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Qatar in 27-year LNG supply deal with Taiwan

OilNOW -
QatarEnergy said it signed definitive agreements with CPC Corporation, Taiwan (CPC) covering the long-term supply of LNG to CPC and partnership in the North Field East LNG expansion project (NFE). The two parties signed an LNG Sales and Purchase Agreement...
News

Suriname assures oil companies of stable business environment as reserves mount

Shikema Dey -
Paramaribo, Suriname - Opening the 2024 edition of the Suriname Energy Oil and Gas Summit and Exhibition, President Chandrikapersad Santokhi gave assurance to oil companies of the Dutch-speaking nation's stable environment as he beckoned new investments.  Suriname's potential as an...
News

TotalEnergies targeting ‘Tesla-like FPSO’ as milestones reached, FID nears for Suriname project

OilNOW -
Paramaribo, Suriname - TotalEnergies announced on Wednesday that several key milestones have been reached for its first development at Suriname’s Block 58 where it is the operator. Referencing comments made on Tuesday at the 2024 Suriname Energy Oil and...
News

Brazil Energy Minister commends Guyana for oil sector investments

OilNOW -
Brazil’s Minister of Mines and Energy, Alexandre Silveira, commended Guyana for how well it has attracted investment in its oil sector, a June 3 report by CNN Brazil said. “Guyana has advanced very quickly in this geological region , which...
News

TotalEnergies inks long-term Asia LNG supply deals

OilNOW -
TotalEnergies said it signed two new liquefied natural gas (LNG) medium- and long-term contracts in Asia. In line with its strategy to grow its liquefied natural gas (LNG) business. A sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for...
Exploration

New wells in untouched oil plays planned for Suriname over next two years – Jagesar

Shikema Dey -
Paramaribo, Suriname - Staatsolie, Suriname's state oil firm, has big plans for its offshore oil sector, with an extensive exploration program eyed over the next two years.  "We are planning...lots of exploration wells, which is exciting because it gives the...
News

Two more potential Suriname developments could follow TotalEnergies’ Block 58 lead

OilNOW -
With planning underway for TotalEnergies’ first development in Suriname at Block 58, analysts at Rystad Energy and Wood Mackenzie are looking at two additional projects that can potentially follow. The first is a potential oil development at the nearby Block...
News

Caribbean can take advantage of Guyana’s growth with regional integration – IDB

OilNOW -
The Inter-American Development Bank (IDB) sees potential for the Caribbean to benefit from the oil boom of its new “growth pole” — Guyana.  The Bank said in its latest Caribbean Economics Quarterly Bulletin that Caribbean economies are experiencing continued growth...
News

Petrobras grants Subsea7 US$1.25 billion in contracts for pipelay support

OilNOW -
Subsea7 said it was awarded four long-term day-rate contracts from Petrobras, for pipelay support vessels (PLSVs) commencing in 2025. The contracts have a combined value of over US$1.25 billion and will be recorded in the backlog in the second quarter. The...
News

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

OilNOW -
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...
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Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

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