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TotalEnergies’ Gran Morgu project will drive local participation in 45 sectors – Suriname GM 

OilNOW -
Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran Morgu project of Block 58, said TotalEnergies’ General Manager & Country Chair EP Suriname, Artur Nunes da Silva.  “45 sectors will...
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Trinidad Energy Minister Young to assume PM role as Rowley bows out

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Stuart Young, Minister of Energy and Energy Industries of Trinidad and Tobago, will be the country’s next Prime Minister. He is set to replace Dr. Keith Rowley, who said last week that he will resign from the post ahead...
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Suriname oil development could be most expensive to date in Guyana Basin

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Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same...
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Brazil enacts law enabling flexible local content policies in oil and gas

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The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and gas sector. Effective December 26, 2024, the law aims to boost investments and optimize the...
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With 600+ homicides and counting, Trinidad declares state of emergency

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Trinidad President Christine Carla Kangaloo declared a state of emergency, the government announced Monday morning. The twin-island nation is grappling with a crisis of violent crime, marked by an increase in homicides. Energy Minister Stuart Young said on December 30...
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T&T Energy Ministry to investigate rig collapse that left worker missing

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Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the Heritage Offshore East Field of Trinidad and Tobago on Sunday morning. T&T media is reporting that the rig collapsed. The Ministry of Energy...
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Petrobras to bring 10 new offshore production systems online by 2029

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Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
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Trinidad commences 12-18 months of wind power assessment

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Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has announced the successful deployment of Light Detection and Ranging devices (LiDARs) at Orange Valley and Galeota. These devices will collect wind data to international standards over a 12–18-month...
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Successful Suriname seabed survey by TDI-Brooks yields “potential” hydrocarbon discoveries

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TDI-Brooks has concluded a comprehensive multi-client multibeam and seabed piston coring program in Suriname for GeoPartners, acting on behalf of Staatsolie Maatschappij Suriname. The project involved seep data acquisition, processing, interpretation, and data management over a survey area of...
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Exxon pulls out of Suriname’s Block 52

OilNOW -
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made. State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.  “The withdrawal...
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Guyana’s Gas-to-Energy project wins Deal of the Year at EXIM 2025 Conference

The Export-Import Bank of the United States (EXIM) has awarded its prestigious Deal of the Year Award to the...

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