Subsea tree orders are on track to cross 200 units this year, according to Westwood’s Global Subsea Tree Tracker. The firm stated in a September 4 report that as of the end of August 2025, “108 subsea tree units...

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its new five-year term. “The work we’re about to embark on is for all of Guyana, every citizen. It’s to reach every...

PARAMARIBO, SURINAME – Suriname’s petroleum industry is governed by the Petroleum Law of 1990, enacted in 1991 (S.B. 1991 no. 7) and amended in 2001. This framework has shaped how oil and gas resources are managed, licensed and developed...

NIEUW NICKERIE, SURINAME - Suriname’s President Jennifer Geerlings-Simons and Guyana’s recently re-elected President Irfaan Ali met on September 13 in Nieuw Nickerie, Suriname, to strengthen bilateral ties and advance cooperation in key areas, with oil and gas and the...

Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund (NRF) report published by the Bank of Guyana. The inflow reflects payments for an estimated three cargoes, each about one...

Guyana's President, Dr. Mohamed Irfaan Ali, has signaled that his administration will embark on an expanded exploration push. “We will press forward with new exploration under a stronger Production Sharing Agreement,” he announced immediately at his swearing-in for a...

Over the next few years, President Irfaan Ali’s second term will see Guyana advancing key projects that place energy and infrastructure at the center of national development.  Hammerhead Approval The Hammerhead discovery was announced in August 2018, the ninth in the...

Flanked by First Lady Arya Ali and their son Zayd, Irfaan Ali was sworn in on Sunday as Guyana’s ninth President at a posh ceremony at State House, where Prime Minister Brigadier (ret’d) Mark Phillips and his family joined...

PARAMARIBO, SURINAME - Forest conservation will remain central as the country advances with offshore oil and inland projects, Oil, Gas & Environment Minister Patrick Brunings said on September 3, ahead of a Council of Ministers meeting. Our goal is to...

TGS, a global leader in energy data and intelligence, has announced the start of the Megabar Extension Phase I survey, a 5,300-square-kilometer multi-client 3D seismic project in the Barreirinhas Basin offshore northern Brazil.  According to the company, the basin shares...