News

Guyana’s representative at the International Court of Justice (ICJ), Carl Greenidge, has expressed confidence that the long-standing border dispute with Venezuela can be resolved without unnecessary delays, targeting a conclusion next year. “This case has been very long in getting...

Guyana’s President, Dr. Mohamed Irfaan Ali on Thursday pledged to build domestic capacity for marketing the South American nation’s rapidly growing oil output. He said the government will work with local businesses and foreign partners to develop the expertise...

Italian oilfield services company Saipem announced that it has completed the first complex subsea structure ever built in Guyana, describing it as a milestone for the country’s local content initiative. The Pipeline End Termination (PLET), manufactured at the Vreed-en-Hoop Shorebase,...

ExxonMobil’s Yellowtail oil project offshore Guyana will ramp up to its full production capacity of 250,000 barrels of oil per day (b/d) in a month.  The company’s Guyana Production Manager Huzefa Ali made the announcement on Thursday during an Energy...

The Guyana Marine Conservation Society (GMCS), in partnership with SBM Offshore Guyana, has launched a booklet featuring the culture and stories of the Warrau Indigenous people of Guyana.   The launch, held on September 29 at the National Center for...

PARAMARIBO, SURINAME – As Suriname prepares for first oil from Block 58 in 2028, Staatsolie CEO Annand Jagesar is urging discipline in how the windfall is managed, a point he emphasized in a September 24 interview with Het Financieele...

TotalEnergies Suriname has stepped up preparations for its GranMorgu project by hosting its second in-person technical training on floating production, storage and offloading (FPSO) process systems. Hércules Medeiros, Executive in Projects, Operations, and Asset Management at TotalEnergies, announced the update...

Suriname’s energy sector must align its local content ambitions with the country’s workforce capacity, advises Lourdes Landa Thierry, South America Business Director at Atlas Professionals.  “Local content should be something about developing the country. So it needs to be a...

Japan’s MODEC said on Tuesday it has been awarded the full engineering, procurement, construction and installation (EPCI) contract to deliver a floating production, storage and offloading (FPSO) vessel for ExxonMobil’s Hammerhead oil project offshore Guyana. The award, which follows a...

Baker Hughes announced Monday that it has secured a significant award from Petrobras to supply up to 50 subsea tree systems and associated services for offshore oil and gas production in Brazil. The award was won through an open...