News

DOF Subsea has announced one-year contract extensions for two of its vessels operating offshore Guyana. The company said in a LinkedIn post on October 23 that the Skandi Nomad is now contracted until the fourth quarter of 2026, while the...

Baker Hughes has reported a record $32.1 billion backlog in the third quarter of 2025, driven by strong orders in its Industrial & Energy Technology (IET) segment and rising demand from the liquefied natural gas (LNG), power generation, and...

Eco Atlantic Oil and Gas is taking a fresh look at its 2019 Jethro-Lobe discovery offshore Guyana, after ExxonMobil’s Hammerhead project proved that heavy oil finds in the basin can be commercially developed. Chief Executive Officer Gil Holzman said in...

TechnipFMC Chief Executive Officer Doug Pferdehirt has highlighted the company’s exceptional record of securing every subsea production system contract awarded by ExxonMobil in Guyana since 2017. Speaking on the company’s third-quarter 2025 earnings results announced on Wednesday, Pferdehirt said that...

As Suriname prepares for its first major offshore oil production, President Jennifer Geerlings-Simons said the government is committed to using those resources to protect the country’s vast forests and biodiversity.  She noted that Suriname remains “about 93%” forested and described...

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net income attributable to the company was US$309.7 million, or US$0.75 per diluted share, while adjusted net income reached US$312.1 million....

While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the few nations bucking the trend. According to Palzor Shenga, Vice President – Upstream Research at Rystad Energy, the South American...

The Energy Chamber of Trinidad and Tobago has responded to Nutrien Ltd.’s announcement of a controlled shutdown of its ammonia and urea operations at the Point Lisas Industrial Estate, noting the importance of maintaining the country’s attractiveness to investors.  In...

PARAMARIBO, SURINAME - In the run-up to the 30th Session of the COP30 (United Nations Climate Change Conference) scheduled for November in Belém, Brazil, Suriname is signaling its intent to link climate action with its evolving oil and gas-era...

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report that Suriname’s large-scale offshore GranMorgu oil project in Block 58 is 23% complete, according to a report from the Office...