News

PARAMARIBO, SURINAME – As Suriname prepares for first oil from Block 58 in 2028, Staatsolie CEO Annand Jagesar is urging discipline in how the windfall is managed, a point he emphasized in a September 24 interview with Het Financieele...

TotalEnergies Suriname has stepped up preparations for its GranMorgu project by hosting its second in-person technical training on floating production, storage and offloading (FPSO) process systems. Hércules Medeiros, Executive in Projects, Operations, and Asset Management at TotalEnergies, announced the update...

Suriname’s energy sector must align its local content ambitions with the country’s workforce capacity, advises Lourdes Landa Thierry, South America Business Director at Atlas Professionals.  “Local content should be something about developing the country. So it needs to be a...

Japan’s MODEC said on Tuesday it has been awarded the full engineering, procurement, construction and installation (EPCI) contract to deliver a floating production, storage and offloading (FPSO) vessel for ExxonMobil’s Hammerhead oil project offshore Guyana. The award, which follows a...

Baker Hughes announced Monday that it has secured a significant award from Petrobras to supply up to 50 subsea tree systems and associated services for offshore oil and gas production in Brazil. The award was won through an open...

Touchstone Exploration Inc. has entered the completion phase at its Cascadura development in Trinidad, advancing a strategic portfolio shift. In a September 29 update, the company stated that drilling at the Cascadura-4 development well, now designated Cascadura-4ST2X, was completed earlier...

Ramps Logistics says its homegrown platform, MAWI, has been shortlisted for the 2025 Breakbulk Awards — the first time a technology created in the Caribbean has reached this level of recognition. According to the company's September 26 release, MAWI has...

Guyana will issue four production sharing agreements (PSAs) in October under its first offshore licensing round, Natural Resources Minister Vickram Bharrat said on Sunday. Speaking on the Starting Point podcast, Bharrat said, “About four of those PSAs will be signed...

The Hammerhead Petroleum Production Licence requires the operator to hire an independent third-party consultant three years after first oil to conduct an external audit of resources and reserves.  According to the document, the Licence Holder must procure “an unaffiliated, independent...

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and Guyana; one is a long-standing oil producer, and the other is a newcomer racing to meet the demands of its...