Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.
On a rainy...
SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing a 46% increase from the previous US$1.3 billion projection.
This significant boost is primarily attributed to the completion of the US$1.23...
With Florida Senator Marco Rubio named as Donald Trump’s pick for Secretary of State, the Guyana government expects strong support from the upcoming United States administration in its border row with Venezuela.
“We’re very pleased also that Senator Rubio will...
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation.
The project will combine TechnipFMC’s subsea...
SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58.
Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...
The Guyana government has inked a contract for a second powership to be deployed in Guyana by UCC Holdings, for the delivery of 75 megawatts (MW) of additional generating capacity.
The agreement was signed on November 13 in Georgetown, by...
In the third quarter of 2024, Touchstone Exploration achieved an average quarterly production of 5,211 barrels of oil equivalent per day (boe/d), 75% of which was natural gas, marking a 54% increase from 3,391 boe/d in the same period...
Halliburton said it will open new facilities in Namibia, the growing oil frontier in southern Africa. The company said its in-country operations will be supported by facilities at Windhoek, Walvis Bay, Swakopmund, and Lüderitz—a combined footprint of 20,000 m².
The...
ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...
The ONE GUYANA floating production, storage and offloading (FPSO) vessel is expected to arrive in Guyana in the second quarter of 2025. So says ExxonMobil Guyana President, Alistair Routledge, speaking at a November 12 steel strike ceremony for the Jaguar FPSO...
