News

The Government of Guyana on Monday tabled the long-anticipated Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill 2025 in Parliament, moving to strengthen the country’s legal framework for managing offshore oil spills amid the rapid expansion of its petroleum...

The Government of Guyana is stepping up efforts to strengthen the local content framework in the oil and gas sector, according to the Ministry of Natural Resources. At the recently concluded Local Content Summit, Minister of Natural Resources, Vickram Bharrat,...

An April 28 article by the Energy Chamber of Trinidad and Tobago floated the idea of Guyana being a “potential source” of natural gas to fill the Twin Island Republic's spare capacity.  With Trinidad’s Dragon gas dreams appearing dashed, the...

Despite its role as one of the fastest-growing oil producers in ExxonMobil’s global portfolio, Guyana accounted for just 4.2% of the energy giant’s total long-lived assets at the end of 2024, according to data in the company’s 2024 annual...

Annand Jagesar, Managing Director of Staatsolie, believes that Suriname is facing a shortage of skilled labor as it prepares for offshore oil production.  During a recent interview with Kaori Media, Jagesar noted, “Currently, only 7% of our workforce holds a...

Wison New Energies -  a leading provider of clean energy technology and solutions headquartered in Shanghai - has been contracted to conduct a detailed feasibility study for a proposed floating liquefied natural gas (FLNG) facility at Suriname’s offshore...

Trinidad and Tobago's Dragon gas project, once considered key to restoring gas production in the Caribbean nation, was halted by the Trump administration due to its Venezuelan ties. Despite this setback, the country still has several projects in the...

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a contract for ExxonMobil Guyana’s Hammerhead project.  The contract, awarded by MODEC, Inc., covers Engineering, Procurement, Construction, and Installation (EPCI) of the...

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of Natural Resources. The Stabroek Block, spanning 26,800 square kilometers, is the centerpiece of Guyana’s deepwater oil...

Halliburton has secured significant offshore exploration contracts in Suriname, strengthening its international footprint despite a revenue decline in the first quarter. Chairman, President and Chief Executive Officer, Jeff Miller, said, “Customers awarded Halliburton several contracts that demonstrate the strength of...