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Trinidad’s Dragon gas deal is back, but with a twist

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The Dragon gas deal between Trinidad and Tobago and Venezuela has been resurrected, but its return comes with new elements.  On April 8, the U.S. government revoked licenses previously granted to Trinidad and Tobago for the Dragon and Manakin-Cocuina cross-border...
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Saipem’s Castorone vessel in Guyana for Whiptail development works 

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Saipem’s Castorone vessel has commenced its campaign for Guyana’s Whiptail development. This was confirmed by Saipem’s Company Supply Chain Manager, Diego Vicke in a LinkedIn post on October 9.  Saipem’s scope of work entails the detailed engineering, procurement, construction, and...
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Project FLOW launches to provide clean water access for more than 58,000 students in Guyana 

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The Greater Guyana Initiative (GGI), in collaboration with the Ministry of Education and Recover Guyana, officially launched its Signature Project: FLOW: National Water Purification and Sustainability Initiative for Public Secondary Schools, TVET Institutions, and Special Needs Schools in Guyana.  According...
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Saipem’s Guyana workforce now 80% local, says Country Manager

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Saipem Guyana’s operations are powered largely by Guyanese talent, according to Country Manager Gianluigi Della Rosa. In a LinkedIn post on October 8, Della Rosa said that of the 220 people employed at the company’s Vreed-en-Hoop shore base in...
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Noble Regina Allen rig set to drill Korikori-1 exploration well offshore Suriname

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Suriname's state oil company Staatsolie announced on Wednesday that drilling of the Korikori-1 exploration well at Block 5 will be carried out by the Noble Regina Allen rig, which is expected to arrive in the first half of October.  The...
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Global oil market faces oversupply risk as demand softens, says Westwood

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In an October 7 report, Westwood Global Energy Group warned that 2025 is shaping up as a turbulent year in the global oil and gas sector, with soft demand and surging supply threatening to unbalance the market. Westwood points out...
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TotalEnergies moves to strengthen Suriname’s offshore supply chain

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TotalEnergies EP Suriname hosted a two-day workshop this week aimed at strengthening local participation in offshore supply vessel services as the country prepares for oil production from the GranMorgu project in Block 58. Held on October 6–7 in collaboration with...
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Hunting wins US$20 million Guyana contract for deepwater drilling supplies

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Hunting PLC said on Monday it is executing a US$20 million contract to deliver Oil Country Tubular Goods (OCTG) accessories for deepwater drilling operations offshore Guyana, strengthening the British oilfield services company’s foothold in one of the world’s fastest-growing...
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Jaguar FPSO deal wins Latin Finance’s Oil & Gas Financing of the Year award 

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Intelligence source Latin Finance has named the Jaguar FPSO financing deal as its Oil & Gas Financing of the Year, spotlighting the project’s innovative structure and its pivotal role in Guyana’s rise as a global offshore powerhouse. According to the...
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GTTCI launches 18-month Advanced Oil and Gas Diploma Program in Berbice, Guyana

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The Guyana Technical Training College Inc. (GTTCI) has officially launched its 18-month accredited Advanced Diploma in Oil and Gas course at the new, soon-to-be-completed campus in Port Mourant, Berbice. On October 6, 28 trainees were welcomed by Professor Emeritus Clement...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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