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Exploration

Guyana-Suriname Basin, Brazil among busiest regions this year for high-impact drill campaigns

OilNOW -
High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest...
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Staatsolie seeking US$250 million through bonds for Gran Morgu development 

OilNOW -
Suriname state oil company Staatsolie has launched a bond to come up with “at least” US$250 million and EURO 50 million for its participation in the TotalEnergies-led Gran Morgu development in Block 58.  The company stated that the bond will...
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Ruling issued on Gas-to-Energy project dispute

OilNOW -
A ruling has been issued in the dispute between the Government of Guyana and Gas-to-Energy contractor, Lindsayca/CH4. The matter was referred to the Dispute Avoidance and Adjudication Board (DAAB) on September 19, 2024. In a statement on Monday, the Office...
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Guyana’s hydropower project pushed to 2029, as Gas-to-Energy advances – Finance Minister

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The Amaila Falls Hydropower Project, long regarded as a flagship initiative in Guyana’s transition to clean energy, has been postponed to 2029 as the country prioritizes its Gas-to-Energy (GtE) development to address increasing power demand.  This was confirmed by the...
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SLB seeks suppliers for inspection and testing services in Guyana

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SLB, a global leader in energy technology, has issued a request for information (RFI) to identify qualified suppliers for inspection and testing services in Guyana. The company is seeking providers capable of conducting visual inspections, connection inspections, liquid penetration inspections,...
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Guyana’s PSA approach worked in its favor despite criticisms

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Guyana’s approach to Production Sharing Agreements (PSAs) has been a key factor in its rapid oil sector development, despite public criticism, according to Janelle Persaud, Founder of Cacique Consulting.  “The PSA framework enabled the pace of development we see today,”...
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Guyana fuels Caribbean export boom with 59.6% surge in 2024 – IDB 

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Guyana has emerged as the key driver behind the Caribbean's export resurgence, with its oil sector leading with a notable 59.6% growth in 2024, according to the latest trade trends report from the Inter-American Development Bank (IDB). This surge positions...
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TotalEnergies stresses stability as company set to invest billions into Gran Morgu project 

Shikema Dey -
  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...
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Guyana’s Stabroek Block drives global subsea tree demand – Westwood 

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According to Westwood's Global Subsea Tree Tracker, the global subsea tree market closed 2024 with 255 units awarded, an 11% drop quarter-on-quarter and a 12% year-on-year decline. In 2025, global demand is forecast to...
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Local Content Register tops 1,100 companies, US$743M spent in 2024 

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Guyana’s Finance Minister, Dr. Ashni Singh, revealed during the 2025 budget presentation last week that the Local Content Register now includes over 1,100 companies.  Dr. Singh reported...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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