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ExxonMobil completes US$1.23 billion Prosperity FPSO purchase from SBM Offshore 

OilNOW -
ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore. The Dutch FPSO-builder announced the completion of the transaction, in a November 7 release, ahead of the maximum lease...
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Guyana government reaffirms that no discussions are underway with CGX

OilNOW -
CGX Energy published its 2024 third-quarter financial statements on November 7, during which it said it is the operator of the Corentyne Block. This is despite Guyana’s Vice President, Bharrat Jagdeo, and Minister of Natural Resources, Vickram Bharrat, publicly...
News

Guyana, Norway have outsized impact on Noble’s backlog profile – CFO

OilNOW -
Noble Corporation's Chief Financial Officer Richard Barker discussed the significant influence of its long-term commitments in Guyana and Norway on the company’s backlog profile during their Q3 earnings call this week. Noble’s total backlog stands at US$4.7 billion, a...
News

NGC can lend expertise to Guyana, Suriname for gas projects – Chairman

OilNOW -
The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...
News

Primera to drill three wells at Rio Claro license Block onshore Trinidad

OilNOW -
Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.  The six-year license includes a financial obligation of US$2.4 million, which covers the execution of five geological...
News

El Dorado announces application period for Marine Cadet scholarships

OilNOW -
El Dorado Offshore, in collaboration with Noble Corporation and MATPAL Marine Institute, announced on November 4, the opening of applications for the Noble Marine Cadet Program, an initiative aimed at empowering young Guyanese for careers in the country’s energy...
News

Guyana, Suriname can meet 11% of mid-2030s LNG supply gap – WoodMac

OilNOW -
Energy data analytics provider Wood Mackenzie said Guyana and Suriname can supply up to 12 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) by the next decade.  This output would account for approximately 11% of the anticipated...
Exploration

Touchstone achieves initial production at Cascadura C well pad in Trinidad 

OilNOW -
Touchstone Exploration Inc. has achieved initial production from its Cascadura C onshore well pad during the testing phase. In a November 4 release, Touchstone said it safely commissioned the flowline connecting the Cascadura C surface location to the Cascadura natural...
News

Norway subsea firm enters agreement with Suriname oil & gas regulator

OilNOW -
Norway-based subsea service provider, Argeo, has entered into an eight-year agreement for acquisition, processing and sales of multi-client data in Suriname with state oil firm, Staatsolie. The execution of the agreement will be performed in several phases over the contract...
News

Regulator approves MODEC’s plan for local content in Guyana through 2028

OilNOW -
Guyanese regulators have approved MODEC’s Local Content Master Plan 2024-2028.  The plan outlines MODEC's push to integrate Guyanese companies and nationals into its operations for a five-year period. Procurement opportunities for Guyanese companies are already being unveiled, with about 32 announced...
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ExxonMobil completes US$1.23 billion Prosperity FPSO purchase from SBM Offshore 

ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from...

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