Earlier this year, the Energy Chamber released a map that showed the upstream activity taking place in the country.  This was first released at the T&T Energy Conference in February 2025.

Over the last 6 months there have been some significant changes to this activity map, as projects have moved through the development cycle.  Some projects have achieved a final investment decision and have moved into the full development stage, while some exploration projects have found commercial resources and are now in the stage of working towards a final investment decision.  Last week the map was also significantly changed by the return of a major player, ExxonMobil, with an exploration block in the deepwater.  

Renaissance Energy Limited announces the successful completion of its maiden drilling campaign in the Wilson Sands formation.

CSA Ocean Sciences Inc. (CSA), a global marine environmental consulting firm, and its Suriname subsidiary, CSA Suriname N.V., have been awarded several additional projects in Suriname, including multi-year contracts for major oil and gas operators in the region. CSA will mobilize vessels of opportunity to perform field operations in a range of water depths up to 3,000 msw and manage multiple Environmental and Social Impact Assessment (ESIA) programs offshore Suriname.

The North American onshore market is the most dynamic drilling rig market in the world, with rig rates (especially in the USA) quickly responding to changing market conditions. Despite President Trump’s mantra of “drill baby drill” the rig rate has actually fallen in 2025, driven by market fundamentals rather than rhetoric.