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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...

Dear Editor, I read the report that more than 10,000 Guyanese have received training through the Centre for Local Business Development, and I think it raises an important point that many small businesses do not always like to admit. Getting access...

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...

Latin America averaged 27 active offshore drilling rigs during the first five months of 2026, according to a July 2 report by the Energy Chamber of Trinidad and Tobago, which noted that the region continues to experience a slowdown. The...

Staatsolie Maatschappij Suriname N.V. has opened a 90-day window for competing proposals after receiving an application for an offshore exploration area under its Open-Door Offering. The proposal covers the DW WEST area in Sector 4. The proposal was announced on...

Dear Editor, The recent report on the expansion of the Family Awareness, Consciousness, Togetherness (FACT) after-school science, technology, engineering and mathematics (STEM) program is a useful reminder that national development begins long before a young person enters the workforce. The program,...

Trinidad and Tobago’s decision to lower the royalty rate on qualifying marginal marine gas fields from 12.5% to 8% should give Guyana reason to reflect on how it debates petroleum fiscal terms. The measure, included in Trinidad and Tobago’s Finance...

The Errea Wittu unit for ExxonMobil’s Uaru development in the Stabroek Block is part of MODEC’s latest floating production, storage, and offloading (FPSO) fleet under construction and will use the company's next-generation floating production technology. In its 2025 Integrated Report,...

Weak airline demand continues to weigh on the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) market, where Guyana sells eligible forest carbon credits, according to an S&P Global report published on June 24.  The report noted that demand...