Global offshore rig activity remained steady at the start of 2026, with several new drilling contracts awarded, including a major fixture offshore Trinidad and Tobago.
In a March 11 LinkedIn update, Westwood Global Energy Group said the offshore rig market...
PARAMARIBO, SURINAME – As offshore oil development moves closer to production, Suriname’s government is outlining a longer-term economic vision aimed at ensuring oil revenues translate into broader national development.
In an interview with the Communications Service Suriname on February 26,...
Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at Wales, according to tender opening results released last week.
The proposals were invited by the Government of Guyana through the Office...
Chevron Chief Executive Officer Mike Wirth says Guyana has experienced an “extraordinary” rise as a global energy producer, outlining the country’s rapid emergence as a major source of new oil discoveries.
In a March 10 LinkedIn post reflecting on his...
Petrobras is expanding local content expectations beyond formal contractual mandates in Brazil, according to a February 19 Rystad Energy analysis.
In January 2025, Petrobabs had noted that Brazil’s local content law aims to boost investments and optimize the country’s exploration...
The Government of Guyana is advancing a large-scale offshore 3D multi-client seismic acquisition, a move aimed at reducing exploration risk across acreage south of the Stabroek Block and strengthening the country’s upstream petroleum framework.
According to a March 9 notice...
The last time Brent crude traded above US$100 per barrel was in 2022, when Russia’s invasion of Ukraine triggered one of the most severe energy shocks in recent history, per the U.S. Energy Information Agency’s records.
The war disrupted global...
Dear Editor,
ExxonMobil Guyana’s US$100 million investment in STEM education comes at a defining moment in Guyana’s history. As our country grows as a major energy producer, the most important resource we must develop is not oil, but people.
This initiative...
The disruption in tanker traffic through the Strait of Hormuz represents the largest disruption to global oil production ever recorded, according to Daniel Yergin, Vice Chairman of S&P Global. Yergin made the assessment in a March 9 opinion piece...
Wells Alliance Guyana has named the Stena Carron drillship ‘Rig of the Quarter’, a recognition announced by Stena Drilling last week as the vessel marks 10 years of deepwater operations offshore Guyana.
In a March 5 LinkedIn post, the company...
