PARAMARIBO, SURINAME – As Suriname prepares for first oil from Block 58 in 2028, Staatsolie CEO Annand Jagesar is urging discipline in how the windfall is managed, a point he emphasized in a September 24 interview with Het Financieele...

Suriname’s energy sector must align its local content ambitions with the country’s workforce capacity, advises Lourdes Landa Thierry, South America Business Director at Atlas Professionals.  “Local content should be something about developing the country. So it needs to be a...

In PAA Series: Environmental Management - Decommissioning Part 2, we highlighted that, “The most significant steps in reducing adverse environmental influence are for the industry to take a proactive approach to managing operations and become educated about those activities...

Japan’s MODEC said on Tuesday it has been awarded the full engineering, procurement, construction and installation (EPCI) contract to deliver a floating production, storage and offloading (FPSO) vessel for ExxonMobil’s Hammerhead oil project offshore Guyana. The award, which follows a...

Baker Hughes announced Monday that it has secured a significant award from Petrobras to supply up to 50 subsea tree systems and associated services for offshore oil and gas production in Brazil. The award was won through an open...

Dear Editor,  I felt immense pride reading that Guyanese engineers and technicians in the oil and gas sector are now receiving full training right here at home. This two-phase programme equips participants with the skills to operate and maintain FPSOs...

The Hammerhead Petroleum Production Licence requires the operator to hire an independent third-party consultant three years after first oil to conduct an external audit of resources and reserves.  According to the document, the Licence Holder must procure “an unaffiliated, independent...

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and Guyana; one is a long-standing oil producer, and the other is a newcomer racing to meet the demands of its...

Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven mainly by the start-up of the Yellowtail project. The new development, which began production on August 8, averaged 75,000 b/d...

Chevron has expanded its footprint in South America’s energy frontier, undertaking new exploration in Suriname while consolidating its prized position in Guyana’s prolific Stabroek Block. In Suriname, the U.S. supermajor will spud the Korikori-1 exploration well in October. The well...