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Moonilal appoints new boards for Trinidad’s state energy companies

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Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors for several state-owned energy companies, as the new government moves to revitalize the country's energy sector. According to a statement from...
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Hess gives back Suriname oil block at Guyana border

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U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with Guyana, returning the acreage to Suriname’s Staatsolie, the state oil firm announced on Tuesday. “Hess fulfilled its minimum work obligations and...
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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

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ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its latest 8-K filing with the U.S. Securities and Exchange Commission (SEC) released ahead of results due August 1. The company estimates...
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

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ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a recognition underpinned mainly by the company’s performance offshore Guyana. The award, announced at Wood Mackenzie’s annual Exploration Summit in Bordeaux in...
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Exxon’s deepest wells drilled in the Stabroek Block after Ranger

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Following the record-setting Ranger-1 well, ExxonMobil has continued to push the limits of deepwater exploration in Guyana’s Stabroek Block. Ranger-1, announced in January 2018, remains the deepest discovery in the block. It was drilled to a depth of 21,161 feet...
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Touchstone confirms hydrocarbon presence at Cascadura-5 well in Trinidad

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Touchstone Exploration announced on July 7 successful drilling results from its Cascadura-5 development well onshore Trinidad and Tobago. The well, located on the Ortoire block, was spud on June 4 and reached a total depth of 7,020 feet in 22...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

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PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In a historic outcome, Jennifer Geerlings-Simons was chosen to lead the Republic, becoming the first female president in Suriname’s history since...
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Petronas adds Roystonea-2 to Suriname exploration campaign

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PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie said the well will “further evaluate the oil discovery made with the Roystonea-1 in November 2023”.  Roystonea-2 is part of a...
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Shell ups Manatee production forecast 10%, says Trinidad energy minister

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Shell has increased its gas production forecast for the Manatee project offshore Trinidad and Tobago by 10%, according to the country’s newly appointed Energy Minister, Roodal Moonilal. Speaking at a gathering of the Society of Petroleum Engineers of Trinidad and...
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Local content policies in oil-producing countries: a comparative look with focus on Suriname

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Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically require international oil companies to prioritize hiring national workers, sourcing goods and services from local...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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