News

As part of a wider effort to bolster the capabilities of Surinamese businesses, Chevron and Staatsolie are set to host a Supplier Development Program later this month. This initiative follows the successful 2023 Blue Wave Supplier Development Program launch,...

Jumbo Offshore has been awarded a contract by MODEC Guyana Inc. for the pre-installation of the mooring spread of the Errea Wittu floating production storage and offloading vessel (FPSO), which will be located offshore Guyana at ExxonMobil’s Uraru Development. Errea...

Guyana is set to sign a memorandum of understanding (MoU) with India, initiating a potential pathway for India to diversify its oil imports by considering the purchase of crude from the South American country. This development follows a recent...

ExxonMobil Guyana has recommenced exploration drilling operations at the Bluefin-1 well site within the Stabroek Block. This continuation of exploration activities was announced in a notice to mariners issued by Guyana's Maritime Administration Department (MARAD). The Stena Drillmax has been...

Elson Low, an Economic Advisor in Guyana's main Opposition Party, says access to more information relating to the wells at the prolific Stabroek Block would help to better solidify the APNU+AFC coalition's position on the matter of ringfencing. ...

The move to develop the Amaila Falls hydropower project in Guyana started with four companies submitting bids to the National Procurement and Tender Administration Board in December 2023. The project, aiming to deliver 165 megawatts (MW) of clean energy,...

The need for engineers in Guyana’s booming oil industry has led to students from the country’s premier university being absorbed by companies even before they graduate.  Vice Chancellor (VC) of the institution, Dr. Paloma Mohamed shared in a recent discussion...

Wood Mackenzie's recent analysis revealed a shift in the oi and gas industry, characterized by a wave of consolidation, which it said is poised to persist through the energy transition phase.  In a Jan. 9...

Westwood Global Energy Group reported a steady increase in dayrates for jackups, semisubmersibles, and drillships throughout 2023, with the latter two types seeing dayrates reaching or exceeding US$500,000 per day, excluding additional services. Westwood noted that the surge in rates,...

Suriname’s state oil company - Staatsolie - revealed that TotalEnergies and APA Corporation drilled 14 wells in Block 58 before the big wins with the Sapakara South and Krabdagu discoveries.  Both reservoirs underpin Suriname’s first offshore development, pegged at approximately...