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Suriname’s 2025 elections set stage for coalition government amid oil sector decisions

PARAMARIBO, SURINAME - Suriname’s general elections on May 25 have resulted in a divided parliament, setting the stage for a coalition-led government that will take office as the country prepares for a major transition in its oil and gas...

Guyana recognized as one of only nine new superbasins – S&P Global

Guyana has been identified as one of only nine new superbasins worldwide to deliver over five billion barrels of oil equivalent since 2000. The classification was presented by S&P Global Commodity Insights at the recent Suriname Energy Oil and...

Efforts to reduce emissions highlighted at SEOGS 2025 technical conference

PARAMARIBO, SURINAME - A recurring theme at the Suriname Energy, Oil & Gas Summit (SEOGS) 2025 technical conference was the drive for lower emissions in offshore oil and gas operations. Panelists from SBM Offshore, TotalEnergies, and S&P Global provided...

Baker Hughes achieved 55% Guyanese workforce in 2024

Baker Hughes reached a major local content win in 2024, with 55% of its workforce in Guyana made up of Guyanese. The company credits sustained investment in local talent and a people-centered development strategy. “People first energy board is really...

TotalEnergies pushes local content drive with key findings from Suriname Industrial Baseline Study 

TotalEnergies has completed an Industrial Baseline Study (IBS) in Suriname to assess the country’s local supply chain capabilities. The company’s Local Content Program, currently in development, is built on the insights of this study. “This study gives us the opportunity...

Namibia needs a strong oil governance framework, IMF says in country review 

The International Monetary Fund (IMF) has called on Namibia to adopt a clear and comprehensive framework to manage its emerging oil and gas sector, warning that without robust governance structures, the southern African nation could miss the opportunity to...

TotalEnergies’ GranMorgu director highlights innovation, efficiency gains in Suriname project

PARAMARIBO, SURINAME - Frédéric Beys, GranMorgu Project Director at TotalEnergies, highlighted the company’s forward-thinking strategy and sustainability-driven innovations during remarks at the 2025 Suriname Energy, Oil & Gas Summit (SEOGS). “We will spend, altogether, 30 million man hours on this...

Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on the second phase of the offshore GranMorgu project, according to Gianluigi Della Rossa, the company’s Country Manager for Guyana and...

Staatsolie Director warns against overregulating local content ahead of GranMorgu development

PARAMARIBO, SURINAME - As Suriname prepares for the GranMorgu oil development, Vandana Gangaram Panday, Director at Staatsolie Hydrocarbon Institute, cautioned against overregulating local content. Speaking on day four at the Suriname Energy, Oil and Gas Summit, Panday acknowledged the ongoing...

TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark GranMorgu project offshore Suriname, according to Javier Rielo, the company's Senior Vice President, Americas. “We have already identified wells. We are...

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Zero routine flaring systems standard on Guyana’s FPSOs, cutting emissions through gas reinjection

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage,...