Guyana’s export of oil is largely responsible for the country's trade surplus with the United States. This surplus was a deciding factor in the recently announced tariffs by President Donald Trump which has resulted in the application of a...
Petronas will begin a 257-day, three-well drilling campaign in Suriname’s offshore Block 52 in June. The program details were disclosed in documents submitted to the country’s National Institute for Environment & Development (NIMOS), according to a report in Upstream...
One of the key substations that will transmit power from Guyana’s 300-megawatt (MW) Gas-to-Energy (GtE) project is nearing completion, well ahead of the project’s full commissioning. Minister within the Ministry of Public Works, Deodat Indar, on April 3 inspected...
“Suriname has significant untapped potential,” U.S. Ambassador to Suriname Robert J. Faucher said in a recent interview, emphasizing investment as a key area of engagement between the U.S. and Suriname. He highlighted the need for reforms to attract businesses,...
Months before the country’s Gas-to-Energy (GtE) project is set to deliver first power, Guyana has signed US$422 million in contracts. The firms awarded are Power China and Kalpataru Projects International Limited (KPIL). They are expected to complete the work...
Halliburton Guyana Inc. has issued a Request for Information (RFI) for engineering design services. The selected supplier will design a liquid mud and bulk plant for Halliburton Suriname.
The scope includes full engineering for civil design, mechanical piping, and electrical...
ExxonMobil expects a significant rise in first-quarter earnings, driven by higher crude oil and natural gas prices.
The company signaled in a Securities Exchange Commission (SEC) filing on April 3, published on its website, that these factors and stronger refining...
Panama and the Netherlands emerged as the top destinations for Guyana’s crude oil exports in the first quarter of 2025, each receiving 14 cargoes of approximately one million barrels.
This was derived using shipping data compiled from Guyana’s Maritime Administration...
Goldman Sachs has slashed its oil price forecasts, citing rising OPEC+ supply and recession risks. Reuters reported on April 4 that Brent crude is now forecasted to average US$69 per barrel in 2024, down 5.5%, while WTI is projected...
PARAMARIBO, SURINAME - The Eduard Alexander Gummels Airport (EAG) in Paramaribo, Suriname, was officially inaugurated on March 24, introducing new flight routes intended to enhance connectivity across the Guiana Shield. The airport will facilitate direct travel between Paramaribo, Georgetown...
