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All-female team led the inaugural Suriname Awareness Symposium

Three trailblazing women joined forces to pull off the first-ever Suriname Awareness Symposium (SAS). The symposium, according to the trio, showcases the power of female collaboration in shaping the future of Suriname’s energy sector and beyond. They are: Ileana Ferber ...

TotalEnergies stresses stability as company set to invest billions into Gran Morgu project 

  Paramaribo, Suriname - Predictability and stability are key elements of the investment climate in a country, particularly when companies are looking to plug billions into projects with long-term returns. As TotalEnergies prepares to invest US$10.5 billion into Suriname’s Gran...

Santokhi raises ‘pressing concerns’ as Suriname set to receive billions

Paramaribo, Suriname - Surinamese President Chandrikapersad Santokhi, addressing the Suriname Awareness Symposium on Monday, called for unity, economic diversification, and sustainable development as the nation prepares for significant oil and gas revenues. Santokhi stressed that collaboration is vital for Suriname’s...

Guyana seeks operator for NGL plant, extends phase 2 bid deadline to March

The Guyana government is seeking proposals for critical components of its landmark Gas-to-Energy project, which will utilize natural gas from the ExxonMobil-operated Stabroek Block. The Office of the Prime Minister has issued a request for proposals (RFP) from firms to...

Guyanese group launches first phase of world-class Port of Vreed-en-Hoop 

The first phase of a world-class offshore support and fabrication facility called the Port of Vreed-en-Hoop was launched Saturday at Plantation Best, West Bank Demerara.  A ceremony attended by over 300 people took place at the facility, situated on 400...

CNOOC targets record growth, green innovation in 2025 plan

CNOOC Limited has announced its 2025 Business Strategy and Development Plan, targeting continued growth and high-quality development. CNOOC’s Guyana subsidiary – CNOOC Petroleum Guyana Limited – holds a 25% working interest in the offshore Stabroek Block, alongside ExxonMobil and...

Westwood’s post-2025 energy investments spotlight Guyana’s Stabroek Block potential

Beyond 2025, Guyana's Stabroek Block, operated by ExxonMobil, is set to remain a focal point for energy investments, according to a new report by Westwood Global Energy Insights. Guyana joins other major opportunities, including Brazil’s pre-salt basin, deepwater Namibia, and...

SLB to reduce spend in Guyana this year – CEO 

SLB CEO Olivier Le Peuch reported a reduction in upstream spending in Guyana during his overview of the company’s 2024 performance and 2025 outlook. While acknowledging strong performances in various regions, he pointed out contrasting trends across international markets. “In...

Trump reverses Biden’s LNG export and permitting restrictions in sweeping energy policy overhaul

U.S. President Donald Trump reversed the pause on LNG export permitting applications and instructed expedited reviews of related projects as part of a broad energy policy overhaul.  In his ‘Unleashing American Energy’ executive order issued hours after his inauguration, Trump...

BOMESC secures contract for Suriname’s first deepwater FPSO topside modules

BOMESC Offshore Engineering Company Limited has signed a contract with STS VOF to construct topside modules for Suriname’s first floating production, storage, and offloading (FPSO) vessel.  The deal, valued between RMB 750 million and 1 billion (approximately US$102 million to...

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Noble reports US$743M revenue, higher earnings in Q1 2026 on improved rig utilization

Noble Corporation plc reported first-quarter 2026 results on April 26, with higher revenue and earnings driven by improved fleet...