News

International oil companies (IOC) are expanding in South America, and Guyana is the best example of how their money, technology and project skills are changing the region’s oil supply outlook. This was outlined by Rystad Energy Vice President, Radhika...

SBM Offshore Guyana and MODEC Guyana were recognized for their contributions to national development and workforce expansion at the Guyana Oil and Gas Energy Chamber’s (GOGEC) 2025 Annual Awards and Induction Dinner on November 28. SBM Offshore Guyana received the...

Fifty-six local suppliers have completed Suriname’s Blue Wave Supplier Development Program, expanding the number of businesses equipped to support the country’s offshore industry. Blue Wave announced the milestone on LinkedIn on December 3. 75% of SMEs in Suriname’s Blue Wave...

Global offshore oil and gas engineering, procurement and construction (EPC) activity has reached an estimated US$38 billion year-to-date, according to new data published on December 2 by Westwood Global Energy Group.  Another US$12 billion is expected before the end of...

Development drilling in Trinidad and Tobago’s Central Block has resumed for the first time since 2006, the Ministry of Energy and Energy Industries (MEEI) confirmed on Monday. The Carapal Ridge-3 development well marks the restart of activity in the...

MODEC Guyana is inviting qualified subcontractors to provide start-up, maintenance and optimization services for its seawater treatment systems.  The company is seeking skilled manpower, tools and resources to perform commissioning and start-up, planned and corrective maintenance, remote monitoring and technical...

Residents of Little Red Village on Guyana’s Essequibo Coast now have access to a new community hub following the official commissioning of the 'Lil Red Community Centre' on November 27.  Constructed by Food for the Poor (Guyana) Inc. - with...

Guyana’s deepwater volumes remain central to the pool of “advantaged barrels” that analysts say can withstand prolonged low-price environments. This is according to Norway-based research and energy intelligence company, Rystad Energy. During a recent episode of the firm’s Let’s Talk Energy...

PARAMARIBO, SURINAME – Industry leaders and government officials insist that Suriname’s ability to benefit from upcoming offshore oil production will rely on sustained investments in skills, education and local content capacity. The statements were made during a panel discussion at...

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore operations by providing supply and other support vessels.  With the rapid growth of the offshore oil and gas sector, the country...