News

Guyana is among a group of countries that have introduced sweeping changes to their petroleum laws in a bid to stay competitive for upstream investment, according to GEOExPro, a worldwide energy magazine and online publication. The publication reported, “Jurisdictions like...

ExxonMobil Guyana Limited (EMGL) began Autonomous Underwater Vehicle (AUV) surveying operations in the Stabroek Block on August 20, 2025.  According to a recent notice from the Maritime Administration Department (MARAD), the exercise is scheduled to run until September 30, 2025,...

Suriname’s state oil company Staatsolie announced it will open a new offshore licensing round on November 24, 2025, giving investors the chance to bid for open acreage under flexible contract terms. The Open-Door Offering will allow companies to select their...

MODEC Guyana Inc. has announced that it is seeking a subcontractor to provide industrial gas supply services for its operations in Guyana. The company said the subcontractor will be responsible for ensuring high standards of material quality, supply reliability,...

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C) is campaigning on a platform of continuity, while opposition parties vow to impose stricter oversight and secure a greater share...

Frédéric Beys, Project Director for TotalEnergies’ GranMorgu development, said the company’s first Suriname oil project has been slowed by geological and logistical challenges that shaped its design and timeline.  “The geology of Block 58 in Suriname is much more complex...

The Energy Chamber of Trinidad and Tobago has released an updated map of upstream activity as of August 2025, showing how several projects have shifted through the development cycle in the past six months.  The map was first unveiled at...

Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of Emerging Markets & NOCs at Rystad Energy. In an exclusive interview with OilNOW, Parker said, “Chevron is one of the biggest...

Trinidad and Tobago will give the United States access to its territory if Washington seeks to defend neighboring Guyana against any attack or invasion by Venezuela, Prime Minister Kamla Persad-Bissessar said on Saturday, underscoring her government’s support for the...

PARAMARIBO, SURINAME - Suriname entered 2025 with growing momentum in its energy sector. Following a series of discoveries offshore, the focus is now shifting toward preparing for commercial production and the long-term development of the industry. The most significant milestone...