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Suriname Energy Conference returns this week as nation gears up for first landmark offshore development 

Paramaribo, Suriname: The fourth Suriname Energy, Oil & Gas Summit (SEOGS) returns this week from June 4-7 in Paramaribo under the theme; “The Next Stage of Success”. The host remains Suriname’s state oil firm, Staatsolie. The event will be held...

U.S., Europe vie for Guyanese crude as Mexican exports decline, analysts say

With Mexican crude exports expected to decline, a fierce competition is emerging between the U.S. and Europe for Guyanese oil, global trade data and analytics firm Kpler said.  Kpler analyst Matt Smith, quoted in a May 29 Argus Media article,...

Increased hydrocarbon production ups IMF growth estimate for Brazil

An International Monetary Fund (IMF) team, led by Ana Corbacho and Daniel Leigh, conducted discussions with Brazilian authorities and stakeholders for the 2024 Article IV Consultation from May 15-27, 2024. The IMF issued a statement highlighting Brazil's economic resilience...

Saipem to take over China-built heavy lift pipelay vessel this month

Saipem is set to take over the latest generation heavy lift pipelay vessel, JSD6000, in June. The company said the vessel, built by Chinese state-owned port and naval machinery manufacturer ZPMC, had its completion ceremony at ZPMC’s Changxing base. The...

SBM Offshore observes 11th Life Day anniversary with emphasis on Hand Safety

SBM Offshore marked its 11th annual Life Day on May 28, focusing on hand safety and overall workplace wellbeing. The event, themed “Every day is Life Day,” was celebrated globally and included a gathering at the Guyana Marriott Hotel. Martin...

Subsea7 secures “super major” Petrobras contract for Búzios 9 field development

Subsea7 has been awarded a super-major contract by Petrobras for the Búzios 9 field development. The field is located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,000 meters in the...

Draft oil spill legislation to be complete in a week – Jagdeo 

Guyana Vice President Bharrat Jagdeo said draft oil spill legislation will be ready soon. “Within a week, we'll get the draft for the environmental spill legislation to ensure that we safeguard the country, fortify it with a law that forces...

Trinidad hopeful existing gas infrastructure gives it edge over rising stars Guyana and Suriname

Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...

EDO, Noble, MATPAL in new scholarship partnership for Guyanese cadet officers 

El Dorado Offshore (EDO), Noble Corporation, and MATPAL have started a new scholarship program for six Guyanese cadet officers, EDO said in a May 30 release.  The Ramps Logistics subsidiary did not state the nature of the awards. However, it...

Chamber to host ‘largest ever’ trade delegation from Guyana to Suriname

The Suriname Guyana Chamber of Commerce (SGCC) will host its inaugural trade delegation from Guyana to Suriname for the period June 5-9, 2024. It will include over 50 representatives from 23 companies, marking the largest such event to date,...

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Longtail vessel to have highest gas handling capacity ever deployed on an FPSO – SBM Offshore CEO

The floating production, storage and offloading (FPSO) vessel planned for ExxonMobil Guyana’s Longtail development is being designed with the...