News

Guyana’s Liza crude will gain a formal pricing role in Europe from July 1 as Platts reshapes its European Sour Crude Index (ESCI) to better capture evolving Atlantic Basin trade flows and rising imports from Latin America, according to...

The closure of the Strait of Hormuz has already removed an estimated 1.2 billion barrels of oil from global markets, according to Daniel Yergin, Vice Chairman of S&P Global. Yergin made the comments during an interview on CNBC’s Squawk Box...

Trinidad and Tobago will negotiate the commercial terms for cross-border natural gas projects with Venezuela in what officials say must serve the country’s national interest, as policymakers seek to ease tightening domestic gas supply, according to a May 18...

Dear Editor, Guyana’s safety culture is gradually shifting for the better, and I don’t say that lightly. It is no secret that when it comes to safety, especially in the workplace, it was almost nonexistent in Guyana. From my point...

The Energy Chamber of Trinidad and Tobago, in a May 18 report, said major oil operators continue to view Trinidad and Tobago’s deepwater acreage as geologically prospective, with renewed seismic activity and regional comparisons reinforcing interest in underexplored offshore...

Guyana’s investment in education and workforce development in its oil and gas sector offers a model that Suriname should closely examine as it prepares for offshore production and local content development. This is according to local content specialist Anne...

Petrobras has contracted DOF Subsea to construct and operate four offshore support vessels for US$2.14 billion (R$11 billion), a move expected to generate roughly 7,000 direct and indirect jobs and strengthen Brazil’s shipbuilding industry, according to a company statement...

Eco (Atlantic) Oil & Gas said on Monday that it and JHI Associates remain engaged with Guyana’s government over a possible extension or reissuance of the Canje Block license offshore the South American country, months after the acreage expired...

PARAMARIBO, SURINAME – The Financial Times has released a documentary examining Suriname’s emerging offshore oil sector, describing the country as “one of Big Oil’s newest frontiers” while exploring the opportunities and risks tied to the anticipated industry boom.  The 30-minute+...

Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May...