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Staatsolie, PETRONAS, ExxonMobil extend gas exploration off Suriname’s coast, eye floating LNG project

Shikema Dey -
Surinamese state oil company, Staatsolie, announced on March 4 that it has signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil to extend the exploration of a gas discovery made in 2020 off the coast of Suriname in...
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Former T&T energy minister runs poll on local content law; none in place 116 years after ‘first oil’

OilNOW -
Trinidad and Tobago's (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine recently conducted a poll via LinkedIn to ascertain whether the twin-island Republic should legislate its local content requirements.  78% of the votes were in the affirmative.  The first...
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Zero to almost 700,000 barrels per day; Guyana oil production booming

OilNOW -
ExxonMobil Upstream Company President, Liam Mallon, has lauded the remarkable success of Guyana's oil production, emphasizing its growth from "zero when we first started drilling" to reaching "600 and 40 something ." The unprecedented growth, Mallon points out, marks...
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Stabroek Block produced over 18 million barrels in January 

Kemol King -
In January, three projects at the ExxonMobil-operated Stabroek Block offshore Guyana produced 18.7 million barrels of oil.  The projects collectively averaged 602,000 barrels per day (b/d). However, based on their individual peaks, the projects demonstrate the ability to produce collectively...
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Staatsolie targeting 20% stake in Block 58 project – Managing Director 

Shikema Dey -
Staatsolie, the state-owned oil company of Suriname, could participate with up to 20% stake in the inaugural field development at Block 58. And it will go this route, according to its Managing Director, Annand Jagesar. “For sure we will participate...
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Touchstone commences drilling of Cascadura-3, CO-374 development wells

OilNOW -
The Trinidad-focused Touchstone Exploration has commenced drilling the Cascadura-3 and the CO-374 development wells, it said in a March 4 update. Cascadura-3 was spud on March 1 from the Cascadura C surface location on the Ortoire Block in which Touchstone...
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SBM Offshore on track to deliver ‘near zero emission’ FPSO to market in 2025

OilNOW -
Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year. “The carbon capture solution developed in partnership with Mitsubishi Heavy...
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Exxon points to major upcoming milestones in South America hotspot

OilNOW -
Liam Mallon, President of ExxonMobil's Upstream Company, recently highlighted significant upcoming milestones the oil major is targeting in Guyana. He sat down with OilNOW on Feb. 20 on the sidelines of the Guyana Energy Conference and Supply Chain Expo.  Mallon...
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Maduro’s missteps sour U.S.-Venezuela relations, threaten Barbados Accord – AMI

Shikema Dey -
Juan González, the National Security Council's senior director for the Western Hemisphere, is set to resign in mid-March 2024, signaling a potential shift in U.S. policy towards Venezuela. González's departure comes amidst growing disillusionment with Venezuelan President Nicolás Maduro's...
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SBM Offshore calls 10-year Guyana O&M deal “a new benchmark” for clients

OilNOW -
A deal SBM Offshore signed with ExxonMobil can set the stage for a new cadre of terms and conditions for relationships with its clients, the company said in its 2023 annual report.  “The 10-year Operations and Maintenance Enabling Agreement (“OMEA”)...
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Dear Editor, I recently saw an article where ‘10 women receive scholarships to pursue maritime careers’. I write to commend...

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