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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

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Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu development in Block 58. The loan agreement was finalized on Wednesday, May 14, with a consortium of 18 international, regional, and...
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SBM Offshore to deliver three FPSOs in 2025 amid strong market demand 

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SBM Offshore said it is on track to bring three major FPSOs online in 2025, with FPSO Almirante Tamandaré, FPSO Alexandre de Gusmão, and FPSO ONE GUYANA progressing steadily toward key milestones. Chief Executive Officer, Øivind Tangen, confirmed this in...
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Guyana Army Chief declines to link border skirmishes to Venezuela military

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Guyana’s army chief on Thursday declined to directly attribute a series of recent border skirmishes to the Venezuelan military, in the wake of reports that troops from the Guyana Defence Force (GDF) came under automatic fire three times this...
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Bulk carrier spills oil at Guyana’s Demerara River, regulator says

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A bulk carrier moored at a wharf along Guyana’s Demerara River spilled oil on Thursday, prompting an emergency response from authorities, the country’s maritime regulator said. The Palau-flagged AROYAT (IMO 9151395) was docked at the Demerara Sugar Terminal (DST) in Ruimveldt to...
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Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Wednesday

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The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian clothing on the Venezuelan side of the Cuyuni River, as tensions escalate ahead of Venezuela’s planned May 25 election in...
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China to receive direct crude oil shipment from Guyana; its first in three years 

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According to Quantum Commodity Intelligence, an independent price reporting agency, China is set to take delivery of a direct shipment of Guyanese crude oil, the first in three years. Data from commodity analytics firm Kpler showed a very large...
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Berbice emerging as a key development hub amid Guyana’s rapid growth

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Former Dutch colony along Guyana’s coastline, Berbice, is steadily emerging as the country's next hub for development, with increased investments, infrastructure upgrades, and growing interest from stakeholders.  Major projects have already been set in motion in the country’s ‘Ancient County’,...
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Touchstone sees drop in Q1 production and revenue amid operational challenges

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Touchstone Exploration Inc. has reported a decline in production and revenue for the first quarter of 2025. Touchstone said its average production fell to 4,317 barrels of oil equivalent per day (boe/d), down from 5,287 boe/d in the previous quarter....
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

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SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of the President and the Ministry of Health. The initiative titled ‘Your Mental Health Matters’ was unveiled today at the ministry’s...
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Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

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Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially launched last Tuesday at the Offshore Technology Conference (OTC) in Houston, Texas, one of the energy industry’s largest global events. Company...
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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu...

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