News

The AccelerateHer program is now accepting applications for its fourth cycle. The program empowers women entrepreneurs to grow their businesses through tailored workshops, one-on-one advisory services, and mentoring. It also fosters collaboration and peer learning. AccelerateHer pairs participants with professional...

Recover Guyana, in partnership with the Greater Guyana Initiative (GGI) and the Ministry of Education, has spearheaded a water purification and sustainability initiative at the West Demerara Secondary School. Launched on March 24, the project provides clean drinking water...

Staatsolie Maatschappij Suriname N.V. issued a new bond on March 23, 2025, reportedly raising US$515.8 million—US$211.7 million more than its initial target of US$304.1 million. In an announcement on Monday, the state oil firm said the bond, set for 2025-2033,...

Noble Drilling has awarded scholarships to 20 outstanding marine cadets as part of its Noble Marine Scholarship Program. The company shared this announcement on LinkedIn on March 21.  The initiative, conducted in collaboration with MatPal Marine Institute and El Dorado...

Chevron Corporation has secured a 30-day extension from the U.S. government to conclude its operations with Venezuela's state-owned Petroleos de Venezuela SA (PDVSA), moving the deadline from April 3 to May 27.  The extension follows intense lobbying by Chevron and...

Stena Carron has become the second Stena Drilling drillship to receive DNV’s Abate(P) notation, following its sister vessel, Stena DrillMAX. The notation recognizes efforts to reduce greenhouse gas emissions through technical and operational measures. The DNV Abate(P) notation is a...

Touchstone Exploration Inc. has reported record production and a return to profitability in its annual 2024 financial and operating results. President and Chief Executive Officer Paul Baay stated, “In 2024, Touchstone maintained its growth trajectory, achieving record annual production and...

Baker Hughes announced on March 20 that it secured a multi-year contract with Petrobras to provide fully integrated completions for the Brazilian state-owned energy giant’s offshore fields.  The deal, described as “major” by Baker Hughes, was awarded through an open...

Douglas Pferdehirt, Chief Executive Officer of TechnipFMC believes that emerging markets like Guyana, Namibia, Mozambique and Suriname, are bright spots for the offshore industry moving forward. Speaking at the Piper Sandler Energy Conference this week, the CEO said these...

Petrobras has identified hydrocarbons in the pre-salt Santos Basin at an exploratory well in the Aram block. The discovery was made at well 4-BRSA-1395-SPS, located 245 km off the coast of Santos, São Paulo, at a water depth of...