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PARAMARIBO, SURINAME – Suriname’s long-discussed gas-to-shore ambitions are gaining new momentum following PETRONAS’ recent declaration of commerciality for the Sloanea field in Block 52. The Sloanea-1 discovery, drilled in 2020, is now confirmed as a commercially viable gas field following...

Ghana-based Cybele Energy Limited is set to sign a petroleum agreement on Tuesday, December 9, to explore for oil and gas offshore Guyana. This will be the second block awarded from the country’s first competitive offshore auction. The ceremony will...

Guyana’s crude exports in November showed a broad spread of destinations, with rare buyers in Asia taking barrels displaced by an increasingly saturated European market, according to data from the Maritime Administration Department (MARAD) and vessel-tracking platforms. A total of...

Petronas is stepping into Guyana’s offshore sector, with a long history of oil and gas development. The Malaysian state-owned company was created in 1974 and grew into one of the world’s foremost integrated energy producers. It explores, drills, refines,...

Eco (Atlantic) Oil & Gas said on Thursday that Israel’s Navitas Petroleum has agreed to pay up to US$8.5 million for options to farm-in to offshore licenses in Guyana and South Africa, in a deal that could see Navitas...

Dear Editor, As a public analyst, I have been closely monitoring the performance of the global oil industry in recent years. Notably, ExxonMobil’s progress in Guyana stands out, and 2025 has already marked another phase of significant development that contributes...

International oil companies (IOC) are expanding in South America, and Guyana is the best example of how their money, technology and project skills are changing the region’s oil supply outlook. This was outlined by Rystad Energy Vice President, Radhika...

SBM Offshore Guyana and MODEC Guyana were recognized for their contributions to national development and workforce expansion at the Guyana Oil and Gas Energy Chamber’s (GOGEC) 2025 Annual Awards and Induction Dinner on November 28. SBM Offshore Guyana received the...

Fifty-six local suppliers have completed Suriname’s Blue Wave Supplier Development Program, expanding the number of businesses equipped to support the country’s offshore industry. Blue Wave announced the milestone on LinkedIn on December 3. 75% of SMEs in Suriname’s Blue Wave...

Global offshore oil and gas engineering, procurement and construction (EPC) activity has reached an estimated US$38 billion year-to-date, according to new data published on December 2 by Westwood Global Energy Group.  Another US$12 billion is expected before the end of...