News

Petrobras has identified hydrocarbons in the pre-salt section of Brazil’s Campos Basin, following exploratory drilling in block C-M-477 offshore Rio de Janeiro, it said in an April 13 release. According to Petrobras, the fluid samples have been collected and will...

Guyana’s Prime Minister Mark Phillips urged the public not to panic buy or hoard fuel on Monday, saying supplies are stabilizing after a temporary disruption caused by a delayed shipment from a major supplier. Guyana, like many countries globally, is...

Gas stations across Guyana are short on fuel, with several locations around Georgetown closed and others rationing supplies, as disruptions linked to the ongoing Iran war affect availability. President Irfaan Ali met with fuel importers on April 13, 2026, to...

British multinational bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco (Atlantic) Oil & Gas, as it looks to grow its upstream portfolio. The agreement covers Petroleum Exploration Licenses 97, 99 and...

Guyana’s Gas-to-Energy project, one of the country’s largest infrastructure undertakings, is being financed through a mix of private investment, government spending, and external borrowing, with costs spread across offshore and onshore components. The project, estimated at about US$2 billion, is...

Guyana’s crude is reaching deeper into Asia, with India emerging as a growing destination for cargoes as exports expand eastward. Shipments are being integrated into the country’s large, complex refining system, showing rising demand for Guyana’s crude grades. According to...

Halliburton has launched its Development Excellence Engineer Program (DEEP) in Suriname, marking the first time the initiative is being offered in the country. The company said it is “looking for the right people-people who want to innovate, achieve, grow and...

Guyana is defined by its water and forests, with nearly 14% of its land covered by rivers and wetlands and over 80% by dense rainforest. As it emerges as a major oil producer, ensuring that progress does not come...

Could Jethro become Guyana’s next standalone oil development? The Orinduik Block discovery has been viewed that way since August 2019, when Tullow Oil said the find could hold more than 100 million barrels of recoverable oil and support a...

Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs expertise in the oil and gas sector. The cooperation document was signed in Paramaribo on April 10, 2026. The initiative will...