News

Guyana’s first competitive offshore licensing round affected one component of its investment attractiveness score, but the country remains among the Atlantic Margin’s stronger performers, according to Irena Agalliu, Global Head of Energy and Climate Policy Consulting at S&P Global...

DOF Group ASA has secured a three-year contract for the Skandi Involver to support subsea work in Guyana’s Stabroek Block, where ExxonMobil Guyana Limited continues to advance offshore development activity. The Norway-based offshore and subsea services company announced on June...

PARAMARIBO, SURINAME – On June 22 in Paramaribo, stakeholders gathered for a workshop focused on improving oil spill response decision-making as part of the Suriname Energy, Oil and Gas Summit (SEOGS) 2026 pre-summit events.  The session, titled "NEBA/SIMA in Practice:...

Blue Water has commenced work under a third‑party logistics (3PL) contract with ExxonMobil Guyana, providing warehouse and materials management services to support offshore operations. The contract was signed on March 4, 2026, with operations beginning on 15 April. The scope...

SBM Offshore has ordered the seventh hull under its Fast4Ward® program, advancing its strategy of building standardized floating production, storage and offloading (FPSO) units for future developments. The company announced on June 29 that it signed a contract with Shanghai...

The Upper Cretaceous play in the Guyana-Suriname Basin is entering a maturing phase following a strong discovery cycle, according to Westwood Global Energy Group’s latest Insights post published June 25. The analysis shows a broader slowdown in global high-impact exploration...

PARAMARIBO, SURINAME – TotalEnergies is sending Surinamese engineers overseas to gain hands-on experience ahead of first oil from the GranMorgu development, according to Artur Nunes da Silva, General Manager of TotalEnergies Suriname. Speaking on day two of the Suriname Energy,...

At just 16 years old, Juzel Prince walked through the gates of MatPal Marine Institute carrying a dream that few young women in Guyana dared to imagine. Today, the deck cadet is encouraging other young people, particularly girls, to consider...

Guyana’s government still views Cybele Energy as committed to the country’s oil sector, even as the company’s overdue US$17 million signing bonus has forced the matter before the state’s legal team. Minister of Natural Resources Vickram Bharrat told OilNOW that...

Cooking gas from Guyana’s proposed gas bottling plant at Wales, West Bank Demerara, could help lower operating costs for major hotels and restaurants. The Guyana government is currently working on procuring a developer for the facility. The potential benefit would...