News

Trinidad and Tobago’s decision to lower the royalty rate on qualifying marginal marine gas fields from 12.5% to 8% should give Guyana reason to reflect on how it debates petroleum fiscal terms. The measure, included in Trinidad and Tobago’s Finance...

The Errea Wittu unit for ExxonMobil’s Uaru development in the Stabroek Block is part of MODEC’s latest floating production, storage, and offloading (FPSO) fleet under construction and will use the company's next-generation floating production technology. In its 2025 Integrated Report,...

Weak airline demand continues to weigh on the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) market, where Guyana sells eligible forest carbon credits, according to an S&P Global report published on June 24.  The report noted that demand...

APA Corporation Executive Vice President of Exploration Tracey Henderson argued that the success of the Guyana-Suriname Basin is evidence that long-term investment in oil and gas exploration can deliver major discoveries.  In a June 25 interview on Rystad Energy's Let's...

Businesses supported by Guyana’s Centre for Local Business Development (CLBD) through its AccelerateHer and ElevateAll programs have reported annual revenue growth of up to 70%, according to a post-program impact survey shared with OilNOW on June 29. The Centre said...

French energy major TotalEnergies is expanding the use of generative artificial intelligence (AI) across its workforce to improve operational performance, accelerate innovation, and strengthen decision-making across its business. The company outlined its strategy in its Energy Talks publication released...

Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, is seeking information from qualified suppliers in Guyana to support the testing, calibration and recertification of equipment used aboard three floating production, storage and offloading (FPSO) vessels operating...

PARAMARIBO, SURINAME - SEOGS 2026 closed in Paramaribo with a clear message: Suriname’s offshore opportunity is moving from promise to execution. Across four days of speeches, technical sessions, project updates, private sector engagements, and exhibition activity, the Suriname Energy, Oil...

The Guyana government is moving to establish a Development Bank that, when operational, would expand access to financing for small and medium-sized enterprises (SME) and reshape how local businesses secure investment capital. The institution is designed to sit at...

A Japan shipyard has completed the first section of MODEC’s next-generation hull for a floating production, storage and offloading vessel. Sumitomo Heavy Industries, Ltd. finalized the forward hull section at its Yokosuka shipyard. On July 2, the completed structure departed...