Head of Trinidad and Tobago’s Permanent Local Content Committee, Jemma Langley, Thursday advised Suriname to conduct a gap analysis. In the context of local content and the oil and gas sector, a gap analysis would measure the actual capacities and...

Paramaribo, Suriname – Over the last two years, South American neighbours – Guyana and Suriname have been foisted into the limelight due to the exciting oil and gas discoveries being made in both offshore territories. To date, Guyana’s proven oil and...

Saipem says it was awarded several contracts for operations in the Middle East, totaling some US$1.25 billion. It did not name the clients. The first group of contracts concerns extending onshore drilling contracts in the Middle East. They are worth...

Minister of Natural Resources for Suriname, David Abiamofo, said the nation is extremely proud of its track record in honouring contracts, including production sharing contracts. He made the comment during an interview with energy analyst from Americas Market Intelligence Arthur...

Preparations are underway for ExxonMobil’s third oil production project offshore Guyana at the Payara field. The Maritime Administration Department said in a notice the developmental area is situated approximately 102.27nautical miles (189.4 kilometers) from the Coast of Guyana and covers...

Eco (Atlantic) Oil & Gas Ltd. signed a farm-out agreement with the Lunn Family Trust to acquire an additional 6.25% stake in Block 3B/4B offshore South Africa. Lunn Family Trust is a shareholder of Ricocure (Proprietary) Limited. Subject to regulatory approvals,...

Trinidad and Tobago’s model deepwater production sharing contract (PSC) offers attractive incentives to international oil companies (IOCs). All royalties, taxes and other levies are paid for out of the Government’s share of Profit Petroleum, which remains after costs are recovered up to a ceiling...

Suriname’s state oil company, Staatsolie is set to auction off several deepwater blocks this year with another bid round reportedly planned for the shallow blocks by mid-2023. “We are very excited about the prospects of releasing further offshore acreage,” Annand Jagesar,...

The 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS 2022) will be hosted this week in Paramaribo from June 28 to 30. The event is set to provide the opportunity to hear from government,...

When Guyana discovered oil in 2015, it had no capacity whatsoever to fulfill the ever-increasing needs of the budding sector, but the country has come a far way. It is now 2022 – seven years on, and the country has...