US-based oilfield services provider McDermott International has been awarded a contract by Shell for the Manatee natural gas project offshore Trinidad & Tobago. The contract covers engineering, procurement, construction, installation, hook-up, and commissioning (EPCI) for the shallow-water Manatee development.
The...
Guyana's Minister of Natural Resources, Vickram Bharrat, has refuted claims by Opposition Parliamentarian David Patterson regarding the operating limits of the country's oil-producing vessels. Patterson had alleged that the Liza Destiny, Liza Unity, and Prosperity floating production storage and...
Halliburton, one of the world's largest energy services companies, is set to expand its operations in Suriname. Chief Executive Officer, Jeffrey Miller, expressed strong interest in further investments in the country. These remarks were shared during a meeting with...
Petrobras reported a net loss of R$ 2.6 billion in the second quarter of 2024, driven by one-off events and significant currency fluctuations. The company's decision to settle legal disputes related to vessel and platform charters in June 2024...
Suriname’s state oil company Staatsolie is set to plug US$1.8 billion in the nation’s first offshore oil project, according to the company’s 2023 annual report.
Staatsolie could participate with up to 20% stake in the Block 58 field development. Its...
Construction of the ONE GUYANA floating, production, storage and offloading vessel (FPSO) is about 75% complete, according to new updates from SBM Offshore.
The company, in its Half Year report for 2024, said the topside modules lifting campaign has been...
Guyana has reported a 64% increase in foreign direct investment (FDI) for 2023, showcasing the nation’s rising influence on the global energy stage.
The 2024 edition of the Economic Commission for Latin America and the Caribbean (ECLAC) “Foreign Direct Investment...
ExxonMobil Guyana today announced the launch of its “Is We Own Again” promotion in collaboration with the Guyana Amazon Warriors. The promo runs from August 10 to September 27, 2024, the company said in a statement.
“Supporting sport and national...
SBM Offshore posted strong financial performance in the first half of 2024, with directional revenue increasing to US$1,840 million - a 23% increase compared to the same period last year. Directional Turnkey revenue rose to US$662 million compared to US$558...
The model is now completed for Silica City, Guyana’s first smart and sustainable city project. This is according to President of the new oil producing South American country, Dr. Mohamed Irfaan Ali.
“We are well on the journey of delivering...
