Guyana’s economic rise and the growing role of its private sector were the focus of a panel discussion at the Offshore Technology Conference (OTC) on May 7. The South American nation took the spotlight in the ‘Around the World...
Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735 million, slightly up from US$722 million in 2023.
This is the third consecutive year Staatsolie’s contribution...
SBM Offshore announced on May 7, it has received approval in principle from the American Bureau of Shipping (ABS) for its NearZero floating production, storage and offloading (FPSO) concept.
The design features a range of low-carbon technologies aimed at slashing...
Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake in ISS Guyana.
According to a statement from SGI, the partnership aligns with Guyana’s local content...
ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast Demerara to Reynstein on the West Bank Demerara.
On Tuesday, the company announced on Facebook that...
In Management Themes (Part 3), we discussed matters relating to the discovery of petroleum and highlighted the significant allotments of time, activities and expenditure that exploration operations may require without guaranteeing a discovery. We also noted that when a...
Countries like Guyana, Grenada and Suriname are on Trinidad and Tobago’s radar to fill the gap after the Trump administration killed its Dragon gas deal with Venezuela.
Newly installed Prime Minister, Kalama Persad declared the deal “dead” fresh off swearing...
The Guyana Pavilion officially opened Monday at the 2025 Offshore Technology Conference (OTC), taking place at NRG Park in Houston, Texas, where thousands of global energy professionals have gathered to explore the latest innovations in offshore development.
The Offshore Technology...
Concerns regarding economic growth have placed oil prices on a downward trajectory, as slower economic activity typically leads to reduced demand for petroleum products. Preliminary estimates from the United States (U.S.) Energy Information Administration (EIA) indicates that global petroleum...
Staatsolie has announced that two key exploration wells - Caiman-1 and Kiskadee-1 - will be drilled in Suriname’s Block 52 during the second half of 2025. PETRONAS is the operator of the block.
“These wells will test prospects within the...
