News

Petrobras has contracted DOF Subsea to construct and operate four offshore support vessels for US$2.14 billion (R$11 billion), a move expected to generate roughly 7,000 direct and indirect jobs and strengthen Brazil’s shipbuilding industry, according to a company statement...

Eco (Atlantic) Oil & Gas said on Monday that it and JHI Associates remain engaged with Guyana’s government over a possible extension or reissuance of the Canje Block license offshore the South American country, months after the acreage expired...

GCCI Senior Vice President Gavin Ramsoondar said Guyanese companies seeking opportunities in the oil and gas sector must improve their internal systems and operational readiness. Ramsoondar made the comments following the Offshore Technology Conference (OTC) 2026 in Houston, Texas. “One of...

PARAMARIBO, SURINAME – The Financial Times has released a documentary examining Suriname’s emerging offshore oil sector, describing the country as “one of Big Oil’s newest frontiers” while exploring the opportunities and risks tied to the anticipated industry boom.  The 30-minute+...

Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May...

Brazil’s state-run oil company Petrobras said it will more than double oil and gas production in Bahia to 30,000 barrels of oil equivalent per day (boed/d), supported by new investments and projects expected to generate jobs, according to a...

Trinidad and Tobago’s liquefied natural gas (LNG) production increased in 2025 for the first time since 2022, even as the country continues to face feedgas supply constraints from mature offshore reservoirs, according to an Energy Chamber of Trinidad and...

International companies and investors at the Offshore Technology Conference (OTC) 2026 examined opportunities tied to several sectors in Guyana, according to GCCI Senior Vice President Gavin Ramsoondar. Ramsoondar spoke to OilNOW about the discussions following Guyana’s participation at the conference...

ExxonMobil’s use of artificial intelligence and advanced computing tools is accelerating seismic interpretation in Guyana, allowing faster evaluation of offshore acreage and changing how potential oil discoveries are assessed.   According to Vice President of Exploration John Ardill, speaking to Reuters...

Local content specialist Anne Rita Wijdh is urging major offshore operators in Suriname to begin investing in advanced academic and research programs before first oil production begins, pointing to Guyana’s ExxonMobil-supported education initiatives as an example of how early...