Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname. The decision was made on November 11, 2025, representing a major advancement in the country’s offshore petroleum development. In an announcement...

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of Guyana and Cerebras Systems  – an  American artificial intelligence (AI) company – signed a landmark Memorandum of Understanding (MOU) to...

Suriname's National oil company, Staatsolie Maatschappij Suriname N.V., (Staatsolie) ramped up investment in workforce development in 2024 as the country prepares for its first major offshore oil development.  The company’s latest sustainability report, published in early October, details a flagship...

PARAMARIBO, SURINAME – Suriname published a new State Decree S.B. 2025 No. 124 on October 22, with the name of ‘Decree on Task Description of Ministries 2025’ taking effect retroactively from July 16th, 2025. At first, it appears to...

Local suppliers in Guyana’s oil and gas industry were given an opportunity to strengthen their participation in the sector through SBM Offshore Guyana’s annual Vendor Day, held this week at the Pegasus Suites.  The event brought together more than 50...

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing Contracts (PSCs) for Blocks 9 and 10. The agreements, secured during the POST SHO2 bid round, strengthen the company’s position...

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration Limited as operators. Staatsolie, in an announcement today, said for Block 9, PETRONAS Suriname will lead...

Trinidad Offshore Fabricators Company Limited (TOFCO) has completed the successful float-off of the Manatee Jacket – Row C, marking a key milestone in one of Trinidad and Tobago’s most significant offshore gas projects. The float-off took place on October 1...

Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage and marine offloading facility in Guyana — a key component of the country’s landmark Gas-to-Energy project. The National Procurement and Tender...

The American Bureau of Shipping (ABS), a global leader in marine and offshore classification and technical advisory services, has launched EagleTwin™, a new web-based structural digital twin solution software designed to enhance safety and operational efficiency for Floating Production,...