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Noble Corporation to acquire Diamond Offshore, creating U.S. offshore drilling giant

OilNOW -
Texas-based Noble Corporation is set to acquire fellow rig owner Diamond Offshore in a merger deal, creating a U.S. offshore drilling powerhouse with a fleet of 41 rigs and a combined backlog of US$6.5 billion.  Noble said it will acquire...
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Omni Helicopters selects first Guyanese pilots for Ab-Initio flight program

OilNOW -
Omni Helicopters Guyana Initiative (OHGI), touted as Guyana’s leading air mobility solutions provider for the offshore sector, has selected its first two Guyanese citizens, Somant Heeralal and Yadram Ramcharran, to participate in its Ab-Initio flight program.  Announced in a June...
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Exxon data reveals 80% average annual growth in spend on Guyanese suppliers for 2017-2023

OilNOW -
ExxonMobil and its contractors grew their spend on Guyanese suppliers by an average of 80% annually, its 2023 Annual Report revealed. Spend grew from US$23 million in 2017 to US$641 million in 2023. Recent growth in spend picked up, particularly...
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Opportunity for Guyanese to fabricate well jumpers for ExxonMobil

OilNOW -
Guyanese fabricators have a new opportunity to provide well fabrication and assembly services in support of ExxonMobil’s offshore operations. A June 7 request for information (RFI) indicates that the company plans to put in place a multi-year enabling agreement for...
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Guyana commissioning 3D seismic study to support offshore exploration, future bid rounds

OilNOW -
Guyana plans to commission a survey to gather data in support of offshore exploration and future bid rounds.  The Ministry of Natural Resources published a June 5 request for expressions of interest from “reputable and experienced” firms to conduct a...
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Tobago to get US$7.4 million from central gov’t to offset oil spill expenses

OilNOW -
Tobago will receive TT$50 million (approximately US$7.4 million) to offset expenses related to the recent oil spill, TT Live Online reported. The spill, which occurred in February, involved a tug and barge that ran aground. The state broadcaster said the...
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Celebrations on the horizon as Suriname’s first deepwater oil project just months away from sanctioning 

Shikema Dey -
Suriname is abuzz with energy. And hope too, as the country’s first offshore oil development is set to be sanctioned in a matter of months.  Thanks to successful hits in Suriname’s Block 58, operator TotalEnergies is forging full steam ahead...
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SBM Offshore’s Fast4Ward hull reserved by TotalEnergies for Suriname’s first oil development

OilNOW -
TotalEnergies has reserved SBM Offshore's Fast4Ward® hull for its first development offshore Suriname. SBM Offshore made the announcement on Thursday. "SBM Offshore is pleased to announce that, in partnership with Technip Energies, and in line with the Front End Engineering and...
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Suriname, T&T state energy firms forge closer ties with MoU, LOI

OilNOW -
Suriname’s state oil firm Staatsolie and the National Energy Corporation of Trinidad and Tobago Limited (National Energy) have signed new agreements to enhance regional energy cooperation.  The signing took place on the sidelines of the 2024...
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ExxonMobil Guyana reports US$2.9 billion in 2023 profit

Kemol King -
ExxonMobil Guyana reported comprehensive income (profit) of GY$614.6 billion (US$2.9 billion) in 2023. This is a 6% increase from the company’s GY$577.7 billion (US$2.75 billion) 2022 profit.  Exxon also recorded a 47% increase in equity from GY$1.49 trillion (US$7.09 billion)...
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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...

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