News

U.S.-based energy company New Fortress Energy has secured a long-term lease and capacity agreement for its Terminal de Gás Sul’s (TGS) Liquefied Natural Gas (LNG) import facility in Santa Catarina, Brazil, a move aimed at bringing the terminal into...

ExxonMobil Guyana Limited will continue developmental drilling at the Hammerhead project’s HH_1101 drill center offshore Guyana, according to Guyana’s Maritime Administration Department.  The notice stated that the work is being carried out within the Stabroek Block in Guyana’s Exclusive Economic...

The Georgetown Chamber of Commerce and Industry (GCCI) on April 3, 2026 called on the Government of Guyana to halt discussions on the Corentyne River Bridge, citing concerns over Suriname’s recent actions affecting trade and development in Berbice. The chamber...

Rising geopolitical tensions in the Middle East are rippling through shipping routes, with signals pointing to higher import costs and renewed inflationary pressure for countries like Guyana. Speaking recently on the Starting Point podcast, Nicholas Deygoo-Boyer, Director of Vreed-en-Hoop Shorebase...

Stena Carron Drilling Limited (Guyana Branch) has issued an Expression of Interest (EOI) for the supply of lifting equipment to support the ship’s operations offshore Guyana. The notice, issued on March 31, 2026, invites qualified contractors and suppliers to submit...

PARAMARIBO, Suriname — Steven Debipersad, Chair of the Suriname Business Forum (SBF), said an investment climate must be deliberately built, with the government maintaining macroeconomic stability amid global pressures. Speaking on the second day of Caribbean Energy Week in Paramaribo,...

The University of Guyana is moving to expand technical education offers in port, marine, and aviation as employment opportunities grow alongside the country’s oil and gas sector. Outgoing Vice Chancellor Dr. Paloma Mohamed confirmed the plan during an exclusive...

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply disruptions through a key global shipping route. Brent crude rose by 8% on Thursday morning to pass US$109 per barrel. The...

The Stena Carron drill rig will continue exploration operations at ExxonMobil’s Goatfish-1 well in the Stabroek Block offshore Guyana. A notice from the Maritime Administration Department (MARAD) outlined that drilling activities are scheduled to conclude on May 31, 2026. The Goatfish-1...

Brazil’s state oil company Petrobras said it will apply an 18% increase to aviation kerosene (QAV) prices in April while deferring the remainder of the contracted adjustment through installments, as global energy prices rise amid Middle East tensions. Brazil’s state...