News

Hunting PLC on April 7 said it has been awarded US$63.5 million in orders for its titanium stress joint (“TSJ”) product line for a new offshore development in Guyana.  Hunting noted that “the award will be completed by the Group’s...

Guyana will be a key feature of the Offshore Technology Conference’s Around the World Series on May 5, 2026, with two sessions in Houston set to examine the country’s policy direction, investment climate, local content framework, and wider development...

Valaris Limited announced on April 6 that it has secured a 10,64-day contract extension with Petrobras for its drillship VALARIS DS-4 offshore Brazil. The extension is “expected to commence in November 2027 in direct continuation of the existing program” and...

Shell’s Community Upskilling Programme is equipping residents of Trinidad and Tobago with practical skills to meet the evolving demands of the energy sector. The company described the initiative as “anchored in this principle: a resilient energy sector depends on...

For generations, goods, people, and livelihoods have flowed along the Corentyne River, linking Guyana and Suriname in a steady rhythm of trade that long predates oil, politics, and modern borders. But what happens when that flow is disrupted? Guyana’s recent...

Global oil prices moved higher this week as tensions between the United States and Iran intensified ahead of a deadline tied to the Strait of Hormuz, a key global shipping route. Brent crude traded above US$111 per barrel in early...

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...

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...

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...

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...