News

Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...

SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58. Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...

The Guyana government has inked a contract for a second powership to be deployed in Guyana by UCC Holdings, for the delivery of 75 megawatts (MW) of additional generating capacity. The agreement was signed on November 13 in Georgetown, by...

In the third quarter of 2024, Touchstone Exploration achieved an average quarterly production of 5,211 barrels of oil equivalent per day (boe/d), 75% of which was natural gas, marking a 54% increase from 3,391 boe/d in the same period...

Halliburton said it will open new facilities in Namibia, the growing oil frontier in southern Africa. The company said its in-country operations will be supported by facilities at Windhoek, Walvis Bay, Swakopmund, and Lüderitz—a combined footprint of 20,000 m². The...

ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...

The ONE GUYANA floating production, storage and offloading (FPSO) vessel is expected to arrive in Guyana in the second quarter of 2025. So says ExxonMobil Guyana President, Alistair Routledge, speaking at a November 12 steel strike ceremony for the Jaguar FPSO...

The Dutch Court of Appeal has overturned a prior ruling that required Shell to reduce its global carbon footprint by 45% by 2030, S&P Global reported.  This decision, handed down on November 12, nullified a 2021 District Court order resulting...

More than 60 percent of Venezuela’s fuel supply has been shut down following a gas explosion at a key production facility run by state firm Petroleos de Venezuela (PDVSA). At least eight people were killed in the incident while...

Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...