PARAMARIBO, SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66.  The agreement was signed on June 17, 2025, on the sidelines of the ongoing...

As TotalEnergies continues drilling the Macaw-1 well in Suriname’s Block 64, attention is shifting to the Demerara Shelf and what the activity there might mean for future exploration. According to Henk Kombrink, Editor-in-Chief of GEO ExPro, oil companies are now...

The Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS) 2025 returns this week with its largest and most comprehensive edition yet, bringing together regional and international energy leaders, policymakers and technical experts for four days of strategic dialogue...

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the number of barrels produced. “We cannot squander this moment by counting barrels only,” Ali said during a business launch event...

PARAMARIBO, SURINAME - Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the most significant energy events in the Caribbean and South American region.  What began as a relatively contained forum...

High-impact exploration drilling yielded 5.3 billion barrels of oil equivalent (boe) in potentially commercial resources in 2024, according to Westwood Global Energy Group’s State of Exploration 2025 report.  The firm’s lead analyst Andrew Jackson said during a webinar on Wednesday...

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the country’s growing oil and gas industry. This is regarded as a significant enhancement of Guyana’s subsea capabilities in the local...

ExxonMobil’s oil operations offshore Guyana earned it US$4.73 billion in profit last year. That accounted for nearly one in every seven dollars, or 14.04%, of the company’s global profit of US$33.68 billion in 2024, up from just US$0.63 billion...

MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon capture systems for offshore production vessels. This is according to a recent release from MODEC.  The...

PARAMARIBO, SURINAME - Between the 2024 installment of the Suriname Energy Oil and Gas Summit and Exhibition (SEOGS) and its return this June, the country’s energy sector has experienced its most transformative changes to date.  Suriname is no longer standing...