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Shallow water potential offshore Suriname revealed with 3D seismic survey data

A recent 3D seismic survey on Suriname’s offshore acreage has revealed the Dutch-speaking nation’s shallow water exploration potential. This is according to CGG - a geotechnical data service provider that completed the five-phase seismic survey alongside CGS and BPC.  “CGG’s...

Saipem Guyana seeks local companies for ground transportation services as operations escalate in Stabroek Block

Guyanese companies in strict compliance with the country’s local content law are invited to submit expressions of interest (EOIs) for ground transportation services for Saipem Guyana, one of ExxonMobil’s leading Stabroek Block contractors.  Saipem in a public EOI request stated...

New oil law to establish framework for Gas-to-Energy pipeline, plants

With preliminary work for Guyana’s Gas-to-Energy project underway, the new proposed Petroleum Activities Bill includes a framework for the permitting of pipelines and plants to transport and treat petroleum. This has implications for investment decisions by ExxonMobil and partners...

Local caterers now have up to July 4 to submit RFI’s to Noble Drilling

Noble Drilling, one of ExxonMobil’s prime contractors, has extended the deadline for firms to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. The deadline is now July 4.  Noble said the scope of...

Subsea 7 seeking logistics firms as pipelaying for Gas-to-Energy begins

Subsea 7, one of the two companies hired for pipelaying service for Guyana’s Gas-to-Energy project is on the hunt for local logistics firms, according to a public Expression of Interest (EOI). Subsea 7 was hired alongside Dutch contractor Van Oord...

Total-Exxon deal to develop Guyana-Suriname gas resources a real possibility

It may be a far way off, but the Guyana government is setting the stage for the development of gas resources with Suriname, if the companies decide to go that way.  The latest development, in this regard, is a proposed...

Sustainable Energy from Ideas to Projects: Part 1

By Dr. Lorraine Sobers - OilNOW The Energy Chamber of Trinidad and Tobago hosted the Caribbean Sustainable Energy Conference (CSEC) 2023 on June 5-7 at the Hyatt Regency, Port of Spain, Trinidad. The energy transition facing the sector, net-zero...

SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...

Guyana moves to expand oil regulation with new proposed law

Guyana’s Ministry of Natural Resources has announced the release of a draft Petroleum Activities Bill for public consultation, proposing a major overhaul of its oil and gas regulatory framework. The bill aims to replace the outdated Petroleum (Exploration and...

Mother Nature at Work: Oil and Climate Change in Guyana; Part I

By Ivelaw Lloyd Griffith This is a two-part series on Guyana’s petroleum pursuits and the likely impact of climate change dynamics on those pursuits. In this first article, we look at oil production and note some of the climate change...

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What happens to the parts of Guyana’s offshore blocks that contractors give back?

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana —...