News

Celebrating Women in Energy: A look at some trailblazers shaping the industry

  The energy sector is a vast and complex machine, powered by countless moving parts—each playing a crucial role in keeping the industry running. Among them are women who have become indispensable cogs driving progress and innovation. These trailblazers may...

Guyana ranked 8th among U.S. crude oil suppliers in 2024

The United States imported 176,000 barrels per day (b/d) of crude oil from Guyana in 2024, making the South American nation the eighth-largest supplier of crude to the U.S. market, according to data from the U.S. Energy Information Administration...

Noble secures Jackup contract for offshore Suriname drilling

Noble Corp. has signed a new contract for its Noble Regina Allen jackup rig with an undisclosed operator offshore Suriname. The drilling contractor announced the deal on March 5 via LinkedIn. The contract covers one well with an estimated duration...

Guyana wants expert to resolve dispute with Exxon over US$214 million in expenses

The Government of Guyana said on Thursday that it is preparing to take the next step in the dispute resolution process with ExxonMobil and its partners, Hess and CNOOC, over the disallowance of approximately US$214.4 million in expenses claimed...

Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over the dispute under their engineering, procurement, and construction (EPC) contract for the Gas-to-Energy project.  The Dispute Avoidance and Adjudication Board (DAAB)...

Guyana asks ICJ to stop Venezuela’s plan for May election in the Essequibo region

Guyana has formally requested the International Court of Justice (ICJ) to prohibit Venezuela from proceeding with its planned elections in the Essequibo region, according to a release from the Ministry of Foreign Affairs and International Cooperation on Thursday.  The request...

SLB expands presence in Suriname with new office

SLB has strengthened its presence in Suriname with the opening of a new office in Paramaribo, reinforcing its commitment to the country’s energy development. The opening event was attended by senior representatives from Staatsolie Maatschappij Suriname, including Director Downstream...

Energy and Infrastructure must go hand in hand, says CNOOC Guyana President

The critical link between energy and infrastructure is key to shaping Guyana’s economic future, said Lian Jihong, President of CNOOC Petroleum Guyana Limited, at the 2025 Guyana Energy Conference. Addressing an audience of industry leaders, policymakers, and investors, he...

Lessons from TT: Heritage Petroleum CEO on risk management, cost control in oil industry

A robust risk management framework is crucial in the oil and gas industry, especially given the volatile global oil markets and potential geopolitical impacts, according to Heritage Petroleum’s Eric Kuskula. Kuskula - CEO of Trinidad and Tobago’s newest state-owned oil...

Venezuela might shift to China, Russia, and Iran but it won’t replace US oil expertise – Rystad Energy 

W. Schreiner Parker, Managing Director for Latin America at Rystad Energy, has commented on the consequences of U.S. President Donald Trump's decision to revoke Chevron’s license to operate in Venezuela. He stated that this action delivers a significant blow...

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Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali,...