Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana's Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana...

The timeframe to ramp up Guyana projects to peak production is significantly less than neighboring Brazil, according to S&P Global Commodity Insights.  There are only two floating production, storage and offloading (FPSO) vessels operating offshore Guyana, in the Stabroek Block...

Blue Water Suriname, a subsidiary of global logistics company Blue Water, has announced the appointment of Gerson Sporkslede as its General Manager, signifying its readiness for full operations in the region.  In a release on October 13, Blue Water said...

Westwood Global Energy Group has released its 2023-2027 subsea tree demand outlook, projecting a total demand of approximately 1,555 units over this period. Notably, Brazil, Guyana, and Norway are expected to account for roughly 40% of the global demand...

A deluge of massive infrastructure projects and building programmes is underway in South America's newest oil producing nation, Guyana. This growth surge is seeing a huge demand for energy which authorities say will continue to increase. But a recent...

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos is operator of the well and has a 33.34% working interest alongside Occidental and Equinor ASA (both...

A recent Harvard International Review journal entry by William Mao has shed light on the potential for Guyana to harness its newfound oil wealth for sustainable development. While concerns loom over the challenges posed by the oil boom, Mao’s...

The Petroleum Directorate Sierra Leone (PDSL) has announced the successful closure of the Nation’s Fifth Offshore Petroleum Licensing Round. The bidding process terminated promptly at 12:00 pm GMT on Friday, September 29, 2023. PDSL confirmed that several applications were received,...

Guyana’s shadow oil minister, David Patterson, has complained that the application of Guyana’s new fiscal terms to offshore contracts, among other things, has created an uneven playing field. This issue, Patterson pointed out during an October 6 press conference,...

Brazil's state-controlled oil company, Petrobras, is considering the possibility of resuming operations in Venezuela, encouraged by Chevron Corp's successful re-engagement in the oil-rich nation, according to Chief Executive, Jean Paul Prates. Prates highlighted the strategic importance of expanding into neighbouring...