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Suriname’s upstream sector poised for US$9.5 billion investment – Rystad Energy  

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Capital investment in Suriname’s upstream oil and gas sector is set to grow significantly, with spending projected to reach US$9.5 billion between 2024 and 2027, according to Rystad Energy. This surge is driven by the TotalEnergies-operated GranMorgu project and new...
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Suriname among top oil frontiers, 2.2 billion boe secured since 2020 – Norway firm

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Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027...
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Venezuela received over US$1 million in oil payments plus confidential signing bonus for Dragon gas deal – Young 

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As concerns mount for the future of the Dragon gas development, Trinidad’s Energy Minister Stuart Young told local media that the country has already doled out payments to Venezuela.  Young, quoted in the TT Daily Express said Venezuela was paid...
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Trump killed Chevron’s Venezuela oil deal. Is Dragon gas next? 

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President Donald Trump has cut off the Biden-era financial lifeline to Venezuela by revoking Chevron’s oil export deal. Now, questions loom over the Dragon gas project between Trinidad and Tobago and Venezuela—could it be next?  Trump, via his Truth Social...
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Suriname’s first offshore project advances as TotalEnergies receives FPSO hull

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The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s GranMorgu offshore development has been delivered, TotalEnergies announced. The hull was reserved in June last year. It was fabricated by China Merchants Heavy Industry (CMHI). “We...
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TT gas picture not complete without Dragon, Manakin-Cocuina fields – Young

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Trinidad and Tobago’s gas sector depends on resources from Venezuela’s cross-border fields, according to Energy Minister Stuart Young. He recently emphasized the importance of the Dragon and Manakin-Cocuina fields in the country’s long-term energy strategy. “The Trinidad and Tobago gas...
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Petronas could deliver Suriname’s 2nd FID as early as next year

Shikema Dey -
Suriname expects its second final investment decision in 2026 for the Petronas-operated Block 52.  Annand Jagesar, head of Suriname’s state oil firm Staatsolie made the announcement today during a presentation at the Guyana Energy Conference.  Petronas hit pay at the Slonea-1...
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About 500 million boe in Suirname’s Block 52 – Rystad Energy 

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Rystad Energy estimates that Suriname’s Block 52 holds an estimated 500 million equivalent barrels of oil equivalent resources, according to a new report.  Petronas holds 100% of the working interest in Block 52 after its partner, ExxonMobil pulled out last...
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TT Energy Chamber calls for increased exploration drilling to sustain oil and gas industry

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The Trinidad and Tobago Energy Chamber has called for a boost in exploration drilling to sustain the country’s oil and gas industry.  In a recent press release, the Chamber emphasized that while seismic surveys and geological studies provide strong indicators...
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Maduro takes oath for third term amid Opposition-led protests 

OilNOW -
With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term as Venezuela’s president.  Behind barricades, angry Venezuelans protested his increasingly repressive rule over the embattled South American nation.   Despite the global outcry...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the...

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