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Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund...

Saipem has secured a contract worth approximately US$2 billion for its share of the engineering, procurement, construction, and installation (EPCI) of a floating production, storage and offloading (FPSO) unit for the Kutei North Hub field development project offshore Indonesia. The...

Dear Editor, I was glad to see the recent attention being given to young Guyanese pursuing maritime careers. It is the kind of story we need to see more often. For too long, we have pushed children to believe that success...

Practicum Center Lelydorp, one of Suriname’s leading technical and vocational institutions, is set to receive facility and curriculum upgrades under the Suriname Capacity Program (SURICAP), a workforce development initiative tied to TotalEnergies EP Suriname’s Local Content strategy. The program is...

Staatsolie Maatschappij Suriname N.V. has received two separate proposals for areas in Sector 3: DEMERARA, marking its second open acreage announcement in less than three weeks. The state oil company announced the new proposals on July 6, 2026. They cover...

PARAMARIBO, SURINAME – Combined oil production from the Guyana-Suriname Basin could overtake output from the U.S. Gulf of Mexico before 2032, according to S&P Global. Speaking at the Suriname Energy, Oil and Gas Summit (SEOGS) 2026, Isaac Nuti, Principal Analyst...

For most of the past decade, Guyana's petroleum strategy was relatively straightforward: discover oil, approve new developments and increase production. That objective has largely been achieved. Four floating production, storage and offloading (FPSO) vessels are producing offshore, output is expected...

Offshore oil developments in Guyana and Brazil remain among the world's most competitive, with production costs low enough to support continued investment in floating production, storage, and offloading (FPSO) vessels even if crude prices weaken, according to MODEC's 2025...

Trinidad and Tobago’s oil production is projected to recover over the next three years, moving from years of decline to a stronger outlook by 2029, Energy and Energy Industries Minister Dr. Roodal Moonilal announced Wednesday. Moonilal gave the forecast during...

PARAMARIBO, SURINAME — Suriname is still far from ready for the major developments that the oil and gas sector will bring starting in 2028. That critical warning was the focus of the well-attended panel discussions on local content at...