News

PARAMARIBO, SURINAME – The first subsea equipment for the GranMorgu offshore oil development has arrived in Suriname, as the project moves toward offshore installation. Block 58 operator TotalEnergies EP Suriname confirmed on April 14 that components of the long baseline...

Brazil’s state oil company Petrobras has approved the final investment decision for the SEAP I project, with SBM Offshore set to construct the platforms for the Sergipe-Alagoas Basin development. The approval advances the Sergipe Águas Profundas (SEAP) project, described as...

The Greater Guyana Initiative (GGI), a US$100 million investment by Stabroek Block co-venturers ExxonMobil Guyana, Hess Guyana Exploration, and CNOOC Petroleum Guyana, is inviting proposals from civil society organizations as part of its ongoing capacity development program in Guyana. “Applying...

Chevron and Shell are expected to sign agreements with Venezuela’s oil ministry and state-owned Petróleos de Venezuela, S.A. (PDVSA) to advance development of the Loran gas field and expand oil operations in the Orinoco Belt. Reuters reported on April 13...

Grid-connected solar systems under Guyana’s Low Carbon Development Strategy (LCDS) are set to reduce household dependence on electricity generated by Guyana Power and Light Inc. (GPL), with a structured rollout now targeting thousands of homes. Speaking on the Starting Point...

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 is among the high-growth offshore markets expected to require more than 100 subsea trees by 2030, according to Westwood Global Energy Group in an April 13 LinkedIn post. “High-growth markets including Australia, China, and Guyana are each expected to...

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...