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The Multipurpose Floater C (MPF C) Fast4Ward hull reserved by SBM Offshore for Suriname’s US$9 billion offshore development is being fabricated by China Merchants Heavy Industry (CMHI). TotalEnergies reserved the hull in June.  According to a July 12 Upstream Online...

The U.S. Department of Energy (DOE) has issued a solicitation to purchase 4.5 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). However, the recent surge in crude prices may hinder this effort. US strategic petroleum reserves sink...

Guyana President Dr. Mohamed Irfaan Ali said Guyana’s salary levels, in a few years, will win back critical groups of workers who have left Guyana’s shores for more attractive remuneration.  “In another few years, our salary structure will be comparable...

ExxonMobil is continuing exploration drilling at the Haimara-3 well site in the Stabroek Block offshore Guyana. The drilling, conducted by the Noble Sam Croft, will conclude on July 31, 2024, according to a notice by the Maritime Administration Department.  The...

OPEC's latest Oil Market Report offers an optimistic view of the global oil market. The organization has revised its 2024 global economic growth forecast slightly higher to 2.9%. This adjustment is due to stronger-than-expected performances in key economies like...

Suriname's shallow water bid round has closed and according to its state oil company, Staatsolie, “several bids” were received.  “We would like to thank the companies which have shown their interest,” the Staatsolie said in a recent announcement.  The state oil...

MODEC Guyana is requesting contractor services for the annual maintenance and certification of the Environmental and Motion Monitoring System (EMMS) on the FPSO Errea Wittu.  This vessel is expected to initially produce 250,000 barrels of oil per day (b/d), inject...

The news that Shell issued a final investment decision for the Manatee gas field was welcomed by Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine.  But he believes the development will only make a small dent in lifting TT’s liquid...

The Government of Guyana is now engaging in discussions to sell the country's certified carbon to airlines via a compliance market based in Singapore. “We’ve been fighting to get our carbon sold into a compliance market,” said Vice President, Bharrat...

Shell Trinidad and Tobago Ltd., a subsidiary of Shell plc, has taken the Final Investment Decision (FID) on the Manatee project. Shell said the undeveloped gas field in the East Coast Marine Area (ECMA) of Trinidad and Tobago marks...