News

SLB, a global leader in energy technology, has issued a request for information (RFI) to identify qualified suppliers for inspection and testing services in Guyana. The company is seeking providers capable of conducting visual inspections, connection inspections, liquid penetration inspections,...

Guyana’s approach to Production Sharing Agreements (PSAs) has been a key factor in its rapid oil sector development, despite public criticism, according to Janelle Persaud, Founder of Cacique Consulting.  “The PSA framework enabled the pace of development we see today,”...

Guyana has emerged as the key driver behind the Caribbean's export resurgence, with its oil sector leading with a notable 59.6% growth in 2024, according to the latest trade trends report from the Inter-American Development Bank (IDB). This surge positions...

  Paramaribo, Suriname - Predictability and stability are key elements of the investment climate in a country, particularly when companies are looking to plug billions into projects with long-term returns. As TotalEnergies prepares to invest US$10.5 billion into Suriname’s Gran...

Paramaribo, Suriname - Surinamese President Chandrikapersad Santokhi, addressing the Suriname Awareness Symposium on Monday, called for unity, economic diversification, and sustainable development as the nation prepares for significant oil and gas revenues. Santokhi stressed that collaboration is vital for Suriname’s...

According to Westwood's Global Subsea Tree Tracker, the global subsea tree market closed 2024 with 255 units awarded, an 11% drop quarter-on-quarter and a 12% year-on-year decline. In 2025, global demand is forecast to...

Guyana’s Finance Minister, Dr. Ashni Singh, revealed during the 2025 budget presentation last week that the Local Content Register now includes over 1,100 companies.  Dr. Singh reported...

The Guyana government is seeking proposals for critical components of its landmark Gas-to-Energy project, which will utilize natural gas from the ExxonMobil-operated Stabroek Block. The Office of the Prime Minister has issued a request for proposals (RFP) from firms to...

The first phase of a world-class offshore support and fabrication facility called the Port of Vreed-en-Hoop was launched Saturday at Plantation Best, West Bank Demerara.  A ceremony attended by over 300 people took place at the facility, situated on 400...

Halliburton reported a net income of US$615 million, or US$0.70 per diluted share, for the fourth quarter (Q4) of 2024, up from US$571 million, or US$0.65 per diluted share, in the third quarter.  Fourth-quarter revenue was US$5.6 billion, slightly down...