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MODEC spent US$3.4 million with Guyanese suppliers in 2024

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Japanese company MODEC reported in a press statement today that it spent US$3.4 million procuring goods and services from Guyanese suppliers last year. In addition to this expenditure, the company’s 2024 local content work included publishing 45 procurement opportunities, recruiting...
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SBM Offshore gets O&M contract for first Suriname FPSO 

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SBM Offshore inked a deal for the operations and maintenance (O&M) of the GranMorgu floating production, storage and offloading (FPSO) vessel with TotalEnergies, the Dutch shipbuilder said Thursday morning.  TotalEnergies’ Suriname affiliate TotalEnergies EP Suriname B.V. awarded the contract, which...
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Advisory firm says Guyana’s role in global energy market growing 

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Guyana’s influence in the global oil market is no longer theoretical. According to Guyanese start-up Keystone Consulting, the South American nation is already playing a stabilizing role in global energy supply, emerging as one of the few new producers...
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TotalEnergies to launch portal to boost local content visibility for GranMorgu Development

OilNOW -
PARAMARIBO, SURINAME  - TotalEnergies will launch a new online portal to improve transparency and maximize local participation in its US$10.5 billion GranMorgu oil development. “Our goal is to make it transparent so everybody can apply,” Country General Manager, Arthur Nunes...
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GranMorgu project sets new offshore benchmark for Suriname

OilNOW -
PARAMARIBO, SURINAME - The GranMorgu development in Suriname’s Block 58 is “essentially double” the size of comparable offshore projects in the region, according to Gianluigi Della Rosa, Country Manager for Guyana and Suriname at Saipem.  Speaking at the Suriname Energy,...
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Afreximbank and Suriname to launch US$5B local content facility

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PARAMARIBO, SURINAME — African Export-Import Bank (Afreximbank) will partner with the Government of Suriname to establish a US$5 billion local content facility aimed at strengthening the country’s oil and gas sector and wider economy.  The announcement was made Tuesday during...
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SEOGS 2025 opens with focus on sustainability, local content and energy growth

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PARAMARIBO, SURINAME–The Suriname Energy, Oil & Gas Summit (SEOGS) 2025 officially opened Tuesday morning with a ribbon-cutting ceremony and remarks from President Chandrikapersad Santokhi. In his address, Santokhi reaffirmed Suriname’s commitment to transparency and inclusive growth in the energy...
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Lanternfish-1 and Blacktip-1 among top global high-impact wells for 2025, says S&P Global

Shikema Dey -
PARAMARIBO, SURINAME – Two Guyana prospects – Lanternfish-1 and Blacktip-1 – have been ranked among the world’s most significant high-impact wells targeted for drilling in 2025, according to S&P Global Commodity Insights.  These wells were featured on S&P’s global map...
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Almost 50% of Suriname’s offshore acreage under contract – Staatsolie

Shikema Dey -
PARIMARIBO, SURINAME - Almost 50% of Suriname’s offshore acreage is now under contract, according to its state oil company, Staatsolie.  Managing Director, Annand Jagesar, provided the update during his welcome address as the 5th Suriname Energy Oil and Gas Summit...
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PETRONAS secures deepwater Block 66 in Suriname with new contract

Shikema Dey -
PARAMARIBO, SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66.  The agreement was signed on June 17, 2025, on the sidelines of the ongoing...
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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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