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Guyana passes House motion condemning Venezuela’s Essequibo vote plans

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Guyana’s Parliament passed a motion on Friday, condemning Venezuela’s decision to hold elections in the Essequibo region. The move affirms the country’s sovereignty over the territory and calls on the international community to uphold international law.  The vote was marked...
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The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

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Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political discourse. The development of offshore reserves, particularly the US$10.5 billion GranMorgu project in offshore Block 58...
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Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

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A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in London. The hearing will focus on a prized 30% stake in Guyana’s Stabroek Block, according to a Reuters report. The confidential...
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Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

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Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its partners over US$214 million in expenses claimed for oil operations in the offshore Stabroek Block, the Natural Resources Ministry said...
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PSC’s top focus will be watchdog role for 2025 elections, new chair says

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The Private Sector Commission (PSC) of Guyana will prioritize its role as an elections watchdog ahead of the country’s 2025 vote, newly elected Chairman Gerald Gouveia Jr. said, announcing plans to revive the body's elections monitoring system. “That’s going to...
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DOF secures US$480M in long-term AHTS contracts with Petrobras

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DOF Group ASA has been awarded four long-term charter and service contracts by Petrobras in Brazil, following a competitive tender process, the company announced this week.  The Skandi Iguaçu, one of the largest anchor handling tug supply (AHTS) vessels ever...
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Suriname’s GranMorgu FPSO enters fabrication phase 

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SBM Offshore has begun fabrication of the GranMorgu floating production, storage and offloading (FPSO) vessel. On May 20, the company held a first steel cut ceremony at BOMESC Shipyard in Tianjin, China, marking the official start of topsides module...
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Afreximbank launches US$1 billion financing opportunity for Guyanese companies with Roadshow 

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The African Export-Import Bank (Afreximbank) has made a substantial advancement toward meeting its pledge of US$1 billion in financing for Guyanese companies, following an introductory conference this week. The two-day event, at the Guyana Marriott Hotel, represented a pivotal moment...
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‘We are not awash with oil money,’ Guyana Vice President says

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Guyana’s Vice President Bharrat Jagdeo on Wednesday pushed back against claims that the country is flush with oil wealth, asserting that revenues from the sector fund only a fraction of national spending. Speaking at the annual National Toshaos Council Conference,...
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TT offshore auction largest ever in history – S&P 

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S&P Global Commodity Insights has rated Trinidad and Tobago’s 2025 deepwater bid round the “largest offshore auction in the country’s history”. The bidding round opened in January and will remain active until early July. The bid round offers 26 offshore...
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Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the...

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