Differences in underground heat, burial depth, and petroleum migration may help explain why Guyana’s Golden Lane has delivered repeated discoveries while parts of offshore Suriname have produced uneven results, according to a new basin modelling study. GeoExpro published the study...

Guyana's offshore oil industry depends on more than drilling rigs and floating production, storage and offloading (FPSO) vessels. It also relies on a growing maritime workforce that keeps people, equipment and supplies moving between shore and offshore operations. Since production...

Guyana’s oil production has surpassed 900,000 barrels per day, driven by output from the Stabroek Block developments operated by ExxonMobil Guyana and its co-venturers.  With the industry’s expansion, the notion that Guyanese must look overseas for oil and gas training...

Shell says its Merlin-1X exploration well offshore Namibia has delivered the most promising subsurface results recorded to date in Petroleum Exploration Licence No. 0039 (PEL 0039), strengthening the company's assessment of the Orange Basin's resource potential. In a statement released...

The Environmental Protection Agency (EPA) and the Maritime Administration Department (MARAD) have rejected reports that the natural gas pipeline supplying Guyana’s Gas-to-Energy facility at Wales, West Bank of Demerara, has ruptured, stating that the line is not currently operational. In...

MODEC Guyana will launch two workforce development programs on July 20 as part of its effort to strengthen local technical and professional capacity for Guyana’s offshore oil and gas industry. The company said the launch will provide details on its...

Saipem has secured a contract worth approximately US$2 billion for its share of the engineering, procurement, construction, and installation (EPCI) of a floating production, storage and offloading (FPSO) unit for the Kutei North Hub field development project offshore Indonesia. The...

Latin America averaged 27 active offshore drilling rigs during the first five months of 2026, according to a July 2 report by the Energy Chamber of Trinidad and Tobago, which noted that the region continues to experience a slowdown. The...

Staatsolie Maatschappij Suriname N.V. has opened a 90-day window for competing proposals after receiving an application for an offshore exploration area under its Open-Door Offering. The proposal covers the DW WEST area in Sector 4. The proposal was announced on...

PARAMARIBO, SURINAME - SEOGS 2026 closed in Paramaribo with a clear message: Suriname’s offshore opportunity is moving from promise to execution. Across four days of speeches, technical sessions, project updates, private sector engagements, and exhibition activity, the Suriname Energy, Oil...