-Boyer, Director of Vreed-en-Hoop Shorebase...

Stena Carron seeks suppliers for lifting equipment as operations continue offshore Guyana

Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for the supply of lifting equipment to support the ship’s operations offshore Guyana. The notice, issued on March 31, 2026, invites qualified contractors and suppliers to submit...

Suriname Business Forum: “An attractive investment climate does not emerge automatically”

PARAMARIBO, Suriname — Steven Debipersad, Chair of the Suriname Business Forum (SBF), said an investment climate must be deliberately built, with the government maintaining macroeconomic stability amid global pressures. Speaking on the second day of Caribbean Energy Week in Paramaribo,...

University of Guyana to expand port, marine, aviation education as oil and gas jobs grow

The University of Guyana is moving to expand technical education offers in port, marine, and aviation as employment opportunities grow alongside the country’s oil and gas sector. Outgoing Vice Chancellor Dr. Paloma Mohamed confirmed the plan during an exclusive...

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A look at tier 1 contractors supporting Guyana’s offshore oil operations

Guyana’s offshore oil industry has rapidly evolved into one of the world’s most significant deepwater developments, with production from...