Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund...

PARAMARIBO, SURINAME – Combined oil production from the Guyana-Suriname Basin could overtake output from the U.S. Gulf of Mexico before 2032, according to S&P Global. Speaking at the Suriname Energy, Oil and Gas Summit (SEOGS) 2026, Isaac Nuti, Principal Analyst...

For most of the past decade, Guyana's petroleum strategy was relatively straightforward: discover oil, approve new developments and increase production. That objective has largely been achieved. Four floating production, storage and offloading (FPSO) vessels are producing offshore, output is expected...

Dear Editor, The report that more women-owned and women-led businesses are participating in supplier-readiness and business-development programs connected to Guyana’s oil and gas sector is a positive sign. It is also a reminder that inclusion does not happen automatically. It has...

PARAMARIBO, SURINAME — Suriname is still far from ready for the major developments that the oil and gas sector will bring starting in 2028. That critical warning was the focus of the well-attended panel discussions on local content at...

Offshore oil developments in Guyana and Brazil remain among the world's most competitive, with production costs low enough to support continued investment in floating production, storage, and offloading (FPSO) vessels even if crude prices weaken, according to MODEC's 2025...

Trinidad and Tobago’s oil production is projected to recover over the next three years, moving from years of decline to a stronger outlook by 2029, Energy and Energy Industries Minister Dr. Roodal Moonilal announced Wednesday. Moonilal gave the forecast during...

Trinidad and Tobago’s decision to lower the royalty rate on qualifying marginal marine gas fields from 12.5% to 8% should give Guyana reason to reflect on how it debates petroleum fiscal terms. The measure, included in Trinidad and Tobago’s Finance...

The Errea Wittu unit for ExxonMobil’s Uaru development in the Stabroek Block is part of MODEC’s latest floating production, storage, and offloading (FPSO) fleet under construction and will use the company's next-generation floating production technology. In its 2025 Integrated Report,...

APA Corporation Executive Vice President of Exploration Tracey Henderson argued that the success of the Guyana-Suriname Basin is evidence that long-term investment in oil and gas exploration can deliver major discoveries.  In a June 25 interview on Rystad Energy's Let's...