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SPE International President: Guyana oil boom offers two-way learning opportunity

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Terry Palisch, President of the Society of Petroleum Engineers (SPE) International, concluded his first visit to Guyana this week, signaling the country’s expanding relevance in global energy discussions and the transfer of technical expertise. Palisch, who also serves as Chief...
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Guyana passes House motion condemning Venezuela’s Essequibo vote plans

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Guyana’s Parliament passed a motion on Friday, condemning Venezuela’s decision to hold elections in the Essequibo region. The move affirms the country’s sovereignty over the territory and calls on the international community to uphold international law.  The vote was marked...
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The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

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Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political discourse. The development of offshore reserves, particularly the US$10.5 billion GranMorgu project in offshore Block 58...
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Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

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A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in London. The hearing will focus on a prized 30% stake in Guyana’s Stabroek Block, according to a Reuters report. The confidential...
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Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

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Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its partners over US$214 million in expenses claimed for oil operations in the offshore Stabroek Block, the Natural Resources Ministry said...
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PSC’s top focus will be watchdog role for 2025 elections, new chair says

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The Private Sector Commission (PSC) of Guyana will prioritize its role as an elections watchdog ahead of the country’s 2025 vote, newly elected Chairman Gerald Gouveia Jr. said, announcing plans to revive the body's elections monitoring system. “That’s going to...
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DOF secures US$480M in long-term AHTS contracts with Petrobras

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DOF Group ASA has been awarded four long-term charter and service contracts by Petrobras in Brazil, following a competitive tender process, the company announced this week.  The Skandi Iguaçu, one of the largest anchor handling tug supply (AHTS) vessels ever...
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Suriname’s GranMorgu FPSO enters fabrication phase 

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SBM Offshore has begun fabrication of the GranMorgu floating production, storage and offloading (FPSO) vessel. On May 20, the company held a first steel cut ceremony at BOMESC Shipyard in Tianjin, China, marking the official start of topsides module...
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Afreximbank launches US$1 billion financing opportunity for Guyanese companies with Roadshow 

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The African Export-Import Bank (Afreximbank) has made a substantial advancement toward meeting its pledge of US$1 billion in financing for Guyanese companies, following an introductory conference this week. The two-day event, at the Guyana Marriott Hotel, represented a pivotal moment...
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‘We are not awash with oil money,’ Guyana Vice President says

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Guyana’s Vice President Bharrat Jagdeo on Wednesday pushed back against claims that the country is flush with oil wealth, asserting that revenues from the sector fund only a fraction of national spending. Speaking at the annual National Toshaos Council Conference,...
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GranMorgu development to also tap Baja discovery – TotalEnergies

TotalEnergies announced on Friday that it will leverage its GranMorgu development to also tap the Baja discovery in Suriname's...

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