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Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration Limited as operators. Staatsolie, in an announcement today, said for Block 9, PETRONAS Suriname will lead...

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the Ministry of Finance said in its mid-year report. The revised projection marks a sharp increase from...

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction All Risk (CAR) Insurance Package Program. The RFI seeks insurers who meet the requirements under section...

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data shows. Yellowtail, ExxonMobil’s fourth project offshore Guyana, started production on August 8 and is ramping...

ExxonMobil and its partners recovered about US$6.6 billion in costs from Guyana’s oil sector in the first half of 2025, the Ministry of Finance said in its mid-year report. The report, released on Monday, reflects the continued recouping of...

The Greater Guyana Initiative (GGI) held its second annual Stakeholder Forum at the Guyana Marriott Hotel on October 31. The event brought together beneficiaries from all of Guyana's 10 Administrative Regions for a day of reflection, dialogue, and collaboration...

Trinidad Offshore Fabricators Company Limited (TOFCO) has completed the successful float-off of the Manatee Jacket – Row C, marking a key milestone in one of Trinidad and Tobago’s most significant offshore gas projects. The float-off took place on October 1...

Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage and marine offloading facility in Guyana — a key component of the country’s landmark Gas-to-Energy project. The National Procurement and Tender...

ExxonMobil will put its new Proxxima materials to the test on the upcoming Hammerhead floating production, storage and offloading (FPSO) vessel, its seventh development in Guyana’s prolific Stabroek Block. Chairman and Chief Executive Officer Darren Woods made the disclosure during...

Dear Editor, As a public communications analyst, I have sought to examine the evolving dynamics of diplomatic relations within our CARICOM community. Recent developments among regional leaders underscore both the opportunities and challenges facing Caribbean unity in the midst of...