News

Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana's Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana...

The timeframe to ramp up Guyana projects to peak production is significantly less than neighboring Brazil, according to S&P Global Commodity Insights.  There are only two floating production, storage and offloading (FPSO) vessels operating offshore Guyana, in the Stabroek Block...

Blue Water Suriname, a subsidiary of global logistics company Blue Water, has announced the appointment of Gerson Sporkslede as its General Manager, signifying its readiness for full operations in the region.  In a release on October 13, Blue Water said...

In September 2023, Guyana's natural resource fund (NRF) saw a revenue inflow of US$85 million (approximately GY$17.78 billion) from the sale of a single lift of profit oil from ExxonMobil’s Stabroek block production.  According to the Bank of Guyana, the...

Trinidad’s National Gas Company (NGC) and Methanex Trinidad Limited (Methanex), the world's largest producer of methanol, have officially signed a gas sales contract (GSC) for the resumption of gas supply to the Titan methanol plant located on the Point...

The Government of Guyana has reissued a request for proposals (RFP) for the Amaila Falls hydropower project (AFHP), the country's largest renewable energy project.  The move comes after a previous RFP in 2021 failed to secure a lasting contract with...

Affiliates of QatarEnergy and TotalEnergies have signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (mtpa) of liquefied natural gas (LNG) from Qatar to France. According to the...

Guyana is on the brink of unveiling its draft national gas utilization strategy.  This was shared by Vice President Bharrat Jagdeo during a weekly press conference on October 12 where he indicated that public consultations would commence soon. Jagdeo announced, “We...

Dutch floater specialist, SBM Offshore announced on Friday that it has been awarded contracts to perform front end engineering and design (FEED) for a floating production, storage and offloading vessel (FPSO) for ExxonMobil’s Whiptail development project in Guyana. Following FEED...

The Guyana government expects ExxonMobil Guyana to submit its field development plan (FDP) for the Whiptail project before the end of October. “ EMGL has indicated their intention to submit their production license application and FDP by the end of...