News

Halliburton, PETRONAS Suriname, Valaris align early for offshore development execution

Halliburton has signed a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production B.V. and Valaris to support development of offshore assets in Suriname, the company said on April 6, 2026. The agreement brings the three companies together at an...

Skilled workforce flagged as key gap for Suriname’s offshore push at Caribbean Energy Week

Officials at Caribbean Energy Week have stressed the need for skilled labor to sustain offshore development as a priority. Speaking on a panel in Paramaribo last Tuesday, Andrew Hepburn, Shell’s Country Chair for Suriname and São Tomé and Príncipe, said...

Payara crude holds slight price premium over other Stabroek Block grades

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other crude grades in the country so far this year, maintaining a cents-per-barrel lead, according to data from the Ministry of...

CEW 2026: Grenada targets Q4 2026 launch for oil exploration license bids

Grenada is preparing to invite bids for offshore exploration licenses by the fourth quarter of 2026, as it positions itself for entry into the upstream hydrocarbons sector. “Grenada is open for business and working toward awarding licenses in fourth quarter...

UG boosts enrollment and infrastructure, but engineers still in short supply

Guyana continues to face a shortage of engineers even as the University of Guyana (UG) expands enrollment and infrastructure to meet growing demand from the oil and gas sector. In an exclusive interview with OilNOW on March 31, outgoing Vice...

Afreximbank opens direct financing pathways for Surinamese firms targeting oil and gas contracts

Afreximbank is positioning itself as a direct financing partner for Surinamese companies seeking to compete for oil and gas contracts, Acting Regional Chief Operating Officer for the Caribbean, Okechukwu Ihejirika, told OilNOW at Caribbean Energy Week in Paramaribo. He pointed...

ExxonMobil continues Hammerhead drilling with Noble Don Taylor offshore Guyana

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...

Sweet crude advantage keeping Guyana refinery talks alive

Guyana’s high-quality crude is helping sustain ongoing talks for a US$300 million refinery project, even as negotiations continue without a final agreement. Speaking during a March 29 interview on the Sources program, Nicole Theriot, United States Ambassador to Guyana, said...

Suriname’s open-door policy offers customizable offshore contracts, study-first option

Staatsolie’s open-door offering allows companies to choose contract types, define acreage, and design work programs, giving operators more control over how they enter and explore offshore blocks. Speaking on the sidelines of Caribbean Energy Week, Offshore Exploration Manager Sharista Kisoensingh...

US company locks in lease for $50M/yr LNG import terminal in Brazil

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...

Latest News

Letter to the Editor: Seeing change in simple ways

Dear Editor, Some time ago, I wrote about how surprised I was to see real benefits from Guyana’s growing oil...