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A new report by Westwood Global Energy Group indicates that, despite shifting market conditions, high-impact exploration (HIE) remains a key focus, although the sector has become increasingly concentrated among fewer players over the past decade.  According to Westwood’s October 7...

PARAMARIBO, SURINAME - Staatsolie’s 2024 Sustainability Report showcases a year of major progress in responsible energy development, anchored by the company’s participation in the GranMorgu offshore project and a stronger focus on low-carbon, transparent and socially responsible growth.  The company’s...

The Dragon gas deal between Trinidad and Tobago and Venezuela has been resurrected, but its return comes with new elements.  On April 8, the U.S. government revoked licenses previously granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border...

Saipem’s Castorone vessel has commenced its campaign for Guyana’s Whiptail development. This was confirmed by Saipem’s Company Supply Chain Manager, Diego Vicke in a LinkedIn post on October 9.  Saipem’s scope of work entails the detailed engineering, procurement, construction, and...

The Greater Guyana Initiative (GGI), in collaboration with the Ministry of Education and Recover Guyana, officially launched its Signature Project: FLOW: National Water Purification and Sustainability Initiative for Public Secondary Schools, TVET Institutions, and Special Needs Schools in Guyana.  According...

Saipem Guyana’s operations are powered largely by Guyanese talent, according to Country Manager Gianluigi Della Rosa. In a LinkedIn post on October 8, Della Rosa said that of the 220 people employed at the company’s Vreed-en-Hoop shore base in...

Suriname's state oil company Staatsolie announced on Wednesday that drilling of the Korikori-1 exploration well at Block 5 will be carried out by the Noble Regina Allen rig, which is expected to arrive in the first half of October.  The...

In an October 7 report, Westwood Global Energy Group warned that 2025 is shaping up as a turbulent year in the global oil and gas sector, with soft demand and surging supply threatening to unbalance the market. Westwood points out...

TotalEnergies EP Suriname hosted a two-day workshop this week aimed at strengthening local participation in offshore supply vessel services as the country prepares for oil production from the GranMorgu project in Block 58. Held on October 6–7 in collaboration with...

Hunting PLC said on Monday it is executing a US$20 million contract to deliver Oil Country Tubular Goods (OCTG) accessories for deepwater drilling operations offshore Guyana, strengthening the British oilfield services company’s foothold in one of the world’s fastest-growing...